Topic: What stable coin are you into? - page 3. (Read 460 times)
legendary
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My first choice will be BUSD, it's not caused by how decentralized the network used by BUSD but i still prefer to pick the stable coin or token based on what company behind the token. Whether the company can be trusted or not?So far binance was the biggest exchange site in the world and it has so many proper assets build on its ecosystem. Im not feeling worry to hodl BUSD for now. It's caused by i will try to always believe and use the stable tokens that issued by the most reputable party in the cryptocurrency.
I like BUSD. It is supported by Binance and they have enough money to cover their BUSD two times over, which is why it looks like the most secure version right now. I believe that there is a good case to be made for it to go above USDT in the future as well.
People have been picking other stuff like BUSD or USDC over USDT recently and that is mainly because people like to prefer the ones that are backed by bigger companies. Tether is nothing, Bitfinex is nothing as well, whereas Coinbase and Binance are huge companies and that is why I believe that their stablecoin would be better in the future as well.
People have been picking other stuff like BUSD or USDC over USDT recently and that is mainly because people like to prefer the ones that are backed by bigger companies. Tether is nothing, Bitfinex is nothing as well, whereas Coinbase and Binance are huge companies and that is why I believe that their stablecoin would be better in the future as well.
Between BUSD and DAI stable coin which one would you prefer and why? One is centralised and the other is decentralized is there anything else?.
Both of the coin want to track a stable value of the USD. Like you said one decentralised and the other one not. I don't own any of these two, the only stable coin I invested in the past is USDT. It's the biggest stable coin, for me it gives some additional security for being the market leader. Usually I prefer decentralised systems , but when it comes to stable coins centralisation might be better. So if I had to choose one of the two coins I would probably go with Busd, as it's also regulated by the government.
I often use centralized local exchanges, one of which is the Tokocrypto exchange, so I prefer to use the stable coin BUSD over DAI because BUSD makes it easier for me when I want to convert it into fiat money and by using BUSD I don't incur large transaction fees when I want to make transactions to other exchanges like with the Binance exchange.
Transactions from the tokocrypto exchange to the Binance exchange are also read as internal transactions so the fees will obviously be less and faster too and this can be considered a very good stablecoin choice, as it is not only easy for users, but also accessible to everyone because of the fees which is very cheap. 
DAI gas fee is too high so I almost don't use it, I use USDT and BUSD so far. BUSD is a stable coin developed and used exclusively for transactions on Binance, if you are using Binance to trade then BUSD is a great option with low gas fees.
USDT is probably the most scandalous and risky stablecoin but now it is being used as the base trading pair of all coin pairs.
USDT is probably the most scandalous and risky stablecoin but now it is being used as the base trading pair of all coin pairs.
I believe that DAI is running on erc20 smart contract and that makes things sucks because gas fee will be higher, I trust BUSD more because it's from Binance even if it's centralised we all know how reliable binance CEO is and also BUSD have the highest volume.
That's what I'm thinking too but the problem is when you hold it for so long and these things when being centralized have some kind of features where they can auto-lock all the BUSD right there but that's not gonna happen just a mere theory because there's no reason for them to do that anyway. You can choose it and convert it to bitcoin when you decided to hold it if again just don't rely on centralized coins because as we said, it has some issues.
Between BUSD and DAI stable coin which one would you prefer and why? One is centralised and the other is decentralized is there anything else?.
BUSD so far, because it is used in Binance mostly. Although it may not be found in some global exchanges. However, in the global exchanges, I am still using USDT mostly. Although many people say that USDT is not safe and not recommended, so far, I am still using this for trading and also having no problem with this. However, I am not using it for holding, only for trading.
I prefer BUSD over DAI, because for me BUSD has a higher volume of trading power every day and I can spend BUSD on any coin.
there are many stable coins in cryptocurrencies, of course it will make beginners confused,
but don't worry, because here many have recommended stable coins that are good and of course safe,
I have 2 stable coins that I recommend, the first is BUSD and the second USDT.
but don't worry, because here many have recommended stable coins that are good and of course safe,
I have 2 stable coins that I recommend, the first is BUSD and the second USDT.
I prefer BUSD or USDC sometimes USDT. In general, the main thing is as a link to the transitional moment of buying any coin on many major exchanges. And to be honest, I’m just used to the BUSD coin and practically don’t use others.
Depends, I wouldn't choose both if for hodl in the long terms. But if I want to trade I will probably use Busd. If in a market that supports Busd coin, because the fee is cheap and quite fast. If there is any other option other than these two then I wont use it either if its useless, honestly I don't hodl long too often any stable coin.
Between BUSD and DAI stable coin which one would you prefer and why?
I prefer BUSD over DAI, for me decentralized didn't matter a lot in my life. Decentralization is only playing a very important role when you wanna try to hodl your stable coin for long term but to be honest so many whales are also holding their BUSD and they are not facing the same problem like what happened with USDT. Both were safe but i prefer to pick BUSD over DAI. One is centralised and the other is decentralized is there anything else?.
That must not become the main concern. I will trust binance rather than DAI. This company has backed its BUSD with real money and it's fully backed by the dollar. It's also having very cheap transactions even in some exchange sites the fees was almost zero. There's no better stable coin than BUSD. The best stable coin so far.
BUSD have Changpeng Zhao (binance CEO) it's obvious that people will trust BUSD more apart from it's cheaper transaction fee, BUSD belongs to the most trusted centralised crypto exchange and that's why I'm also on BUSD/Binance exchange train.
DAI is more decentralized than BUSD but I am using BUSD more. BUSD has high trading volume and cheap transaction fees, BUSD is backed by Binance, the exchange with the largest user nowadays. even though it is a centralized stablecoin, i feel safe using it as i trust the reliability of binance and i have not had any problems using it.
And Iam also a regular trader on Binance, so BUSD is my favorite stable coin.
And Iam also a regular trader on Binance, so BUSD is my favorite stable coin.
BUSD is the better choice because it's from a top crypto exchange called binance, since this exchange cane into play the teams have proven to be different, they are responsible for fixing ETH high gas with BNB smart chain too yes I trust them even more than DAI ( a decentralized stable coin ).
Most of the time using Binance so I am biased here with BUSD. Haven't checked DAI yet as I was comfortable with the old one.
I think this depends individually on where they are or what exchange they use specifically. If you are in Binance why would you go far in using other stable coins rather than their own? It also avoids confusion. While if you are in a different exchange, that's when you are supposed to look for other options.
BUSD it is.
I think this depends individually on where they are or what exchange they use specifically. If you are in Binance why would you go far in using other stable coins rather than their own? It also avoids confusion. While if you are in a different exchange, that's when you are supposed to look for other options.
BUSD it is.
I am not a great supporter of stable coins despite there are some cases these are really useful.
Inside exchange I use for "short terms" USDT because it's widely accepted, and I can move with other exchanges/wallets .
Storage outside exchange (my keys), I am using xdai due the lower tx fees and easy app to use it.
https://coinmarketcap.com/it/currencies/xdaistable/
This stable coin has been used also by Austrian Crypto Stamp shops https://crypto.post.at/
Inside exchange I use for "short terms" USDT because it's widely accepted, and I can move with other exchanges/wallets .
Storage outside exchange (my keys), I am using xdai due the lower tx fees and easy app to use it.
https://coinmarketcap.com/it/currencies/xdaistable/
This stable coin has been used also by Austrian Crypto Stamp shops https://crypto.post.at/
Between BUSD and DAI stable coin which one would you prefer and why? One is centralised and the other is decentralized is there anything else?.
Personally, when using CEX I always choose BUSD, when DEX USDT.
Compare to trading fee in Binance BUSD is lesser than USDT
Between BUSD and DAI stable coin which one would you prefer and why? One is centralised and the other is decentralized is there anything else?.
If I'm trading in Binance, obviously, I'll choose BUSD.But if I'm going to retain my wealth in stable coins, I'll choose DAI and that's for sure. If it's about the concern of fee because of DAI's running through Ethereum's smart contract and it is an ERC20 token, it's starting to drop these days. I've been checking it at all times and for the past week, I can say that it have really been cheaper unlike the past months.
I believe that DAI is running on erc20 smart contract and that makes things sucks because gas fee will be higher, I trust BUSD more because it's from Binance even if it's centralised we all know how reliable binance CEO is and also BUSD have the highest volume.
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