Topic: busd or USDT safe - page 2. (Read 1538 times)
Both are good for me, I use USDT in other exchanges and BUSD in Binance. BUSD is not available on every exchange but USDT is available on mostly exchanges. In this case USDT is good but If you are using Binance exchange then I prefer to use BUSD becuase there are many pairs in BUSD on binance and BUSD is their own token so using it will be more safe.
BUsd related to Binance. So some sure about it. If anything happened Binance can be point out. If USDT happended what can we do?
so what is the best ?
so what is the best ?
BUSD and USDT are both stable coins that are safe to saving in replacement of USD. If BUSD is in trouble, then we can go to Binance, as well as USDT. USDT is a Tether coin which of course has a company, and has a team, so we can go to them. Maybe you can check the Tether site, and you get all the information about Tether.
BUSD and USDT are two stable coins created as use cases on two completely different platforms. BUSD fully supports binance smartchain and a big plus point here is that trading at low fees is possible with stable coins. But in the case of USDT, trading on Ethereum Pier is a bit cost-effective compared to BUSD.
At this time I think both are safe but USDT will not safe in future that's way BUSD is safer than USDT so I think you should keep your token in BUSD. now its your choice.
BUsd related to Binance. So some sure about it. If anything happened Binance can be point out. If USDT happended what can we do?
so what is the best ?
so what is the best ?
I think both are the best, but because I use Binance exchange for trading, then of course I prefer BUSD rather than USDT, because almost all cryptocurrency on Binance exchange are pairing with BUSD and of course I would feel safer to use BUSD on Binance exchange, because BUSD is a stable coin from Binance exchange.
I think both are safe,it is just At the moment USDT has many advantages over BUSD. If you use USDT you will have more choices if you want to use different exchanges. Meanwhile, if you use BUSD, you will have limitations if you want to use this currency.
There isn't much of a difference between the BUSD and the USDT. If you're a novice trader, you should focus on volume, arbitrage chances, and so on. Binance is the place to go if you want to trade all the major stable coins, including BUSD, USDT, as well as pairs like BUSD/USDT. Both USDT and BUSD are safer investment. But BUSD is a regulated and audited regularly. They guarantee that each BUSD is backed by a physical dollar held in FDIC-insured US institutions. Whereas, USDT has suffered security problems and lawsuits in the past and is not audited. They don't guarantee that every USDT is backed by a tangible dollar, and the money that does is held in offshore banks
yes, As far as I'm concerned, usdt dominates the market for other stablecoins. including busd has a smaller volume compared to usdt. so, it shows that usdt is used more often than busd. I believe that these two stablecoins are safe to use, but I recommend it for you to use usdt.
In my opinion, USDT currency is much more popular and used a lot on other exchanges, but BUSD this is just a stable currency of binance and it is only used mainly on binance.if there is a transaction and choose, we should choose USDT which will be easy to transfer to another exchange to participate in trading and buying and selling.
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The name is stablecoin, yes the value is $ 1 because it was the initial concept of stablecoins, where their value will be the same as the value of fiat currencies in general, but for the most choices, I'm sure more people choose USDT than BUSD, with their own reasons or considerations each according to their needs.
Most of people choose to use USDT because it's accepted in more platforms and have higher volume but BUSD or USDT is all the same it's just with BUSD the platform that accept it is a lot more limited but both of them are really stablecoin because from the price chart it's always stay at around $1 and even there is small fluctuation it's not as big as other altcoins. In my opinion, both are fine.
busd and usdt are both stable coins in my opinion. and I personally use both well when trading on the Pancakeswap platform so I use the BUSD pair. and if I trade on Uniswap using USDT pairs and both are safe.
what is clear is that busd and usdt are both functional, depending on your needs, usdt is more widely used as a pair in almost all global markets, while busd is more narrow in use because according to its acronym, Binance USD, it can only be found on binance and pancakeswap. I often use both, depending on which chain or market I'm trading. well, as long as we use it only for trading needs and not used for long-term investment then it looks like using both will still be safe, after all what's the benefit of holding the coin stable for the long term?
in addition, this is a comparison between busd and usdt
https://www.coingecko.com/en/coins/binance-usd
https://www.coingecko.com/en/coins/tether
the dominance of usdt is greater than BUSD. use it wisely, and my advice is better not to keep stable coins as an investment.
in addition, this is a comparison between busd and usdt
https://www.coingecko.com/en/coins/binance-usd
https://www.coingecko.com/en/coins/tether
the dominance of usdt is greater than BUSD. use it wisely, and my advice is better not to keep stable coins as an investment.
I think what you say and give from the comparison clearly there is no difference if it is for price stability, so anything can be used but it is true that more and more widely use usdt than busd.
the most important thing and I underline is "what's good in holding the coin stable for the long term" because there is nothing to be gained from that treatment.
Stable coins never and rarely do it for long-term investment but to hold it for further use it is clear that many do.
I think both are stable coin It's uses different system. O think BUSD and USDT both coin are use to safe us.Both coins will have same valu or price as USD.Most people choose both coin.Both coin gives us flexibility financial.
what is clear is that busd and usdt are both functional, depending on your needs, usdt is more widely used as a pair in almost all global markets, while busd is more narrow in use because according to its acronym, Binance USD, it can only be found on binance and pancakeswap. I often use both, depending on which chain or market I'm trading. well, as long as we use it only for trading needs and not used for long-term investment then it looks like using both will still be safe, after all what's the benefit of holding the coin stable for the long term?
in addition, this is a comparison between busd and usdt
https://www.coingecko.com/en/coins/binance-usd
https://www.coingecko.com/en/coins/tether
the dominance of usdt is greater than BUSD. use it wisely, and my advice is better not to keep stable coins as an investment.
in addition, this is a comparison between busd and usdt
https://www.coingecko.com/en/coins/binance-usd
https://www.coingecko.com/en/coins/tether
the dominance of usdt is greater than BUSD. use it wisely, and my advice is better not to keep stable coins as an investment.
I think what you say and give from the comparison clearly there is no difference if it is for price stability, so anything can be used but it is true that more and more widely use usdt than busd.
the most important thing and I underline is "what's good in holding the coin stable for the long term" because there is nothing to be gained from that treatment.
Stable coins never and rarely do it for long-term investment but to hold it for further use it is clear that many do.
what is clear is that busd and usdt are both functional, depending on your needs, usdt is more widely used as a pair in almost all global markets, while busd is more narrow in use because according to its acronym, Binance USD, it can only be found on binance and pancakeswap. I often use both, depending on which chain or market I'm trading. well, as long as we use it only for trading needs and not used for long-term investment then it looks like using both will still be safe, after all what's the benefit of holding the coin stable for the long term?
in addition, this is a comparison between busd and usdt
https://www.coingecko.com/en/coins/binance-usd
https://www.coingecko.com/en/coins/tether
the dominance of usdt is greater than BUSD. use it wisely, and my advice is better not to keep stable coins as an investment.
in addition, this is a comparison between busd and usdt
https://www.coingecko.com/en/coins/binance-usd
https://www.coingecko.com/en/coins/tether
the dominance of usdt is greater than BUSD. use it wisely, and my advice is better not to keep stable coins as an investment.
BUsd related to Binance. So some sure about it. If anything happened Binance can be point out. If USDT happended what can we do?
so what is the best ?
so what is the best ?
Both are stable coins and you can use them without worry, stable coins on cryptocurrency will have the same price as usd.
Usdt and Busd for me are good to keep some advantage because both tokens support blockchain with cross chain tokens, because both have good volume in crypto market and usdt is at 3 cmc.
Binance Usd is a developing coin, it has great future, cause binance support it for further development. one US doller is reserved for Each BUSD and it is fully regulated by New York State Department of Financial Services. That's why it is trusted and secured. On the other hand USDT is not audited, and the founder will never give any security of the value of the coin, they have reserve the rights to increase or decrease the total supply anytime.
BUsd related to Binance. So some sure about it. If anything happened Binance can be point out. If USDT happended what can we do?
so what is the best ?
if you want to discuss "stablecoins" why do you only want to discuss USDT and BUSD while many others exist, you only focus on both because they are familiar to you, try to read there are still many stablecoins that can be questioned, if these two stablecoins are as long as the network is still around and survive then they still exist because they already have a name, but otherwise not necessarily so what is the best ?
Busd and usdt , these two stableoins are equally good, where the price of these two coins is equivalent to 1usd. I personally use USDT to withdraw from the market, and save it to buy coins if the market is experiencing a correction
The name is stablecoin, yes the value is $ 1 because it was the initial concept of stablecoins, where their value will be the same as the value of fiat currencies in general, but for the most choices, I'm sure more people choose USDT than BUSD, with their own reasons or considerations each according to their needs. 
if it's a security issue I think both are safe. the only difference is that BUSD is on the Binance network, while USDT is not.
I think it's just personal preference to choose USDT or BUSD because they are functionally the same, and are not affected by a decrease or increase in market prices.
I think it's just personal preference to choose USDT or BUSD because they are functionally the same, and are not affected by a decrease or increase in market prices.
I think there is a massive difference between the two and that is the fees. Getting your USDT from one exchange to another right now costs you a fortune. The fees are ridiculous. Some exchanges charge up to 20 USD for a single USDT withdrawal. The issue is that not all exchanges have BUSD listed. Anyway, if you stay on the ETH network USDT is just fine even though the fees are still a pain in the ass, but if you have the choice I would go with BUSD as it gives you more flexibility financially.
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