busd or USDT safe

[wallet4bitcoin]

I use both. USDT is most popular stable coin. And we can see usdt pair almost every exchange. BUSD also useable in BSC dex. Personally i always try to use BUSD in bsc dex. If i have to choose one, Then I will choose USDT.

[eaLiTy]

I would rather avoid both these coins and need to find another coin that can be held as a stable currency. I will not trust USDT for obvious reasons of transparency and we never know when that market will get in trouble and BUSD which is run by CZ and i am yet to use them, even though they are a monopoly i doubt whether they will be transparent.

I might hold Dai stable coin for holding my valuation intact than BUSD or USDT.

[RealMalatesta]

BUsd related to Binance. So some sure about it. If anything happened  Binance can be point out. If USDT happended what can we do?

Busd is too centerized than USDT but both of them are suck are it is better to avoid using them for large volumes.
USDT has many problems and there are some articles that talk about them lending some of those coins to make an income from them. I also don't think it's really pegged (there is a dollar in their bank account for every digital dollar produced)
BUSD is too centralized and tied to that platform.
Use DAI.

Too centralized? I mean do not get me wrong I agree that BUSD is as  centralized as it gets and it is under one company's control and there is nothing you can do about it if they say that they are not giving it back and all BUSD belongs to Binance, which is the reason why nobody should use it, I still do and I am in the wrong there and I should not use it but it is very centralized and risky.

However you think USDT is different? How could you think that? USDT is literally a product of a company called "tether", that company literally has 50+ billion dollars from your and my pocket and they do not even back it up, there is only 4% in cash, all others are in stocks, assets and cash like stuff but only 4% is in cash, think about the trouble there. USDT is the most centralized currency ever created, it is under one CEO's rule and that is it, even BUSD is better because Binance has a lot to lose with their company, Tether only has USDT and nothing else so they could scam people very easily.

[Smitty Werben Man Jensen]

BUsd related to Binance. So some sure about it. If anything happened  Binance can be point out. If USDT happended what can we do?


so what is the best ?

if you are a Binance user, saving BUSD is also safe, because Binance provides a higher level of security for users,
and that's a good move, there is no significant difference between USDT and BUSD, both are stable coins,
but USDT is still the leader in terms of marketcap, yes or as USDT is the king of stable coins

[cabron]

You can point out bitfinex when something happened to USDT. They are the ones responsible for it and the companies behind it. Fortunately, tether is already complying with the laws afaik because they have been audited which they indicated already. It seems to be too big to fail for USDT, they have been around for years and if regulators are already watching cryptocurrency market, I guess they are already going to be seized if they are not complying to the regulators.

[Luqman]

BUsd related to Binance. So some sure about it. If anything happened  Binance can be point out. If USDT happended what can we do?
so what is the best ?

USDT has the most community and if anything happens, you don't need to worry because most of the exchanges in the world always provide the pair of USDT, so that you can as soon convert the coin to other cryptos. However, I am not sure that something bad will happen to this stable coin because it is the most used in the world. BUSD is also a stable coin that is good enough but it is limited to used only in Binance or its partner. So, there is no problem in using both USDT, BUSD, DAI, USDC, and others.

[Bitcoinjheta]

actually both stablecoin are good and safe to use but they have different work of specialty. USDT are the most common coin used in many transaction on exchanges while BUSD are only focusing on Binance transaction.

[Emmychris]

No doubt the both stable coins are very good and useful but USDT is more popular than BUSD, in almost every exchange we come across we find usdt being listed on it and also usdt got more trading pairs than BUSD. The usdt stable coin is more preferred than busd, traders find it more comfortable trading with usdt pair which now makes usdt look so important than any other stable coin.
  BUSD seems to have so much engagements on Binance since it's their stable coin but this doesn't change the fact that usdt is more preferred and popular than busd.

[Ekyfitri]

actually both stablecoin are good and safe to use but they have different work of specialty. USDT are the most common coin used in many transaction on exchanges while BUSD are only focusing on Binance transaction.

for traders on binance, I'm sure I will use BUSD more than USDT. This is related to the fees for each transaction that are charged for each trade transaction on Binance. but to be thorough across all exchanges many will choose USDT due to the large volume of stable coins across multiple exchanges. Moreover, to make withdrawals, there are now many USDT networks to choose from, such as TRX, which provides cheaper fees.

[Ararbermas]

For me in my view USDT is the most safe place to hide when there's a problem in the market..  Actually i don't have experience in BUSD but seems there's no difference as it's both stable coin in the market, wherein the problem is it's only available at binance? Because i try to search it in different exchanges and only USDT is available. If it's true then USDT will be the best option in personal opinion even though they're both good and stable coin in the market when it comes trading in different exchanges..

[dhemasm]

Both of them is good and backed by reputable company, BUSD with Binance and USDT/Tether with tether limited (Bitfinex) So if there anything happens i suppose we don't need to panic because it is controlled and maintained by the two largest exchanges in the crypto market, no need to be afraid but even so be careful, Good luck!

[semobo]

Tether (USDT) and Binance USD (BUSD) Both coin are Stablecoin. thous coin price will not dump or Pump. So we can Trust and Store both coin when market conditions is ruin.

Both coins are centralized and they can print as much as tokens they want, even though the price may not bump and dump it has chances to reaches zero if the trust on those coins from the community lost. If you compare both then BUSD is bit better because it has less transaction fee and atleast owned by a reputed exchange. Whereas the best among the stable coins is DAI since it is decentralized.

[ethereumhunter]

Both are safe, but maybe it is about we can feel comfortable choosing one of them or choose both. Some people prefer to use BUSD than USDT, while others prefer to use USDT. Maybe you can read an article on Quora. Here is the link:

https://www.quora.com/What-stable-coin-should-I-use-on-Binance-USDT-or-BUSD#:~:text=K%20answer%20views-,They%20don't%20guarantee%20a%20physical%20dollar%20backs%20every%20USDT,and%20number%20of%20trading%20pairs.

[Tumanggor]

BUsd related to Binance. So some sure about it. If anything happened  Binance can be point out. If USDT happended what can we do?


so what is the best ?

both are stable coins and the same as multi-chain, so both for me are very safe
but I personally prefer USDT because it is an old stable coin

in the few transactions that I have made, I am more dominant with USDT
the point is to use what you feel comfortable and need

[kesmex]

BUsd related to Binance. So some sure about it. If anything happened  Binance can be point out. If USDT happended what can we do?


so what is the best ?

both are stable coins and the same as multi-chain, so both for me are very safe
but I personally prefer USDT because it is an old stable coin

in the few transactions that I have made, I am more dominant with USDT
the point is to use what you feel comfortable and need

It's true that there is no need to worry about using BUSD or USDT because many have used both and are proven to be safe,
but indeed it comes back to each individual which one prefers,
what is clear when talking about stablecoins is that the choice is between BUSD and USDT

[tvplus006]

...so what is the best ?

Both of these stablecoins have the same disadvantage because they are centralized. If I decided to store my savings, I would choose a decentralized stablecoin, such as DAI. But for trading, it will be difficult for you to limit yourself to decentralized stable coins, since for example, for trading in the Binance smart chain, this will require BUSD.

[jambul_kribo]

BUsd related to Binance. So some sure about it. If anything happened  Binance can be point out. If USDT happended what can we do?


so what is the best ?

I think the safest is the USDT. Because BUST is new to the market. It came with binance. But the USDT has been in the market for a long time. I think USDT is much safer

no matter who is new in market or existing currency in market. we should not judge which is better based on this thing , but look at who is behind in this stable coins and how the mechanism for each token minting. in  USDT we look at advantages when use TRC 20 network, transaction speed and fee maybe better. but personally i never use BUSD so i didnt know the weak or strong point.

[mrdeposit]

BUsd related to Binance. So some sure about it. If anything happened  Binance can be point out. If USDT happended what can we do?


so what is the best ?

Maybe the 'more use' of USDT? The quantity and volume have been increasing almost every day. OR you can try stablecoins like TUSD, DAI instead. Unlike USDT, both have been proved assets that projects are based on, which will not cause you to ask such questions. lol Also there are other reputable projects such as PAX(PAXG).

[nomenclatur]

BUsd related to Binance. So some sure about it. If anything happened  Binance can be point out. If USDT happended what can we do?


so what is the best ?

busd and usdt are quite balanced where investor confidence is also very large making these two stable coins very influential to buy when bitcoin prices fall but busd is more cost-effective when trading and making withdrawals on the binance exchange undeniably busd is more cost-effective on binance whereas the usdt has been traded on all the major exchanges and usdt has been known for a long time and has a higher trading rate it is that the attractiveness of fees is also quite normal for withdrawals.

[Woodie]

As both are stable coins I don't see how one has an advantage over the other,unless we talk of transaction fees which might vary but the good news is these have come down if you are using the Ethereum blockchain, any other blockchain fees are cheaper.