USDT or BNB? - page 8. | Bitcointalksearch.org

WalkerIVIV

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Quote from: hack3rcon on November 27, 2021, 06:16:35 AM

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

Im voting for binance coin but i think that it doesn't matter whether you wanna swap it in binance or USDT as long as you can still keep small amounts of binance coin in your wallet as the transacton will need you to pay some fees. The fees on binance smartchain is relatively small and anyone can afford it right now. that's why so many traders are moving to the binance smartchain.
The fees that used to pay the swap will be the same whatever you exchange it to the bnb or USD. I think that you can also check the current fees of binance smartchain again.
It's very small. It costs less than 10 cents for any transactions.

Bollexz1

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The Binance Coin (BNB) is more suitable for me when it comes to swapping. And talking of USDT, I love it too considering its fastness when it comes to transaction and how it is widely spread and acceptable.

LUCKMCFLY

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If the problem lies in BNB in terms of the network, it is natural that many prefer the BNB network than that of ETH for the simple fact of the cheaper fees, however to make a transfer of BNB or any altcoin in the BSC network it is necessary It requires at least a minimum of 100USD because the BSC network is very congested and that implies more cost for transactions, however if we compare it with the ETH network when the ETH2.0 update comes out, the fee problem will be It turned out, or at least that's what is expected, but in the meantime in terms of money, fiat or crypto to have BNB or USDT already lies in what the investor or trader wants.

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Quote from: hack3rcon on November 27, 2021, 06:16:35 AM

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

Thank you.

I would choose BNB, I did that to save on gas costs, why would I do that? yes, when you have tokens and convert them to BNB then you don't have to worry about buying BNB anymore because BNB is reduced for gas costs, if you exchange tokens for USD the cost might be a bit expensive, not up to $1 but all users have the option of exchanging tokens with coins in the LP pool, you can choose USD if you want to exchange it to Fiat and choose BNB if you want to buy another coin to invest in Dex exchange. because it is your choice

TelolettOm

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Quote from: hack3rcon on November 27, 2021, 06:16:35 AM

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

Swapping token?
If that is about swapping, I will prefer to use BNB. Because yeah, tje fee is lower when you are going to transfer it also to another wallet to exchange.
Additionally, the BNB can be also commonly the fee to be used as gas fee trasaction when going to trasnfer it.
Btw, when going to swap token, ensure that yoi have some BNB as a fee.

stadus

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It's depending on the network, but I tell you not the cheapest but the most expensive and that is the ERC20- USDT because ETH is currently congested and charges a high transaction fee. You can check this article below for the comparison.

https://ccfox.zendesk.com/hc/en-us/articles/900000957406-Difference-in-Three-USDT-Chain-OMNI-ERC20-and-TRC20

TinaK

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Quote from: hack3rcon on November 27, 2021, 06:16:35 AM

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

Thank you.

Both have different functions and you can't compare them.

For swapping purposes, it depends on which coin do you want to swap. For ERC20 coins, it is better to use USDT and for the BEP20 coins, a good thing to have is BNB. The more cheap I think is the BNB coin but you can only use this on a few exchanges and if you are in Binance, this is a good coin to choose when worrying about the fees. If you are going to ask me, prefer to use BNB for swapping.

SlimShadyMmp

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It depends on the chain you are using If its binance chain then sure swap away It literally cost maybe a dollar but if you are using the eth chain for er20s like usdt then its pretty expensive I will much rather use other chains if I have the choice Also there is bep20 usdt on the binacechain

GbitG

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Quote from: Hasan986 on November 28, 2021, 03:25:45 PM

BNB and USDT are two different things. Usdt is a stable coin. Bnb is constantly increasing and decreasing. In my opinion it is better to keep usdt according to the current market if it is a small trader. However, BNB still has a long way to go.

Your reply is completely not relative, you need to read OP before giving any reply because it's much better for you and others.
OP is asking about swapping so already many members give their opinion's about this, but you are doing this all just for post count which is not helpful for anyone. So please next time read and then post your reply, it's much better for you and others.

livingfree

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Quote from: Hasan986 on November 28, 2021, 03:25:45 PM

BNB and USDT are two different things. Usdt is a stable coin. Bnb is constantly increasing and decreasing. In my opinion it is better to keep usdt according to the current market if it is a small trader. However, BNB still has a long way to go.

For holds, BNB as a good choice if you believe it will be more than its last ATH.

On USDT, if you want to do transaction on it most of the time just avoid the protocol on ERC20. The fee ain't cheap and that's why you should choose the tron network or any other protocol of it that has way cheaper to send.

Kavelj22

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Quote from: hack3rcon on November 27, 2021, 06:16:35 AM

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

Thank you.

It depends on the token you are willing to swap.
But first let me inform you the difference between the two pairs you mentioned BNB and USDT. BNB is a cryptocurrency developed in top of ethereum and have a volatile price and you may chose it if you are looking for an investment opportunity. USDT is a stable coin which you can find developed in top of many blockchains including ethereum and you can use it if you just want to make a fast swap without the risk of losing a small portion from the value due to price flactuation.

Hasan986

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BNB and USDT are two different things. Usdt is a stable coin. Bnb is constantly increasing and decreasing. In my opinion it is better to keep usdt according to the current market if it is a small trader. However, BNB still has a long way to go.

tvplus006

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Quote from: hack3rcon on November 27, 2021, 06:16:35 AM

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

If we compare BNB and USDT, the latter has more use cases in the swapping due to the huge number of blockchains that support this stablecoin. The main difference between them is that the USDT price is stable, and the BNB price can change according to market sentiment.

riskarcher

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USDT or BNB are the same cheap depending on what network swap uses, whether using ERC20 or BEP20 if using the BEP20 network of course the gas fee will be cheap, only around 0.1$. I usually do swaps using a trustwallet and every USDT transfer I always use the Binance smart chain BEP20 network instead of using ERC20 which has expensive gas fees

MarjorieZimmermanGinger

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Quote from: hack3rcon on November 27, 2021, 06:16:35 AM

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

Thank you.

As far as I know Binance is cheaper for swapping, of the many I have done and probably actually the cheapest Binance for now, you can also look from the various sources available, between binance and USDT, but almost everyone nowadays uses the network Binance for swapping, previously in this forum it was also hot to talk about which network has a cheaper rate for swapping, but if you compare it to other networks Binance is not cheaper at the moment, but because you made two examples, then Binance is the better.

irsykes

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Quote from: hack3rcon on November 27, 2021, 06:16:35 AM

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

Thank you.

If according question, both as long it is in Binance Smart Chain (BEP20) then fees is not a problem. There are a lot of tokens include USDT or BNB (BSC) which we can swap in dex or maybe deposited into market with BEP20 network with cheaper fees if compared than ERC20 network.

Mosarof22

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I think you wanted to say which one to take by swapping the token BNB or USDT. Then I would say that you can swapping any token. But token swapping bnb and if you hold it then BNB will benefit you in future. And if you swapping the token and put it on USDT you will not gain in future but there will be no loss.

adiebitsler

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Quote from: Swopon on November 27, 2021, 09:34:46 AM

Network is the main factor here to determine it. We all know that eth network is higher in comparison with BNB. If you would like to spend less gas fee, you should go for using BNB based network. Because of expensive fee in Eth network.

USDT is also on the BNB network as well as on many other networks, only if to save costs and want to swap to stablecoins then a very wise choice would be BUSD, but that is not in the choice of topic, which is a shame.

bL4nkcode

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Quote from: shawon01 on November 28, 2021, 10:36:15 AM

I think bnb to usdt is better because the price of usdt does not increase or decrease again it is seen that bnb price is decreasing this is increasing this is ricks I think usdt is better

Neither of your answers are the one OP's trying to hear/read. It's not the price/value of bnb to usdt or vice versa matters. It's how the fees (cheaper or not) are which actually was answered already by above answers.

To op, Binance Smart Chain (BSC) related tokens are the ones are cheap almost zero fees (for USDT and binance coin obviously) compared to other platform particularly than the erc-20 or ETH tokens.

shawon01

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