Topic: Which is safer, USDT or Binance USD? (Read 939 times)
BUSD if you plan to operate at Binance exchange and stay there for a long time or have high hope for its future there. Else, USDT all the wall. Yes, there are still a lot of shady around USDT but at least, it has a very high market cap over BUSD, and many exchange support it so you are less likely to get a problem. Oh I mean in case of exchange get hack, Binance exchange to be more specific.
Once you're using Binance platform, i think that the BUSD would be the recommended choice based on the preferences settled by the Binance platform. I don't like USDT anymore because of their operating company but in the other side we all know that Binance has proved that it's one of the biggest companies in the last couple of years that you can really rely on. So, shortly i recommend using The BUSD instead of USDT.
I'm going to deposit some money into Binance Lending, i find BUSD's interest rate is 1% higher than USDT. Which one is better?
It's crystal clear that BUSD yields better interest rate on Binance lending, now I don't understand the reason for asking which is better again? Just go for BUSD if you actually want to take part in Binance lending, but if it's for other purposes, then USDT obviously has higher volumes and Liquidity across several exchanges and has been in existence before BUSD.
If you ask me to choose one, i will surely choose BUSD for long term. There are several causes behind this. Frist of all, there are some issues with USDT. You can google it for more details. On the other hand, Binance has taken the place of our trust.
I have shifted my most trade to USDC as it's from a US based company and have the amount of fiat to back it's token. I think it would be among the safest stablecoin. I'm almost entirely trading in binance so I'd call BUSD a safe coin as they have a proper escrow but if anything bad happens on binance, the safety of those coin might come in danger.
I am yet to trade using any other stable coin other than USD from exchanges or USDT and most of the time i would be holding it for a short period of time and i need to look at USDC as the big rally in the cryptocurrency market is fast approaching and if i have a better stable coin when it comes to trust i would be using that than using USDT.
I think at this moment both of them are good and trusted in this crypto community. There is many news and fuds about usdt. But at the meantime it is the most used stable coin available in the market. So it's the coin most people trust. I used a lots of trade in usdt and there is no problem. And in other hand binance is one of the trusted name available in the market. So there is no chance about scaming. So I would suggest you that go with that which is profitable for you.
I will obviously suggest USDT rather than BUSD because if Binance scams or hacked then BUSD will be vanished but USDT Crypto coin will not go anywhere.
But Binan USD coin chain is more faster for transection.
But Binan USD coin chain is more faster for transection.
I think USDT is better than binance USD. If we see the volume and rank, we can observe the USDT better postion, now choose is your, but i am the side of USDT.
Higher volume and rank are not benchmarks determine that it's better than others. And remember USDT is centralized, it can be frozen and many negative news about it, so for secure, i think it's better to choose Binance USD than USDT
I think USDT is better than binance USD. If we see the volume and rank, we can observe the USDT better postion, now choose is your, but i am the side of USDT.
Centralized cryotos can't be trusted so any stable coin is under risk of burst,but for now the tether is continuously printing lot of them and diluting the market so I dont trust it for this action so better go with Binance USD.
I have shifted my most trade to USDC as it's from a US based company and have the amount of fiat to back it's token. I think it would be among the safest stablecoin. I'm almost entirely trading in binance so I'd call BUSD a safe coin as they have a proper escrow but if anything bad happens on binance, the safety of those coin might come in danger.
How can BUSD fall if the coin is having an escrow, if there is any mishap of binance then also there shouldn't be a problem as the funds are with an escrow and then it will be his responsibility to give the money back to people if the BUSD loose its liquidity. But USDT is still the industry standard when it comes to stable coins as it is the oldest and most liquid stable coin in the entire market. But I always have a doubt on the USDT team if they are cheating with the public and aren't having that much funds with them as they are promising to the public.
There are risk on trading with every crypto. Even they are said to be fixed to a fiat, no one can guarantee they'll be able to deliver exact amount at any time. Of the two you mentioned, USDT is the most popular, most used and widely accepted yet the most controversial. The Tether team are trying to give reasons why they don't have the equal amount to back the token but their explanation is not going to pay user in case the entire crypto market goes to zero. People look for stable coin because they want to be safe even in the case of crypto catastrophe.
BUSD is better on binance exchange so if you are using binance then choose BUSD but generally USDT is more better if you aren't using binance exchange, USDT is available everywhere and it's one of the few stable coins with highest volume
Yeah, I think BUSD is created just for binance since it is like its native token just like BNB which works exclusively on binance, while USDT has already been in the market in different exchanges and that is a big advantage for USDT.I have shifted my most trade to USDC as it's from a US based company and have the amount of fiat to back it's token. I think it would be among the safest stablecoin. I'm almost entirely trading in binance so I'd call BUSD a safe coin as they have a proper escrow but if anything bad happens on binance, the safety of those coin might come in danger.
BUSD is better on binance exchange so if you are using binance then choose BUSD but generally USDT is more better if you aren't using binance exchange, USDT is available everywhere and it's one of the few stable coins with highest volume
Yeah, I think BUSD is created just for binance since it is like its native token just like BNB which works exclusively on binance, while USDT has already been in the market in different exchanges and that is a big advantage for USDT. 
I'm going to deposit some money into Binance Lending, i find BUSD's interest rate is 1% higher than USDT. Which one is better?
USDT and BUSD are both good, but if you see BUSD interest is bigger than USDT, then you better choose BUSD, because as long as Binance is still the largest exchange and many people are still using the Binance exchange, I think BUSD will remain safe, so you don't need to worry about using BUSD.
I'm going to deposit some money into Binance Lending, i find BUSD's interest rate is 1% higher than USDT. Which one is better?
They give better offers with BUSD so that many people prefer to using it than USDT.
USDT is safe, it is the most popular stable coin, but Binance USD i think safe too. Even if the exchange getting hacked, they still have SAFU.
Probably 50-50, both coins have their own risks, the SEC can always strengthen control, or something can happen to the Binance and Bitfinex exchanges.
I'm going to deposit some money into Binance Lending, i find BUSD's interest rate is 1% higher than USDT. Which one is better?
Since you trade in binance, I'll advise you go with Busd. I also had the same experience, but I noticed that Busd has a trading pair with the fiat I may need, so I decided to trade with Busd, it's either similar or almost similar with USDT. But binance has a way of giving their own a better publicity and opportunity in their exchange, since you trust binance to trade, you should also trust Busd as a store of value.
actually both coins are equally stable coins, so in my opinion there is no problem if you use it to get interest in landing.
but in terms of marketcap and usage of USDT it is far superior to any stable coin.
but in terms of marketcap and usage of USDT it is far superior to any stable coin.
I am much confidant and believe that usdt is more trustable than binance usd. Hopefully, binance usd is a good coin, but you should invest on usdt. I always see the price of usdt is almost 1usd.
USDT is a stable currency so its price fluctuates very little and this only happens when the price of bitcoin is pumped or dumped heavily. Investing in USDT does not bring about profits for investors. Jump to: