USDT or BNB? - page 5. | Bitcointalksearch.org

blockman

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Quote from: ?? on ??

Of course BNB, stable coins I only use for trading, in the end I will switch to BNB, a coin that will continue to shine because it is supported by top exchanges that already have the highest reputation, I'm happy because I got to know BNB when the price was $12 and now I have gotten a big profit from investing BNB.

Good for you when you've known BNB for that cheap. But did you manage to stock up a lot of it when it was totally cheap? I also saw BNB when it was totally cheap.
But the bad thing is that I didn't give my attention to it, there's a small regret of not buying it when it was low. Well, that's it and I just have to bear with that regret of mine.

Galley

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Quote from: Renampun on December 18, 2021, 01:58:41 AM

Quote from: hack3rcon on November 27, 2021, 05:16:35 AM

Hello,
Which one is more cheap for the swapping? The Binance Coin or USDT?

Thank you.

depending on what network you are using...

polygon, bsc and avax networks charge low fees for both, currently many CEX/DEX exchange platforms have adopted multi chain so you don't have to be afraid of swap fees.

We can only welcome the polygon network, considering it from the point of view of payment per transaction. I have been using it more and more often lately, especially since there are no problems transferring funds from one network to another.

aruldaroy

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As far as I know the swapping process on the binance smartchain is very cheap compared to when we exchange it on the ethereum blockchain and the fees on BNB are very different from uniswap.
So far many have chosen the BNB network over the ethereum blockchain because apart from the low cost the network is also easy.
investors also prefer BNB as their investment coin because they know that if BNB follows the market price,
if the market price goes up then the price of BNB will automatically go up as well as if the price of BNB goes down.

Renampun

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Quote from: hack3rcon on November 27, 2021, 05:16:35 AM

Hello,
Which one is more cheap for the swapping? The Binance Coin or USDT?

Thank you.

depending on what network you are using...

polygon, bsc and avax networks charge low fees for both, currently many CEX/DEX exchange platforms have adopted multi chain so you don't have to be afraid of swap fees.

nurulhmani1280wat

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Remember it really depends on the platform you use, if you use BNB or USDT based on BEP20/BEP2 token swap fees are relatively cheap, then when you use the ETH/USDT and ERC20 platforms the gas costs are of course very large.

Orange89

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I think USDT will be Cheap for Swapping the only reason because of price deflation of BNB coin but if you need trust then then both of them are good but USDT trust is more reliable due to it's more acceptance but in term of Volume bnb is amazing and it also had bright future and definetly a gem token to hold on your portfolio

TimeTeller

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Quote from: Alert31 on December 17, 2021, 06:47:05 PM

Quote from: hack3rcon on November 27, 2021, 05:16:35 AM

Hello,
Which one is more cheap for the swapping? The Binance Coin or USDT?

Thank you.

In terms of transaction fee, using BSC is the cheapest way to swap your coins into other coins or to usdt. Ethereum gas fee so far is too expensive that's why people are using Binance smart chain.

But if you are talking about trading pair I always use usdt pair with other coins like bitcoin/usdt, BNB/usdt, ETH/usdt...etc. USDT is a stable coin, BNB is not, so it's up to you what you prefer to swap and where are you going to use it.

There are other factors to consider here just like what Alert mentioned.
Also, you need to consider the trading platform that you will use because they have different fees.
We don't know exactly what is the OP's purpose here because sometimes it matters.
So his question is quite vague. What is his end game why he is doing this swapping thing?

Alert31

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Quote from: hack3rcon on November 27, 2021, 05:16:35 AM

Hello,
Which one is more cheap for the swapping? The Binance Coin or USDT?

Thank you.

In terms of transaction fee, using BSC is the cheapest way to swap your coins into other coins or to usdt. Ethereum gas fee so far is too expensive that's why people are using Binance smart chain.

But if you are talking about trading pair I always use usdt pair with other coins like bitcoin/usdt, BNB/usdt, ETH/usdt...etc. USDT is a stable coin, BNB is not, so it's up to you what you prefer to swap and where are you going to use it.

bhooscream

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Quote from: hack3rcon on November 27, 2021, 05:16:35 AM

Hello,
Which one is more cheap for the swapping? The Binance Coin or USDT?

Where do you want to swap?
Commonly there will be always a range of the fee rate for swapping both in USDT, BNB, ETH, and others. And this, you can consider the swap.
However, I think I will prefer to choose BNB, if this is available, i can use the network of BSC or Binance Chain also. The fee of transferring is commonly lower for BNB than USDT (which commonly uses USDT ERC20).

magneto

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For most trading pairs probably USDT, just because they've got so much more liquidity and available trading pairs.

But for some tokens that are only traded on BSC DEXs, perhaps you will find better prices using the BNB token.

Honestly depends on the situation though and you will have to evaluate your specific circumstances.

apur688

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I think for swapping you can choose BNB, it is the cheaper one.

But I think you should change the question that which network is cheaper?, I think now almost all the stable coin in many networks. For example, USDT, it's been on BEP20, ERC20, TRC20, BEP2, etc.

What USDT or BNB do you mean to the question? Bnb and usdt are in BEP20, and both of them are in ERC20 too, so I think BEP20 Is the cheapest one.

Charles-Tim

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Quote from: DarkDays on December 17, 2021, 02:40:02 PM

USDT to me still seems a little unstable and considering the law case, personally I try to stay away from it whenever possible.

Fiat is depreciating, yes. Stable coins are fiat pegged coins, yes. But OP was all about which one would come with low fee during swapping. I understood your points, you were never also wrong too.

Quote from: DarkDays on December 17, 2021, 02:40:02 PM

For sure, there are other ~~stable~~ coins representing other blockchains but seems like BNB is still the largest to this day.

You meant unstable coins.

DarkDays

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Quote from: Maestro75 on December 17, 2021, 02:15:52 PM

Quote from: Charles-Tim on November 27, 2021, 06:59:19 AM

On Binance Smart Chain (BEP20), the fee is much more lower, BNB and USDT are both on BSC, the fee also is both low and should be the same.

This is why alot of users are moving to Binance Smart Chain. It even cuts across the binance pegged BUSD which is even zero charge or less than nothing when moving it from binance to some apps like the Trust wallet. On the contrary, the high fees of bitcoin and ethereum withdrawals is nothing to write home about. The high charges makes you conclude that traders and investor's concerns are not considered at all.

BNB is the way hands down. USDT to me still seems a little unstable and considering the law case, personally I try to stay away from it whenever possible. BNB is the coin leading BSC, so I can only imagine it will increase in popularity. For sure, there are other stable coins representing other blockchains but seems like BNB is still the largest to this day.

DOT is also another one to my view to keep an eye out because the parachain layer 1 solution is going to be huge, with more projects soon building on it. You only need to take a look at the Polkadot Master Ventures VC found to get an idea of what's coming.

andyou1234

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both of these altcoins have a network that both have very low fees, it is very good to recommend both, where bnb is very volatile while USDT is stable so it is very safe to exchange our money in USDT if the market is chaotic, but I personally prefer chose BNB because the potential for binance is higher, so the opportunity to increase further is very high and profitable.

Maestro75

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Quote from: Charles-Tim on November 27, 2021, 06:59:19 AM

On Binance Smart Chain (BEP20), the fee is much more lower, BNB and USDT are both on BSC, the fee also is both low and should be the same.

This is why alot of users are moving to Binance Smart Chain. It even cuts across the binance pegged BUSD which is even zero charge or less than nothing when moving it from binance to some apps like the Trust wallet. On the contrary, the high fees of bitcoin and ethereum withdrawals is nothing to write home about. The high charges makes you conclude that traders and investor's concerns are not considered at all.

lottery248

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beware of your keys.

i have made this thread to talk about how unsafe USDT currently is. in general, if you aren't big whales, you won't have enough money to pay the minimum redemption fee. as a result, i believe BNB is generally better.

mafoja1

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The difference between usdt and bnb that I find is that usdt price does not increase or decrease and on the other hand bnb price fluctuates according to market, when market increases then bnb price increases and when market decreases then bnb price also decreases.

Fivestar4everMVP

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Quote from: hack3rcon on November 27, 2021, 05:16:35 AM

Hello,
Which one is more cheap for the swapping? The Binance Coin or USDT?

Thank you.

If you are asking about swapping your asset to either bnb or usdt on pancakeswap, I did tell you that there is absolutely no significant difference, I've tried it several times so am very sure there is absolutely no significant difference in prices, and I also speaking of fees, bnb and usdt transactions on BSC are always cheaper than the rest.

evichi

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The choice of coins for cheaper swap fee will depend on the blockchain network being used. One of the main reasons that made BNB popular is the Binance Smart Chain (BSC) network. which is a lot cheaper when compared with Ethereum network. USDT operates on different networks namely - ERC20, BEP20, TRC20, etc. Though the value of the USDT remains the same, the swaping fee from the choice coin to USDT varies according to the network choosen for the transaction.

However, if USDT is compared with BNB on the same network for swaping, that is BSC network, I think the swaping fee will not differ much or might be the same. But lf USDT is used to swap on Ethereum network, the gas fee is significantly very high. It is important to take note of swaping fees especially when dealing with Ethereum network. Swaping on Binance Smart Chain network is significantly cheaper when compared with Ethereum network.

lenovop-70

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USDT and BNB are both equally cheap when we swap, usdt has a BEP20 network when we exchange, while BNB also has a smart chain binance network and also a BEP20 Smart Chain. since Ethereum gas fees went up I used the binance smart chain network on every exchange I did which was definitely usdt,bnb both are cheap when swapping.

Just like I did here, I think they are the choice of most people here who avoid the expensive transaction fees of ERC20. I think I'll switch to another network outside of BSC as well when their fees also creep up as the price of BNB gets higher. It is my principle to make as much profit as possible at minimum cost.

Topic: USDT or BNB? - page 5. (Read 1388 times)