Converting BUSD to FDUSD on Binance

Jul 5, 2024

How to Convert BUSD to FDUSD Using Binance

Introduction

  • Presenter: Rafal Cila from M Investor
  • Topic: Tutorial on converting BUSD to FDUSD, then to USDT, BNB, or other coins on Binance
  • Duration: Less than 5 minutes

Step-by-Step Guide

Accessing Your Wallet

  • Go to your MetaMask wallet.
  • Check your balance for BUSD (e.g., 58 BUSD).

Depositing BUSD to Binance

  1. Login to Binance
    • Go to your Binance account.
    • Click on Deposit.
  2. Select Coin and Network
    • Choose Deposit Crypto.
    • Search for BUSD. If it doesn't show immediately, try again.
    • Select the appropriate network (ERC-20, TRC, or BSC - e.g., BSC for MetaMask).
  3. Generate Address and Copy
    • Copy the generated deposit address.
    • Warning: Double-check the address to ensure accuracy (malware can alter copied addresses).

Sending BUSD from MetaMask

  1. Go to MetaMask
    • Select BUSD.
    • Click on Send.
  2. Paste the copied Binance address.
    • Double-check the address for accuracy.
  3. Enter Amount and Confirm
    • Input desired amount (e.g., 10 BUSD).
    • Review gas fees (e.g., 0.0023221 BUSD).
    • Confirm and execute the transaction.
    • Wait 3-5 minutes for the deposit to arrive on Binance.

Converting BUSD to FDUSD

  1. Verify Deposit
    • Ensure the BUSD deposit has arrived (e.g., 10 BUSD).
  2. Access Convert Feature
    • Go to Trade -> Convert and Block Trade.
    • Convert BUSD to FDUSD at the current market price.
    • Note: Post 12th December, BUSD will not be supported for trading but can be deposited/converted to FDUSD.
    • Enter amount (e.g., 10 BUSD) and preview the conversion.
  3. Execute Conversion
    • Confirm the conversion (no fees involved).
    • You should now have FDUSD in your spot wallet.

Further Actions

  • Convert FDUSD to Other Coins
    • Use FDUSD to trade or convert to USDT, BNB, etc.
    • Options available directly within Binance's trading interface.

Conclusion

  • If Tutorial Helped: Hit Like and Subscribe.
  • Need More Help: Comment below with questions or requests for more tutorials.
  • Sign-off: Rafal Cila, M Investor