{"id":11396,"date":"2024-03-13T12:26:15","date_gmt":"2024-03-13T05:26:15","guid":{"rendered":"https:\/\/bitcoinvn.io\/news\/?p=11396"},"modified":"2024-04-10T19:50:24","modified_gmt":"2024-04-10T12:50:24","slug":"how-to-recover-my-busd","status":"publish","type":"post","link":"https:\/\/bitcoinvn.io\/news\/how-to-recover-my-busd\/","title":{"rendered":"How to recover my BUSD?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">BUSD, the Binance-backed and -issued US Dollar stablecoin, is scheduled to sunset in 2024.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-11397 size-full\" src=\"https:\/\/bitcoinvn.io\/news\/wp-content\/uploads\/2024\/03\/How-to-recover-my-BUSD.jpg\" alt=\"\" width=\"800\" height=\"171\" srcset=\"https:\/\/bitcoinvn.io\/news\/wp-content\/uploads\/2024\/03\/How-to-recover-my-BUSD.jpg 800w, https:\/\/bitcoinvn.io\/news\/wp-content\/uploads\/2024\/03\/How-to-recover-my-BUSD-300x64.jpg 300w, https:\/\/bitcoinvn.io\/news\/wp-content\/uploads\/2024\/03\/How-to-recover-my-BUSD-768x164.jpg 768w, https:\/\/bitcoinvn.io\/news\/wp-content\/uploads\/2024\/03\/How-to-recover-my-BUSD-696x149.jpg 696w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">If you have not been closely following recent developments and still hold a BUSD balance, you might be concerned about the future implications for your savings.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Now, the natural questions arise:<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><b>Are my BUSD lost?<\/b><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>How much time do I have left to avoid losing my funds?<\/b><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>\u2026and what is the best course of action to protect my cryptocurrency assets?<\/b><\/li>\n<\/ul>\n<h2><b>Are my BUSD lost?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">At the time of publishing this article, you still have the opportunity to convert your remaining BUSD into other crypto assets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While <\/span><a href=\"http:\/\/bitcoinvn.io\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">BitcoinVN<\/span><\/a><span style=\"font-weight: 400;\"> has already delisted all swap pairs related to BUSD in anticipation of its upcoming end, the Binance platform itself still allows for a one-way conversion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you need assistance navigating the conversion of your remaining BUSD and you are a client of the <\/span><a href=\"http:\/\/bitcoinvn.io\/otc\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">BitcoinVN OTC desk<\/span><\/a><span style=\"font-weight: 400;\">, we will be able to assist you in converting your remaining BUSD in a safe, privacy-preserving, and security-oriented manner.<\/span><\/p>\n<h2><b>How much time do I have left to take action?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">We highly recommend taking action sooner rather than later.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While no definite end date for BUSD convertibility has been announced, it could happen sooner than anticipated, making any conversion to more liquid assets significantly more difficult.<\/span><\/p>\n<blockquote><p><i><span style=\"font-weight: 400;\">&#8220;Lazy hands make for poverty, <\/span><\/i><i><span style=\"font-weight: 400;\">but diligent hands bring wealth&#8221;\u00a0<\/span><\/i><\/p>\n<p style=\"text-align: center;\"><strong>Proverbs 10:4<\/strong><i><span style=\"font-weight: 400;\">\u00a0<\/span><\/i><\/p>\n<\/blockquote>\n<h2><b>What is the best course of action in general to protect my cryptocurrency assets?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Besides the obvious point that it is not an intelligent move to keep assets with an uncertain future for the long term, keep in mind that a stablecoin&#8217;s redeemability is highly dependent on the situation of the issuer.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The stability you gain from holding your assets in stablecoins comes at the cost of introducing counterparty risk.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, you should aim to keep any funds you do not intend to utilize in the near term in proper cold storage and to control your own keys.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you are based in Vietnam, we have all the common tools available from <\/span><a href=\"https:\/\/shop.bitcoinvn.io\/product-category\/ledger\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Ledger<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/shop.bitcoinvn.io\/product-category\/trezor\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Trezor<\/span><\/a><span style=\"font-weight: 400;\">, to the more niche products of various Bitcoin-only hardware wallets for direct delivery from our warehouse in Vietnam.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BUSD, the Binance-backed and -issued US Dollar stablecoin, is scheduled to sunset in 2024. If you have not been closely following recent developments and still hold a BUSD balance, you might be concerned about the future implications for your savings. Now, the natural questions arise: Are my BUSD lost? How much time do I have [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":11398,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9194],"tags":[],"class_list":["post-11396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bai-seo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to recover my BUSD? - BitcoinVN News<\/title>\n<meta name=\"description\" content=\"BUSD, the Binance-backed and -issued US Dollar stablecoin, is scheduled to sunset in 2024. Are my BUSD lost? 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