They are both quite centralized, having a decentralized stablecoin is possible and it is being done right now on many chains as well, they are not ideally great right now but they are working so far and haven't failed which is why I think it is quite important that we promote them instead of these centralized ones.
But, if I have to pick one, there is no a single ounce of respect in my mind against Tether who does what they do only for profiting off others money while not caring about the outcome for others, whereas BUSD is binances stablecoin and they do care about their customers, because if they do not care that means they will upset their customers and lose money, so they will work really hard to make BUSD work a lot more than Tether would care. This isn't a good reason to be better, but it doesn't change the fact that they are definitely better in the end.
Topic: BUSD Vs. USDT - page 3. (Read 1117 times)
Is BUSD no much different from USDT?
Which do you prefer?
I like both, as they are both big stablecoins in the market. Which do you prefer?
I use BUSD on binance for trading.
As for other exchanges I chose USDT because of its popularity.
It is obvious that Binance is creating its stablecoin for use in Binance Smart Chain.
And then USDT for ethereum chain but tether already expanded its service to the various chain like solana, matic tron and many more. I do believe we will be wasting our time to talk about this consider there should not be a pros or cons between both. USDT and BUSDT were the same and people are using both as store of value to avoid the volatility in the market. Im thinking about it doesn't matter what kind of stable coin because basically all of stable coins were getting backed by dollar.
It is obvious that Binance is creating its stablecoin for use in Binance Smart Chain.
Thanks for a clearer explanation about it. What I'm only thinking is that with those small slips and differences like cents. You need to have a bigger capital for you to profit from the adjustments and differences of the stable coins you're actually going to trade.
But anyway, we have our own strategy and do whichever is working for you.
But anyway, we have our own strategy and do whichever is working for you.
That's right, this strategy only works for 7 figures and more since price differences are too low. Otherwise don't waste your time on that. You need to do hundreds of trades everyday to get a good amount of money. In crypto there are better opportunities for most people. This is just another way of making money for big guys.
And that's why stable coins are only known for saving your profits or saving your portfolio in today's value because the market is fluctuating too much.
Since I regularly use Binance for trading, I would prefer to use BUSD for trading to save transaction fees. But for me, using USDT is also very good, I don't know people comparing dollars with each other, basically, which one is convenient to use, we should use that.
because the value is not different I am sure the comparison is of course not made to the price of the asset.I am sure many compare the point of transaction fees and transaction speed. because with some networks we definitely get a different experience.
Thanks for a clearer explanation about it. What I'm only thinking is that with those small slips and differences like cents. You need to have a bigger capital for you to profit from the adjustments and differences of the stable coins you're actually going to trade.
But anyway, we have our own strategy and do whichever is working for you.
But anyway, we have our own strategy and do whichever is working for you.
That's right, this strategy only works for 7 figures and more since price differences are too low. Otherwise don't waste your time on that. You need to do hundreds of trades everyday to get a good amount of money. In crypto there are better opportunities for most people. This is just another way of making money for big guys.
Stablecoins are good for taking profits. You can only earn on a small difference in rates. Moreover, on some exchanges, the cost of such coins may be higher than on the sites where they were originally purchased. The difference in price will give you a net income. Everyone has their own favorite coin, someone uses the proven TUSD, which has been on the market for a long time and has its fans. Others use other Stablecoins like BUSD.
But it is unlikely that you will be able to make much money on Stablecoins, although I may be mistaken.
You mean to trade with different stable coins and do it for profit? I don't think that seems going to be effective to me. With the low to no volatility of these stable coins, you barely make a profit with them.But it is unlikely that you will be able to make much money on Stablecoins, although I may be mistaken.
They're only used for setting aside your profits from the trade you've made in other altcoins that you've traded.
Actually it's pretty profitable if you know what you are doing. Usually big exchanges give zero fee trade options to make a good volume for these stablecoins. You can make a lot of money by trading stablecoins in the long run if you scale your bot effectively. Risks are minimal because they are stablecoins and pegged to ~1 USD and reward is good in the long run.
You can't do that in an exchange that take trading fees though, because price difference is not higher than those fees.
But anyway, we have our own strategy and do whichever is working for you.
Stablecoins are good for taking profits. You can only earn on a small difference in rates. Moreover, on some exchanges, the cost of such coins may be higher than on the sites where they were originally purchased. The difference in price will give you a net income. Everyone has their own favorite coin, someone uses the proven TUSD, which has been on the market for a long time and has its fans. Others use other Stablecoins like BUSD.
But it is unlikely that you will be able to make much money on Stablecoins, although I may be mistaken.
You mean to trade with different stable coins and do it for profit? I don't think that seems going to be effective to me. With the low to no volatility of these stable coins, you barely make a profit with them.But it is unlikely that you will be able to make much money on Stablecoins, although I may be mistaken.
They're only used for setting aside your profits from the trade you've made in other altcoins that you've traded.
Actually it's pretty profitable if you know what you are doing. Usually big exchanges give zero fee trade options to make a good volume for these stablecoins. You can make a lot of money by trading stablecoins in the long run if you scale your bot effectively. Risks are minimal because they are stablecoins and pegged to ~1 USD and reward is good in the long run.
You can't do that in an exchange that take trading fees though, because price difference is not higher than those fees.
Stablecoins are good for taking profits. You can only earn on a small difference in rates. Moreover, on some exchanges, the cost of such coins may be higher than on the sites where they were originally purchased. The difference in price will give you a net income. Everyone has their own favorite coin, someone uses the proven TUSD, which has been on the market for a long time and has its fans. Others use other Stablecoins like BUSD.
But it is unlikely that you will be able to make much money on Stablecoins, although I may be mistaken.
You mean to trade with different stable coins and do it for profit? I don't think that seems going to be effective to me. With the low to no volatility of these stable coins, you barely make a profit with them.But it is unlikely that you will be able to make much money on Stablecoins, although I may be mistaken.
They're only used for setting aside your profits from the trade you've made in other altcoins that you've traded.
Stablecoins are good for taking profits. You can only earn on a small difference in rates. Moreover, on some exchanges, the cost of such coins may be higher than on the sites where they were originally purchased. The difference in price will give you a net income. Everyone has their own favorite coin, someone uses the proven TUSD, which has been on the market for a long time and has its fans. Others use other Stablecoins like BUSD.
But it is unlikely that you will be able to make much money on Stablecoins, although I may be mistaken.
But it is unlikely that you will be able to make much money on Stablecoins, although I may be mistaken.
Is BUSD no much different from USDT?
Which do you prefer?
TBH I would prefer using USDT over BUSD, I know BUSD just came out not too long ago, and it's clear that Binance want their stable coin to be more patronized cuz they have changed all the top pairs e.g BTC/USDT to BTC/BUSD, they are slowing pushing USDT aside, but I will still prefer using USDT cuz it is listed on almost every cryptocurrency exchange out there, and USDT uses both eth network and tron network, BUSD will have to bring something more in other to take out USDT else its just another regular stablecoin. Which do you prefer?
BUSD and USDT is both stable coin on crypto market and both stable coin is Trusted but i think USDT is most usefull and Popular stable coin on market. Also i always use USDT coin as stable coin.
Both were the most used stable coins, The daily trade of BUSD is also increasing gradually and more BUSD already issued from the treasury. The total supply of BUSD is also still increasing even higher. USDT is the first stable coin and that makes USDT being more popular compared with BUSD. BUSD was coming around 2019.
That makes sense if the volume gets centralized on USDT but BUSD is good enough to be a competitor for USDT. Both were the same. Im also using USDT especially TRC USDT asset.
The demands of BUSD is now increasing due to Binance populatiry, traders are using
this stable coin that being regulated by binance itself, though USDT is mostly use since
the availability are much wider than BUSD, will depend from how you see this as alternative
to convert either your bitcoin or other alternative crypto whenever it's needed. either to
gain or to divert your assets.
Both coins are great stable coins, BUSD seems to be regulated and well centralised per standards. If you are a regular trader on Binance or the DEX, binance.org , then I highly recommend you make good use of BUSD, since it's the native stablecoin on the renowned exchange.
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.
Both in different ways
I use both of these "dollars" in my trading and staking to generate my profits. Keeping a large amount in these assets for a long time is not included in my rules and i advise you to have the same attitude.
Staking? You can't trade while staking, so you must be doing one of the two not both;)
And you generally can't earn much by staking for NOT a long time, so how do you stake while not keeping those amounts in your assets? Just asking, curious to know is all I'm saying!
BUSD and USDT are both centralized stable coin but people will go for BUSD because of trust and reputation of binance exchange, USDT had some issues in the past and I believe that's been solved already but when it comes to clean USD coin BUSD wins, still I find myself using USDT more often than BUSD
BUSD and USDT is both stable coin on crypto market and both stable coin is Trusted but i think USDT is most usefull and Popular stable coin on market. Also i always use USDT coin as stable coin.
Both were the most used stable coins, The daily trade of BUSD is also increasing gradually and more BUSD already issued from the treasury. The total supply of BUSD is also still increasing even higher. USDT is the first stable coin and that makes USDT being more popular compared with BUSD. BUSD was coming around 2019.
That makes sense if the volume gets centralized on USDT but BUSD is good enough to be a competitor for USDT. Both were the same. Im also using USDT especially TRC USDT asset.
Is BUSD no much different from USDT?
Which do you prefer?
Since I regularly use Binance for trading, I would prefer to use BUSD for trading to save transaction fees. But for me, using USDT is also very good, I don't know people comparing dollars with each other, basically, which one is convenient to use, we should use that.Which do you prefer?
I am sure many compare the point of transaction fees and transaction speed. because with some networks we definitely get a different experience.
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