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Topic: Best stable coin when selling crypto? - page 3. (Read 930 times)

full member
Activity: 783
Merit: 108
March 17, 2021, 04:23:14 AM
#69
If you like to lessen transaction fee and will be trading mostly on Binance or smartchain BUSD is the best choice, USDT is best when your trading on uniswap and other centralize exchangesl.
You should use binance based dexs to feel if what you say is still true or not. I hate using stable on DEX, BUSD uses only benefit services from Binance. My personalities are not so important because stable for me is not very volatile so that we can worry about fees or similar matters. All stable coins are to me the same, as if they were guaranteed a large amount of liquidity in the market.
legendary
Activity: 1694
Merit: 1003
March 17, 2021, 02:57:10 AM
#68
If you like to lessen transaction fee and will be trading mostly on Binance or smartchain BUSD is the best choice, USDT is best when your trading on uniswap and other centralize exchangesl.
legendary
Activity: 1862
Merit: 1015
March 17, 2021, 02:48:32 AM
#67
How to tell which stable coin is the best, when they are all have stable price? Also dont know why topic started is interested in stable coins, when he plans to sell crypto and withdraw fiat to his bank account. Simply transfer crypto to an exchange that allows direct crypto-fiat transactions (like coinbase or binance for example) and do an exchange. If you want to save on transaction, go with USDT and transfer it via tron netrowk.
You should try to see from another point of view, the quality of a coin is not in terms of price, but in terms of function as well as liquidity.
like USDT and BUSD, although they are stable coins, they have different advantages and disadvantages.
But due to the development of cryptocurrency, and many coins that have smart contract functions like ethereum, stable coins like USDT are already registered on many networks other than ERC20, such as USDT which runs on the TRC20 and OMNI networks.
full member
Activity: 2184
Merit: 100
SOL.BIOKRIPT.COM
March 17, 2021, 01:30:29 AM
#66
Personally, I use USDT I never tried BUSD but I feel BUSD is also good as it is linked up to Binance and Binance has a good image in the market So one can rely on both the coins to use it without any issue but USDT is older and more tested in this market. Now it's up to you which one to choose.
newbie
Activity: 32
Merit: 0
March 16, 2021, 09:14:46 PM
#65
Thanks for all the great answers. But if one mainly uses Binance, and BUSD can be sent straight to your bank account from Binance, whereas USDT can´t.. Wouldn´t it be best to just sell off all your crypto in BUSD on Binance then? I´m talking about if the market is gonna crash and you wanna sell of all your crypto at Binance.
sr. member
Activity: 304
Merit: 251
March 16, 2021, 07:25:24 AM
#64
Obviously I will prefer USDT because it has different network platform. At this time gas fees is not in good shape. If we select USDT on tron network, then we will be able to save some money by avoiding high fees. It is also popular and well known to most of the crypto lover.
This is also what makes usdt users high apart from being a stable USDT coin, it also has a network in other coins like TRON. Obviously we really feel we can save money and be a solution because of the high cost of ETH gas.
and most exchanges already support USDT on the TRON network
sr. member
Activity: 1064
Merit: 300
March 16, 2021, 01:53:31 AM
#63
Each stablecoin has its own minus. Best dai but there is a risk of being hacked, USDC is the most centralized, BUSD is only good if you use binance. So it's best to save in bitcoin for a distance. Wink
full member
Activity: 1750
Merit: 186
March 16, 2021, 12:11:43 AM
#62
What network is USDT on for the exchanges?  Example coinbase, binance, bitstamp.


What if you have a hardware wallet like nano ledger or trezor?  What if you have exodus or electrum?


When you give a site the USDT address you want funds sent to... such as your own wallet whether hardware wallet, would they need to know what network your USDT is on?  I still dont get the ETH and Tron network.  So if you are receiving USDT from a site, just give the site your USDT address.  So they would be sending you USDT but they would choose what network to use to send it to you such as ETH or Tron?


What if you then receive the USDT on your hardware wallet and want to send it to


Coinbase
Bitstamp
Binance
Binance.US


Do you need to make sure you send it to the ETH or TRON or whatever network is supported on the exchange side?
member
Activity: 616
Merit: 12
The Standard Protocol - Solving Inflation
March 15, 2021, 03:36:46 PM
#61
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 normally exchange my crypto to usdt alone, and I'm used to it already each time I want to sell on Binance I only pick a USDT  pair, becuz with USDT I can access both  Ethereum and Tron blockchains since it runs on both of them, 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.
hero member
Activity: 1876
Merit: 721
Top Crypto Casino
March 15, 2021, 03:02:40 PM
#60
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.

Most crypto users use usdt to exchange their funds. Since it is widely used, the number of holders of usdt is a lot. If usdt freezes for any reason then a lot of people's money will be stuck online.

USDT is definitely a good way to convert your cryptocurrency into USD value. But there are a lot of complaints about usdt for their activities so be careful in case of long term use of this coin because it is risky.
legendary
Activity: 2492
Merit: 1215
March 15, 2021, 02:52:33 AM
#59
How to tell which stable coin is the best, when they are all have stable price? Also dont know why topic started is interested in stable coins, when he plans to sell crypto and withdraw fiat to his bank account. Simply transfer crypto to an exchange that allows direct crypto-fiat transactions (like coinbase or binance for example) and do an exchange. If you want to save on transaction, go with USDT and transfer it via tron netrowk.
sr. member
Activity: 1610
Merit: 264
March 15, 2021, 02:49:46 AM
#58
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.
sr. member
Activity: 304
Merit: 251
March 15, 2021, 02:32:22 AM
#57
i usually use USDT in TRC20 to withdraw my money from exchange to exchange mate, or exchange to my personal wallet
because the fee is lower than other chain, especially if we comparing with ethereum network
now more and more exchanges provide USDT withdrawal or deposit options on the TRC20 network. It also makes it easy to troubleshoot expensive problems on the ethereum network
sr. member
Activity: 1092
Merit: 250
March 14, 2021, 05:41:01 PM
#56
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 usually use USDT in TRC20 to withdraw my money from exchange to exchange mate, or exchange to my personal wallet
because the fee is lower than other chain, especially if we comparing with ethereum network
sr. member
Activity: 2226
Merit: 259
Buzz App - Spin wheel, farm rewards
March 14, 2021, 04:11:40 PM
#55
Actually USDT has always been my priority. When ETH Network fee gradually increasing then most of the users started using USDT specially in TRON Network, there are so faster and lower cost transaction fee. I didn’t used BUSD but it’s also transparent and reliable coin undoubtedly.
sr. member
Activity: 686
Merit: 282
March 14, 2021, 03:50:29 PM
#54
Even though the USDT price should be kept constantly at $ 1, the rate is constantly fluctuating slightly. Temporary ATH amounted to almost $ 1.19 on USDT, while the drops in value reached 88 cents, but it's still a good option.
member
Activity: 238
Merit: 10
March 14, 2021, 02:40:43 PM
#53
Usdt Is more popular and useful than BUSD. USDT is used in TRC20, ERC20, and Also in BEP20. BUSD is only used in binance smart Chain. So I think USDT is good. And USDT has more pairs on exchanges than BUSD.
member
Activity: 686
Merit: 10
March 14, 2021, 02:16:22 PM
#52
I recommend USDT since USDT has more pairs than USDC or BUSD and huge volume and marketcap
in term of safety USDT is sought to be not safe so i also recommend to be careful
jr. member
Activity: 56
Merit: 2
March 14, 2021, 01:54:47 PM
#51
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.

As for me - I use only USDT. Its depend what cryptomarket u use.
member
Activity: 115
Merit: 15
March 14, 2021, 01:25:34 PM
#50
I would suggest BUSD because you can transfer it in BEP20 format as well and if you want HODL on Binance you will get profit daily or weekly basis.But do your personal reserch for your satisfaction.
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