Selling BUSD (Binance USD) doesn’t have to be complicated — especially when you're using a user-friendly crypto exchange like Tokocrypto. As one of the most trusted digital asset platforms in Indonesia, Tokocrypto allows users to seamlessly convert BUSD into rupiah and withdraw funds directly to local banks or e-wallets. Whether you're new to crypto trading or looking to cash out your stablecoin holdings, this step-by-step guide will walk you through everything you need to know about selling BUSD on Tokocrypto.
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Why BUSD Stands Out Among Stablecoins
BUSD is a regulated stablecoin launched in 2019 by Binance in partnership with Paxos Trust Company. Pegged 1:1 to the US dollar, BUSD offers stability in an otherwise volatile cryptocurrency market. This makes it a preferred choice for traders who want to lock in profits without exiting to fiat immediately.
One of BUSD’s key advantages is its multi-chain compatibility. It operates across major blockchains including Ethereum, Binance Chain, and Binance Smart Chain (now known as BNB Smart Chain), enabling fast and low-cost transfers.
Compared to other stablecoins like USDT (Tether), BUSD is often seen as more transparent due to regular audits and regulatory compliance. After the Terra Luna crash in 2022, many investors shifted toward more reliable stablecoins — making BUSD increasingly popular among Indonesian traders.
Additionally, BUSD enjoys strong liquidity and broad adoption across global exchanges. Its integration with platforms like Tokocrypto ensures users can easily trade or cash out their holdings with minimal friction.
Step-by-Step: How to Sell BUSD on Tokocrypto
Before you begin selling BUSD, ensure your Tokocrypto account is fully verified and you have a wallet address ready. Here’s how to proceed:
1. Access Your Tokocrypto Account
Log in to your Tokocrypto app or website. Make sure two-factor authentication (2FA) is enabled for added security.
2. Navigate to the Wallet Section
Click on the Wallet icon located at the bottom right corner of the screen.
3. Locate BUSD in Your Balance
Search for BUSD in your asset list. If you don’t see any balance yet, you’ll need to deposit BUSD first.
4. Deposit BUSD (If Needed)
- Tap Deposit next to BUSD.
- Select the BEP20 (BSC) network for faster and cheaper transactions.
- Copy the provided wallet address.
5. Transfer from Your Personal Wallet
- Open your external wallet (e.g., Trust Wallet, MetaMask).
- Select BUSD, then choose Send.
- Paste the copied Tokocrypto deposit address.
- Enter the amount you wish to transfer.
- Confirm the transaction.
Once confirmed, it typically takes just a few minutes for the funds to appear in your Tokocrypto wallet.
6. Verify the Deposit
- Return to Tokocrypto.
- Refresh the page or pull down to update.
- Check your wallet balance under BUSD.
- If the amount reflects correctly, your deposit was successful.
Converting BUSD to Rupiah (BIDR)
Now that your BUSD is in your Tokocrypto account, you can convert it into Indonesian Rupiah using the BIDR trading pair.
Steps to Sell BUSD for BIDR:
- Go to the Markets section.
- Search for the BUSD/BIDR trading pair.
- Click on Sell.
- Choose Market Order to execute the sale instantly at the current market price.
- Enter the amount of BUSD you want to sell.
- Review the estimated BIDR amount you’ll receive.
- Confirm the order.
After execution, the equivalent rupiah value will be credited to your BIDR wallet within seconds.
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Withdrawing Rupiah to Your Local Bank
Once your BUSD has been converted into BIDR, you can withdraw the funds directly to your Indonesian bank account.
Withdrawal Process:
- From the dashboard, select Withdraw under BIDR.
- Choose your linked bank and account.
- Enter the withdrawal amount (minimum: IDR 100,000).
- A flat fee of IDR 5,500 applies per transaction, regardless of bank.
- You’ll receive an OTP (One-Time Password) via SMS or email.
- Enter the verification code to confirm.
- Wait for processing — usually completed within minutes.
⚠️ Note: Due to cryptocurrency price fluctuations, always verify that your converted BIDR balance meets the minimum withdrawal threshold before initiating a transfer.
Essential Tips for Selling BUSD Safely
To ensure smooth and secure transactions on Tokocrypto, keep these best practices in mind:
✅ Complete KYC Verification
As mandated by Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti), all users must complete Know Your Customer (KYC) verification. Prepare valid ID documents such as KTP, proof of address, and a clear selfie holding your ID.
✅ Beware of Scams
Never share your login credentials, private keys, or OTPs with anyone. Scammers may impersonate customer support or send fake links via social media. Always access Tokocrypto through official channels only.
✅ Double-Check Wallet and Bank Details
Cryptocurrency transactions are irreversible. Before sending BUSD or withdrawing rupiah, carefully review:
- Wallet addresses (copy-paste instead of typing manually)
- Bank account numbers
- Recipient names
Even a single incorrect character can result in permanent loss of funds.
✅ Monitor Minimum Withdrawal Rules
Tokocrypto enforces a minimum withdrawal of IDR 100,000. If your balance drops below this due to market movement after conversion, you won’t be able to withdraw until you add more funds.
Frequently Asked Questions (FAQ)
Q: Can I sell BUSD directly for cash on Tokocrypto?
A: Yes. By converting BUSD to BIDR and withdrawing to a linked bank account, you effectively turn your stablecoin into Indonesian Rupiah.
Q: Is there a fee for selling BUSD on Tokocrypto?
A: Trading fees apply when converting BUSD to BIDR (typically a small percentage). Additionally, a flat IDR 5,500 fee is charged for each bank withdrawal.
Q: How long does it take to receive money in my bank account?
A: Most withdrawals are processed within minutes during business hours. Delays may occur during peak times or system maintenance.
Q: Can I use DANA to withdraw my funds?
A: Yes! Tokocrypto supports withdrawals not only to banks but also to e-wallets like DANA, offering greater flexibility for users.
Q: What happens if I send BUSD using the wrong network?
A: Using an incorrect network (e.g., ERC-20 instead of BEP20) may result in lost funds. Always match the deposit network with your sending wallet’s blockchain.
Q: Do I need ID verification to sell BUSD?
A: Yes. Full KYC verification is required to trade and withdraw funds on Tokocrypto, in compliance with Indonesian financial regulations.
With rising adoption of digital assets in Indonesia, platforms like Tokocrypto make it easier than ever to participate in the crypto economy — from buying and selling coins to cashing out securely.
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