VPS hosting

with Binance USD

In the vast world of cryptocurrency, there is a great diversity of all possible coins which are distinguished by their specificity when it comes to such aspects as the blockchain network, exchange rate, and price formation. At Crypto-VPS you can pay with various cryptocurrencies depending on your particular preferences. Among many possible options, Binance USD is particularly worth our attention, being a stablecoin, i.e. a coin the value of which is pegged to the fiat currency of the same name, which is released by and runs over the blockchain network of Binance – a popular and reputable cryptocurrency exchange. Let’s have a look, at why Binance USD coin is a real thing and may be exactly what your business needs.

What is BUSD?

Binance USD or just BUSD is a stablecoin whose value is pegged to one of the actual US dollars. It is issued by the Binance exchange platform on Binance Smart Chain and is one of the multiple coins that you can use to buy yourself a hosting plan on Crypto-VPS. Why you might prefer BUSD over other coins available? Let’s explore.

Why opt for Binance USD?

Stability: The term stable coin is self-explanatory. The currency’s value is pegged to some real-world currency and oscillates correspondingly. This removes the volatility factor that is often associated with cryptocurrencies and allows you to explore the benefits of cryptocurrencies without constantly monitoring their exchange rates.

Lower transaction costs: More generally, as a cryptocurrency, BUSD is associated with lower transaction costs if compared to traditional fiat currency payment methods. Compared to some other cryptocurrencies, BUSD transactions on the Binance Smart chain have in turn relatively low transaction fees.

Global accessibility: BUSD, like any other cryptocurrency, operates based on a decentralized network, which makes it accessible to users regardless of their physical location on the globe. Even if there are certain difficulties in using traditional payment methods in your region, or the fees appear too high, you can feel free to pay with Binance USD no matter where you are.

Quick transactions: Many cryptocurrencies, and BUSD is no exception, provide extremely quick transactions, again due to their decentralized nature. No matter where you are and what the specificity of banking systems in your country, your transaction will be processed within just a few minutes. So, upon making up your mind about the hosting plan you won’t have to wait long until being able to enjoy reliable quality hosting.

Security: Of one the main perquisites of blockchain networks is the security and transparency of transactions. Binance Smat Chain is a blockchain platform built for smart contracts. It employs a consensus mechanism under the name Proof of Staked Authority (PoSA), that is based on a set of validators responsible for confirming and validating transactions. The decentralized nature of blockchain, in turn, almost excludes the possibility of a single point of failure.

Privacy: Privacy is one of the main reasons you might be willing to use Bitcoin. Your crypto wallet is not connected directly to your personal information, so there are no institutions able to constantly monitor your financial transactions.

A way to embrace cryptocurrencies: Given that the current state of affairs in the realm of cryptocurrencies is pretty complex, a stablecoin like Binance USD may be a good point to start. You won’t have to be constantly studying the specificities and the dynamics of the market. You can use the currency just as you would regular fiat USD while benefiting from the speed, security, reliability, and privacy provided by blockchain.