What stable coin are you into?

[Kalchef]

Between BUSD and DAI stable coin which one would you prefer and why? One is centralised and the other is decentralized is there anything else?.

[BitMaxz]

Based on rankings BUSD is a much higher volume than DAI and the bad thing about DAI is you will pay a high gas fee compared to BUSD.
Also, BUSD has more liquidity than DAI.

So for me, I choose BUSD but the only problem is yes it's centralized, unlike DAI. As of now, I don't see any issue with using BUSD unless you want to hold them for a long time but if you are planning to hold it for a long time then DAI would be the best but take note of gas fees in the future and stable coins are not good to hold for long term or as a store of value, unlike other coins.

[cryptoaddictchie]

Between BUSD and DAI stable coin which one would you prefer and why? One is centralised and the other is decentralized is there anything else?.

Im using binance so I am using much of busd instead of dai. But on dex I think you can use usdt and usdc for much bigger volume. For centralized busd is good, cause its from binance and I like the no fee inccured during trading orders and setting orders. For dex, I am more keen on using usdc but dai also on some of my used dex. Anyway both are good.

[noorman0]

It depends on your needs. Since DAI is more widely accepted across centralized services, I would prefer DAI if I want to store in my personal wallet and trade a lot on global exchanges. BUSD is not very comprehensively used other than Binance itself, BUSD is only supported by Binance partners.

I personally don't keep both in my personal wallet, almost never.

[S3300]

I believe that DAI is running on erc20 smart contract and that makes things sucks because gas fee will be higher, I trust BUSD more because it's from Binance even if it's centralised we all know how reliable binance CEO is and also BUSD have the highest volume.

[batang_bitcoin]

Between BUSD and DAI stable coin which one would you prefer and why? One is centralised and the other is decentralized is there anything else?.

If I'm trading in Binance, obviously, I'll choose BUSD.
But if I'm going to retain my wealth in stable coins, I'll choose DAI and that's for sure. If it's about the concern of fee because of DAI's running through Ethereum's smart contract and it is an ERC20 token, it's starting to drop these days. I've been checking it at all times and for the past week, I can say that it have really been cheaper unlike the past months.

[budz0425]

Between BUSD and DAI stable coin which one would you prefer and why? One is centralised and the other is decentralized is there anything else?.

Personally, when using CEX I always choose BUSD, when DEX USDT.
Compare to trading fee in Binance BUSD is lesser than USDT

[bitbollo]

I am not a great supporter of stable coins despite there are some cases these are really useful.
Inside exchange I use for "short terms" USDT because it's widely accepted, and I can move with other exchanges/wallets .

Storage outside exchange (my keys), I am using xdai due the lower tx fees and easy app to use it.
https://coinmarketcap.com/it/currencies/xdaistable/
This stable coin has been used also by Austrian Crypto Stamp shops https://crypto.post.at/

[danherbias07]

Most of the time using Binance so I am biased here with BUSD. Haven't checked DAI yet as I was comfortable with the old one.
I think this depends individually on where they are or what exchange they use specifically. If you are in Binance why would you go far in using other stable coins rather than their own? It also avoids confusion. While if you are in a different exchange, that's when you are supposed to look for other options.
BUSD it is.

[Crypt0Gore]

BUSD is the better choice because it's from a top crypto exchange called binance, since this exchange cane into play the teams have proven to be different, they are responsible for fixing ETH high gas with BNB smart chain too yes I trust them even more than DAI ( a decentralized stable coin ).

[Marvell1]

DAI is more decentralized than BUSD but I am using BUSD more. BUSD has high trading volume and cheap transaction fees, BUSD is backed by Binance, the exchange with the largest user nowadays. even though it is a centralized stablecoin, i feel safe using it as i trust the reliability of binance and i have not had any problems using it.
And Iam also a regular trader on Binance, so BUSD is my favorite stable coin.

[XUR_TIP]

BUSD have Changpeng Zhao (binance CEO) it's obvious that people will trust BUSD more apart from it's cheaper transaction fee, BUSD belongs to the most trusted centralised crypto exchange and that's why I'm also on BUSD/Binance exchange train.

[WalkerIVIV]

Between BUSD and DAI stable coin which one would you prefer and why?

I prefer BUSD over DAI, for me decentralized didn't matter a lot in my life. Decentralization is only playing a very important role when you wanna try to hodl your stable coin for long term but to be honest so many whales are also holding their BUSD and they are not facing the same problem like what happened with USDT. Both were safe but i prefer to pick BUSD over DAI.

One is centralised and the other is decentralized is there anything else?.

That must not become the main concern. I will trust binance rather than DAI. This company has backed its BUSD with real money and it's fully backed by the dollar. It's also having very cheap transactions even in some exchange sites the fees was almost zero. There's no better stable coin than BUSD. The best stable coin so far.

[Doell]

Depends, I wouldn't choose both if for hodl in the long terms. But if I want to trade I will probably use Busd. If in a market that supports Busd coin, because the fee is cheap and quite fast. If there is any other option other than these two then I wont use it either if its useless, honestly I don't hodl long too often any stable coin.

[fvb]

I prefer BUSD or USDC sometimes USDT. In general, the main thing is as a link to the transitional moment of buying any coin on many major exchanges. And to be honest, I’m just used to the BUSD coin and practically don’t use others.

[GelatikKembar]

there are many stable coins in cryptocurrencies, of course it will make beginners confused,
but don't worry, because here many have recommended stable coins that are good and of course safe,
I have 2 stable coins that I recommend, the first is BUSD and the second USDT.

[glendall]

I prefer BUSD over DAI, because for me BUSD has a higher volume of trading power every day and I can spend BUSD on any coin.

[kawetsriyanto]

Between BUSD and DAI stable coin which one would you prefer and why? One is centralised and the other is decentralized is there anything else?.

BUSD so far, because it is used in Binance mostly. Although it may not be found in some global exchanges.
However, in the global exchanges, I am still using USDT mostly. Although many people say that USDT is not safe and not recommended, so far, I am still using this for trading and also having no problem with this. However, I am not using it for holding, only for trading.

[yazher]

I believe that DAI is running on erc20 smart contract and that makes things sucks because gas fee will be higher, I trust BUSD more because it's from Binance even if it's centralised we all know how reliable binance CEO is and also BUSD have the highest volume.

That's what I'm thinking too but the problem is when you hold it for so long and these things when being centralized have some kind of features where they can auto-lock all the BUSD right there but that's not gonna happen just a mere theory because there's no reason for them to do that anyway. You can choose it and convert it to bitcoin when you decided to hold it if again just don't rely on centralized coins because as we said, it has some issues.

[Tony116]

DAI gas fee is too high so I almost don't use it, I use USDT and BUSD so far. BUSD is a stable coin developed and used exclusively for transactions on Binance, if you are using Binance to trade then BUSD is a great option with low gas fees.
USDT is probably the most scandalous and risky stablecoin but now it is being used as the base trading pair of all coin pairs.