Topic: busd or USDT safe - page 3. (Read 1491 times)
Nothing to worry because both are good stable coins they already popular stable coins in the market so both are safe. You can use USDT or BUSD to trading but if you use binance exchange I think it's better to use BUSD because you can save on trading fees and also they offered 0 withdrawal fee for BUSD if the network you use is BSC.
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BUSD or USDT both function as a stablecoin for trading crypto, reduces the risk of volatility. USDT is the first and oldest stablecoin approved for trading on all exchanges. I personally prefer using USDT, maybe a habit.
They claim 1 USD=1 US dollar; It is not mineable & The founder reserve the right to print tether by their wisdom. You know USDT is not audited and not backed by anything. which means they don't provide any guarantee of the value of your coin.
Since 2020 they don't have any transparency about their POF; very recently they have updated with some proof of funds, I dunno how trustworthy their words are. Rather than they are self-confessed that they have gotten hacked multiple times from 2017 to 2020, and frozen peoples money many times.
BUSD or USDT both function as a stablecoin for trading crypto, reduces the risk of volatility. USDT is the first and oldest stablecoin approved for trading on all exchanges. I personally prefer using USDT, maybe a habit.
I use both. but only for day trading. after my profit, I usually exit the trade with USDT or BUSD.both are good in my opinion. depending on who and the choice of available trades.
The question is very controversial, but if the Binance Exchange dies, then the Binance Smart Chain will die, along with BUSD.
But also recently there have been a lot of lawsuits and proceedings about USD (Tether), they say that this is an inflationary token.
What do I think? I think that for the complete disappearance of these coins, you need very strong and bad news for the collapse. Both coins have a huge capitalization and it will be impossible to break them so easily.
But also recently there have been a lot of lawsuits and proceedings about USD (Tether), they say that this is an inflationary token.
What do I think? I think that for the complete disappearance of these coins, you need very strong and bad news for the collapse. Both coins have a huge capitalization and it will be impossible to break them so easily.
BUSD or USDT both function as a stablecoin for trading crypto, reduces the risk of volatility. USDT is the first and oldest stablecoin approved for trading on all exchanges. I personally prefer using USDT, maybe a habit.
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 ?
There is no such thing as safe, I remember I read something before about USDT but I think it's just a hoax and no proof at all but for what I have seen in Tether it's mostly used by all cryptocurrency user and it's one of the stable coin in the market. But with busd and usdt? I will of course go with usdt since you can use it mostly anywhere, you can only use busd to binance exchange.
I do have both USDT and BUSD, and so far I have no problems with them as stablecoins. However, USDT is the most popular stablecoin out there because it was mostly used in centralized exchanges (CEXs). For me, both are safe in terms of volatility and storing them in a non-custodial wallet.
Yeah, there is no wrong and a sort of problem holding them as long as you are holding them in highly secured exchanges like BNB. I often used BUSD for my trades and even to stake for some a few weeks and I'd never found anything bad to happen. Not only is it paired to many coins in the market but the so-called volatility is not present. At times when I can't understand the market situation, I deem to convert it to BUSD. I don't mind the small profit I could get from staking stablecoins but at least my funds are still safe.
I do have both USDT and BUSD, and so far I have no problems with them as stablecoins. However, USDT is the most popular stablecoin out there because it was mostly used in centralized exchanges (CEXs). For me, both are safe in terms of volatility and storing them in a non-custodial wallet.
When the market goes up and I want to release it when the price is high of course I put it in BUSD or USDT because the coin is stable and the rate is 1:1 dollars, so there is no worry when the market conditions in crypto are bad because assets are stored in BUSD and USDT, and so far they are still quite safe despite the many issues mentioned above against the two coins.
Go for USDT of course, you can use USDT on most of the exchange, gambling site and other services that accepts USDT but if you're using BUSD it limits your use to Binance exchange actually they both are the same it's just that Binance created their own USD I think it's also backed up by $1 so both USDT and BUSD are safe but USDT is more universal than BUSD
BUSD and USDT both stable coin so both coin are safe but USDT is most popular coin compare to BUSD because USDT Available this market many years. Both coin are safe for me.
USDT is becoming more and more popular even with the shady history
To most of our surprise, yes, it does seem that USDT is still by far the more popular choice of stable coins, and this may well be because most markets are in USDT than any other stable coin. However, given the history of USDT at times when I'm permitted I do consider looking at others like BUSD and USDC. Which stable coin you go for seems to be determined mainly by the reason you enter stable coins and since most people trade (or at least want to trade in the future) the option of choice is USDT but with time I wouldn't be surprised if we were to see people becoming more conserved. moving away from it.
My Best Stable coin is USDT, yes i always USDT for my Trading, all time i converted my altcoin as USDT. and also maximum people use usdt as a stablecoin. BUSD is another popular stablecoin on crypto market but use this coin very often.
In trading transactions we often use the USDT smartchain network because the use of the BSC network is very cost-effective and allows us to trade tokens in DEX for short term trades, sometimes I use BUSD for pancake trading.
USDT is designed to make it easier for users to make financial transactions. By leveraging Blockchain technology, Tether (USDT) allows users to store, send and receive US dollars, in the form of digital tokens. USDT can also be used for peer-to-peer transactions globally, in an instant, secure way, and without high transaction fees.
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 the best, none is better than the other because both offers same thing, stability against crypto volatility, and also both are controlled by centralized entities.
BUSD is from Binance and Binance is known as a good exchange, thus they will make sure they protect their coin against all odds, also BUSD is gradually getting supported by a lot of exchanges and thus having a good trading volume and market cap. USDT on the other hand, is also supported by all exchanges as well as different blockchain networks, but in all, it still offers same thing with BUSD.
The only difference I can spot out between USDT and BUSD is, USDT have a bigger market cap and support by different blockchain networks than BUSD, but with time, BUSD will still catch up with it. Moreover, most exchanges are now developing their own stablecoins and therefore this will keep reducing the attention on USDT, hence since all will offer same thing, I can't say any is better than others.
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 ?
My Best Stable coin is USDT, yes i always USDT for my Trading, all time i converted my altcoin as USDT. and also maximum people use usdt as a stablecoin. BUSD is another popular stablecoin on crypto market but use this coin very often. so what is the best ?
I'd go for USDT.... seems like the only stablecoin that is safe.
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.
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 ?
There is no fact-based belief to say so, Busd and Binance have their own pattern of doing it, both are currently in the best position, there is a value to each of them that cannot be separated.
For the future we need to wait for the continuation of the story, whether Busd is related or not with Binance, I think it is almost impossible for this, even if I am wrong in analyzing, I hope this is not true.
busd is a short term for binance us dollar so this token is related to binance .
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For the future we need to wait for the continuation of the story
yes we dont know what future awaits in binance . they maybe strong now but what if they fall ? can we still say that busd is the best or the safe alternative than other stable coins ? before busd came out i think theres already usdt and usdt is now widely accesible . i too can trust this token more than i trust binance busd .
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 ?
There is no fact-based belief to say so, Busd and Binance have their own pattern of doing it, both are currently in the best position, there is a value to each of them that cannot be separated.
For the future we need to wait for the continuation of the story, whether Busd is related or not with Binance, I think it is almost impossible for this, even if I am wrong in analyzing, I hope this is not true.
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