Topic: Which is safer, USDT or Binance USD? - page 4. (Read 924 times)
I use USDT across exchanges, because BUSD may not be in my trading exchange. I use BUSD on Binance majorly for my local currency conversion and for beating multiple fees.
Its more out of convenience. Some people prefer dealing with PAX treasury. Maybe they have their fiances set up there— so they are able to purchase large amounts of BUSD. And subsequently might use that as Collatoral in trading Binance Futures.
Others have their finances set up with USDT. BUSD trading is really just out of convenience. It’s an option. There is no real benefit to it. It’s just an option to people who prefer to buy large sums of BUSD (or PAX) instead of USDT
Others have their finances set up with USDT. BUSD trading is really just out of convenience. It’s an option. There is no real benefit to it. It’s just an option to people who prefer to buy large sums of BUSD (or PAX) 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?
Personally, I will go for the binance USD because of their reputation when talk about cryptocurrency exchanges. Although, for higher liquidity I did go for the USDT. Though the rate are different from each other but would surely be on the side of the USD. In addition to this, tether has no reputation because many are still on the opinion if it be fishing around the world of cryptocurrency. Always stick to the best with good reputation. 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?
The both have same usefulness and they are both centralized stable coins, the choice is yours to make here my friend, I use USDT but BUSD is not bad either, I trust binance USD more because of the exchange reputation 
The difference may only be the transparency of the backup. I think BUSD has been more transparent, but time will tell.
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?
In the entire crypto space the most recognised stablecoin is USDT, there are others though but USDT tends to outshine all despite everything that has been said about it. But in the case of Binance lending, of course almost everyone involved will like to give reference to their stablecoin thus using it more. In addition, in this particular case, I think using BUSD will be better so that you can have the best interest rate as pointed out by you. There is no need to be afraid of BUSD since it is backed by Binance exchange.
Battle of both centralized stable coins. You're going to the own platform of the other stable coin.
A wise choice would be going with BUSD and I think I'll go with that.
USDT has the most huge volume in terms stable coins.
But taking advantage of BnB's own stable coin, they wouldn't do wrong on it.
A wise choice would be going with BUSD and I think I'll go with that.
USDT has the most huge volume in terms stable coins.
But taking advantage of BnB's own stable coin, they wouldn't do wrong on it.
Both USDT and Binance USD are safe, you don't need to worry about their safety. The exchange you are using will determine your choice, BUSD is best when you are trading on binance, but not many exchanges support it. USDT is more flexible, you can use at almost all exchanges.
And his needs are just exchange Binance, so I believe BUSD will be the best option. So use it to get better commission and he will be more profitable 
I would say both are risky. I have never owned any of the stable coins, and I intend not to do that for the next 10-15 years. Stablecoins are simply against the idea of cryptocurrency proposed by Satoshi Nakamoto. The basic principle of cryptocurrency is that you are able to store money by yourself. But in the case of stablecoins, someone else is holding the money for you. Tether is owned by Bitfinex exchange, while BUSD is owned by Binance.
USDT will be safer because it has been around for a long time. And there are many altcoin pairs trading with USDT, you will have more choices. But if Binance makes as good offer as you say then you should use BUSD when using Binance. You'll get a little bit more incentive from them and it's still safe enough
Both are good stable coins and also safe but if BUSD interest rate is higher than USDT then go BUSD.
Yes, the two tokens are indeed very good, both BUSD and USDT are both stable tokens that are worthy of being owned by everyone, but both of them also have advantages and disadvantages of each and at least the users must know about the two tokens. I would recommend usdt even though binance is a good and trusted exchange, but the usdt liquidity issue might be more reliable.
so i chose usdt rather than binance usd.
Many investors often use USDT, and many large trading pairs are used, so the liquidity will certainly be much better than BUSD. Overall, each stable coin will have different features, but individual USDT is enough for you to be satisfied. so i chose usdt rather than binance usd.
Of course, there are still plenty of other options, but it's best only to choose USDT during this time because it is safe and supported by all big 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?
If you are trading at Binance then use BUSD, they have more incentives than USDT and other stablecoins. So take advantage of that opportunity to earn more profits for you 
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?
All the stable coins are literally the same, only the name changes so if you are looking for that extra 1% then binance USD can be the choice for you but investing on stable coins is risky and we can make that small returns in very short term by trading them so consider the one which has better liquidity.
Both USDT and Binance USD are safe, you don't need to worry about their safety. The exchange you are using will determine your choice, BUSD is best when you are trading on binance, but not many exchanges support it. USDT is more flexible, you can use at almost all 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?
I've seen what people do think about each ones risks and I personally don't see it like that.Imo they are almost similar in terms of risk and ways of usage, maybe their liquidity differs, but thats not a crucial factor for me.
So my thought on them - I hold 70% usdt and 30% busd because I just don't want to miss better price (because bitfinex and binance prices are different).
Statistically I see better price on bitfinex more often so thats why I hold more usdt than busd
BUSD and USDT those are safe stable coins. But for a several things i would to recommend Tether, firstly BUSD isn’t listed in the all of exchanges. So that's not more using as stabe coin. That's not matter because it’s much trustworthy coin for the assets of Binance exchange.
I would recommend usdt even though binance is a good and trusted exchange, but the usdt liquidity issue might be more reliable.
so i chose usdt rather than binance usd.
so i chose usdt rather than binance usd.
Binance USD is better than USDT if you are in Binance as Binance is now world No:01 crypto exchange and whenever you buy or trade-in exchange coin you get some extra benefits too. so it is better to divide your investment in two or three coins.
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 will be using only binance lending which means your investment will be on binance exchange and there won't be need to move them exwhere, i'd say you should use BUSD but if you have a plan to move it out, then you should consider USDT because it is more popular as every centralized exchanges have a pair for it, That's the hedge of flexibility USDT is having over BUSD
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