USDT or BUSD? I never really sold and withdrew any crypto before. Just wondering what most people do on here when selling and tranfering to their bank accounts.
Actually recently Ethereum and bitcoin network fees is so high that traders can't perform Ethereum or bitcoin network fees withdraw. So I always convert my all ERC 20 and BTC into stabled coin (USDT TRC20 and BUSD BCS ) where network fees are so low . 
Topic: Best stable coin when selling crypto? (Read 913 times)
USDT or BUSD? I never really sold and withdrew any crypto before. Just wondering what most people do on here when selling and tranfering to their bank accounts.
USDT I do a lot with that. because in my opinion using USDT can be used as the easiest option for investment, although BUSD can also be the case, but USDT provides comfort for myself. 
USDT or BUSD? I never really sold and withdrew any crypto before. Just wondering what most people do on here when selling and tranfering to their bank accounts.
I prefer USDT because it is widely accepted, almost all exchanges accept it, and it is available on different blockchains too. I mostly use Trc20 usdt because of zero fee. Even exchanges deduct very low fee while withdrawing TRC20 usdt.
I haven't used busd to sell or buy crypto but I am sure many will agree with me that usdt is the preferred stable coin.
Even binance has low liquidity for busd.
Traders prefer using USDT over BUSD but the truth there is That the two coins are both stable coins and are very good, USDT is more popular and is listed in many exchanges than BUSD and also USDT is more preferable because of its popularity, traders find USDT pairs more convenient in trading than any other stable coins.
Both of them are quite centralized, one of them is tied to a company called Tether and the other is Binance, and both of them are used a lot as well. My question is, how well do you know Tether? Do you know the CEO? Do you know what they do? Where the money is? I can tell you that Binance is obvious, we have CZ , we know the cold storage, basically we have data about them.I dislike centralized currencies, it is the reason why I am not in fiat and I am in crypto instead, but if I had to pick a centralized stable coin I would pick BUSD because at least we know the data for that one, we have some information about it, that's why I always care for that over any other ones like usdc or tusd or usdt, all of them look like just people trying to make money and nothing more whereas BUSD looks like a way to keep the customers instead of losing them to others.
These are just two coins of different blockchains, many choose this BUSD because the commission on the Ethereum blockchain is too high to send their money from there
There other stable coins too and they are not only two stable coins that we have.If you are going to search for stable coins, there are also Usdc, Dai, Gusd and other that are pegged in Usd and also Euro as far as I've remember.
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Well, I think it depends on the country you are in, but generally, I think DAI is the best stable coin because it's the most decentralized, after that, or maybe if Dai is not listed in your local exchange, you can for with USDC, it's the next best stable coin in my opinion, but like I said initially, it depends on the country you are in and what your local exchange lists, cus here in my country, we can easily withdraw in bitcoin, Ethereum, ripple, tron, bitcoin cash, usdt, and several others, we don't have to convert to stable coin before withdrawing to our local bank account, it's that easy over here.
These are just two coins of different blockchains, many choose this BUSD because the commission on the Ethereum blockchain is too high to send their money from there
In the market there are a lots of stable coin available. But I think most popular among them is usdt. I am using usdt for a long time. I know many people don't trust usdt but it's work fine for me. I still use usdt when it's neede. The reason I started to avoid usdt for a bit cause the fees. It's too high but after usdt(trc) came it's now okay. Now abdays I am using busd and ust a bit much. And i think 3 of them is gone m I never faced any kind of issues.
USDT or BUSD? I never really sold and withdrew any crypto before. Just wondering what most people do on here when selling and tranfering to their bank accounts.
Although BUSD has passed $100 million market cap but still it lags behind its competitor Tether or USDT.BUSD is in its development stage as agreed between Binance and paxos in 1:1 and is available only on Binance exchange at this time.They have developed this coins on Ethereum blockchain as stablecoins are built on because crypto/fiat pair is not available on Binance and its best option to trade with them.But if you are looking for best option then you must prefer USDT due to its vast benefits and strong team development behind the project and easy to find on other exchanges. As you know, USDT is no.4 in coinmarketcap in rank wise, but BUSD is low rank than USDT. Most users using USDT to transfer funds to banks or in other exchanges because USDT is available for trading on every exchange, and you can use TRC20 USDT due to low fees even no fees for withdrawing funds instead of ERC20 USDT.
This is what makes USDT in the 4th CMC ranking and with a large volume ..I am always more interested in storing crypto assets in USDT if I want to take a break from my trading routine ... as it saves quite a bit of risk compared to other cryptos.
USDT or BUSD? I never really sold and withdrew any crypto before. Just wondering what most people do on here when selling and tranfering to their bank accounts.
Doesn't matter, both are pegged to USD.
However, if you choose to use Binance card, then you'll notice it only supports BUSD (yes, monopolizing it, but hey...it's still a dollar)
Yes, I think more and more use USDT as it is on all exchanges and services and all use it just out of habit.Busd is more suitable for binance,as they put an emphasis on it.
Like other people who follow this discussion, I also take USDT over BUSD, you can exchange your usdt to any crypto for it has it's own pairing in the crypto exchanges. Unlike busd that exclusive only in Binance platform and only listed on selected exchanges. But take note: both of them are worth investing.
I am one of those who often use stable coins to save the capital I have for trading, because stable coin is not affected by volatile crypto market.
But until now the stable coin that I often use is USDT, because apart from including the top 5 cryptocurrencies. USDT is also listed on most of
the existing exchanges, this means that the popularity of USDT is the highest compared to other stable coins. Then when compared to BUSD,
I still prefer USDT. It's not that BUSD is bad, but I have been using USDT for a long time. And using USDT it is easier for me to move my coins
from one exchanges to another exchanges, because USDT is very popular and it is listed on almost all exchanges.
But until now the stable coin that I often use is USDT, because apart from including the top 5 cryptocurrencies. USDT is also listed on most of
the existing exchanges, this means that the popularity of USDT is the highest compared to other stable coins. Then when compared to BUSD,
I still prefer USDT. It's not that BUSD is bad, but I have been using USDT for a long time. And using USDT it is easier for me to move my coins
from one exchanges to another exchanges, because USDT is very popular and it is listed on almost all exchanges.
USDT or BUSD? I never really sold and withdrew any crypto before. Just wondering what most people do on here when selling and tranfering to their bank accounts.
i always sell my coins in usdt pairs, so, my profit will be in usdt my friend
then when i want to send it to my local exchange the fee is cheaper mate, because i use trc20 network to send my usdt
USDT or BUSD? I never really sold and withdrew any crypto before. Just wondering what most people do on here when selling and tranfering to their bank accounts.
They don't have much difference honestly, if you use Binance it's logical to stay in BUSD, other than that you can use USDT, DAI, VAI or anything else, all stablecoins are same. They are just on different platforms and/or chains.
If I switch my position to USD then I sure split my money into BUSD/DAI and do staking and earn some interest for that. There are a lot of platforms that you can do this and earn interest. It's better than staying in fiat currency.
yes, now more traders and investors are also using USDT on the TRC20 network. as you said it is more cost-effective and faster. TRC20 and BSC seem to have become a solution to what ethereum is experiencing.
I don't think if there will be more projects that will switch networks due to the issue of GAS transaction costs in the ethereum chain.
of course the ethereum platform continues to experience constraints at high cost. chances are what you say will happen, that other platforms will prepare their strategies to take the opportunity. because the costs made by the ethereum paltfom have not yet been significantly improved, even though it is reported that there will be changes in July.I don't think if there will be more projects that will switch networks due to the issue of GAS transaction costs in the ethereum chain.
Of course, a long period of time will make other platforms try to be able to provide alternatives so that they can be used as a substitute means of payment. because it can reduce the price that frightens everyone, not only the bounty recipient but until the project owner also experiences it so that payments are delayed waiting for the value to fall.
Talking about USDT the dollar equivalent to bitcoin. It is the most stable coin traded on binance and it makes exchanges with binance more accurate with much approximity or causing difficulties in conversion. Although am not too certain but I think this is only available on binance. Am still doing some more research to know if its open to all exchangers
As you know, USDT is no.4 in coinmarketcap in rank wise, but BUSD is low rank than USDT. Most users using USDT to transfer funds to banks or in other exchanges because USDT is available for trading on every exchange, and you can use TRC20 USDT due to low fees even no fees for withdrawing funds instead of ERC20 USDT.
I believe it's USDT and use the TRC20 one. It's quite efficient when it comes to gas fees and faster than ERC20.
yes, now more traders and investors are also using USDT on the TRC20 network. as you said it is more cost-effective and faster. TRC20 and BSC seem to have become a solution to what ethereum is experiencing.I don't think if there will be more projects that will switch networks due to the issue of GAS transaction costs in the ethereum chain.
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