I like with BUSD as opposed to USDT brought about by it was getting supported by the best crypto trade site,
I think the motivation behind why individuals is picking BUSD is on the grounds that Binance is perhaps the most trustworthy trade and they are reviewed properly,all stablecoins costs depend on.
The dollar value, this is the thing that makes stablecoins incredible for staying away from unstable markets,Just use which is more helpful for you or which stable coin you believe is more gotten.
Topic: BUSD Vs. USDT - page 4. (Read 1117 times)
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!
Depending on the use case, I also often use BUSD on binance for simply having stable trading volume to help you trade. So it doesn't matter which one will be used more. As for USDT, BUSD or other stablecoins I think the value it brings is the same, the important thing is that it can afford the liquidity on your trading pair, and BUSD USDT is doing very well this.
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.
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.
I don't agree with the fact that USDT is more useful compared to BUSD. It's just about their use cases and from what I know, both of them have pretty much the same use cases. The reason why USDT is usually preferred is because it's been around a lot longer than BUSD and it has a lot more support and is integrated in various platforms. Well, I tend to use both stablecoins when the need arises. For instance, If I want to interact with Binance smart chain and USDT mainly because of the little to no fees for USDT on TRX blockchain.
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.
I am not too concerned about which stablecoins are better because I simply think they are stable and moreover it is also the big coin in the market, so I will have a lot of peace of mind. I know the FUDs about USDT, but that doesn't matter, since the current investment method is mainly in bitcoin or other altcoins so stablecoins for me are just an intermediary.
As far as I know they are both backed up with real money, that's why both coins are stable, and both coins are centralized. it's just that the people behind the two coins are different. Personally, I use USDT more than BUSD
It's not only about the party who have been issued the stable coins but it's about various things just like the transparency, reserved funds to backed the stable coin, the fees and so many things affecting the stable coins. As far as i know that if USDT was also centralized like binance consider the tether can freeze your USDT anytime.The volume still getting centralized to the USDT but binance is also starting to follow USDT.
BUSD and USDT two both coin are very much popular and secured because both coins stable coin . When I trade any coins in exchange then I converted USDT TRC20 because withdraw fees very low in TRC 20 based assets.
I think USDT is better than BUSD is not supported everywhere to work in crypto you have to do USDT first to convert crypto currency to fiat currency. The risk here is much lower and it is possible to reduce the risk by converting the currency to USDT even if the price of the currency is lower for investing in cryptocurrencies.
Isn't usdt better since you could use it on every exchange as oppose to busd? Because if you want to cashout busd to your us bank account, dont you now need to pay two fees? One to convert to usdt and then to fiat on coinbase?
As much as I mistrust USDT, they have more trading pairs and a lot more liquidity than the BUSD. That makes it more practicable for trading
Because BUSD is more focused on its own trading platform. But just as you, I also don't trust that much USDT although both are centralized but we got plenty of choices for stable coins if ever we wanted to put our money parked on it.But as a choice, BUSD would be mine.
Nah there is no difference between BUSD and USDT.. Both are stable coins but I prefer USDT because of course this coin is the most popular of all stable coins and it seems most exchanges has USDT while BUSD listed only in Binance Exchange I guess.
Usages wise both are stable but like what you have said USDT can be used to more exchange compared with BUSD, with the same purpose you'll be better to go with coin that you can transfer from exchange to exchange.
As much as I mistrust USDT, they have more trading pairs and a lot more liquidity than the BUSD. That makes it more practicable for trading
Same thing, you can use USDT to convert your asset and transfer it to another exchange if you are seeing any potential
coin to divert your money.
Is BUSD no much different from USDT?
Which do you prefer?
Actually, both stable coins are my favorite. I have been following BUSD since it was launched last year. In a few times BUSD already has the top 40 market cap. Now I won't prefer any single stable coin. Both are good and legitimate, even value is almost the same why we trust any single one. Tether value is a little bit higher than the Binance USD. Which do you prefer?
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BUSD and USDT are no much different from each other, cus like some people here have said, they are both centralized stable coins controlled by a group of people, but the only little difference is that USDT have far more popularity than BUSD which is owned by binance and only operates on binance and a few local exchanges, but USDT is listed almost in every exchange including binance itself which makes USDT far more important than in crypto community cus alot of people use it out side binance exchange, but BUSD is only mostly used within the binance ecosystem.
As much as I mistrust USDT, they have more trading pairs and a lot more liquidity than the BUSD. That makes it more practicable for trading
Binance strongly supports its stablecoin and if you have a free BUSD, the exchange provides an opportunity to get passive income. For trading, I used BUSD when the USDT problem wasn't solved yet. Now I mostly trade coins in pairs to USDT, because this stablecoin has high liquidity.
As much as I mistrust USDT, they have more trading pairs and a lot more liquidity than the BUSD. That makes it more practicable for trading
Nah there is no difference between BUSD and USDT.. Both are stable coins but I prefer USDT because of course this coin is the most popular of all stable coins and it seems most exchanges has USDT while BUSD listed only in Binance Exchange I guess.
if you are a day trader on binance then you will love BUSD. in terms of value, there is no difference. but I think BUSD is a favorite for Binance members.Moreover, the USDT problem lies in the transaction fees. not to mention that there were bad issues related to USDT. Even though USDT is already in the TRON chain which is a costly solution from the ethereum average, I myself still choose BUSD.
As far as I know they are both backed up with real money, that's why both coins are stable, and both coins are centralized. it's just that the people behind the two coins are different. Personally, I use USDT more than BUSD
Actually, correction. They are both supposed to be backed up with real money. USDT is owned by Tether and they recently settled with the US regulators to the tune of many millions of dollars as they were proven to have lied about their money backing up USDT in the past. Neither of the two even share their real audits with the public:)
Both of them are fully centralized and controllable. At least, second one is accepted everywhere. I will choose it
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