BUSD Vs. USDT - page 2. | Bitcointalksearch.org

Review Master

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many traders are already using usdt. but from me personally i prefer busd. busd may be more likely to be somewhat stable when stored for long periods of time. it all depends on individual taste

Many traders are using USDT so that they won't get a huge dump or other pairs like BTC or ETH whenever bitcoin takes any kind of big movements. BTW, if anyone wants to hodl BUSD for a longer period of time which indicates that he/she might have preparing for the bear market as hodling BUSD or even USDT won't be good for portfolio. Also, i can't disagree on individual tastes/thinking. Wink

Alohadanc3

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Both of them are same. Both of them are centralized. Usdt is old but there are many complaints against usdt. But I never faced any kind of problem though. Now the usdt fees is a bit high. Though I prefer usdt(trx) now it cut the fees. In other hand I think busd is well structured the market cap of the coin maybe a little less. But it's fast and less fees. And it's a binance powered coin and they always try to provide best experience to their users. For me both of them worked fine and I used both of them.

Golftech

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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...

Correct, it's depends from how you needed the process USDT though is still the most use

since there are lots of exchange who catered this stable coin and traders and investors

can simply send their coin from time to time. In the other side, BUSD is also being use

the most inside Binance.

(o)(o)ilikeboobs(o)(o)

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Many exchanges allow USDT to be circulated in their exchange. USDT supports many different blockchain platforms so I prefer it to BUSD.
Although USDT has many scandals in the past, things with this stable coin are doing very well right now and it has the highest transaction volume and capitalization of any stable coin I know. In this bull run, it can be said that USDT has many merits because every time Bitcoin falls, Tether continues to print USDT.

worldofcoins

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BUSD is centralised by New York’s Finance department so i would say it can be relied on much more compared to USDT.
I’m not saying USDT can’t be relied on, the fact that it’s been around longer than BUSD and is accepted on more places but the component centralisation is missing, that’s the only drawback I’ll say.

Kitaiev

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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...

mdzahed134

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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?

many traders are already using usdt. but from me personally i prefer busd. busd may be more likely to be somewhat stable when stored for long periods of time. it all depends on individual taste

No users will be hold stable coin for long term because there are no benefit to hold it. Its use is still relatively inefficient from USDT. So people have not yet become habituated to using it. Even though it’s not listed in the mostly exchanges. The main things USDT has supported a several network as like Trc-20 is good one & very lower network fee.

nicecrypto

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Quote from: abderrazak belkhir on March 25, 2021, 12:30:11 AM

USDT still the best for me but i noticed that many persons start using the BUSD For some reasons... BUSD have the advantage regarding fees but USDT is available also on tron blokchain and this is where i always use it...the main problem for binance usd is the number of exchanges that provide BUSD pairs and also many exchanges like kucoin dont even have bcs addresses for its users

I agree with you. I believe what I personally see as the difference it BUSDs availability in more exchange but other than this, I believe they are both the same as they provide same function and yes as a Binance exchange user, I like to use BUSD while trading there also because of the lower fee but at the end of the day it is personal choice as which you choose to trade with.

abderrazak belkhir

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USDT still the best for me but i noticed that many persons start using the BUSD For some reasons... BUSD have the advantage regarding fees but USDT is available also on tron blokchain and this is where i always use it...the main problem for binance usd is the number of exchanges that provide BUSD pairs and also many exchanges like kucoin dont even have bcs addresses for its users

WalkerIVIV

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The difference is that USDT is in many networks such as ERC20, OMNI, TRC20, BEP20, while the BUSD that I know of is only in BEP2, BEP20, and ERC20. Apart from that I think everything is the same.

No difference at all and the function is still the same but there is a question about whether binance can frezee our money like what already happened with USDT. I see that in so many hacked case of tether has power to control USDT. That may not happen in BUSD.
people should choose what makes they are feeling confident. The liquidity and acceptable of exchange sites make different got the differences

illnino

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Each of these stable coins has advantages and disadvantages. I do not see any fundamental difference between USDT and BUSD, there are indeed some differences but in general the functions of stable coins are the same.

I assume that people's opinions about these coins differ only due to personal preference. Some people like Tether, others prefer the stablecoin from Binance. If you still have doubts about what to invest your money in, it is better to choose TUSD. It is a more reliable cryptocurrency today.

Shussainshah

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BUSD Vs. USDT both are stable coin mostly i use usdt because they are available in the most exchange but in the other hand busd is not famous and not listed in every exchange so that the reason i pick usdt rather then busd . but in future i am thinking about busd because usdt is not secure then busd .

mdzahed134

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Quote from: meldrio1 on March 09, 2021, 01:54:51 PM

Both two were stable coins but the difference of both of them are the exchanges, BUSD listed only few exchanges and the USDT has listed many exchanges almost all f it but speaking of the transaction fee USDT is extremely high, it's not good idea if you want to transfer your funds using USDT.

That's right BUSD mainly trades on the Binance exchange, and it’s available in other few DEX exchanges. But it can be said that it has become popular in a very short time. USDT unanimously acceptable stable coin for all of the users. Also USDT pair is getting highest priority all of those exchanges. ETH network fee is unsuited to use right now, so i think you can use TRC-20 network if you need to make transaction.

DoctorMark

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Is USDT still not 100% backed? This has to be worrying.

My personal preference is Binance I feel much safer going with an organisation I trust.

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Both are good stable coin, If I can choose I prefer to use USDT than BUSD. Not all exchanges use BUSD as pair in trading, it might be difficult if I have BUSD and I want to buy coins on a major exchange that doesn't use BUSD. Even when I buy coins on Binance I often use USDT.

It's the same thing with me. I usually use USDT because it has a lot of support from exchanges and service providers. Majority of transactions on Binance is being done using BUSD while USDT, you can see it on almost all exchanges including centralized and decentralized exchanges too.

That's the advantage of USDT but I'm off using it. I'll choose to use BUSD since most of the time I'm just sticking to Binance to trade and exchange what I want to exchange.
The liquidity of USDT is the highest and that's why many are choosing it as their main stable coin. But it's also good to try some new but coming from a well reputed exchange because there are others too.

bct-user

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In my opinion, they are the same, no different. Both are stable coins and we use them for the same purposes. We usually buy these coins in order to secure the value of our assets. Then, even if it is a bearish or correction phase, we get no negative impacts on our coin values. Even, the prices of stable coins commonly increase once there is a correction phase.

Smitty Werben Man Jensen

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Both are good stable coin, If I can choose I prefer to use USDT than BUSD. Not all exchanges use BUSD as pair in trading, it might be difficult if I have BUSD and I want to buy coins on a major exchange that doesn't use BUSD. Even when I buy coins on Binance I often use USDT.

When compared to BUSD, of course I chose USDT, because the volume I have is much larger,
BUSD is only used by Binance exchanges and their partners, but USDT is already used globally,
of course USDT liquidity and volume is much better and safer to use, fees also very small if you use OMNI or TRC20.

makishart

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Both are good stable coin, If I can choose I prefer to use USDT than BUSD. Not all exchanges use BUSD as pair in trading, it might be difficult if I have BUSD and I want to buy coins on a major exchange that doesn't use BUSD. Even when I buy coins on Binance I often use USDT.

Agreed and BUSD's volume gets centralized into the binance exchange site and that being said that if it's not available in the all of sites.
People will always prefer to use USDT even some people might called that as a centralized coin but none care about that because they wanna use it as a way to transfer their money

Vishnu.Reang

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So essentially the question is which exchange is more trustworthy as far as stablecoins are concerned. Binance or Bitfinex? My choice is obviously Binance, since it is the largest cryptocurrency exchange. Also, Binance has stayed out of legal issues with the authorities and so far the hackers haven't been able to target that exchange. On the other hand, Bitfinex is still engaged in some sort of legal battle with the NYAG.

perfect999

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Quote from: tvplus006 on March 01, 2021, 05:46:11 PM

For traders who trade on the Binance, BUSD is really preferable, since it will allow you to place free funds to generate passive income on the exchange. In addition, this stablecoin is used in the BSC network to provide liquidity and has zero commission in the BSC network. But with all the positive aspects of using BUSD, you need to remember that the liquidity of this stablecoin is much less than that of USDT.

Really excellently explained and I agree with both the points but I want to add that USDT has a way bigger trading volume as compared to BUSD, so that also tends to push things in USDT's favor.

Quote from: WalkerIVIV on March 01, 2021, 09:43:52 PM

It's caused by so many parties didn't feel confidence to know the fact if tether is not fully backed by 1;1 equally with USD. that's why so many people are feeling doubt about this but i personally still using this coin till now. I never face any problem to deal with USDT.
That gives advantage for the BUSD. that's why binance is also printing more and more BUSD.

People also worry about tether's existence because they never do audits or anything that brings confidence but because they were the first stablecoin in the market, I believe, is the reason why USDT is far ahead of other stable coins.

For traders who use Binance only, yes BUSD is the better coin because of the passive earning it provides like @tvplus006 explained.

Topic: BUSD Vs. USDT - page 2. (Read 1117 times)