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New Taiwan Dollar (TWD) to Binance USD (BUSD) Instantly

Purchase Binance USD (BUSD) with New Taiwan Dollar (TWD) 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 TWD 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 is the TWD/BUSD pair and what is its primary function in crypto trading?

    The TWD/BUSD pair represents a direct fiat on-ramp, allowing users to convert New Taiwan Dollars (TWD) into Binance USD (BUSD). BUSD is a 1:1 USD-backed stablecoin, approved by the NYDFS and issued by Paxos. Its primary function is to provide a stable digital asset for Taiwanese traders to enter the cryptocurrency market, hedge against volatility, or access the broader Binance ecosystem without direct exposure to more volatile assets.

  • As a regulated stablecoin, what makes BUSD a secure choice after converting from TWD?

    BUSD's security stems from its regulatory oversight and transparent backing. It is issued by Paxos Trust Company and regulated by the New York State Department of Financial Services (NYDFS). This means its reserves, which back the stablecoin 1:1 with U.S. dollars, are subject to regular third-party audits. These monthly attestation reports are publicly available, providing transparency that your digital asset is fully collateralized by equivalent fiat assets, ensuring stability.

  • What are the typical fees associated with converting TWD to BUSD?

    Fees for TWD to BUSD transactions can vary. On P2P platforms, there are often no direct trading fees, but the exchange rate is set by the merchant and may include their profit margin. If using a centralized exchange that accepts TWD fiat deposits, there might be a bank transfer or deposit fee. After acquiring BUSD, moving it to an external wallet will incur a blockchain transaction fee (network fee), which is typically much lower for BEP-20 transfers than for ERC-20 transfers.

  • What are the most common ways to purchase BUSD with TWD?

    The most prevalent method for buying BUSD with TWD is through Peer-to-Peer (P2P) trading platforms available on major cryptocurrency exchanges. Users can directly transact with verified merchants using local TWD bank transfers. Some regional exchanges in Taiwan may also offer a direct TWD/BUSD order book, but P2P trading often provides greater liquidity and more payment options. All reputable platforms will require KYC/AML compliance for security.

  • After acquiring BUSD from TWD, on which blockchain networks can I use it?

    Binance USD (BUSD) is a multi-chain digital asset. Primarily, you will find it as a BEP-20 token on the BNB Smart Chain (BSC), which is popular for its low transaction fees and integration with many DeFi applications. It also exists as an ERC-20 token on the Ethereum network. When withdrawing BUSD from an exchange to a personal digital wallet, it is crucial to select the correct destination network (e.g., BEP-20) to ensure the funds arrive safely.

  • What strategic advantages does using the TWD/BUSD pair offer to traders in the Binance ecosystem?

    Using the TWD/BUSD pair provides a seamless fiat gateway into the extensive Binance ecosystem. Once TWD is converted to BUSD, traders gain access to high liquidity trading pairs on Binance, often with zero-maker fee promotions. BUSD is also integral to Binance Launchpad for new token sales and is a core asset in numerous DeFi applications on the BNB Smart Chain, allowing for staking, lending, and yield farming opportunities directly after the fiat-to-crypto conversion.

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