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To deposit funds into your HitBTC account, please go to your “Account” page, generate and copy your address and use it to originate a transaction at an external service you’re using to hold your money. No, you don8217;t have to have a bank account in order to buy Bitcoins. There are a variety of methods to buy Bitcoins without a bank account. In the redemption process, the exchange has to burn the BUSD tokens that represent the amount of US Dollars you wish to withdraw to maintain a 1:1 ratio of all outstanding BUSD tokens in circulation. when will the crypto market go back up is a similar process done when depositing USD to your exchange account. Binance will automatically issue BUSD tokens on a 1:1 ratio to match your deposit amount. Circle has partnered with top-tier banks to help clients move in and out of crypto positions. Every Circle customer who banks with Silvergate’s SEN, and soon, Signature Bank’s Signet can mint and redeem USDC transactions in real-time 24 hours a day, 365 days a year.