How to Buy BFUSD and Redeem for USD Stablecoin?

Disclaimer: In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.

How to buy BFUSD?

Users can buy BFUSD with supported USD stablecoin (with a small slippage, represented by the fee shown on the platform). Once BFUSD has been purchased, it will be credited to your USDⓈ-M Futures Account.

Website

Step 1: Login to your Binance Account and go to [Futures] - [BFUSD Reward].

Step 2: Click [Buy] and indicate the amount of BFUSD you want to purchase.

Note: When there is insufficient BFUSD available for purchase, the [Buy] option will be changed to [Pre-Buy]. Click [Pre-Buy] to deposit USD stablecoin in advance. When the BFUSD amount is re-supplied, BFUSD will be added to your USDⓈ-M Futures Account equivalent to the pre-bought amount transferred. A minimum amount of 100 BFUSD is required for every Pre-Buy transaction. Binance reserves the right to cancel or refuse a pre-buy request at any time and for any reason.

Step 3: Accept the terms and conditions, then click [Confirm] to complete the purchase.

App

Step 1: Go to [Futures], tap [...], and select [BFUSD].

Step 2: Tap [Buy] and indicate the amount of BFUSD you want to purchase.

Note: When there is insufficient BFUSD available for purchase, the [Buy] option will be changed to [Pre-Buy]. Click on [Pre-Buy] to deposit USD stablecoin in advance. When the BFUSD amount is re-supplied, BFUSD will be added to your USDⓈ-M Futures Account equivalent to the pre-bought amount transferred. A minimum amount of 100 BFUSD is required for every Pre-Buy transaction. Binance reserves the right to cancel or refuse a pre-buy request at any time and for any reason.

Step 3: Accept the terms and conditions, then tap [Confirm] to complete the purchase.

Please note:

• BFUSD will be kept in the USDⓈ-M Futures Account. It cannot be withdrawn to other accounts or out of Binance, nor converted to other assets.
• Please enable multi-asset mode to make use of the BFUSD asset as Margin.
• The subscription limit for each user will vary depending on their individual VIP level. For more information, kindly refer to this FAQ: ‘What is BFUSD and How to Use it as Margin in Futures Trading’.

Purchases of BFUSD are subject to a Purchase Fee. The Purchase Fee is variable, and Binance has full discretion to adjust the Purchase Fee from time-to-time. The applicable Purchase Fee (if any) will be incorporated in the conversion quote displayed on the Platform prior to your confirmation of a purchase transaction. Please check the conversion quote before confirming your transaction.

The Purchase Fee is separate from the Redemption Fee (described in ‘How to redeem BFUSD for USD stablecoin?’).