USD Coin (USDC) and Binance USD (BUSD) are two of the most widely-used, fiat-backed stablecoins in the crypto market. The former was launched in 2018 and was issued by Coinbase and Circle, while the latter was launched in 2019 and was issued by Binance and Paxos.
USDC and BUSD are pegged to the U.S. Dollar and have greater transparency as compared to fellow stablecoin Tether (USDT).
Why Do Users Swap USDC for BUSD?
It may seem odd for users to swap one stablecoin for another stablecoin. But USDC holders sometimes swap their assets for BUSD to buy tokens that can only be bought through the BNB Chain network or any other network that isn’t compatible with USDC.
They may also swap USDC for BUSD to stake the latter, buy something that can only be bought using BUSD, or pay someone that prefers to receive payments in BUSD.
Where to Swap USDC for BUSD?
You can swap crypto on various financial technology (FinTech) and crypto platforms, such as exchanges, crypto wallets, swapping sites, crypto payment apps, etc. Individuals choose a platform based on several factors though which may include the platform’s ease of use, swapping costs, the time it takes to complete a swap, security, and availability in their region.
What Are the Two Swap Features on Ka.app?
Ka.app, an easy-to-use crypto app for beginners, allows you to swap crypto in two different ways. The first one is by quickly swapping one crypto for another through the Swap feature. The second one is by automatically converting the crypto payments you receive to your preferred cryptocurrency through the Easy Swap Engine. This means if another user sends you USDC but you prefer to receive it in BUSD, you can enable the Easy Swap feature to automatically receive USDC payments (or other currencies) in BUSD.
USDC Coin to Binance USD Swapping Guide Using Ka.app
Below are the step-by-step guides on how you can swap USDC for BUSD using Ka.app’s Swap and Easy Swap Engine feature.
1. Swap Feature
2. Easy Swap Engine
How Much Are Crypto Swapping Fees on Ka.app?
It depends. Users who lock up KASTA tokens on the app enjoy discounted swapping rates. The more tokens they’ve locked up, the better swap fee rates they enjoy. The lowest swap rate available as of writing is 0.376%, while the standard swapping fee for regular users is 2.504% of the amount of tokens they’ve swapped
How Long Does it Take to Swap Crypto on Ka.app?
You can swap crypto on Ka.app, whether through the Swap feature or the Easy Swap Engine, almost instantly or in just a few seconds.
Conclusion
Swapping USDC for BUSD is quick and easy on Ka.app. It only takes a few clicks, and it’s also inexpensive, especially when you’ve locked up tokens on the app. Aside from USDC and BUSD, Ka.app also accepts Binance Coin (BNB), Bitcoin (BTC), Ethereum (ETH), KASTA, Polygon (MATIC), and USDT.
Download Ka.app to experience easy crypto swapping or start sending crypto for free.
FAQ
What is a stablecoin?
A stablecoin is a type of digital currency that mirrors or pegs its value to another stable asset, such as gold or fiat currency like the Euro. Stablecoins serve as more stable alternatives amidst the highly volatile crypto market, and they also make keeping gains or preserving assets easier.
Is it safe to use Ka.app for swapping crypto?
Yes. Ka.app values the safety and security of its users. The company conducts thorough Know Your Customer (KYC) verifications for sign-ups to prevent money laundering, fraud, or any other illegal financial activities. In addition, you won’t be able to log in to the app and confirm transactions without a pin code. This also helps avoid unauthorized usage of funds and hacking.
Is there a swapping limit on Ka.app?
None. Users can swap as many tokens as they like using Ka.app.
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