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USDTHow does Tether compare to other USD stablecoins like BUSD?
A post by Lisa Cantin
STETH to BUSD: Convert and Swap Lido Staked Ether (STETH) to Binance-Peg BUSD (BUSD)
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How to Buy Lido Staked Ether (STETH) with Binance-Peg BUSD (BUSD)
To buy Lido Staked Ether using Binance-Peg BUSD, first, find a cryptocurrency exchange that supports the STETH/BUSD trading pair. Create an account, verify your identity, and deposit your BUSD into your exchange wallet. Locate the STETH/BUSD pair on the trading platform and place an order to exchange your Binance-Peg BUSD for Lido Staked Ether. If the STETH/BUSD pair is unavailable, you can first exchange Binance-Peg BUSD for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Lido Staked Ether. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
How to Sell Lido Staked Ether (STETH) for Binance-Peg BUSD (BUSD)
To sell Lido Staked Ether for Binance-Peg BUSD, first, find a cryptocurrency exchange that supports the STETH/BUSD trading pair. Create an account, verify your identity, and deposit your STETH into your exchange wallet. Locate the STETH/BUSD pair on the trading platform and place a sell order to exchange your Lido Staked Ether for Binance-Peg BUSD. If the STETH/BUSD pair is unavailable, you can first sell Lido Staked Ether for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Binance-Peg BUSD. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
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