What stable coin are you into? - page 4.

AbuBhakar

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Quote from: Kalchef on March 13, 2022, 07:29:45 PM

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?.

I will go for BUSD do to its convenient feature such as high volume and cheap transaction fee. Centralized problem is not a big issue anymore since Binance is the biggest exchange in crypto right now so the chance if being scam or rug is very unlikely to happened ATM. USDT is being accused a lot of allegations and they are proven doing shady things since it was created on 2014 but where they are right now? Still operating and the strongest stable coin in the market until now. Wink

noorman0

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It depends on your needs. Since DAI is more widely accepted across centralized services, I would prefer DAI if I want to store in my personal wallet and trade a lot on global exchanges. BUSD is not very comprehensively used other than Binance itself, BUSD is only supported by Binance partners.

I personally don't keep both in my personal wallet, almost never.

cryptoaddictchie

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Quote from: Kalchef on March 13, 2022, 07:29:45 PM

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?.

Im using binance so I am using much of busd instead of dai. But on dex I think you can use usdt and usdc for much bigger volume. For centralized busd is good, cause its from binance and I like the no fee inccured during trading orders and setting orders. For dex, I am more keen on using usdc but dai also on some of my used dex. Anyway both are good.

BitMaxz

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Based on rankings BUSD is a much higher volume than DAI and the bad thing about DAI is you will pay a high gas fee compared to BUSD.
Also, BUSD has more liquidity than DAI.

So for me, I choose BUSD but the only problem is yes it's centralized, unlike DAI. As of now, I don't see any issue with using BUSD unless you want to hold them for a long time but if you are planning to hold it for a long time then DAI would be the best but take note of gas fees in the future and stable coins are not good to hold for long term or as a store of value, unlike other coins.

Kalchef

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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?.

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