optional7 (OP)
Newbie
Offline
Activity: 9
Merit: 0
|
|
May 20, 2020, 03:11:11 AM |
|
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?
|
|
|
|
|
|
|
|
|
"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
Lunatic_Pandora
Jr. Member
Offline
Activity: 84
Merit: 2
saito.io
|
|
May 20, 2020, 03:29:09 AM |
|
I was asking myself the same question for a while but ended up just doing 70% Tether cuz I feel is a bit safer and 30% BUSD for the extra interest.
|
Drop by the Saito Arcade to play boardgames on-chain and earn cryptocurrency today! Interested? Visit us at saito.io
|
|
|
Teraboy
|
|
May 20, 2020, 03:32:14 AM |
|
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?
As long as you will not move from binance exchange site and BUSD is much better than USDT. You should remember binance is a good exchange site but when you are looking for the liquidity and USDT will become your answer. I vote for BUSD
|
|
|
|
SlimShadyMmp
Full Member
Offline
Activity: 1470
Merit: 103
COMBO 2.0
|
|
May 20, 2020, 03:35:48 AM |
|
I think I will choose USDT than BUSD obviously because of the liquidity value but then Binance is a big exchange but Tether can be used in more than one exchange, that flexibility is something i will likely like to stay with..But both of them are secure coins
|
|
|
|
Lunatic_Pandora
Jr. Member
Offline
Activity: 84
Merit: 2
saito.io
|
|
May 20, 2020, 03:53:37 AM |
|
There's no need to go all in into one or the other. I don't think Binance is that trustable, leverage yourself with the 2 of them to an amount you're comfortable with and earn on both. I felt comfy with 70/30, maybe you can try 80/20 or 60/40 or anything really, no reason not to exploit the higher return rate with a bit of risk.
|
Drop by the Saito Arcade to play boardgames on-chain and earn cryptocurrency today! Interested? Visit us at saito.io
|
|
|
bgaf
Sr. Member
Offline
Activity: 644
Merit: 257
Worldwide Payments Accepted in Seconds!
|
|
May 20, 2020, 03:57:17 AM |
|
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?
Both are good but you know how risky it is to trust a centralized platform. Still there are risk that associated with it. I can say I will be more confident on Binance affiliated projects. busd product is just new but their CEO are likely to provide a good liquidation on every asset that they acquired or introduced. Example of this is trust wallet, wazirX and even coinmarketcap. They make sure their own allies goes up and well backed up. BUSD served as their stablecoin so definitely they will make it more interesting and many earnings.
|
|
|
|
rajakulam
|
|
May 20, 2020, 04:05:20 AM |
|
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 would recommend USDT from BUSD because many markets already work with USDT, but if you stay in the Binance market then BUSD is better than USDT
|
|
|
|
Anonylz
|
|
May 20, 2020, 04:16:34 AM |
|
Binance USD (BUSD) is a new USD-denominated stablecoin approved by the New York State Department of Financial Services (NYDFS) that will be launched in partnership with Paxos and Binance. ... @OP, A quick google search about Busd and it came up with the above, busd is not just a stale coin but also backed by the New York state department of financial services which can not be said for other stable coin, with this very vital piece of information, I would go with Busd rather than usdt, it is more secured than other stable coin, then again the choice is yours to make.
|
| . SECONDLIVE | | | │ | | | | | | │ | | | | ▄▄███████▄▄▄ ▄▄████████████████▄▄ ██████████████████████▄ ████████▀▀▀██████████████ ███████▌ ▀█████████████ ████████▀ ▀▀▄▄██▀▀▀██████████ ███████ ▀████████ ███████▄ ████████ ████████▄▄ ▄████████ ███████████▄▄▄▄██████████ ▀█████████████████████▀ ▀████████████████▀▀ ██████████████████████ |
|
|
|
Btc_1856
|
|
May 20, 2020, 05:13:47 AM |
|
Binance USD (BUSD) is a new USD-denominated stablecoin approved by the New York State Department of Financial Services (NYDFS) that will be launched in partnership with Paxos and Binance. ... @OP, A quick google search about Busd and it came up with the above, busd is not just a stale coin but also backed by the New York state department of financial services which can not be said for other stable coin, with this very vital piece of information, I would go with Busd rather than usdt, it is more secured than other stable coin, then again the choice is yours to make. Yes, based on the indication given by you, most of the people who choose to hold their profit in BUSD only because the saving for BUSD has a higher rate in Binance compared to USDT. So when I make a profit in trading I used to convert them to BUSD only in order to get interest.
|
|
|
|
aaronkow
Newbie
Offline
Activity: 6
Merit: 0
|
|
May 20, 2020, 05:28:56 AM Last edit: May 27, 2020, 08:41:37 AM by aaronkow |
|
Newbie here. I'm still figuring out why Binance coin is still better than USDT (Tether)? Apart from the lower maker/taker fees using Binance coin , I don't really see the advantage of using BNB (plus the volatility of BNB price which is influenced by BTC price). Can someone care to explain? Sorry for asking this seemingly stupid question. P/S: Planning to work in Singapore? Contact Ren Ai Group today, a Singapore recruitment firm which also offer human resource shared services , payroll outsourcing Singapore , employment pass application etc.
|
|
|
|
takana212
Member
Offline
Activity: 462
Merit: 10
|
|
May 20, 2020, 05:44:59 AM |
|
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 only invest in binance markets it is better to invest in BUSD because a trading altcoin is easier to use BUSD, but if you also invest in other markets it is better to choose USDT because more markets provide exchange through USDT.
|
|
|
|
Bitstar_coin
|
|
May 20, 2020, 05:53:42 AM |
|
Newbie here. I'm still figuring out why Binance coin is still better than USDT (Tether)? Apart from the lower maker/taker fees using Binance coin , I don't really see the advantage of using BNB (plus the volatility of BNB price which is influenced by BTC price). Can someone care to explain? Sorry for asking this seemingly stupid question. P/S: Planning to work in Singapore? Contact Ren Ai Group today, a Singapore recruitment firm which also offer human resource shared services , payroll outsourcing Singapore , employment pass application etc. Bro you are confusing the two coin, bnb and Busd are two different coin, base on what @op is asking, busd is a stable coin introduced by Binance not quite long ago, bnb on the other is the platform coin use for fees and also for participating in Binance launchpad, this two coin perform different functions, without bnb you can't take part on Binance ieo which is also important, Bnb is not the only coin with high volatility, it is the same with other coins and nothing that can be done about that.
|
|
|
|
TanakabZX
Member
Offline
Activity: 504
Merit: 16
|
|
May 20, 2020, 05:54:50 AM |
|
For now usdt is more popular than BUSD but it only a matter of time, BUSD belongs to binance and in near future BUSD will be more popular too, if you are going to use binance exchange then go for BUSD instead
|
|
|
|
@baoli
Jr. Member
Offline
Activity: 1162
Merit: 1
Base.protocol
|
|
May 20, 2020, 06:31:58 AM |
|
It is about trust and transparency. BUSD is Binance USD while USDT cuts across many exchanges. For the interest you can go ahead because of the interest since Binance exchange has a good liquidity.
|
Base Protocol (https://baseprotocol.org): One Token to Hold Them ALL | [url=https://baseprotocol.
|
|
|
Novatech8
Member
Offline
Activity: 700
Merit: 27
Sovryn - Brings DeFi to Bitcoin
|
|
May 20, 2020, 06:58:53 AM |
|
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
|
|
|
|
Kunnu
Member
Offline
Activity: 1204
Merit: 11
|
|
May 20, 2020, 07:38:55 AM |
|
Usdt is far better than busd because it's not depend only on a single cryptocurrency exchange as we know that usdt is available on almost every cryptocurrency exchange as a trading pair besides Bitcoin and eth and the most important thing, in the matter of adoption and market capitalization busd is nowhere to compare usdt and this is the simple point to understand which one is more capable between both.
|
|
|
|
masterrex
|
|
May 20, 2020, 07:48:55 AM |
|
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 think your OP title "Which is safer, USDT or Binance USD?" is confusing regarding your point which is the interest rate. But let me answer this way if the interest rates of BUSD deposits are much higher compare to USDT deposit it is better to go for BUSD because it was offering much higher interest rates and of course BUSD is a stable coin guaranteed by Binance exchange as a Binance user since 2017 I can say that it was a trusted exchange platform and much safer compare to others.
|
|
|
|
shadowdio
Sr. Member
Offline
Activity: 1876
Merit: 289
Zawardo
|
|
May 20, 2020, 07:52:03 AM |
|
Both are safe because busd is from binance which is trusted and usdt is recommendable stable coin and also the highest volume of all cryptos. In terms of interest rate you should go busd.
|
|
|
|
Ken_terrance
Member
Offline
Activity: 574
Merit: 18
Making Smart Money Work
|
|
May 20, 2020, 08:02:14 AM |
|
Both usdt and BUSD are centralized stable coins but if I have to pick based on popularity the answer is USDT, also on volume based it's USDT, I think any offers on BUSD is only useful if you are using binance exchange
|
|
|
|
leea-1334
|
|
May 20, 2020, 08:38:17 AM |
|
I was asking myself the same question for a while but ended up just doing 70% Tether cuz I feel is a bit safer and 30% BUSD for the extra interest.
Tether always feels safe but most people keep USDT in exchanges, which then nullifies whichever currency you want. Keeping Tether in your own ETH wallet is probably okay but I would just as well convert it all to fiat currency in USD and insure it. That is way safer than storing on any exchange waiting to get hacked!
|
|
|
|
OasisDre
Member
Offline
Activity: 532
Merit: 41
|
|
May 20, 2020, 08:44:23 AM |
|
Binance is making crypto more popular, they now have stable coin, dex exchange and binance Chain, this will make me definitely want to use BUSD over USDT but USDT have already gain the heart of many crypto traders, usdt is far more well embraced
|
|
|
|
Chuky92
Copper Member
Jr. Member
Offline
Activity: 966
Merit: 5
|
|
May 20, 2020, 10:35:47 AM |
|
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?
First Binance is a good exchange always know that and now since you are about going into their lending program, I think it is better to use BUSD so as to enjoy all the benefits that comes with it. Normally USDT is much better but in this case where is concerns Binance, the other looks like a more viable option. Also, with Binance being in charge of this and hence using BUSD, that means there is no need to worry; but if it is for something different where you will need to choose between the two, then USDT is preferable.
|
|
|
|
chunnu39
Jr. Member
Offline
Activity: 294
Merit: 1
|
|
May 20, 2020, 10:48:03 AM |
|
In my option, USDT is a king but BUSD has its own advantage like you can get staking reward which is more than 1% higher then USDT. but USDT has its vast market where you can trade it in most exchanges. BUSD is also doing various partnership with many exchange to increase Its BUSD market
|
|
|
|
krb91
Member
Offline
Activity: 254
Merit: 10
Streamies Rocks!!!!
|
|
May 20, 2020, 11:19:34 AM |
|
You csn easily split it between both. Since BUSD is the stablecoin of Binance and that's where you intend using the funds, going all in on BUSD wont be a bad idea also. Agreed USDT is the most popular stablecoin but as you said, the interest rate on BUSD is better.
|
|
|
|
reliable
|
|
May 20, 2020, 11:39:26 AM |
|
You csn easily split it between both. Since BUSD is the stablecoin of Binance and that's where you intend using the funds, going all in on BUSD wont be a bad idea also. Agreed USDT is the most popular stablecoin but as you said, the interest rate on BUSD is better.
Having both will be the better option considering taking advantage of both side by getting a interests rate advantage on the binance site and USDT being so much popular and has a vast reach will benefit a lot in terms of demand and price. Also, better to have multiple coins rather than being just holding a single coin.
|
|
|
|
Lance203sin
Jr. Member
Offline
Activity: 109
Merit: 1
|
|
May 20, 2020, 12:06:54 PM |
|
USDT has higher adoption across other exchanges and stores
|
|
|
|
timmmers
|
|
May 20, 2020, 12:17:19 PM |
|
Tether is much bigger company than Binance, but also Tether has much more problems than Binance. Also Tether is not completely backed 1:1 with real USDs, so my choice would be definetely BinanceUSD, but the problem is, that if something happen to Binance, it will also affect the token.
|
|
|
|
Galley
Member
Offline
Activity: 1274
Merit: 14
|
|
May 20, 2020, 01:39:01 PM |
|
Both of these coins are good in their own way. If you work on the Binance exchange itself, then it is probably more advisable to use BUSD. All the same, some advantage is better than nothing. But if you work outside the exchange, it is better to use USDT, as a more universal exchange. Nevertheless, both are good.
|
|
|
|
Rafiqul
Member
Offline
Activity: 1358
Merit: 10
www.cd3d.app
|
|
May 21, 2020, 10:32:14 AM |
|
I personally prefer USDT to BUSD and feel safe. USDT does not rely solely on a cryptocurrency exchange; It is used in almost every cryptocurrency exchange as a trading pair and as an important thing in addition to bitcoin and policy. However, if you trade in Binance, BUSD is better than USDT. This will give you more benefits than USDT.
|
|
|
|
michellee
|
|
May 21, 2020, 12:59:16 PM |
|
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?
Every people will have a different opinion about that so you need to find for yourself which you should choose. If you think that BUSD can make you satisfied with the interest rate, then you can choose that. But you should research before you invest, so you know what is the risk if you invest in that. If you only need to keep the value your money, then USDT will be your choice, but if you search for making another profit, then BUSD could be your choice.
|
|
|
|
Vishnu.Reang
|
|
May 21, 2020, 01:12:22 PM |
|
Personally I don't completely trust any of these stablecoins. No one should trust them 100%, because you are not the owner of wealth, in case of stablecoins. Someone else is storing them for you. That said, I would say that Binance USD is a bit better than USDT. Binance is having a good reputation, at least when compared to Bitfinex and their version of the stablecoin.
|
|
|
|
r32godzilla
|
|
May 21, 2020, 03:00:49 PM |
|
I would choose MakerDao and its Dai, but even it is the most safe one because thanks to a decentralization and real crypto collateral, there is a risk when market crash a lot and the collateral will not be enough.
|
|
|
|
Greatdev
Member
Offline
Activity: 266
Merit: 16
Sovryn - Brings DeFi to Bitcoin
|
|
May 21, 2020, 03:03:31 PM |
|
Usdt and BUSD are both very good stable coin, using BUSD on binance exchange gives you access to few % discounts I presume but not with USDT and usdt is available on every exchanges, it also has the highest volume over BUSD, they are both safe
|
|
|
|
gweedo
Legendary
Offline
Activity: 1498
Merit: 1000
|
|
May 21, 2020, 03:04:39 PM |
|
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?
Binance is a leading exchange in this market, so you can choose BUSD to invest. Surely it will not cause you any problems, and they also offer a much better rate of return to encourage investors.
|
|
|
|
Malam90
|
|
May 30, 2020, 01:09:41 PM |
|
If you trade in Binance, BUSD is better than USDT. It will give you more facilities than USDT. You can lend it and earn but if you are a trader in other exchange or want to liquidate, USDT is the best choice for you. Basically i use USDT regularly whether in Binance or other exchange. I don't prefer lend that's why i prefer USDT.
|
|
|
|
TheGreatPython
|
|
May 30, 2020, 06:33:55 PM |
|
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?
You should plan for only short-term because anything may happen in the future with the most of the stablecoins. I mean government may start at any time regulating stablecoins. Because stable coins may be misused for money laundering like how fiats is being used for years. So, it is not at all recommended to plan up any investment along with stablecoins. Regardless of how big binance platform is, their stable coin may be seized or banned by their government if they find it a threat to their economy. I am also making use of some stablecoins but definitely not over the day, I mean I will not hold any stablecoins for the next day yes I will finish off all my trading which are involved with stablecoins within a day. This is a simple precautionary measurement, I am following to avoid any big losses just because of holding stablecoins. So, I highly suggest you to go for with proper planning about your stablecoins related things.
|
|
|
|
Smitty Werben Man Jensen
Full Member
Offline
Activity: 1568
Merit: 100
COMBONetwork
|
|
May 30, 2020, 06:58:12 PM |
|
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 prefer USDT to BUSD, USDT has been around since a long time ago and was ranked 3rd Coinmarketcap, and has been used by all traders, so USDT will always be No. 1 for stable coins
|
|
|
|
abel1337
Legendary
Offline
Activity: 2464
Merit: 1145
FOCUS
|
|
May 30, 2020, 07:21:19 PM |
|
I think it will depend on your intention and preference since they do offer different advantages and reputation. We know that BNB is most likely new than USDT and USDT has more reputation than BNB while BNB coin is using its exchange reputation. Though you can use BNB on different things inside the Binance platform which is for me a much better thing to do with a stable coin. For me, it is worth holding BNB than USDT.
For the main question on which is safer, I think it's obvious that both token do have a good reputation and they do share the same purpose which is being a stable coin. I believed that both of them are safe.
|
|
|
|
pixie85
|
|
May 30, 2020, 09:03:30 PM |
|
Newbie here. I'm still figuring out why Binance coin is still better than USDT (Tether)? Apart from the lower maker/taker fees using Binance coin , I don't really see the advantage of using BNB (plus the volatility of BNB price which is influenced by BTC price). Can someone care to explain? Sorry for asking this seemingly stupid question. Both are shit if you ask me. Centralized stablecoins are a disaster waiting to happen. They're a competing coins because bitfinex is supporting usdt and binance their own BNB. Usdt got burned for me when they admitted to lying about having 1:1 backing in USD. There were numerous papers written about how they're manipulating the market by making tether and buying BTC with it.
|
|
|
|
tycsols
Member
Offline
Activity: 812
Merit: 10
BountyMarketCap
|
|
May 30, 2020, 09:21:37 PM |
|
If you want higher interest rate then the answer is simple and that is binance usd but other than that i have not seen any issues with usdt ever too so for me it is good to go too but obviously you are lending at binance platform so they will encourage you to use their usd token and they will pay you some what extra for that too so you know whats more beneficial for you in this situation.
|
|
|
|
Kezacky
Member
Offline
Activity: 743
Merit: 10
https://www.epsiloan.xyz
|
|
May 30, 2020, 09:29:38 PM |
|
from which title is safer? while the question is better? if you want to make a deposit in Binance then BUSD is a good choice because BUSD is still a platform with the Binance company. but if you want to get out of the market then use USDT to maintain the value of your coins.
|
|
|
|
khiholangkang
|
|
May 31, 2020, 02:24:50 AM |
|
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 going to use it for lending in Binance I think BUSD is better, but if you want to use it for something else I would recommend USDT because it is listed on more exchanges.
|
| . .Duelbits. | │ | | │ | ▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄ ███░░░░███░░░░███ ▀░░░▀░░▀░░░▀░░▀░░░▀ ▄░░░░░░░░░░░░ ▀██████████ ░░░░░███░░░░▀ ░░█░░░███▄█░░░█ ░░██▌░░███░▀░░██▌ ░█░██░░███░░░█░██ ░█▀▀▀█▌░███░░█▀▀▀█▌ ▄█▄░░░██▄███▄█▄░░▄██▄ ▄███▄ ░░░░▀██▄▀ | . REGIONAL SPONSOR | | ███▀██▀███▀█▀▀▀▀██▀▀▀██ ██░▀░██░█░███░▀██░███▄█ █▄███▄██▄████▄████▄▄▄██ ██▀ ▀███▀▀░▀██▀▀▀██████ ███▄███░▄▀██████▀█▀█▀▀█ ████▀▀██▄▀█████▄█▀███▄█ ███▄▄▄████████▄█▄▀█████ ███▀▀▀████████████▄▀███ ███▄░▄█▀▀▀██████▀▀▀▄███ ███████▄██▄▌████▀▀█████ ▀██▄███▀██▄█▄▄▄██▄████▀ ▀▀██████████▄▄███▀▀ ▀▀▀▀█▀▀▀▀ | . EUROPEAN BETTING PARTNER | |
|
|
|
Denamen
Sr. Member
Offline
Activity: 499
Merit: 250
Chainjoes.com
|
|
May 31, 2020, 02:44:47 AM |
|
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 prefer USDT to BUSD, USDT has been around since a long time ago and was ranked 3rd Coinmarketcap, and has been used by all traders, so USDT will always be No. 1 for stable coins Of course, USDT is a very popular choice when you enter this market, but generally every stable coin will have its own strengths and depend on each person's preferences. I use USDT, TUSD, and USDC because these are the three most stable coins in the market and are often supported by a lot of big exchanges. Of course, you can also use the stable coin at the exchange you are using because most big exchanges have their stable coin.
|
█▀▀▀ █ █ █ █ █ █ █ █ █ █ █▄▄▄ | | | CHAIN JOES | | ▀▀▀█ █ █ █ █ █ █ █ █ █ █ ▄▄▄█ | █▀▀▀ █ █ █ █ █ █ █ █ █ █ █▄▄▄ | ✨ | | | | | | | ✨ | ▀▀▀█ █ █ █ █ █ █ █ █ █ █ ▄▄▄█ | 📝 | |
|
|
|
shinratensei_
Legendary
Online
Activity: 3094
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
|
|
May 31, 2020, 03:19:48 AM |
|
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 going to use it for lending in Binance I think BUSD is better, but if you want to use it for something else I would recommend USDT because it is listed on more exchanges. It looks like his activity will be on the binance platform and BUSD is a better choice rather than USDT. When it comes to another service provided by another platform and he must choose USDT as binance USD will not offer advantage there. BUSD is a good choice right now for him.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
alkuluku
Member
Offline
Activity: 110
Merit: 10
🙏
|
|
May 31, 2020, 04:33:22 AM |
|
My Personal Openion, I believe USDT is more safe.
|
|
|
|
htsy585
|
|
May 31, 2020, 06:14:03 AM |
|
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
|
|
|
|
shaheer001
|
|
May 31, 2020, 07:18:04 AM |
|
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.
|
|
|
|
GreenStox
Sr. Member
Offline
Activity: 1148
Merit: 252
Undeads.com - P2E Runner Game
|
|
May 31, 2020, 08:33:01 AM |
|
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.
|
|
|
|
mdzahed134
Sr. Member
Offline
Activity: 2142
Merit: 259
Vave.com - Crypto Casino
|
|
May 31, 2020, 09:22:57 AM |
|
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.
|
|
|
|
big kid
Member
Offline
Activity: 324
Merit: 13
|
|
May 31, 2020, 09:33:54 AM |
|
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
|
|
|
|
culuuton
|
|
May 31, 2020, 09:46:30 AM |
|
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.
|
|
|
|
Findingnemo
|
|
May 31, 2020, 09:50:39 AM |
|
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.
|
| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
View ArchiveReport to moderator
|
|
|
bussybuddy
Full Member
Offline
Activity: 1176
Merit: 105
Chainjoes.com
|
|
May 31, 2020, 11:53:03 AM |
|
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
|
|
|
|
cryptothreads
|
|
May 31, 2020, 12:11:07 PM |
|
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. 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.
|
|
|
|
rahmatullah9305
|
|
May 31, 2020, 12:34:55 PM |
|
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.
|
|
|
|
killerfrost
|
|
May 31, 2020, 12:50:20 PM |
|
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
|
SUGAR | | | | ██ ██
██ ██
██ ██
██ ██
██ ██
██ ██ | | | | | | | | | ██ ██
██ ██
██ ██
██ ██
██ ██
██ ██ | | ███████████████████████████ ███████████████████████████ ██████ ██████ ██████ ▄████▀ ██████ ██████▄▄▄███▀ ▄█ ██████ ██████████▀ ▄███ ██████ ████████▀ ▄█████▄▄▄██████ ██████▀ ▄███████▀▀▀██████ ██████ ▀▀▀▀▀▀▀▀▀ ██████ ██████ ██████ ███████████████████████████ ███████████████████████████ | . Backed By ZetaChain | | ██ ██
██ ██
██ ██
██ ██
██ ██
██ ██ | | | | ██ ██
██ ██
██ ██
██ ██
██ ██
██ ██ | | | |
|
|
|
Vishnu.Reang
|
|
May 31, 2020, 01:20:35 PM |
|
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.
|
|
|
|
ElmedoRator
|
|
May 31, 2020, 01:24:04 PM |
|
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
|
|
|
|
terrific
|
|
May 31, 2020, 03:41:10 PM |
|
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.
|
|
|
|
aemma
Copper Member
Member
Offline
Activity: 966
Merit: 14
|
|
June 02, 2020, 02:44:36 PM |
|
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.
|
|
|
|
elyas772
|
|
July 07, 2020, 07:46:07 PM |
|
The difference may only be the transparency of the backup. I think BUSD has been more transparent, but time will tell.
|
| | | Fast, Secure, and Fully
Decentralized Trading | BACKED BY: ─────────────────────────
| BINANCE ─────── LAB | & | █████████████████████████████████ █ ███ █▀ ▀█ ███▀▀▀▀▀████████ ████▀▀███▀ █ █ █████ ▄▄▄▄▄ █ ▀ █ ███ █ ██ █▄ ▀█ ██ █ ▄███ ██████ ███ █████ █ ██ ███ █ ████ ████ ▄ ███ █▄ ▄█▄ ▄█▄ ▀ ████▄ ▄█ ██ ██ ████████████████████████████████████████ |
|
|
| Whitepaper Medium Reddit
|
|
|
|
Zotak337
Member
Offline
Activity: 232
Merit: 10
|
|
July 07, 2020, 07:50:19 PM |
|
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
|
|
|
|
XCANA
|
|
July 07, 2020, 08:30:39 PM |
|
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.
|
|
|
|
mt55
|
|
July 07, 2020, 08:31:36 PM |
|
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
|
| | | Fast, Secure, and Fully
Decentralized Trading | BACKED BY: ─────────────────────────
| BINANCE ─────── LAB | & | █████████████████████████████████ █ ███ █▀ ▀█ ███▀▀▀▀▀████████ ████▀▀███▀ █ █ █████ ▄▄▄▄▄ █ ▀ █ ███ █ ██ █▄ ▀█ ██ █ ▄███ ██████ ███ █████ █ ██ ███ █ ████ ████ ▄ ███ █▄ ▄█▄ ▄█▄ ▀ ████▄ ▄█ ██ ██ ████████████████████████████████████████ |
|
|
| Whitepaper Medium Reddit
|
|
|
|
omone1
Member
Offline
Activity: 843
Merit: 52
|
|
July 07, 2020, 10:03:54 PM Last edit: July 08, 2020, 03:06:22 AM by omone1 |
|
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.
|
|
|
|
LbtalkL
|
|
July 07, 2020, 10:10:27 PM |
|
We all know that USDT is suspicious, I prefer BUSD since it is manage by binance. Binance has build up their reputation for several years and they trying new services for the crypto community and they are really contributing a lot. But we can't deny USDT is the most used stablecoin I guess because it is the first on it's kind. If BUSD has higher interest choose BUSD.
|
|
|
|
sheenshane
Legendary
Offline
Activity: 2408
Merit: 1215
Cashback 15%
|
|
July 07, 2020, 10:28:16 PM |
|
We all know that USDT is suspicious, I prefer BUSD since it is manage by binance. Binance has build up their reputation for several years and they trying new services for the crypto community and they are really contributing a lot. But we can't deny USDT is the most used stablecoin I guess because it is the first on it's kind. If BUSD has higher interest choose BUSD.
That's it and since OP using the Binance exchange platform why not using this stable coin. As I'm heard, this BUSD is fully back by the US dollar with the ration of 1:1 basis and held on the US Bank that was owned by one of the partnered by Binance. So, I prefer to use BUSD at this time. But this' is not the problem at all because you aren't maybe have a plan to store this coins for term purpose. Besides, you cant use this BUSDT on other exchanges only in Binance.
|
. .HUGE. | | | | | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . CASINO & SPORTSBOOK ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | |
|
|
|
carter34
Member
Offline
Activity: 1302
Merit: 25
|
|
July 07, 2020, 11:34:38 PM |
|
Tether is secured because you may decide to bring it to your wallet anytime. And reconvert back to Fiat. Any coin that you can also have in your wallet has a better security incase the exchange is falling to scam.
|
|
|
|
coupable
|
|
July 07, 2020, 11:59:18 PM Last edit: July 08, 2020, 12:09:36 AM by coupable |
|
Tether is secured because you may decide to bring it to your wallet anytime. And reconvert back to Fiat. Any coin that you can also have in your wallet has a better security incase the exchange is falling to scam.
The problem with Tether is we can't be sure that it's really backed by usd reserve. Bitfinex, which is the platform where usdt were firstly created, claimed that the coin has an equivalent reserve of usd. But, we still can't understand how more supply is created from time to time.
|
|
|
|
bitkanu
|
|
July 08, 2020, 12:51:08 AM |
|
The difference may only be the transparency of the backup. I think BUSD has been more transparent, but time will tell.
Both are not so transparent and I guess there was no a statement from both of projects were telling us about how much owned by them to backed the stable coin that already issued by them all. There was a lot of questions that are not yet answered
|
|
|
|
havoc928
Full Member
Offline
Activity: 379
Merit: 100
Decentralized Ascending Auctions on Blockchain
|
|
July 08, 2020, 04:34:58 AM |
|
The difference may only be the transparency of the backup. I think BUSD has been more transparent, but time will tell.
Both are not so transparent and I guess there was no a statement from both of projects were telling us about how much owned by them to backed the stable coin that already issued by them all. There was a lot of questions that are not yet answered It's true! There is no certain information about both of those "fiat-backed stable coins". We know nothing about those coins except their reputation in the market. For me, in the normal market condition, both are safe enough to use. However, in the critical condition, I'm not sure which one is safer. Personally, I use USDT as a habit so I just stick with it for now.
|
|
|
|
mersal
Member
Offline
Activity: 1204
Merit: 38
|
|
July 08, 2020, 05:03:01 AM |
|
Lending crypto currencies is itself not safer so don't choose any coin for it.Maybe we can say exchange reputation matter but do they really give enough interest rate to get some good returns?
You also have to add the inflation rate which is approximately 3% for USD per year and keep increasing every year.So better trade with coin than looking for passive income.
|
|
|
|
Husires
Legendary
Offline
Activity: 1596
Merit: 1286
|
|
July 08, 2020, 06:10:15 AM |
|
Stable crypto are all dangerous, if the option goes for my share, I will choose MakerDAO. Tether (USDT) and USD COIN, TRUE USD, AND BUSD (Binance usd) can be frozen/reclaim and they can prevent me from sending and ask for my files they will be of no value. This chart shows these possibilities and whether these backed by dollar or not. Tether not 100% Backed: They add more about backed by to the site, instead of being pegged to the dollar. Its value is equal to always 100% backed by our reserves, meaning that the price can fluctuate and differ from the dollar. Every tether is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities (collectively, “reserves”). Every tether is also 1-to-1 pegged to the dollar, so 1 USD₮ is always valued by Tether at 1 USD. it is since 2019, they printed millions of cash after them. So 1 USDT is always equivalent to 1 USD and they have not 1 USD to pay to you. From time to time, Tether reviews its Terms of Service and Risk Disclosures to ensure that they remain appropriate and up to date. Our most recent revisions were intended to update our disclosures to reflect Tether’s growth and operations and to be consistent with the types of disclosures used by other institutions BUSD: available at Hitbtc, Binance, Paxous. They are supported from the platform, so if they get hacked, you will lose your money. It has no value because it is like the banknotes of a country like Sweden or Japan when we compare it to the US dollar. Highly regulated 1:1 USD-backed crypto stablecoin These are digitised US Dollars and are always purchased and redeemed at 1 BUSD for 1 US dollar. Backed my USD-backed crypto stablecoin. I will choose DAI and Tether
|
|
|
|
joseyphil82
Member
Offline
Activity: 742
Merit: 16
|
|
July 08, 2020, 06:32:40 AM |
|
DAI is decentralized meaning it can't be controlled, it will be my first choice but still I use USDT most times, I would love to use DAI but listed exchanges are limited, not even listed on top exchanges, I don't plan on holding USDT for long term, I will definitely sell for Fiat when I can
|
|
|
|
Tipstar
Sr. Member
Offline
Activity: 1764
Merit: 280
Smart World Global Token
|
|
July 08, 2020, 06:45:47 AM |
|
USDT has accusation of not holding the amount of fiat they are issuing so, it would not the one I suggest. BUSD is also totally depended on Binance but as you have already decided to invest on Binance lending, BUSD is the better option. Just to let you know services like NEXO 10% on savings on many stablecoins and youhodler provides 12% on term depsoit. They also accept other popular stablecoin like paxos and USDC.
|
|
|
|
rz20
Legendary
Offline
Activity: 1330
Merit: 1001
|
|
July 08, 2020, 06:51:16 AM |
|
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 use both of them but for lending on Binance, I always use BUSD because firstly as you said they have a higher interest rate and secondly BUSD is the stable coin from Binance so nothing can go wrong with it IMO.
|
|
|
|
torrantz
Sr. Member
Offline
Activity: 1063
Merit: 253
Sovryn - Brings DeFi to Bitcoin
|
|
July 08, 2020, 07:40:23 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 stablecoins are really safe and all the safety and security is on your own so being alerted is heavily advised although these stablecoins could be considered reliableb seeing how they hold on for many years especially usdt. I personally uses USDT simply because it's already accepted everywhere.
|
|
|
|
Mighty_crypt
Member
Offline
Activity: 784
Merit: 21
|
|
July 08, 2020, 07:53:57 AM |
|
I was asking myself the same question for a while but ended up just doing 70% Tether cuz I feel is a bit safer and 30% BUSD for the extra interest.
So for you USDT is safer than BUSD? I don't know which stablecoin to trust honestly, these two are both centralized stable coins but still I prefer using USDT because it's available on many exchanges, as a part time trader it's more easy for me to use USDT
|
|
|
|
olamidey
Full Member
Offline
Activity: 798
Merit: 104
Buy, sell and store real cryptocurrencies
|
|
July 08, 2020, 10:02:01 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.
You could also do some 70 - 30% on both ways so you still get the addition 1% interest. It's all about trading and making good gains.
The coins - BUSD and Tether have a good value and doesn't fall.
|
|
|
|
Distinctin
|
|
July 08, 2020, 10:15:22 AM |
|
USDT of course due to its high liquidity, but I'm not saying BUSD is not safe, it's also a safe coin since it's back by Binance which is a reputable exchange. If you don't transact a lot of money, I think you can choose any of the two, they won't be gone anytime soon as they are enjoying the demand on them.
|
| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
|
|
|
witbla
Newbie
Offline
Activity: 154
Merit: 0
|
|
July 08, 2020, 10:26:58 AM |
|
What I would say - the most rational strategy is investing into solutions that have real applicable solution. For example, they adopt blockchain for some issues, existing on one or another market
|
|
|
|
hwteeer
Newbie
Offline
Activity: 112
Merit: 0
|
|
July 08, 2020, 10:27:40 AM |
|
What I would say - the most rational strategy is investing into solutions that have real applicable solution. For example, they adopt blockchain for some issues, existing on one or another market
Afternoon man. I absolutely share your view here. Much basically depends on the solution. Talking about me, number 1 component is practical value and real benefits I get
|
|
|
|
witbla
Newbie
Offline
Activity: 154
Merit: 0
|
|
July 08, 2020, 10:29:05 AM |
|
Afternoon man. I absolutely share your view here. Much basically depends on the solution. Talking about me, number 1 component is practical value and real benefits I get
Works similarly for me. And as for now, are you following (or just having in mind) many such platforms? Cause I would say that I am aware of only 1 or 2 most advanced and attractive blockchain based solutions
|
|
|
|
hwteeer
Newbie
Offline
Activity: 112
Merit: 0
|
|
July 08, 2020, 10:29:52 AM |
|
Works similarly for me. And as for now, are you following (or just having in mind) many such platforms? Cause I would say that I am aware of only 1 or 2 most advanced and attractive blockchain based solutions
Hmm, also around 2 to follow. And what are your favorites? Can you outline? Better with more info on how solution really helps, not interested in some abstract projects
|
|
|
|
witbla
Newbie
Offline
Activity: 154
Merit: 0
|
|
July 08, 2020, 10:32:54 AM |
|
Hmm, also around 2 to follow. And what are your favorites? Can you outline? Better with more info on how solution really helps, not interested in some abstract projects
The most unique I follow is Centric Foundation with 2 their tokens - CNR and CNS. Centric is the world's first dual-cryptocurrency payment network. Its innovative and unique concept is engineered to achieve breakthrough as a reliable form of payment. You should Google them to have a better understanding
|
|
|
|
tvplus006
Legendary
Offline
Activity: 2296
Merit: 1655
To the Moon
|
|
July 08, 2020, 10:47:54 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.
|
|
|
|
rodskee
Full Member
Offline
Activity: 2366
Merit: 191
★Bitvest.io★ Play Plinko or Invest!
|
|
July 08, 2020, 11:09:14 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.
|
|
|
|
Vishnu.Reang
|
|
July 08, 2020, 11:10:04 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.
|
|
|
|
tvplus006
Legendary
Offline
Activity: 2296
Merit: 1655
To the Moon
|
|
July 08, 2020, 01:25:46 PM |
|
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.
|
|
|
|
CHENIEN
Member
Offline
Activity: 616
Merit: 11
Decentralized Ascending Auctions on Blockchain
|
|
July 08, 2020, 04:50:32 PM |
|
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.
|
|
|
|
JeotQ
Member
Offline
Activity: 406
Merit: 14
|
|
July 08, 2020, 05:00:03 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
|
|
|
|
Furryball
Member
Offline
Activity: 490
Merit: 19
|
|
July 08, 2020, 05:10:41 PM |
|
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
|
|
|
|
ameliana
|
|
July 08, 2020, 10:59:26 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.
|
|
|
|
Iyeman
|
|
July 08, 2020, 11:10:19 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.
|
|
|
|
Shasha80
|
|
July 08, 2020, 11:10:31 PM |
|
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.
|
| | | | | BIGGEST AND MOST TRUSTED FULLY LICENSED CRYPTO CASINO | | | | ▄▄▄▄█▄█▄▄▄▄ ▄█████████████▄ ███▀▀███████▀▀███ █▀ ▀█▀ ▀█ █████████████████████ █████████████████████ █████████████████████ ███████████████████ ███████████████████ █████████████████ ███████████████ ███████████ ▀▀███▀▀ | █▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█ █ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ █ █ █ ▄ ███ ███ █ █▀▄▀█ ▄███▄ █ ███ ██▀▄▀█ █▀ ▀██▀█▀█▀██████ ██▀ ▀█ █ ▄▀▄▀▄███ ██ █ █ █ █▄█ ██ ██ █ █ █ ██ ██ ███ █ █ █ ██ ██ █ ▀▄ ▀▄██ ▄▀ ▄▀ ▀▄ ▀█▀ ▄▀ ▀▄ ▄▀ ▀▀▄▀▀ | ▀▄ ▄▀▄ ▄▀ █▄ ▀█▄▄▀▄▄█▀ ▄█ ▀█▀███▀███▀█▀ ▄█████████████▄ █████████████████ ███████████████████ █████████████████████ █████████████████████ ▀███████████████████▀ ▀█████████████████▀ ▀███████████████▀ ▀███████████▀ ▀▀▀█▀▀▀ | | SPANISH CLUBS OFFICIAL ASIAN BETTING PARTNER | │ | ACCEPT MULTIPLE CURRENCIES | │ | . JOIN US | │ |
|
|
|
3meek
|
|
July 09, 2020, 01:24:52 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...
|
|
|
|
Samayuki
Member
Offline
Activity: 574
Merit: 24
|
|
July 09, 2020, 01:34:45 PM |
|
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
|
|
|
|
criket
|
|
July 09, 2020, 01:41:16 PM |
|
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.
|
|
|
|
shushu9977
|
|
July 09, 2020, 01:55:49 PM |
|
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.
|
┏━━━━━━━━━ JOIN TELEGRAM GROUP ━━━━━━━━━┓ │▓▓▓▓▓▓ T o o l K i t z A I - Break the Barrier ▓▓▓▓▓▓│ ┗━━━━━━━━━━━ T R Y D E M O ━━━━━━━━━━━┛
|
|
|
Winscosinally
Member
Offline
Activity: 490
Merit: 16
|
|
July 09, 2020, 01:57:11 PM |
|
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
|
|
|
|
B.wealth
Jr. Member
Offline
Activity: 78
Merit: 1
|
|
July 09, 2020, 04:31:53 PM |
|
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.
|
☯ INJECTIVE PROTOCOL ☯ Bounty Running ☯ ☯ Fast, Secure, and Fully Decentralized Trading ☯
|
|
|
kawser05
Jr. Member
Offline
Activity: 181
Merit: 1
crypto lover
|
|
July 09, 2020, 05:09:48 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.
|
▬▬▬▬▬▬▌ Vulcan Forged ▐▬▬▬▬▬▬ ▬▬▬▬▬▬▌ Telegram ▌ Discord ▌ Twitter ▐▬▬▬
|
|
|
Annamike
Jr. Member
Offline
Activity: 230
Merit: 1
|
|
August 07, 2020, 09:59:50 PM |
|
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
|
Oikos◆ | Decentralized Finance on Tron https://oikos.cash/
|
|
|
tippytoes
|
|
August 07, 2020, 10:03:23 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.
|
|
|
|
pedpedped101
Jr. Member
Offline
Activity: 552
Merit: 1
|
|
August 07, 2020, 11:07:06 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.
|
|
|
|
Itsmylife
|
|
August 08, 2020, 02:15:51 AM |
|
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.
|
|
|
|
slashz9
|
|
August 08, 2020, 04:40:09 AM |
|
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.
|
|
|
|
Henrytrust
Copper Member
Jr. Member
Offline
Activity: 238
Merit: 1
|
|
August 08, 2020, 06:30:32 AM |
|
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.
|
|
|
|
hrunya102
Member
Offline
Activity: 546
Merit: 11
|
|
August 08, 2020, 07:03:00 AM |
|
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.
|
|
|
|
fosco333
|
|
August 08, 2020, 12:59:38 PM |
|
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.
|
|
|
|
kevinzxz
Full Member
Offline
Activity: 1470
Merit: 105
👉bit.ly/3QXp3oh |🔥Launchpad on TON
|
|
August 08, 2020, 01:36:18 PM |
|
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.
|
|
|
|
totoy4741
Member
Offline
Activity: 882
Merit: 13
|
|
August 08, 2020, 03:49:04 PM |
|
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.
|
|
|
|
Tipstar
Sr. Member
Offline
Activity: 1764
Merit: 280
Smart World Global Token
|
|
August 08, 2020, 03:52:23 PM |
|
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.
|
|
|
|
Yudhisthir
|
|
August 08, 2020, 03:56:58 PM |
|
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.
|
|
|
|
sayulita
|
|
August 08, 2020, 04:00:55 PM |
|
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.
|
|
|
|
jrrsparkles
Sr. Member
Offline
Activity: 2394
Merit: 257
Eloncoin.org - Mars, here we come!
|
|
August 08, 2020, 04:24:55 PM |
|
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.
|
▄▄████████▄▄ ▄▄████████████████▄▄ ▄██████████████████████▄ ▄█████████████████████████▄ ▄███████████████████████████▄
| ███████████████████▄████▄ █████████████████▄███████ ████████████████▄███████▀ ██████████▄▄███▄██████▀ ████████▄████▄█████▀▀ ██████▄██████████▀ ███▄▄████████████▄ ██▄███████████████ ░▄██████████████▀ ▄█████████████▀ █████████████ ███████████▀ ███████▀▀ | | | Mars, here we come! | ▄▄███████▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀ | ElonCoin.org | │ | | .
| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
|
|
|
shushu9977
|
|
August 08, 2020, 05:20:11 PM |
|
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.
|
┏━━━━━━━━━ JOIN TELEGRAM GROUP ━━━━━━━━━┓ │▓▓▓▓▓▓ T o o l K i t z A I - Break the Barrier ▓▓▓▓▓▓│ ┗━━━━━━━━━━━ T R Y D E M O ━━━━━━━━━━━┛
|
|
|
arufox
|
|
August 08, 2020, 05:33:39 PM |
|
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
|
|
|
|
alik111
Member
Offline
Activity: 362
Merit: 12
|
|
August 08, 2020, 05:38:30 PM |
|
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.
|
|
|
|
Alohadanc3
Member
Offline
Activity: 1050
Merit: 10
Martian Swap - Anti Whale Measures New Yield Farmi
|
|
August 08, 2020, 06:07:28 PM |
|
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.
|
|
|
|
BChydro
|
|
August 08, 2020, 06:28:45 PM |
|
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.
|
|
|
|
Em00n01
|
|
August 08, 2020, 06:58:38 PM |
|
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.
|
|
|
|
key4co.in
|
|
August 08, 2020, 07:19:09 PM |
|
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.
|
|
|
|
FaucetKING
Sr. Member
Offline
Activity: 1246
Merit: 306
C U
|
|
August 08, 2020, 07:44:24 PM |
|
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.
|
|
|
|
|