ETH to BUSD Instant Exchange

Ethereum is the second-largest cryptocurrency on the market and has remained as such for quite a while. Ethereum gained its recognition with smart contracts and EVM, both of which allow the creation of DApps on its blockchain. The native token of the network, ETH, powers the mentioned-above smart contracts and is crucial for the network’s inner workings. Whilst ETH is widely applicable, it can be quite risky to rely on its value completely, just like with most other cryptocurrencies. However, there are assets out there that do not suffer from the same volatility.

BUSD is a stablecoin managed by Paxos and the Binance Exchange platform that is pegged to the value of the U.S. Dollar in 1:1 proportion. However, BUSD is different from most other stablecoins on the crypto market, it is compliant with New York State Department of Financial Services (NYDFS) restrictions. Such compliance means that it is pre-approved for custody and trading. BUSD, like other stablecoins, allows users to utilize such coins without worrying about volatile changes. The combination of fiat stability and crypto opportunities creates an appealing asset that links decentralized and traditional finance. BUSD allows users to protect themselves from inflation and provides other financial protections.

Both BUSD and ETH are very valuable assets, however, each one is more fitting for different purposes. If you are looking to purchase some crypto to start trading or to replace your fiat savings - you should consider acquiring BUSD.