I have permission to ask in this thread, why is BUSD different from USDT?
and why many are choosing BUSD today than USDT according to what I see.
Is that true?
Topic: BUSD Vs. USDT - page 7. (Read 1171 times)
Is BUSD no much different from USDT?
Which do you prefer?
Which do you prefer?
I really don't see much or any difference in both of them as I use both during trade but the only thing is that USDT is probably more listed in different exchanges than BUSD but other than this, I don't see any difference cos both are stable coins on same rate but I use BUSD more when trading on Binance maybe because am trading there and USDT on other exchanges.
They are all centralized stable coin which are believed to back by USD. TBH, I put more trust on BUSD because there is a state:" BUSD is a 1:1 USD-backed stablecoin approved by the New York State Department of Financial Services (NYDFS), issued in partnership with Paxos ". At least they have made this coin regulated whereas USDT has receive hundred of scandals since it was created. Moreover, binance does a lot of things for the community and therefore, BUSD has more of my concern
Though, the more stable coin we have, the more chance we can escape from the big crash if anyone of them start to become a big scam.
Though, the more stable coin we have, the more chance we can escape from the big crash if anyone of them start to become a big scam.
Is BUSD no much different from USDT?
Which do you prefer?
Which do you prefer?
Both are great stablecoins and using both of them would not really make any big difference.
I think USDT is good in overall platforms, you could easily use it and supported in every different exchange or platform. Using the BUSD is I guess better in the Binance exchange and I think safer than using USDT in the platform because it is supported by the Binance, USDT could experience issues even though it is backup by different companies.
So USDT overall and BUSD in the Binance platform is the easy answer.
Is BUSD no much different from USDT?
Which do you prefer?
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its the same bro ill use this same usdt amg busd in binance trading some alts not pair in usdt its only pair in busd thats why ill use that two usdt and busd its both good to use this on altscoin trading
Which do you prefer?
[/quote
its the same bro ill use this same usdt amg busd in binance trading some alts not pair in usdt its only pair in busd thats why ill use that two usdt and busd its both good to use this on altscoin trading
I feel BUSD to be more safer than USDT as they have actual cash frozen. I try to use BUSD pair whenever I'm trading in binance. But when it comes about trading in other exchange or sending between exchanges, I prefer USDT, mostly because it's the only available option and with the introduction of USDT on TRC20, the fees are free as compared to other coins and stable coins like USDC, whose transaction fees are huge.
I believe both. But i think busd is more safe. busd is binance stable coin, And as well i trust binance fully. But, USDT is most popular stable coin and you can found that almost all exchange. And also usdt is most popular coin.
Is BUSD no much different from USDT?
Which do you prefer?
Which do you prefer?
Personally, I'm a USDT user since then, and after my trading session ended I converted my profit and capital into USDT, for keeping the value safe against fluctuation, for the next day, But since the issue of the red flag against Tether USDT, I'm started to doubt it thats why I never use it for the long term instead I replaced it with BUSD but it's okay if you are using USDT just for trading.
They have zero difference in terms of what they do and stand for.
The strikingly common characteristic is that they are both shaky pillars on which the whole house of cards is relying right now. Fiat on-ramping never had a perfect solution. Stablecoins were a hurried up solution. Now these centralized institutions issuing them is just another of the many regulatory risks for crypto enthusiasts.
The strikingly common characteristic is that they are both shaky pillars on which the whole house of cards is relying right now. Fiat on-ramping never had a perfect solution. Stablecoins were a hurried up solution. Now these centralized institutions issuing them is just another of the many regulatory risks for crypto enthusiasts.
Depends on the condition but i prefer USDT, it was the first and the biggest stable coin right now comparing to BUSD and was used almost on all cryptocurrency exchange but even like that BUSD was also an great alternative since it was backed by Binance, Both of that was good and it's your choice to choose but i personally prefer USDT.
Both are centralized stable coins but BUSD looks more safer because I believe it's well regulated and documented if not there will be no room for operational and we know who is behind BUSD, someone who cares more about his reputation and also have alot to lose if something goes wrong, binance exchange matters in crypto space
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.
BUSD is not having a lot of different with USDT. The only thing that makes both different just the blockchain that already used to issed both stable coins.
I prefer with BUSD rather than USDT caused by it was getting backed by the best crypto exchange site. Binance is also having enough reserved funds to backed its own stable coin. I do believe with BUSD.
I prefer with BUSD rather than USDT caused by it was getting backed by the best crypto exchange site. Binance is also having enough reserved funds to backed its own stable coin. I do believe with BUSD.
Is BUSD no much different from USDT?
Which do you prefer?
Yes it is, i personally prefer USDT over BUSD caused by the fees are even cheaper than BUSD when you are using TRON USDT. It has also accepted in all exchange sitesWhich do you prefer?
I have some options to send USDT too. The liquidity should also become the main consideration for me to choose USDT over BUSD even BUSD created by binance as the biggest exchange site and im not feeling convenience with BUSD.
Im still choosing USDT over BUSD.
If I am correct then BUSD is Binance USD a stable coin promoted by Binance exchange. It is only listed on Binance and few local exchanges. You can find out more about BUSD here - https://coinmarketcap.com/currencies/binance-usd/markets/
Both BUSD and USDT are stable coin, I prefer USDT as it is available on most exchanges.
Both BUSD and USDT are stable coin, I prefer USDT as it is available on most exchanges.
It all comes down to which stable coin is backed up 1:1. The former has no known accusation of market manipulation while the company behind the latter just settled 41.5 million with NY's Attorney General. Yeah they they didn't admit any wrongdoing but they still pay to avoid further diggings into their previous year's activities.
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They're the same thing, what makes them different is just how much exchange they were listed on therefore makes it really convenient to trade if they're listed on various exchanges of your choice. Other than that maybe who's behind that stablecoin but honestly doesn't matter that much as long as you used it temporarily not for hodling too long.
I'm myself prefer USDT just because I've used it since long time.
I'm myself prefer USDT just because I've used it since long time.
Both are centralized stable coins but BUSD looks more safer because I believe it's well regulated and documented if not there will be no room for operational and we know who is behind BUSD, someone who cares more about his reputation and also have alot to lose if something goes wrong, binance exchange matters in crypto space
Is BUSD no much different from USDT?
Which do you prefer?
Which do you prefer?
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