Topic: Best stable coin when selling crypto? - page 2. (Read 930 times)
I believe it's USDT and use the TRC20 one. It's quite efficient when it comes to gas fees and faster than ERC20.
USDT is my favorite and trusted stable coin of all time. It's at #4 at CMC with market cap of 39 billion usd. You can find it on almost all popular exchanges and its has large community compared to any other stable coin.
Indeed, USDT is the most trusted stable coin in cryptocurrency, but we have the option to use which blockchain.
Better don't use ERC20 USDT because the gas fee on Ethereum blockchain is high, using TRC20 USDT on Tron blockchain is the best for me.
I prefer to usdt, which exchange rate is the same as the dollar currency and that can make it easier for me to monitor the development of usdt tokens..
And that's not all the reason,usdt has become the largest crypto section today, all markets have displayed and offered usdt buying and selling..
And that's not all the reason,usdt has become the largest crypto section today, all markets have displayed and offered usdt buying and selling..
USDT is my favorite and trusted stable coin of all time. It's at #4 at CMC with market cap of 39 billion usd. You can find it on almost all popular exchanges and its has large community compared to any other stable coin.
Both USDT and BUSD is so good. But I think overall USDT is good and more popular and uses by every trader. You can exchange your coin to USDT in most of the exchanger. But you can't convert your coin to BUSD in only Binance platform. Also USDT withdraw fee is low and transaction fee is low. So this is more preferable.
For that reason, I think most Binance users prefer Binance USD while other traders who don't use Binance would more prefer Tether USD. I don't think any of them is better than the other because both the coins serve the same purpose and only trust might be the difference and for that part, I trust Binance more than Tether.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.
Tether has a bigger volume too and hence a more packed market. Traders are used to of trading in USDT and hence they don't want to change it unless they face some problems.I do use USDT sometimes because not everywhere BUSD is accepted, but nowadays I have moved to TRC-20 chain because of the high transaction fees on the ERC-20 chain.
Most traders prefer to trade USTD,
what about XHV project and xUSD based on Monero blockchain, this seems interesting stable coin?
The massive one is USDT but the fees you paid if you use ethereum network is so expensive, so you can not do micro transaction with usdt erc 20, if you want to do micro transaction i suggest BUSD wich used Binance smart chain ( gas fees relayively 10x cheaper when you use BSC )
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.
best stable coin? both are good, be it USDT or BUSD, but BUSD can only be traded on Binance exchange, because BUSD is a stable coin from Binance, compared to USDT, you can use USDT on all exchanges, yes if you want to hold it's better indeed USDT,
however if you really love Binance then BUSD is a great choice, as you can get other features
In the process of withdrawing to the BANK, it all depends on the respective currencies. If you are American then USDT is the right choice to transfer to your bank account. and if you are an Indian, Vietnamese or any other country, it must be converted into your country's currency, then it can be sent to a your account bank
I think USDT is better. because for me it is easier to exchange with my currency, where if I use BUSDt I have to change to USDT and then to my fiat money, it will cost too much
In order to exchange BUSD for USDT, you will need to pay a commission on the purchase, which is only 0.0001%. Thus, for 1000 BUSD, the commission will be 10 cents, which can not be considered a big waste. But with BUSD, you can participate in various incentive programs for holders of this coin on the Binance, while receiving passive income.
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.
Everyone has their own choice, I guess some of people might choose BUSD since they are probably traders on binance, well for me I prefer changing my crypto to USDT, cause its popular and that's what I use when trading P2P, also I like USDT cause it's the most widely used stablecoin, another cool part about it is that it runs on two blockchains Ethereum and tron, since gas fees are quite high on eth network now, I bet TRC-20 USDT will be used more than ERC20 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.
Everyone has their own choice, I guess some of people might choose BUSD since they are probably traders on binance, well for me I prefer changing my crypto to USDT, cause its popular and that's what I use when trading P2P, also I like USDT cause it's the most widely used stablecoin, another cool part about it is that it runs on two blockchains Ethereum and tron, since gas fees are quite high on eth network now, I bet TRC-20 USDT will be used more than ERC20 USDT. 
I think USDT is better. because for me it is easier to exchange with my currency, where if I use BUSDt I have to change to USDT and then to my fiat money, it will cost too much
When selling crypto currency, the safest way is to sell it in a stable coin pair, of course the choice is USDT,
because USDT is the largest pair in all crypto currency markets, whether or not it is safe, clearly safe, don't worry,
because USDT is not a bad project, its market capitalization is also very high, it is already in the top 5 coinmarketcap,
yes one of the best stable coins in the crypto world.
because USDT is the largest pair in all crypto currency markets, whether or not it is safe, clearly safe, don't worry,
because USDT is not a bad project, its market capitalization is also very high, it is already in the top 5 coinmarketcap,
yes one of the best stable coins in the crypto world.
It seems to me that the principle of operation of all stable coins is approximately the same, everyone has their own favorite coin and their favorite stable coins. Many believe that, for example, fixing profits in the same USDT is not profitable and even dangerous. And they use the usual dollar for fixing, believing that it will be safer and more reliable this way.
Everyone has their own methods and favorite options. USDT has a lot of fans, but recently people have started actively use BUSD.
Everyone has their own methods and favorite options. USDT has a lot of fans, but recently people have started actively use BUSD.
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.
Everyone has their own choice, I guess some of people might choose BUSD since they are probably traders on binance, well for me I prefer changing my crypto to USDT, cause its popular and that's what I use when trading P2P, also I like USDT cause it's the most widely used stablecoin, another cool part about it is that it runs on two blockchains Ethereum and tron, since gas fees are quite high on eth network now, I bet TRC-20 USDT will be used more than ERC20 USDT. 
I would go for USDT, OP.
Though I would advise not to hold USDT for too long as many users already mentioned that USDT can be frozen and that ain't good for anybody's end when it happened in their trades.
The best stablecoin ones can use depend on the exchange site you trading on because liquidity and trade volume need to be put into consideration but I somehow like the USDC and BUSD. However, all centralized stablecoin can be freeze not only USDT but the issue with USDT is that the project foundation was not base on genuine that's the reason why they hard issue with the New York attorney and I read that USDT is currently not allowed to trade within the NY region. Though I would advise not to hold USDT for too long as many users already mentioned that USDT can be frozen and that ain't good for anybody's end when it happened in their trades.
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.
Recently i switched from USDT to UDSC both are on the Ethereum Network and USDT is still the more popular stablecoin but recently there are emerging more and more news and fears from users that UDST is not backed 1 to 1 by real dollars anymore.
They always said 1 USDT is backed by 1 real USD but in 2019 they changed their wording into "we have enough reserves to cover every Tether printed. But we can not verify those reserves.
...I believe almost every trader make use of USDT becuz it is available on almost every crypto exchange, but I can't say the same for BUSD which is only listed on Binance exchange now, maybe exchanges will consider listing it when the demand for it grows.
You are wrong, BUSD is not only traded on the Binance. To see where BUSD is represented, you need to go to https://coinmarketcap.com/currencies/binance-usd/markets/ and at the very bottom of the page, click on "Load More" to see the entire list. In addition, BUSD is indispensable in the Binance Smart Chain.
For me, the best stablecoin is Bitcoin, Litecoin, Ethereum. And I have already sold coins and withdrawn them to bank accounts many times. So this operation is very simple and doesn't require a lot of skill to use it. And it is also quite easy to buy cryptocurrency on the exchange and sell or exchange it for another cryptocurrency.
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