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Azerbaijan Manat (AZN) to Binance USD (BUSD) Instantly

Purchase Binance USD (BUSD) with Azerbaijan Manat (AZN) easily at Switchere and benefit from fast, secure transactions.

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About
Binance USD (BUSD)

BUSD (BUSDBSC) is a regulated, fiat-backed stablecoin pegged 1:1 to the US dollar, designed to provide price stability within the volatile digital asset landscape. Issued by Paxos Trust Company in partnership with Binance, BUSD aims to offer a reliable medium of exchange and store of value. The "BUSDBSC" ticker specifically denotes its presence as a BEP-20 token on the BNB Smart Chain, a high-performance decentralized network facilitating extensive DeFi applications. The core technology behind BUSD relies on transparent, audited US dollar reserves held in dedicated accounts, ensuring each token is backed by an equivalent amount of fiat currency. This contrasts with algorithmic stablecoins, offering a different approach to maintaining its peg and cryptographic security.

The primary utility of BUSD, particularly its BUSDBSC variant, is to enable seamless transactions and participation in the BNB Chain's ecosystem with minimal price risk. Its tokenomics are straightforward: new BUSD is minted when dollars are deposited with Paxos, and burned when redeemed, maintaining the 1:1 backing. Prominent use cases include trading against other cryptocurrencies on exchanges like PancakeSwap, serving as collateral in lending and borrowing protocols, yield farming within various DeFi applications, and facilitating peer-to-peer payments. As an NYDFS-approved (for the Paxos-issued Ethereum version) and widely adopted stablecoin, BUSD plays a significant role in providing liquidity and a trusted, compliant digital dollar representation on various blockchain technology platforms, acting as a foundational element for many Web3 infrastructures and on-chain financial activities.

Binance USD (BUSD)

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How to Buy Binance USD (BUSD)

  1. Select currency menu

    Choose AZN to BUSDBSC Pair

    Select your preferred payment method and enter the amount.

  2. Crypto address page

    Enter Your Binance USD Wallet Address

    Provide your BUSDBSC wallet address and proceed with the payment.

  3. Confirmation page

    Receive Your Binance USD

    Complete the payment, and your BUSDBSC will be sent to your wallet.

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Frequently Asked Questions

  • What exactly is the AZN/BUSD trading pair?

    The AZN/BUSD pair represents a direct market on a cryptocurrency exchange for trading the AZN token against Binance USD (BUSD). BUSD is a 1:1 USD-backed stablecoin issued by Paxos and approved by the NYDFS. This pairing allows traders to value the AZN utility token directly in a regulated digital asset that mirrors the US dollar, facilitating price discovery and risk management within the AZN ecosystem.

  • Why use the BUSD stablecoin for trading AZN instead of other cryptocurrencies?

    Using BUSD provides stability in a volatile market. As a fiat-collateralized stablecoin, its value is pegged 1:1 to the US dollar. This allows AZN holders to lock in gains or hedge against price drops without converting to fiat. Furthermore, BUSD transactions on the BEP-20 standard (Binance Smart Chain) are known for their fast settlement times and low transaction fees, making trades more efficient. Its regulated status also adds a layer of trust.

  • What are the typical fees associated with AZN/BUSD trades?

    Fees depend on the trading venue. On a centralized exchange, you'll typically pay a small percentage-based trading fee on the transaction volume. On a decentralized exchange, you pay a swap fee to the liquidity pool (e.g., 0.25%) and a separate network or 'gas' fee to the Binance Smart Chain validators to process the blockchain transaction. This gas fee, paid in BNB, fluctuates based on network congestion.

  • What are the common platforms for trading AZN against BUSD?

    AZN/BUSD trading primarily occurs on platforms that support Binance Smart Chain (BSC) assets. This includes centralized exchanges (CEXs) that list the pair in their spot trading section with an order book, and decentralized exchanges (DEXs) like PancakeSwap, where users can swap tokens directly from their crypto wallet via a liquidity pool. The choice depends on user preference for custody and order types.

  • What technical knowledge is required to trade the AZN/BUSD pair on a DEX?

    To trade AZN/BUSD on a decentralized exchange (DEX), you need a self-custody crypto wallet compatible with Binance Smart Chain (BSC), like MetaMask or Trust Wallet. You must understand how to connect your wallet to the DEX, approve smart contract interactions, and set an appropriate slippage tolerance to avoid failed transactions. It's also crucial to be aware of gas fees (paid in BNB) for executing the swap on the blockchain.

  • How does the regulatory status of BUSD impact the AZN/BUSD digital asset pair?

    The fact that BUSD is issued by Paxos, a regulated trust company, and is approved by the New York State Department of Financial Services (NYDFS) adds significant trust and transparency to the pair. It ensures BUSD is fully backed by reserves, which are subject to monthly attestations. While this regulation doesn't apply to the AZN token itself, pairing it with a regulated stablecoin provides a more reliable and secure base asset for trading and valuation compared to algorithmic or unregulated stablecoins.

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