Two projects that are similar to each other, not bad coins in terms of keeping them like a dollar, the bad thing is that they have a different commission when withdrawing these tokens from the exchange. If they are hanging on the platform, then you need to choose the right platform for a smaller comsa.If you withdraw from the exchange to save, you can do it in any blockchain and keep them there until you need them, and if you want to change them immediately to fiat currency, you can use P2P exchange, which is now present on almost all exchanges and there you will not pay any commission at all.
Look at this screenchot , BUSD in Binance already removed and this is Bad News from BUSD.Sec about it long ago told binance , it's a matter of time when it would come , I have long ago sold my busd and exchanged them for regular usdt to sleep well , we all know that regular steiblcoins are not 100% backed by real fiat money but at least with them there are no such problems , I no longer keep my savings in any steibles , only in usdt .
BUSD and USDT both are satable coin and good project. The choice between USDT and BUSD ultimately comes down to your goals for holding the stablecoins. If you are looking for a token that can be used on several exchanges and thousands of cryptocurrencies, then USDT may be the token for you.
In yesterday's article, we compared #Stablecoin
BUSD vs USDT 🌞 ;)
From 2024-01-02 03:00 (UTC), BUSD withdrawals will be disabled, and any remaining BUSD balances in users’ Binance accounts will be automatically converted to FDUSD at a 1:1 conversion rate. Thereafter, users may continue depositing BUSD into Binance and can manually convert their BUSD to FDUSD at a 1:1 conversion rate until further notice.
When I saw this topic, I had to trace when the topic was created and it was somewhere July. Maybe the news of delisting BUSD was not at sight then. Currently, the comparison is no longer necessary as USDT has proven to be the leader of stable coins both in volume and market cap.In yesterday's article, we compared #Stablecoin
BUSD vs USDT 🌞 ;)
BUSD is being delisted, binance will stop supporting it soon
There is no reason for anyone to have BUSD anymore. If you do have, you have high risk of lose money. You should transfer them immediately to binance to convert it to another stable coin
Choosing USDT is a wise choice, but never lose sight of your savings, staying on stablecoins does not mean being 100% safe. USDT has also had issues with the SEC in the pastApart from what you have said, I had always have this fear about USDT because of the FUD that is being carried against it over years now. Rumours that it will depeg with dollars, that USDT mints coin daily and lots more. But till today, they are still hear
BUSD is being delisted, binance will stop supporting it soonThis is really a big loss for crypto market in general and Binance in particular. I was confident that BUSD would soon surpass USDC and USDT in the 2024 cycle thanks to the popularity of Binance after the collapse of FTX in 2021. However, it was all part of the US government's plan: tons attacked BUSD, prosecuted Binance US, fined Binance global $4B and forced CZ to leave the CEO position.
There is no reason for anyone to have BUSD anymore. If you do have, you have high risk of lose money. You should transfer them immediately to binance to convert it to another stable coin
BUSD is being delisted, binance will stop supporting it soonThis is really a big loss for crypto market in general and Binance in particular. I was confident that BUSD would soon surpass USDC and USDT in the 2024 cycle thanks to the popularity of Binance after the collapse of FTX in 2021. However, it was all part of the US government's plan: tons attacked BUSD, prosecuted Binance US, fined Binance global $4B and forced CZ to leave the CEO position.
There is no reason for anyone to have BUSD anymore. If you do have, you have high risk of lose money. You should transfer them immediately to binance to convert it to another stable coin
https://www.binance.com/en/support/announcement/notice-regarding-the-removal-of-busd-and-conversion-of-busd-to-fdusd-1c98ce7bb464422dbbaeda7066ae445bWhat worries me is that BUSD was immediately shut down by Binance due to the effects of SEC regulations.QuoteFrom 2024-01-02 03:00 (UTC), BUSD withdrawals will be disabled, and any remaining BUSD balances in users’ Binance accounts will be automatically converted to FDUSD at a 1:1 conversion rate. Thereafter, users may continue depositing BUSD into Binance and can manually convert their BUSD to FDUSD at a 1:1 conversion rate until further notice.
https://www.binance.com/en/support/announcement/notice-regarding-the-removal-of-busd-and-conversion-of-busd-to-fdusd-1c98ce7bb464422dbbaeda7066ae445bI have seen it on the Binance and BUSD applications, it turns out that the original Binance coin will be replaced by FDUSD.
I have seen it on the Binance and BUSD applications, it turns out that the original Binance coin will be replaced by FDUSD.No. There were trading fee discounts for people using BUSD to trade at that time, especially using BUSD margin trading in the perpetual contract trading. There is also nothing like FDUSD perpetual trading. Finance has started to lists some USDC margin perpetual trading pairs. USDC is now used more on Binance than FDUSD for what BUSD was used for, aside the trading fee discounts.Although, FDUSD spot trading pairs has no fee required on Binance.
If BUSD is removed and replaced by FDUSD it might be the same and there will only be differences in the name and owner or founder of the coin.
In yesterday's article, we compared #StablecoinI am not a fan of clicking links from not so trusted account so I will answer based on the title here.
BUSD vs USDT 🌞 ;)
Recently, a large number of people are interested in the differences between stablecoins, we make this process easier for you 🤗More information👇🏻 :)
https://coincasso.com/uncategorized/busd-vs-usdt (https://coincasso.com/uncategorized/busd-vs-usdt)
USDC is now used more on Binance than FDUSD for what BUSD was used for, aside the trading fee discounts.With evidence like what you are talking about, it means that FDUSD and USDC are not better than BUSD, right?
Although,FDUSD spot trading pairs has no fee required on Binance.
With evidence like what you are talking about, it means that FDUSD and USDC are not better than BUSD, right?I meant that FDUSD trading pair on Binance has zero trading fee for spot trading.
FDUSD doesn't look good because when trading Spot it charges a fee but BUSD is free when trading Spot, this is what I learned from the reply to your thread.
Apart from what you mentioned, can you make good profits from FDUSD when trading on Binance?
BUSD (Binance USD) and USDT (Tether) are both stablecoins pegged to the value of the US dollar. The legitimacy of each depends on factors such as your use case, platform preference, and trust in the issuing entities. BUSD is issued by Binance, while USDT is issued by Tether.BUSD is no more existing. Also know that when it is existing, most exchanges do not list it. It was only common on Binance. USDT and USDC are the ones that are common on exchanges. TUSD is third most common.
To assess legitimacy, consider factors like transparency, regulatory compliance, and market acceptance. Both BUSD and USDT are commonly used in the cryptocurrency space, but it's essential to stay informed about any updates or developments related to these stablecoins.
In yesterday's article, we compared #StablecoinUsdt and Busd Both are good stable coin. But my choose is Busd i comfortable to uae BUSD. It’s transection fee is very low and very first. And recently we saw some rumar about USDT. So huge people avoiding Usdt. I think all thinking BUSD is better then Usdt.
BUSD vs USDT 🌞 ;)
Recently, a large number of people are interested in the differences between stablecoins, we make this process easier for you 🤗More information👇🏻 :)
https://coincasso.com/uncategorized/busd-vs-usdt (https://coincasso.com/uncategorized/busd-vs-usdt)
As far as I know, BUSD and USDT have different ownership from a financial company, BUSD was created by Paxos which is a company supervised by the Department of Finance in New York, while USDT was created by Tether Limited which is a financial company in Hong Kong , from this it is clear that the countries that contributed are big countries.In yesterday's article, we compared #StablecoinUsdt and Busd Both are good stable coin. But my choose is Busd i comfortable to uae BUSD. It’s transection fee is very low and very first. And recently we saw some rumar about USDT. So huge people avoiding Usdt. I think all thinking BUSD is better then Usdt.
BUSD vs USDT 🌞 ;)
Recently, a large number of people are interested in the differences between stablecoins, we make this process easier for you 🤗More information👇🏻 :)
https://coincasso.com/uncategorized/busd-vs-usdt (https://coincasso.com/uncategorized/busd-vs-usdt)
We know BUSD is also caolles as Binance Usd. And this stable coin is more popular for mainly in Binance. So i think Busd is best.
USDT issuer Tether has announced a reorganization of the company as it moves beyond stablecoins.
The four new divisions will focus on data, finance, energy and education, reflecting investments in technology, financial infrastructure, bitcoin mining and digital education respectively.
P.S. Who has any thoughts on this? I think that's positive news. 8)
There are some issue has on BUSD. BUSD has been delist from Binance exchange. it was there own stable coin but they delist that after CZ resignation from Binance. so now USDT and USDC is the king of stable coin. but if you compeer with BUSD and USDT then USDT is best and reliable stable coin in the world of cryptocurrencies.In yesterday's article, we compared #StablecoinUsdt and Busd Both are good stable coin. But my choose is Busd i comfortable to uae BUSD. It’s transection fee is very low and very first. And recently we saw some rumar about USDT. So huge people avoiding Usdt. I think all thinking BUSD is better then Usdt.
BUSD vs USDT 🌞 ;)
Recently, a large number of people are interested in the differences between stablecoins, we make this process easier for you 🤗More information👇🏻 :)
https://coincasso.com/uncategorized/busd-vs-usdt (https://coincasso.com/uncategorized/busd-vs-usdt)
We know BUSD is also caolles as Binance Usd. And this stable coin is more popular for mainly in Binance. So i think Busd is best.