BUSD Vs. USDT - page 5. | Bitcointalksearch.org

TastyChillySauce00

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Quote from: Reid on March 02, 2021, 12:57:36 AM

I'll think carefully about keeping these coins.
Stable coins.

Maximize usage of them but never keep it for a long time.
It's not an investment tool. It's just to make the trades faster and easy to handle.
Most of us convert all the time to USD that is why they make such coins. Exit as fast as you could while making profits in using them.
Stay with Bitcoin or trustworthy alts but keep in mind to also never leave it with an exchange.

tbh if we're did nothing wrong and all verified in an exchange there's actually no problem in holding stablecoins like these, even exchanges nowaday racing to offer staking plan for their customers but it's just how these coins actually owned by private company that makes it more vulnerable if compared to decentralized coins, they're safe but certainly riskier than the decentralized coins out there, just my 2 cents though but if the amount of stablecoin we owned is some shrimp amount no one gonna bats an eye.

Farma

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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

Twinkledoe

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Quote from: olabiyijummy02 on March 05, 2021, 06:51:42 PM

These two are bothstabel coins but they represent 2 different things, BUSD is more secure in my opinion because it is backed by a massive company which is way bigger than tether in its total market capitalization also binance already plays a big role in the crypto space so i trust them better than the tether

I will prefer BUSD over USDT. Because you're right, BUSD is backed by Binance, which is very reputable company in the crypto market. And we know, whatever happens to your BUSD, it is insured in their platform. However, with USDT, we don't know the truth about their assets. Are they already fully backed by USD assets?

olabiyijummy02

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These two are bothstabel coins but they represent 2 different things, BUSD is more secure in my opinion because it is backed by a massive company which is way bigger than tether in its total market capitalization also binance already plays a big role in the crypto space so i trust them better than the tether

Handsome Boy

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Quote from: Kongxx on February 27, 2021, 12:54:50 AM

Is BUSD no much different from USDT?

Which do you prefer?

actually both have the same function as a stable coin, but it's just that USDT can be used on any exchange and the volume is higher than BUSD, while BUSD can only be used on Binance exchange, therefore I prefer to use USDT rather than BUSDT, because you can use USDT to trading on any exchange (makes it easy for you to trading).

MishaSER

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Of course, it may not be very clear now, but I think that in the future they will replace USDT, you can see how many contests they have, and mostly in tandem with BUSD.

AnonBitCoiner

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Quote from: Kongxx on February 27, 2021, 12:54:50 AM

Is BUSD no much different from USDT?

Which do you prefer?

Preference will vary to person.Based on the knowledge and experience.Both are of similar concept.Both are the stable coin in the crypto market.Now the pandemic is going to lock the resources soon.So better make a good amount as your bank support in the pandemic and jobless situation.USDT is the stable coin between this two.

jostorres

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Quote from: Kongxx on February 27, 2021, 12:54:50 AM

Is BUSD no much different from USDT?

In terms of pricing, no there isn't much difference because they both remain as close as possible to 1 USD in price while in terms of who operates and owns them, there is a difference as big as day and night. BUSD is being controlled by Paxos Trust Company in partnership with Binance while USDT is being controlled and managed by Tether Limited.

Quote from: Kongxx on February 27, 2021, 12:54:50 AM

Which do you prefer?

Being a trader at Binance, I actually recently started to prefer BUSD over USDT because it doesn't make sense not to trust a coin that is being issued by the exchange Binance itself.

I don't have any problems with USDT either and at times I do buy it, it's just random because the value is the same but if I am consciously selling any coin for dollars, it's mostly BUSD.

LittleBitFunny

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Usdt is good but has a chance of getting affected by usa SEC, as like ripple it is the next centralized coin which has a risk of getting affected by SEC.
You can use BUSD or USDC, it depends on your exchange's coin listing. You can use DAI cause it is a decentralized stable coin,
you will find DAI on Binance smart chain as BEP20 and BEP2, you will also find it on Ethereum network as ERC20.

rosebrand

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The two coins are stable coins, there is actually not much difference between the two coins, just that Usdt is much more popular than BUSD and its listed in many more exchanges, for me I prefer using USDT because I find it more convenient to use, everyone has their own choice but am sure many prefers USDT over BUSD.

Reid

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I'll think carefully about keeping these coins.
Stable coins.

Maximize usage of them but never keep it for a long time.
It's not an investment tool. It's just to make the trades faster and easy to handle.
Most of us convert all the time to USD that is why they make such coins. Exit as fast as you could while making profits in using them.
Stay with Bitcoin or trustworthy alts but keep in mind to also never leave it with an exchange.

deathcode

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Quote from: CryptoYar on March 01, 2021, 10:54:46 PM

These two are stable coins, that is, the price is equal to the dollar. For example, if you hold 100 USDT or BUSD, then its value will be 100 dollars even after one or two years. Of these two stable coins, USDT is the oldest and most used coin. Therefore, I will recommend you USDT.

Other stable coins.

\| Name:	\| Price	\| Marketcap
USDT	$1.00	$35,540,353,676
USDC	$1.00	$8,990,939,342
BUSD	$1.00	$2,643,061,178
DAI	$1.00	$2,473,627,633
PAX	$1.00	$1,021,938,541
HUSD	$0.99	$876,752,265
UST	$1.00	$697,777,253
TUSD	$1.00	$292,462,147
SUSD	$1.01	$218,347,544
VAI	$0.93	$168,400,343
USDN	$1.00	$165,165,263
GUSD	$1.01	$125,730,860
USDX	$0.82	$51,798,041
MUSD	$1.00	$46,294,758
USDK	$1.00	$32,308,777
USDP	$1.36	$29,280,667
DUSD	$1.00	$14,074,318
OUSD	$0.99	$6,256,579
EOSDT	$0.99	$5,312,379
USDS	$0.98	$620,128

[ Coingecko ]

USDT is indeed a stable asset that many people recommend. I am sure traders are also familiar with this asset. with a large market capitalization also available on several blockchain networks.
I myself like both but I use BUSD more because I often trade on Binance.

CryptoYar

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These two are stable coins, that is, the price is equal to the dollar. For example, if you hold 100 USDT or BUSD, then its value will be 100 dollars even after one or two years. Of these two stable coins, USDT is the oldest and most used coin. Therefore, I will recommend you USDT.

Other stable coins.

\| Name:	\| Price	\| Marketcap
USDT	$1.00	$35,540,353,676
USDC	$1.00	$8,990,939,342
BUSD	$1.00	$2,643,061,178
DAI	$1.00	$2,473,627,633
PAX	$1.00	$1,021,938,541
HUSD	$0.99	$876,752,265
UST	$1.00	$697,777,253
TUSD	$1.00	$292,462,147
SUSD	$1.01	$218,347,544
VAI	$0.93	$168,400,343
USDN	$1.00	$165,165,263
GUSD	$1.01	$125,730,860
USDX	$0.82	$51,798,041
MUSD	$1.00	$46,294,758
USDK	$1.00	$32,308,777
USDP	$1.36	$29,280,667
DUSD	$1.00	$14,074,318
OUSD	$0.99	$6,256,579
EOSDT	$0.99	$5,312,379
USDS	$0.98	$620,128

[ Coingecko ]

FinneysTrueVision

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Binance has all the hype right now but USDT is far more established and is available on multiple networks so it is more widely supported in the industry. Many decentralized exchanges have added USDT as a substitute for real US dollars. BUSD still has a long way to go to be able to catch up and right now Binance seems to be more focused on competing with ETH than competing with Tether.

dihari

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When we talk about choosing which usd stable coin is better to use, we are talk about regulations. Because these two stable coin are pegged to fiat dollar and it can't be mint as much as they want. Usdt have so many complaint regarding the reports and regulations. You can always check the report issuance and circulation on tether here https://wallet.tether.to/transparency
And for busd, you know it one of the binance product. So if you agree binance is the best exchange right now, then you should agree busd is good and safe stable coin if you use binance regularly. Unfortunately busd doesn't have wide market like usdt.

WalkerIVIV

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Quote from: leatutz on March 01, 2021, 06:58:36 PM

I don't know why so many have some doubts about Tether, which is plus point for binance USD.

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.

leatutz

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Quote from: Kongxx on February 27, 2021, 12:54:50 AM

Is BUSD no much different from USDT?

Which do you prefer?

Now we all will refer to Tether, which has the highest volume and marketcap. Day by day binance is creating a monopoly in the cryptocurrency. Already overcome so many stable coins, only ahead Tether which could fall in the future. I don't know why so many have some doubts about Tether, which is plus point for binance USD.

tvplus006

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Quote from: Renampun on February 27, 2021, 06:03:37 AM

true, although not so different, BUSD is more convincing than USDT...
who doesn't know the developer behind BUSD, its reputation is very good and liquidity is guaranteed. because I am actively trading on Binance, I prefer BUSD.

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.

Traderbtcc

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BUSD and USDT are both stablecoins and they are centralized currencies, although I prefer using usdt cause its listed in so many exchanges, unlike the BUSD which is listed on Binance exchange alone, though we might see exchanges listing it in the future, I don't know if they plan to list on other exchanges, but listing on their exchange alone won't get BUSD the popularity it will need to succeed in the market, let's watch and see what the future holds for BUSD.

ingiltere

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Quote from: Kongxx on February 27, 2021, 12:54:50 AM

Is BUSD no much different from USDT?

Which do you prefer?

They are almost same. Only the issuer is different. I use both, I also use other stablecoins too. I used DAI, VAI, USDC etc. I never had any problem. It's based on where you use that coin. There is no preference, you should adapt your money to the network you want to use.
I don't like fiat money at all and use stablecoins only if needed. Otherwise I wouldn't hold them for long term.

Topic: BUSD Vs. USDT - page 5. (Read 1171 times)