Disclaimer: In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
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.
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.
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:
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?’).
Step 1: Login to your Binance Account and go to [Futures] - [BFUSD Reward].
Step 2: Click [Redeem] and indicate the amount you want to redeem.
Note: When there is insufficient USD stablecoin available for redemption, the [Redeem] option will be changed to [Pre-Redeem]. Click [Pre-Redeem] to deposit BFUSD in advance. When the USD stablecoin amount is re-supplied, USD stablecoin will be added to your USDⓈ-M Futures Account equivalent to the pre-redeemed amount transferred. Binance reserves the right to cancel or refuse a pre-redeem request at any time and for any reason.
Step 3: Accept the terms and conditions, then click [Confirm] to complete the redemption.
Step 1: Go to [Futures], tap [...], and select [BFUSD].
Step 2: Tap [Redeem] and indicate the amount you want to redeem.
Note: When there is insufficient USD stablecoin available for redemption, the [Redeem] option will be changed to [Pre-Redeem]. Click on [Pre-Redeem] to deposit BFUSD in advance. When the USD stablecoin amount is re-supplied, USD stablecoin will be added to your USDⓈ-M Futures Account equivalent to the pre-redeemed amount transferred. Binance reserves the right to cancel or refuse a pre-redeem request at any time and for any reason.
Step 3: Accept the terms and conditions, then tap [Confirm] to complete the redemption.
Once redeemed, your BFUSD will be deducted from your USDⓈ-M Futures Account, and Binance will credit USD Stablecoin (net of fees) back to your USDⓈ-M Futures Account.
Redemptions of BFUSD are subject to a Redemption Fee. The Redemption Fee is variable, and Binance has full discretion to adjust the Redemption Fee from time-to-time. The applicable Redemption Fee (if any) will be incorporated in the conversion quote displayed on the Platform prior to your confirmation of a redemption transaction. Please check the conversion quote before confirming your transaction. Binance has the right to restrict or delay redemptions for up to 7 days at its discretion. High redemption requests may cause temporary shortages in USD Stablecoin balances for BFUSD. The global daily net redemption limit is 50 million USDT and 10 million USDC, and may be adjusted from time-to-time.
The Redemption Fee is separate from the Purchase Fee (described in ‘How to buy BFUSD?’).