Help a newbie choose a better stable coin

[LUCKMCFLY]

I'm looking forward to store some stable coin for future investment, maybe probably when a harder bearish market takes place to buy coins for lesser price but I can't seem to figure with stable coin can make me have a good night sleep at night with zero worries, USDT? BUSD?

A good stage by choosing stable coins. They are always profitable and do not have to worry about losses. USDT is a safe option. However, To choose a coin I recommend you invest in Ethereum. Alcoin never disappoints.

I think that the stable currency that is most used in commerce, whether in trading or in P2P, is usdt, however with BUSD you can move very well in all exchanges and without paying a fee, but as I told you before, most of people trust usdt for everything, despite the problem that there was with bitfinex that was accused of manipulating the market with tether that were generated out of nowhere to buy BTC, this is just one of the things that can tarnish the usdt, but I recommend you that any of those two will serve you. And if you want an investment that will never let you down, it is Bitcoin.

[SistaFista]

For me, the best stable coin is BUSD on binance smart chain network.
Why ? Because BUSD is created by biggest crypto exchange Binance, and the transaction gas fee is cheap on bsc.
Another stable coin such as USDT, but we should use low fee blockchain like TRON blockchain to avoid high fee.

[Irazzzta]

For me, the best stable coin is BUSD on binance smart chain network.
Why ? Because BUSD is created by biggest crypto exchange Binance, and the transaction gas fee is cheap on bsc.
Another stable coin such as USDT, but we should use low fee blockchain like TRON blockchain to avoid high fee.

So far I have used USDT from Tron, indeed the USDT transaction fees from Tron blockchain are quite cheap. another alternative could be from other chains with low transaction fees. I have avoided using USDT from the ETH Blockchain for a long time. it's because Gas costs are high, and it happened just when I wanted to send my stable coin to the exchange.

[Anonylz]

Between usdt and busd, I will suggest busd, binance may be centralized but it is a known brand worldwide that has the trust of majority, has a strong and solid foundation unlike usdt that is surrounded by controversial information.
If you want a more decentralized stablecoin, dai from MakerDao Multi-Collateral Dai (MCD) system is mostly recommended by many, you can take a look at it.

[KingsDen]

USDT and BUSD are the same, you can use both or choose one. There is nothing to worry about because everything is safe.

I am very shocked to see this advice. It is unlike other advices about the stable coins. I have been reading how controversial they say USDT is. Apart from the fact that it is a centralised coin, can anyone explain to me about the controversies of USDT.
When in theory we criticise these stable coins, but in practice you will be astonished by the volume of people using same coin that we predict to crash tomorrow.
I have some amount of money in USDT and I am not shaking, besides even the most decentralized coins fail too.

So, use anyone of your choice, as long as crypto continues, trading is ongoing, binace, binance stable coin and usdt are not crashing any soon.

[Teletalk.org]

A coin that is a stable coin is never priced below 1$ - 99.99$. There are two stable coins in the cryptocurrency market: usdt or busd.
These coins will have the same value throughout life. These coins are commonly used when a large trader is trading and if he sees the value of the coins he is trading by then the price goes down overnight. Then if he exchanges that coin for stable coin then he can be saved from a big loss. Then stable coin comes in handy.

[Tony116]

USDT and BUSD are the 2 most popular and used stablecoin today, I think you don't need to worry too much about holding stable coins because they are centralized.
USDT has allegations surrounding it but it has stood the test of time with the market to this day, BUSD is a stable coin created by the world's largest exchange so there is nothing to worry about hold them. While everything is risky, investing in crypto is already considered risky.

[$anounimus$]

To give some alternative options for helping a newbie, the real answer is to diversify your portfolio and not just invest in various stable coins it's best to diversify with multiple coins so that you're not left high and dry if something happens but If you are looking for stability then you will find it with USDT or BUSD as they are pegged to the dollar. I  also would recommend USDT over BUSD because it has more effective economic incentives.

[cheezcarls]

I'm looking forward to store some stable coin for future investment, maybe probably when a harder bearish market takes place to buy coins for lesser price but I can't seem to figure with stable coin can make me have a good night sleep at night with zero worries, USDT? BUSD?

Stablecoins aren't subjected to market volatility as they are pegged to a dollar in which the ratio is 1:1. They can be used as an alternative savings currency rather than in a bank, but it's not going to grow like Bitcoin, Ethereum, etc. USDT is the most popular out there that are being used to trade with BTC and other top coins and tokens out there. BUSD, USDC and DAI are also great alternative stablecoins to USDT, and so far I'm having no problems with either of them.

[NicNacCoin]

I'm looking forward to store some stable coin for future investment, maybe probably when a harder bearish market takes place to buy coins for lesser price but I can't seem to figure with stable coin can make me have a good night sleep at night with zero worries, USDT? BUSD?

Among the stable currencies we know are USDT, USD, BUSD and DAI. If you buy all these coins and keep staking them, then your profit will come.You will not have any risk here. If you keep fixed savings, good profit will come from here every day. Where your 10%-15% APR will be given.You will get profit every day and you will be able to sleep peacefully.

[Little_Sister]

I'm looking forward to store some stable coin for future investment, maybe probably when a harder bearish market takes place to buy coins for lesser price but I can't seem to figure with stable coin can make me have a good night sleep at night with zero worries, USDT? BUSD?

I doubt your knowledge of crypto investment, you already know USDT/BUSD part of the stable tokens which is not affected in both bullish and bearish markets, the question is why do you still doubt the stable tokens with the highest capitalization and volume based on CMC. I think you are not ready for the allocation you are investing in.

[mdzahed134]

I think you can easily trust both of them. USDT have mostly solved those previous problems and BUSD did not had any until now.
I'm using USDT since I was involved in crypto with no issues.

Both of most popular stable coins in the whole crypto community, especially USDT is the most utility also highest trading volume stable coin according to Coinmarketcap. But problem is both of centralized which is matter of worries i think because they can freeze your coin at any time for a reason. So i think you will never tension free to keep holding those coins for the long term in your wallet.

[retreat]

I'm looking forward to store some stable coin for future investment, maybe probably when a harder bearish market takes place to buy coins for lesser price but I can't seem to figure with stable coin can make me have a good night sleep at night with zero worries, USDT? BUSD?

to be honest, I'm not sure about USDT but I would recommend you only on BUSD. BUSD is backed up by the world's largest exchange, with a very large number of transactions while USDT I don't know if they will survive or not because several years ago they had dealings with the SEC. keep playing safe with BUSD, besides that you can also do staking (if you make long-term investments) on the binance exchange.

[MFahad]

Usdt is more usable coin as a stable coin for trading but not backed by any company so it's risky to hold Usdt however if someone use it for trading then it's good. Busd is Binance exchange stable coin and very good if any body trade in Binance exchange. Dai is more secure stable coin for holding. Terra coin is also day by day showing power and now third large stable coin and not bad to hold.

[Alisha FR]

I would choose USDT, this coin still looks stable. i can say our worries will go away if holding USDT coins. This coin is still very profitable because of its stable value. USDT is a coin that aims to keep the valuation of cryptocurrencies stable. I like investing here, but I haven't taken action yet.

[max6575]

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[DevFile90]

I doubt there will be a crypto space if USDT goes down, its now the back bone of crypto space for many reasons, more popular than every single old and new stable coins too, there is no reason to be scared of this stable coin unless you are into hacking and stealing peoples fund.

[gurunanakji777]

If you want to keep your money in a stable currency for future investment then why not keep your funds in your native currency. You can convert it any time to cryptos (USDT & BUSD) whenever you will think is the right time to make an investment. Personally, I use USDT as a stable currency without any issues to date.

[Jaered]

I think you can try USDC. It is relatively more credible than USDT, though the later is more popular. Then Tron just released a new stable coin USDD which is getting all the attention and already has 100 million in circulation

[max6575]

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