Binance USD wallet

The best cryptocurrency wallet for your Binance USD coins

Secure your Binance USD assets with the most trusted hardware wallet. Cold storage wallets are encrypted devices that store your Binance USD tokens offline, providing a layer of security against the evolving threats emerging from being connected to the internet.
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What is BUSD?

Binance USD (BUSD) is a stablecoin pegged to USD with the US dollar. Stablecoins are cryptocurrencies compatible with blockchain-based instruments, but unlike other crypto assets, they offer the price stability of fiat currencies. This makes stablecoins like BUSD ideal for investors looking for a safe harbor for their funds within the digital assets ecosystem.

Binance USD is issued by Binance (the largest centralized exchange for cryptocurrencies to date) in partnership with Paxos, which maintains the reserves of US dollars in its bank accounts in the US. Binance USD is approved by the New York State Department of Financial Services (NYDFS), offering immense conviction to the integrity of the fiat assets backing the BUSD stablecoins.

BUSD is a fully fiat-collateralized custodial stablecoin. This means that for every unit of circulating BUSD on the blockchain, there is a dollar sitting in the US bank account of Paxos that offers it the required price stability.
This ensures BUSD will be available for direct purchase and redemption at a rate of 1 BUSD = 1 USD.

What is a BUSD wallet?

To store and manage Binance USD, you need a compatible crypto wallet. Whether you’re looking to keep your assets safe and HODL or manage them on a daily basis, Ledger has the right product for you.

Ledger hardware wallet

Ledger hardware wallet stores your private keys and signs transactions offline, making them resistant to malicious attacks and threats.

Ledger Live App

Ledger Live App is a gateway to managing your assets, staking and earning passive income, checking your real-time balance, tracking transaction histories, and more.

How to get a Binance USD wallet?

01

Get Ledger Nano

Select and purchase a Ledger hardware wallet of your choice. Beginner in the crypto world? Get started with Nano S Plus. Prefer a Bluetooth connection? Try with Nano X.

Get Ledger NanoCompare Ledger crypto wallet

02

Download and install what could be the best crypto app: Ledger Live

Download and install Ledger Live in a couple of clicks. Ledger Live is a app to buy crypto for desktop & mobile that enables you to set up a Ledger device and manage your coins.

Download Ledger Live

03

Add Binance USD to your portfolio

Install Binance USD on your Ledger Nano:

  1. Open Ledger Live and navigate to Manager.
  2. Connect and unlock your Ledger device.
  3. Search for Binance USD in the app catalog and click Install.

04

Create a Binance USD account in Ledger Live:

  1. Open Ledger Live and head to Accounts.
  2. Click Add account.
  3. From the drop-down menu select Binance USD.

You’re all set!

Buy, manage, and stake Binance USD at your fingertips

Ledger Live is your one-stop platform for smooth and complete asset management. With just a few clicks, you can buy, send/receive, (swap), and stake Binance USD to generate passive income. Buy, send/receive, swap, stake, and other crypto transaction services are provided by third-parties partners.

Buy BUSD

You can purchase Binance USD through our partners with a credit card or bank transfer. Binance USD will be automatically sent to your Ledger device.

  • Head over to Buy/Sell. – In the dropdown menu, select Binance USD and click Continue. – Choose one of the three payment providers—Coinify, MoonPay or Wyre—and follow the instructions.

Buy BUSD

Swap BUSD

Swapping allows you to test out different cryptocurrencies, protect assets from volatility, and diversify your portfolio. Through Ledger Live, you can swap one token for another without using fiat currencies.

  • Head over to Swap.
  • On the Exchange page, select the accounts that you want to swap.
  • Enter the desired amount and click Exchange.
  • Connect and unlock your Ledger device.
  • Follow the instructions to confirm the swap.

Swap BUSD

1

The best way to keep your Binance USD coins secure

Secure multiple assets, including Binance USD using a Ledger hardware wallet. Your private keys, giving access to your assets, remain safe in a certified secure chip.

Ledger Nano S

NEW

LEDGER NANO S PLUS

Protect your Binance USD assets with the first and only independently-certified Binance USD wallet on the market.

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Ledger Nano X

BEST SELLER

LEDGER NANO X

The Ledger Nano X is a Bluetooth enabled secure and CES award winning device that protect your Binance USD assets.

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Choice of 5,000,000+ customers

Bertil A.

5/5

In order to secure cryptocurrencies, Ledger is the perfect tool.

Kevin L.

5/5

Simply a very elegant peace of hardware, with a gorgeous UI in the app.

James P.

5/5

ALL is good, all legal resources bought was as specified and compliant, party on.

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Frequently Asked Questions

When you first buy asset, you’re issued with two keys: public and private.

  • A public key serves as an address that can be shared with other parties to perform transactions.
  • A private key represents a randomly generated number that signs transactions and protects your assets from malicious attacks. If it gets compromised or lost, you won’t be able to access your cold wallet to spend, withdraw, or transfer your cryptocurrencies.

To safeguard and keep track of your keys, you can use online or offline wallets. Online wallets, also known as hot wallets, store private keys on systems or devices that are connected to the internet. Hot wallets are easy and convenient to use, however, they come with several drawbacks. Besides being susceptible to attacks and a honeypot for hackers, with hot wallets, the custody of private keys is often entrusted to a third party such as a crypto exchange, which means you never have full control over your funds. The safer choice are specialized hardware wallets that store private keys offline. Stealing private keys from a hardware wallet would require physical access to the wallet and corresponding PIN or the recovery phrase. What’s more, with hardware wallet, you don’t need to rely on third party custodians.

Ledger Nano is the industry-leading hardware wallet. With more than five million customers, Ledger Nano wallets have several layers of security that protect private keys, and hence your assets:

  • Your private keys are stored on secure element chips.
  • A PIN code and a 24-word recovery phrase are required to access the wallet.
  • Ledger Nano wallets have been built using highly durable materials for protection against physical damage.

With full isolation between private keys and your computer/mobile, Ledger Nano crypto wallets keep your keys secure and give you complete control over your cryptocurrencies.

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