Binance just launched tradable stock tokens Coinbase And Tesla on their webiste. Now users can buy or sell Tesla and Coinbase stocks with BUSD crypto currency on Binance platform.
It seems like you can only trade with stable BUSD coin, they haven't listed any other cryptocurrencies to trade with Tesla and Coinbase stock tokens.
The minimum trade amount is 0.01 Tesla and Coinbase stocks. Coinbase price looks lower than the BNB price, where as Tesla price seems to be kinda high compared nto BNB price.
They are showing last price for Coinbase stock token is $331 dollars, and the last price for Tesla stock token is $736 dollars.
How to buy Coinbase/Tesla Stock Token on Binanace?
Buying Telsa and Coinbase stock tokens is very simple, all you need to have is BUSD stable binance dollar. As of now you can only trade with BUSD. Just click on the 3 dots next to Tesla stock you will have a trade option as shown in the picture below, you will have an option to choose how many stocks you want to buy. Choose how many stocks you want to buy and trade it with your BUSD coin. That's it, you have purchased a Tesla or Coinbase stock token.
You can also sell it, they enabled both buying and selling options.
They also mentioned the risk involved in trading with these stock tokens. They mentioned these stocks tokens are offered by a German based company CM Equity AG and they said stocks tokens are not offered within the United States. Carefully read the instructions and information on Binance before you buy any of these stock tokens.
Conclusion : Now you can buy Tesla and Coinbase stock tokens on Binance using your BUSD stable binance dollar.
Hooray, buying stocks with crypto seems to be pretty easy and there are no hidden brokerage charges they mentioned on their website.
So if you want to buy Tesla or Coinbase stocks hop onto binance website or their app.
Yay! 🤗
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