OasisDre
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May 20, 2020, 08:44:23 AM |
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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
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Chuky92
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May 20, 2020, 10:35:47 AM |
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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. |
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chunnu39
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May 20, 2020, 10:48:03 AM |
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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
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krb91
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May 20, 2020, 11:19:34 AM |
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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.
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reliable
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May 20, 2020, 11:39:26 AM |
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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. |
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Lance203sin
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May 20, 2020, 12:06:54 PM |
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USDT has higher adoption across other exchanges and stores
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timmmers
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May 20, 2020, 12:17:19 PM |
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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.  |
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Galley
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May 20, 2020, 01:39:01 PM |
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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.
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Rafiqul
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May 21, 2020, 10:32:14 AM |
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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.
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michellee
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May 21, 2020, 12:59:16 PM |
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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. |
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Vishnu.Reang
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May 21, 2020, 01:12:22 PM |
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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.
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r32godzilla
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May 21, 2020, 03:00:49 PM |
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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.
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Greatdev
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May 21, 2020, 03:03:31 PM |
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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
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gweedo
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May 21, 2020, 03:04:39 PM |
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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. |
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Malam90
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May 30, 2020, 01:09:41 PM |
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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.
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TheGreatPython
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May 30, 2020, 06:33:55 PM |
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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. |
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Smitty Werben Man Jensen
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May 30, 2020, 06:58:12 PM |
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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 |
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abel1337
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May 30, 2020, 07:21:19 PM |
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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.
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pixie85
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May 30, 2020, 09:03:30 PM |
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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. |
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tycsols
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May 30, 2020, 09:21:37 PM |
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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.
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