BUSD Vs. USDT | Bitcointalksearch.org

Dump3er

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Quote from: BintangBuleun on June 03, 2021, 02:06:05 PM

Quote from: Kongxx on February 27, 2021, 01:54:50 AM

Is BUSD no much different from USDT?

Which do you prefer?

I like both. Because the value of the two stablecoins is the same. But only differ in transaction fees in an exchange. USDT Omni and ERC20 have high transaction fees, but only USDT TRC20 has low fees. BUSD has low transaction fees and is almost the same as USDT TRC20.

"only differ in transaction fees"... Isn't that currently the whole point for both coins to be differentiated from each other and that Binance is growing at an abnormal pace compared to others. Transaction fees drive people away from USDT to BUSD.

BintangBuleun

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Quote from: Kongxx on February 27, 2021, 01:54:50 AM

Is BUSD no much different from USDT?

Which do you prefer?

I like both. Because the value of the two stablecoins is the same. But only differ in transaction fees in an exchange. USDT Omni and ERC20 have high transaction fees, but only USDT TRC20 has low fees. BUSD has low transaction fees and is almost the same as USDT TRC20.

onecall123

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Quote from: Squezzi55 on June 02, 2021, 01:50:12 PM

They are both centralised stable coins but officially BUSD is safer because Binance CEO went the right way to legalized BUSD, I don't know much about USDT but they have been accused before, they were dirty but can't say about now

BUSD is Binance USD. Binance CEO is advertising it so many clients that we will utilize this pair rather than USDT. Binance account holders get the advantages for using BUSD, and a large portion of altcoins has BUSD pairs. Fundamentally we are directly or indirectly controlled by Binace promotion and it is indeed positive thing for the market.

bryant.coleman

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Centralization is an issue with both these tokens. The question is which of these two exchanges are more reliable - Binance, or Bitfinex. From my experience so far, I would easily go for Binance. They have maintained their reputation all these years, and have kept away from legal trouble with the authorities. On the other hand, Bitfinex had recent issues with SEC and other watchdogs and also they have been accused of diverting the reserve funds of USDT for their own uses.

Squezzi55

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They are both centralised stable coins but officially BUSD is safer because Binance CEO went the right way to legalized BUSD, I don't know much about USDT but they have been accused before, they were dirty but can't say about now

gabbie2010

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Quote from: Almasani on June 02, 2021, 12:53:39 PM

Quote from: Kongxx on February 27, 2021, 01:54:50 AM

Is BUSD no much different from USDT?

Which do you prefer?

Yes. BUSD and USDT are not much different. But I'm more interested in using BUSD than USDT. Because I use Binance exchange to trade. On Binance, trade with BUSD free of order Maker and Taker.

I also use BUSD to cross margin trade in Binance because there instances when I want to borrow USDT to trade a message will say they had reach the daily limit of borrowing USDT thus I won't have the opportunity to trade that day however when I switched to BUSD I don't usually receive the daily limit message moreover both are stable coins and both can be exchange vice-versa in Binance and they both have reasonable and low transaction fees.

Almasani

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Quote from: Kongxx on February 27, 2021, 01:54:50 AM

Is BUSD no much different from USDT?

Which do you prefer?

Yes. BUSD and USDT are not much different. But I'm more interested in using BUSD than USDT. Because I use Binance exchange to trade. On Binance, trade with BUSD free of order Maker and Taker.

Alohadanc3

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I don't see any difference on both. Both of them works just fine. USDT was always a good option for me. But after ethereum gas price hiked it's a pain for me. But now many chains already adopted USDT And BSC and TRC20 work flawlessly. In other hand BUSD is a good alternative. I do a lots of transaction (swap mainly) on BSC. It's usefull for me. You can use either of one or both maybe. Thank You.

Amejoaquim

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In the current situation I prefer USDT.

The current market condition situation is very scary because of doge, almost all other coins are in correction because most of them turn it their alts into doge.

MUG1WARA

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Quote from: Kongxx on February 27, 2021, 01:54:50 AM

Is BUSD no much different from USDT?

Which do you prefer?

Both of them seem alike, I make use of usdt more cause it's listed on more exchanges than the BUSD that's only on Binance exchange for now, I only make use of BUSD when I'm trading on Binance exchange, since Binance are starting to make more pairs with BUSD and slowly trying to push usdt, still usdt is better because it runs two blockchains and it's listed on all exchanges.

CryptoTech_

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Both are the same, the only difference is the network.
USDT has more networks than BUSD which is only available on 3 types of networks, however if you are a binance user I highly recommend using BUSD as the withdrawal fee is 0.

omone1

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They are both stable coins. USDT runs on several protocols, BUSD runs o Bep2, BEP20 and ERC2o and supported majorly by binance exchange. USDT is more exposed and widely use. I use more of USDT on cex but more of BUSD on BSC dex.

Alohadanc3

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I think both of them are good to use. I us d a lots of usdt and I never faced any kind of problem though I know many people have problem with usdt and they don't trust it. And also in few months back faced some problem like high gas fees in usdt it's still exists but atleast now we have a trc20 option.In other hand busd is a binance product so there's not much to complain about. The fees is too low,it's fast. But only problem is it's not listed on every exchange. But maybe it will.

Imran232

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Quote from: Kongxx on February 27, 2021, 01:54:50 AM

Is BUSD no much different from USDT?

Which do you prefer?

For me USDT is most preferable. Here has some reason :
Though there is no matter of cex or dex because both of are centralized. But busd could be has documentation from binance for sec reason. Where usdt could be in problem.

But usdt has the biggest option which is we can use usdt in any kind of nework like ethereum , tron, omni, binance, tomo, thubder means every blockchain network support usdt. That means it is quite easy for us to grab any kind of Blockchain project if we have usdt. But here has the problem of busd. Because it is Only support binance based project. And also it is in only binance. Not other exchange support busd. So now i hope you understand that usdt could be easy to use than busd.

donatello345

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Quote from: Hasan986 on March 27, 2021, 03:51:19 PM

Quote from: Kitaiev on March 26, 2021, 05:31:43 AM

It all depends on the tasks at the moment, if i need to send money from one exchange to another then basically i choose usdt and if i need to keep my savings for a shorter time then i choose USDC. I hardly use BUSD...

Why i couldn't Saving use USDT. USDT Currently Fully Safe. What was a legal problem a few days ago is no more. You can use Usdt for saving or exchange anything. Now its have few tx fee. Its can save us insane fee another token.

The only problem of YUST is high commissions, well, this is basically a huge and the only problem of the Ethereum blockchain, but if you are talking about YUST on other blockchains, then yes, I will give it a pre-consideration

Hasan986

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Quote from: Kitaiev on March 26, 2021, 05:31:43 AM

It all depends on the tasks at the moment, if i need to send money from one exchange to another then basically i choose usdt and if i need to keep my savings for a shorter time then i choose USDC. I hardly use BUSD...

Why i couldn't Saving use USDT. USDT Currently Fully Safe. What was a legal problem a few days ago is no more. You can use Usdt for saving or exchange anything. Now its have few tx fee. Its can save us insane fee another token.

Hasan986

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BUSD and USDT Both are stable coin. But I would say to use USDT. Currently there is a lot of use from USDT. Negative in the name of Usdt which was information. It is no more. Undoubtedly USDT can now be used safely.

TheGreatPython

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Quote from: Kongxx on February 27, 2021, 01:54:50 AM

Is BUSD no much different from USDT?

Which do you prefer?

The year has been a really crazy experience for USDT, but BUSD is cool, although it’s still new. Between the both of them I think I’m going to choose the BUSD because it’s owned by Binance, it’s a U.S regulated stablecoin that is 1:1 with the USD and with Binance being one of the biggest exchanges in the market, making BUSD an option is really going to be worth it.

I am yet to fully understand what’s really wrong with Tether, but t has been seriously drained by the issues that it has been facing and the position on Coinmarketcap has declined to a lower position. For now the best to go for is the Binance USD (BUSD).

devollito

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I was a user of usdt when i want tto keep my profit on trading. But now i move it to busd because usdt on ethereum network need high gas fees, busd is on top of binance smart chain so the fees is 10x cheaper. And i am not whale thats why ethereum gas fees can hurt me.

donatello345

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I like the Blockchain itself more from Binance, specifically for transactions, etc.

Also, when transferring USD, you will not need to pay such horse commissions as when sending USSD on the Ethereum blockchain!

Topic: BUSD Vs. USDT (Read 1117 times)