Get BNB & BUSD
Last updated
Last updated
BNB is short for Binance Coin, a cryptocurrency created by Binance, the largest cryptocurrency exchange (by volume) in the world. BNB is used by traders to get discounts on their trading fees and it has other benefits.
On Xend Finance, BNB is used as the currency for paying gas fees. The gas fee is the fee or pricing value that is required to successfully conduct a transaction or execute a contract on the blockchain platform.
You can easily get BNB and BUSD to use on Xend Finance by buying them from platforms like Binance.
Create an account on Binance and complete the verification steps. Open https://binance.com/ or open https://accounts.binance.com/, directly to create an account or to login. If you already have an account with Binance, this process of getting BNB and BUSD will be familiar to you.
If you successfully created your account, you should see something resembling the screenshot above.
From this screen you can directly go ahead to buy BNB or / BUSD from the options available, using the accepted payment methods for your country. This could be either Card, Bank Transfer, Mobile Money, or P2P transfers.
After you have successfully bought BNB and BUSD on Binance, you can transfer BNB or BUSD to your Metamask wallet address for use on Xend Finance. Open the withdraw page on Binance and fill in the withdrawal form.
Copy your wallet address from Metamask, and fill in the withdrawal form.
Choose the Coin to transfer to your Metamask wallet, which will be BNB, BUSD. Choose Binance Smart Chain (BSC) as the network, and enter the amount to transfer to your wallet.
If the transfer is successful, the amounts will be reflected in your Metamask wallet, and you can go on using Xend Finance to save your funds.
BNB is short for Binance Coin, a cryptocurrency created by Binance, the largest cryptocurrency exchange (by volume) in the world. BNB is used by traders to get discounts on their trading fees and it has other benefits.
On Xend Finance, BNB is used as the currency for paying gas fees. The gas fee is the fee or pricing value that is required to successfully conduct a transaction or execute a contract on the blockchain platform.
To start making transactions on Xend Finance Testnet, you need to have some BNB in your wallet for gas fees.
To get BNB, click on “Get BNB” on the top right of the website, it will open the Binance Smart Chain Faucet on a different tab on your browser.
Go to the tab where Xend Finance is opened, click on the MetaMask extension icon on the browser and copy your connected wallet address from the MetaMask modal.
Back to the browser tab where Binance Smart Chain Faucet is opened, paste the wallet address you just copied in the input and click the Give me BNB select button to choose the amount to be sent to the wallet address you pasted. If it is successfully done, the amount should reflect on your MetaMask wallet balance.
BUSD is a U.S.-regulated stablecoin, fully backed by the U.S dollars. 1 BUSD is equal to 1 USD. BUSD offers a faster way to fund trades and it is acceptable as a medium of exchange, store of value, and method of payment across the global crypto ecosystem.
You need BUSD to be able to make use of the features and functions on Xend Finance.
To get some for use on testnet.xend.finance, make sure you have sent BNB to your wallet, then click the Get BUSD button on the top right corner of the header of the application.
NB: Please make sure you have some BNB in your wallet before you can receive BUSD
You should have received some BUSD in your wallet but, you might not see it yet if you have not added the BUSD token to your wallet on MetaMask.
To see the BUSD token balance you going to add the token to your wallet.
Copy this address 0x3b1F033dD955f3BE8649Cc9825A2e3E194765a3F (Please note that this address is just for the testnet) this is the Token Contract address. You'll be pasting it in the Token Contract Address input field.
Next, open the MetaMask modal click on Add Token, and click on the Custom Token tabs, then paste the address you copied earlier in the 'Token Contract Address' field.
