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bct-user
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March 22, 2021, 11:58:43 PM |
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In my opinion, they are the same, no different. Both are stable coins and we use them for the same purposes. We usually buy these coins in order to secure the value of our assets. Then, even if it is a bearish or correction phase, we get no negative impacts on our coin values. Even, the prices of stable coins commonly increase once there is a correction phase.
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tabas
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March 22, 2021, 11:59:13 PM |
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Both are good stable coin, If I can choose I prefer to use USDT than BUSD. Not all exchanges use BUSD as pair in trading, it might be difficult if I have BUSD and I want to buy coins on a major exchange that doesn't use BUSD. Even when I buy coins on Binance I often use USDT.
It's the same thing with me. I usually use USDT because it has a lot of support from exchanges and service providers. Majority of transactions on Binance is being done using BUSD while USDT, you can see it on almost all exchanges including centralized and decentralized exchanges too. That's the advantage of USDT but I'm off using it. I'll choose to use BUSD since most of the time I'm just sticking to Binance to trade and exchange what I want to exchange. The liquidity of USDT is the highest and that's why many are choosing it as their main stable coin. But it's also good to try some new but coming from a well reputed exchange because there are others too. |
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DoctorMark
Jr. Member
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Activity: 61
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Not a Doctor
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March 23, 2021, 01:47:46 PM |
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Is USDT still not 100% backed? This has to be worrying.
My personal preference is Binance I feel much safer going with an organisation I trust.
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mdzahed134
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Activity: 2142
Merit: 259
Vave.com - Crypto Casino
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March 23, 2021, 04:22:36 PM |
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Both two were stable coins but the difference of both of them are the exchanges, BUSD listed only few exchanges and the USDT has listed many exchanges almost all f it but speaking of the transaction fee USDT is extremely high, it's not good idea if you want to transfer your funds using USDT.
That's right BUSD mainly trades on the Binance exchange, and it’s available in other few DEX exchanges. But it can be said that it has become popular in a very short time. USDT unanimously acceptable stable coin for all of the users. Also USDT pair is getting highest priority all of those exchanges. ETH network fee is unsuited to use right now, so i think you can use TRC-20 network if you need to make transaction. |
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Shussainshah
Jr. Member
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Merit: 15
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March 24, 2021, 11:51:19 AM |
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BUSD Vs. USDT both are stable coin mostly i use usdt because they are available in the most exchange but in the other hand busd is not famous and not listed in every exchange so that the reason i pick usdt rather then busd . but in future i am thinking about busd because usdt is not secure then busd .
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illnino
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March 24, 2021, 09:18:30 PM |
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Each of these stable coins has advantages and disadvantages. I do not see any fundamental difference between USDT and BUSD, there are indeed some differences but in general the functions of stable coins are the same.
I assume that people's opinions about these coins differ only due to personal preference. Some people like Tether, others prefer the stablecoin from Binance. If you still have doubts about what to invest your money in, it is better to choose TUSD. It is a more reliable cryptocurrency today.
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WalkerIVIV
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March 25, 2021, 04:10:19 AM |
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The difference is that USDT is in many networks such as ERC20, OMNI, TRC20, BEP20, while the BUSD that I know of is only in BEP2, BEP20, and ERC20. Apart from that I think everything is the same.
No difference at all and the function is still the same but there is a question about whether binance can frezee our money like what already happened with USDT. I see that in so many hacked case of tether has power to control USDT. That may not happen in BUSD. people should choose what makes they are feeling confident. The liquidity and acceptable of exchange sites make different got the differences |
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abderrazak belkhir
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March 25, 2021, 04:30:11 AM |
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USDT still the best for me but i noticed that many persons start using the BUSD For some reasons... BUSD have the advantage regarding fees but USDT is available also on tron blokchain and this is where i always use it...the main problem for binance usd is the number of exchanges that provide BUSD pairs and also many exchanges like kucoin dont even have bcs addresses for its users
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nicecrypto
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March 25, 2021, 06:02:02 AM |
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USDT still the best for me but i noticed that many persons start using the BUSD For some reasons... BUSD have the advantage regarding fees but USDT is available also on tron blokchain and this is where i always use it...the main problem for binance usd is the number of exchanges that provide BUSD pairs and also many exchanges like kucoin dont even have bcs addresses for its users
I agree with you. I believe what I personally see as the difference it BUSDs availability in more exchange but other than this, I believe they are both the same as they provide same function and yes as a Binance exchange user, I like to use BUSD while trading there also because of the lower fee but at the end of the day it is personal choice as which you choose to trade with. |
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mdzahed134
Sr. Member
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Activity: 2142
Merit: 259
Vave.com - Crypto Casino
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March 25, 2021, 07:00:20 PM |
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Is BUSD no much different from USDT?
Which do you prefer?
many traders are already using usdt. but from me personally i prefer busd. busd may be more likely to be somewhat stable when stored for long periods of time. it all depends on individual taste No users will be hold stable coin for long term because there are no benefit to hold it. Its use is still relatively inefficient from USDT. So people have not yet become habituated to using it. Even though it’s not listed in the mostly exchanges. The main things USDT has supported a several network as like Trc-20 is good one & very lower network fee. |
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Kitaiev
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March 26, 2021, 09:31:43 AM |
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It all depends on the tasks at the moment, if i need to send money from one exchange to another then basically i choose usdt and if i need to keep my savings for a shorter time then i choose USDC. I hardly use BUSD...
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worldofcoins
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March 26, 2021, 11:42:21 AM |
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BUSD is centralised by New York’s Finance department so i would say it can be relied on much more compared to USDT.
I’m not saying USDT can’t be relied on, the fact that it’s been around longer than BUSD and is accepted on more places but the component centralisation is missing, that’s the only drawback I’ll say.
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(o)(o)ilikeboobs(o)(o)
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March 26, 2021, 03:07:05 PM |
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Many exchanges allow USDT to be circulated in their exchange. USDT supports many different blockchain platforms so I prefer it to BUSD.
Although USDT has many scandals in the past, things with this stable coin are doing very well right now and it has the highest transaction volume and capitalization of any stable coin I know. In this bull run, it can be said that USDT has many merits because every time Bitcoin falls, Tether continues to print USDT.
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Golftech
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March 26, 2021, 05:09:00 PM |
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It all depends on the tasks at the moment, if i need to send money from one exchange to another then basically i choose usdt and if i need to keep my savings for a shorter time then i choose USDC. I hardly use BUSD...
Correct, it's depends from how you needed the process USDT though is still the most use since there are lots of exchange who catered this stable coin and traders and investors can simply send their coin from time to time. In the other side, BUSD is also being use the most inside Binance. |
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Alohadanc3
Member
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Martian Swap - Anti Whale Measures New Yield Farmi
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March 26, 2021, 06:34:05 PM |
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Both of them are same. Both of them are centralized. Usdt is old but there are many complaints against usdt. But I never faced any kind of problem though. Now the usdt fees is a bit high. Though I prefer usdt(trx) now it cut the fees. In other hand I think busd is well structured the market cap of the coin maybe a little less. But it's fast and less fees. And it's a binance powered coin and they always try to provide best experience to their users. For me both of them worked fine and I used both of them.
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Review Master
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March 26, 2021, 06:49:50 PM |
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many traders are already using usdt. but from me personally i prefer busd. busd may be more likely to be somewhat stable when stored for long periods of time. it all depends on individual taste
Many traders are using USDT so that they won't get a huge dump or other pairs like BTC or ETH whenever bitcoin takes any kind of big movements. BTW, if anyone wants to hodl BUSD for a longer period of time which indicates that he/she might have preparing for the bear market as hodling BUSD or even USDT won't be good for portfolio. Also, i can't disagree on individual tastes/thinking.  |
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donatello345
Jr. Member
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Activity: 212
Merit: 1
give me back my 2008
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March 26, 2021, 08:30:01 PM |
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I like the Blockchain itself more from Binance, specifically for transactions, etc.
Also, when transferring USD, you will not need to pay such horse commissions as when sending USSD on the Ethereum blockchain!
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devollito
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March 27, 2021, 01:53:33 AM |
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I was a user of usdt when i want tto keep my profit on trading. But now i move it to busd because usdt on ethereum network need high gas fees, busd is on top of binance smart chain so the fees is 10x cheaper. And i am not whale thats why ethereum gas fees can hurt me.
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TheGreatPython
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March 27, 2021, 07:03:47 PM |
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Is BUSD no much different from USDT?
Which do you prefer?
The year has been a really crazy experience for USDT, but BUSD is cool, although it’s still new. Between the both of them I think I’m going to choose the BUSD because it’s owned by Binance, it’s a U.S regulated stablecoin that is 1:1 with the USD and with Binance being one of the biggest exchanges in the market, making BUSD an option is really going to be worth it. I am yet to fully understand what’s really wrong with Tether, but t has been seriously drained by the issues that it has been facing and the position on Coinmarketcap has declined to a lower position. For now the best to go for is the Binance USD (BUSD). |
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Hasan986
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March 27, 2021, 07:42:26 PM |
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BUSD and USDT Both are stable coin. But I would say to use USDT. Currently there is a lot of use from USDT. Negative in the name of Usdt which was information. It is no more. Undoubtedly USDT can now be used safely.
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