How to buy BUSD and BNB for registration in FORSAGE BUSD
FORSAGE BNB works on Binance Smart Chain and requires to have BUSD BEP-20 format for registration and BNB BEP-20 format for network fee in your wallet.
There are 4 simple ways to get them:
1. Trust Wallet
A decentralized wallet from Binance exchange for mobile devices.
Thanks to the integration with the Simplex provider, you can buy BNB inside your wallet using VISA / MasterCard card. Apple Pay is also available for buying crypto.
When buying from a card the commission in Trust Wallet can reach up to 12%.
At the same time, the minimum purchase amount from a credit card is $50, the maximum is $20,000.
In Trust Wallet, the BUSD coin of BEP-20 format we need is called BUSD-BEP20.
In Trust Wallet, the BNB coin of BEP-20 format we need is called Smart Chain (BNB). We will need to have BNB in our wallet to cover the network fee for registration.
Also, inside the wallet, you can buy another cryptocurrency (BTC, ETH, etc.) and swap it to Smart Chain (BNB).
Official Website https://trustwallet.com
An easy-to-use, decentralized wallet that supports a lot of blockchains, including BSC. The wallet has many functions: transfers, trading, conversion, asset management, DApp store, etc.
If you already have TRX or ETH on your wallet, you can swap it to BNB.
For example, TRX-BNB. The minimum limit of TRX for one swap is 1500 TRX. Maximum — 30,000 TRX.
1) Go to the Market tab, then click on the Token Swap section.
2) Then chose which crypto you want to swap (in our case it is TRX).
3) On the other side choose BNB (Smart chain)
4) Enter the amount
5) Choose the receiving address from the list.
6) Click on the swap button.
Same procedure to buy BUSD on Token Pocket but you need to choose carefully and buy Binance Smart Chain BUSD.
Official Website https://www.tokenpocket.pro
3. Binance Exchange
If you have already had an account on Binance, you can buy BNB on the exchange.
A simple registration procedure and the ability to purchase cryptocurrency with fiat will allow you to buy BNB and send it to your decentralized wallet.
Over 70 BNB trading pairs are available on the exchange. The withdrawal limit per day without KYC: 2 BTC.
For registration in FORSAGE you will need both BUSD and BNB (to cover the network fee). After you buy BUSD and BNB you can withdraw them to your wallet. Don't forget that you need to withdraw to the Binance Smart Chain address.
Binance withdrawal fees for BNB:
• BEP-20 (BSC): 0.0008 BNB
Binance withdrawal fees for BUSD are zero (0) and the minimum withdrawal is 10 BUSD = 10$.
When withdraw make sure you send coins to the Binance Smart chain network BEP-20 and wallet address start from 0x..., not bnb...
Official Website https://www.binance.com
First of all, we transfer MetaMask to the BSC network for this we use the instructions at this link.
Now we click on the exchange button.
In the first window, select BNB and the amount for exchange, and in the window below BUSD, then click on the exchange button that will show us the preliminary rate and confirm it.
Within a couple of minutes you will receive BUSD tokens that you can use for registration.
Attention! In order to make any transactions with the BUSD stable coin on the Binance Smart Chain, you must have a BNB coin on your balance. Commissions for transactions with the BUSD token are calculated only in BNB, so all commissions will be automatically deducted from your BNB balance. If there is no BNB cryptocurrency on your wallet, then the Binance Smart Chain blockchain will not be able to carry out any of your transactions with the BUSD stable coin!
More information about BUSD FORSAGE on the BSC network:
→ FAQ: BUSD FORSAGE expansion on Binance Smart Chain (BSC)
→ All about commissions in FORSAGE BUSD
→ How to prepare your wallet for the launch of FORSAGE BUSD on the BSC network
→ Why BUSD and BNB on Binance smart chain (BSC) has same address format as Ethereum (ETH) network?
→ Difference between Binance Chain BNB (BEP-2 format) and Binance Smart Chain BNB (BEP-20 format)
→ List of common mistakes that may cause your assets loss
→ How to buy BNB and BUSD on Binance.com
→ How to add Binance Smart Chain wallet with BUSD token if you have separate Ethereum Wallet in app? (Trust Wallet)
→ How to buy BUSD from an online exchanger