Which is safer, USDT or Binance USD? - page 2.

pedpedped101

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Quote from: tippytoes on August 07, 2020, 05:03:23 PM

Quote from: kawser05 on July 09, 2020, 12:09:48 PM

depending on what platform you will use to trade, if you use Binance Platform then it's better to recommend BUSD than USDT, but in terms of price, maybe USDT is safer and can maintain its value as well.

Yes, if the trader will be under Binance, there's advantage of getting the BUSD. However, don't put all your investments on that. It is always better to diversify your portfolio. Because you have no idea what will happen next, it is better to safeguard your funds by putting them into various currencies.

Whatelse are you protecting since you are doing it on binance platform itself. This is the exchange platform that owns BUSD and doing it with their cpin should be better. Well, USDT can be a good choice too because it has been in the space for quite some time now and it is well recognized. Binance itself recognises it.

tippytoes

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Quote from: kawser05 on July 09, 2020, 12:09:48 PM

depending on what platform you will use to trade, if you use Binance Platform then it's better to recommend BUSD than USDT, but in terms of price, maybe USDT is safer and can maintain its value as well.

Yes, if the trader will be under Binance, there's advantage of getting the BUSD. However, don't put all your investments on that. It is always better to diversify your portfolio. Because you have no idea what will happen next, it is better to safeguard your funds by putting them into various currencies.

Annamike

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I think I will go with usdt, to me it's safer and also you have more options in terms of trading but with BUSD you are limited to few options and also usdt is safer in terms of market resection

kawser05

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crypto lover

depending on what platform you will use to trade, if you use Binance Platform then it's better to recommend BUSD than USDT, but in terms of price, maybe USDT is safer and can maintain its value as well.

B.wealth

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USDT is much more better, nothing to fear about when your fund is been invested in USDT, nothing like huge dump, your savings will always be intact and you can always exchange to any cryptocurrency coin of your choice at any time. USDT is always the King.

Winscosinally

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USDT and other stable coins like USDC and BUSD are more supported, they have better volumes than DAI but DAI is decentralized, well secured but less listed on exchanges, I will choose popularity over decentralized since its stable coin, BUSD is my first choice

shushu9977

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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.

criket

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Quote from: Samayuki on July 09, 2020, 08:34:45 AM

BUSD all the way, it's backed by US law now, that's more than enough reason to use binance stable coin over others but I still prefer decentralized stable coins over USDT and BUSD, on DAI platform funds can't ever be freezed and that's total freedom

everyone seems to be talking about DAI. but USDT and some other stable assets are more popular and are often used by traders. we can only provide solutions, but everyone has their character and opinions on each asset they will hold.

Samayuki

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BUSD all the way, it's backed by US law now, that's more than enough reason to use binance stable coin over others but I still prefer decentralized stable coins over USDT and BUSD, on DAI platform funds can't ever be freezed and that's total freedom

3meek

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God, save BTC!

Quote from: ameliana on July 08, 2020, 05:59:26 PM

depending on what platform you will use to trade, if you use Binance Platform then it's better to recommend BUSD than USDT, but in terms of price, maybe USDT is safer and can maintain its value as well.

In any case, USDT is a more convenient currency... Even if you only trade on Binance, the liquidity is much higher against USDT pairs!
Perhaps BUSD is better suited for trading on Binance DEX.
So far, Binance USD is not very common...

Shasha80

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I would choose Binance USD because it is more profitable than USDT, with an interest rate of 1% higher than USDT is good. But if you are looking
for safe USDT is better, because it is more popular and also more reliable. Indeed Binance exchanges will be large and good but do not rule out
the possibility of a problem someday, and therefore it is better to invest in Binance USD for short-term.

Iyeman

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Quote from: JeotQ on July 08, 2020, 12:00:03 PM

I'm kinda satisfied with BUSD, the development of BUSD relies on binance ecological support and also new york state department of financial services has approved the issuance of BUSD and supervised BUSD custody, this gives me more confidence over USDT and others

that's true and the legal support is something that is not yet getting by the USDT as it's not so transparent about the result that being done by several parties in the past.
BUSD is much more transparent compared with binance exchange site.

ameliana

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depending on what platform you will use to trade, if you use Binance Platform then it's better to recommend BUSD than USDT, but in terms of price, maybe USDT is safer and can maintain its value as well.

Furryball

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I could have choose BUSD over USDT but since BUSD belongs to binance exchange I find it hard to use, why? Because the stable coin belongs to an exchange, meaning BUSD is only recognized on binance exchange, what if something happens to binance in future? Anyways, USDT all the way, it's available on 99 percent exchanges in crypto space for trading and it's not on one blockchain

JeotQ

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I'm kinda satisfied with BUSD, the development of BUSD relies on binance ecological support and also new york state department of financial services has approved the issuance of BUSD and supervised BUSD custody, this gives me more confidence over USDT and others

CHENIEN

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Decentralized Ascending Auctions on Blockchain

Actually,the most important is the demand of interest rate even this USDT and Binance USD are still have a better combination to play. I think all investors are wisely to select one of them which is the highest level is the first target to convert.And then we can't predict who is safer because this transaction is not exempted into volatility.

tvplus006

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To the Moon

Quote from: Vishnu.Reang on July 08, 2020, 06:10:04 AM

None of them is 100% safe. That said, I would still prefer Binance USD over USDT. Both these tokens are issued by exchanges. USDT is issued by Bitfinex, while Binance USD is issues by the Binance exchange. Now rather than asking which token we can trust, the question should be which among these two exchanges is more trust-worthy. And for me, the answer is Binance.

For me, BUSD looks more reliable, but it will take a long time before this stablecoin is recognized on all exchanges as USDT. Although I can see that BUSD is already trading on Poloniex and HitBTC and a few other small exchanges. But the capitalization of BUSD is not comparable to the capitalization of USDT.

Vishnu.Reang

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None of them is 100% safe. That said, I would still prefer Binance USD over USDT. Both these tokens are issued by exchanges. USDT is issued by Bitfinex, while Binance USD is issues by the Binance exchange. Now rather than asking which token we can trust, the question should be which among these two exchanges is more trust-worthy. And for me, the answer is Binance.

rodskee

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Quote from: torrantz on July 08, 2020, 02:40:23 AM

If you keep using binance's exchange service then it'll be better to use Binance USD but otherwise use USDT, however none of these stable coins are really safe and all the safety and security is on your own so being alerted is heavily advised although these stable coins could be considered reliable seeing how they hold on for many years especially usdt. I personally uses USDT simply because it's already accepted everywhere.

If you do used binance as your trading platform and every trading deals are being close to this
exchange, logically you should used BUSD
As it will serves as your safe venue once trades is not working well or if you are arbitraging,
scalping by means of stable coin gives good benefits.

Advantage of USDT since it's availabilities is much bigger than BUSD, the security still depends
from how you believe and trust the network.

tvplus006

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To the Moon

Quote from: olamidey on July 08, 2020, 05:02:01 AM

Somehow, I really do not see any problem with both as they're very safe. While Tether is on most exchanges, BUSD is for Human e exchange. We all know that Binance is the biggest exchange and the most reputable. So if you're trading on Binance, you might as well as e some BUSD there...

I trust BUSD more, and this trust is based on the reputation of the Binance exchange. But in trading, I prefer to trade to USDT, since this stablecoin has high liquidity. In addition, if necessary, it can be quickly transferred to another exchange.

Topic: Which is safer, USDT or Binance USD? - page 2. (Read 924 times)