In what ways is Binance Coin better than Tether on TradingView?

8 answers

• artukyan sweeJul 15, 2022 · 3 years ago
  Binance Coin (BNB) offers several advantages over Tether (USDT) on TradingView. Firstly, BNB is the native cryptocurrency of the Binance exchange, which means it has a strong and established ecosystem. This provides users with access to a wide range of trading pairs and liquidity. Additionally, BNB has a deflationary model, where a portion of the trading fees on Binance are used to buy back and burn BNB tokens, reducing the total supply over time. This can potentially lead to an increase in value for BNB holders. On the other hand, Tether is a stablecoin pegged to the value of the US dollar, which means its value remains relatively stable. While this stability can be beneficial for certain trading strategies, it may not offer the same potential for price appreciation as BNB.
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• Dianna ElamOct 01, 2020 · 5 years ago
  When comparing Binance Coin to Tether on TradingView, one notable advantage is the utility of BNB within the Binance ecosystem. BNB can be used to pay for trading fees on Binance, which provides users with a discount. This can be particularly advantageous for frequent traders or those who trade with large volumes. Additionally, BNB can be used for participating in token sales on Binance Launchpad, which gives users the opportunity to invest in promising projects. Tether, on the other hand, is primarily used as a stablecoin for preserving the value of assets during market volatility. While both BNB and Tether have their uses, BNB offers more utility and potential for growth within the Binance ecosystem.
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• BabteeDec 23, 2022 · 3 years ago
  In terms of TradingView, Binance Coin (BNB) has certain advantages over Tether (USDT). BNB is listed on TradingView as a trading pair against various cryptocurrencies, allowing users to analyze and trade BNB directly. This provides more flexibility and options for traders who prefer using BNB. Furthermore, BNB has a larger market capitalization and trading volume compared to Tether, which can result in better liquidity and tighter spreads. It's worth noting that BNB is not the only cryptocurrency available on TradingView, and traders should consider their individual preferences and trading strategies when choosing between BNB and Tether.
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• Kjer ByrneOct 14, 2022 · 3 years ago
  As an expert in the field, I can confidently say that Binance Coin (BNB) offers several advantages over Tether (USDT) on TradingView. BNB has a strong and active community, which contributes to its liquidity and trading volume. This means that traders can easily buy and sell BNB on TradingView without experiencing significant slippage. Additionally, BNB has a deflationary model, which can potentially lead to an increase in value over time. On the other hand, Tether is a stablecoin that aims to maintain a 1:1 peg with the US dollar. While this stability can be beneficial for certain trading strategies, it may not offer the same potential for price appreciation as BNB.
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• Bidisha ShîtAug 14, 2023 · 2 years ago
  Binance Coin (BNB) is often considered a better option than Tether (USDT) on TradingView for several reasons. Firstly, BNB has a larger market capitalization and trading volume, which indicates a higher level of liquidity. This can be advantageous for traders who want to enter or exit positions quickly without significant price slippage. Additionally, BNB has a deflationary model, where a portion of the trading fees on Binance are used to buy back and burn BNB tokens. This can potentially lead to an increase in value over time. On the other hand, Tether is a stablecoin that aims to maintain a 1:1 peg with the US dollar. While Tether provides stability, it may not offer the same potential for price appreciation as BNB.
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• miguel.ac04Nov 22, 2020 · 5 years ago
  When it comes to Binance Coin (BNB) and Tether (USDT) on TradingView, BNB has a few advantages worth considering. Firstly, BNB is the native cryptocurrency of the Binance exchange, which means it has a strong and supportive community. This can lead to increased liquidity and trading volume, making it easier for traders to buy and sell BNB on TradingView. Additionally, BNB has a deflationary model, where a portion of the trading fees on Binance are used to buy back and burn BNB tokens. This can potentially create scarcity and drive up the value of BNB over time. However, it's important to note that Tether is a stablecoin designed to maintain a 1:1 peg with the US dollar, providing stability for traders who want to preserve the value of their assets during market volatility.
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• Hilda MaloneMay 20, 2024 · 2 years ago
  As an expert in the field, I can confidently say that Binance Coin (BNB) offers several advantages over Tether (USDT) on TradingView. BNB has a strong and established ecosystem, with a wide range of trading pairs and liquidity available on the Binance exchange. This can provide traders with more options and opportunities for profit. Additionally, BNB has a deflationary model, where a portion of the trading fees on Binance are used to buy back and burn BNB tokens. This can potentially lead to an increase in value over time. On the other hand, Tether is a stablecoin that aims to maintain a 1:1 peg with the US dollar, providing stability for traders who want to hedge against market volatility.
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• merdin10Mar 11, 2022 · 4 years ago
  When comparing Binance Coin (BNB) to Tether (USDT) on TradingView, it's important to consider the specific needs and preferences of individual traders. BNB offers several advantages, such as its utility within the Binance ecosystem and the potential for price appreciation due to its deflationary model. However, Tether provides stability as a stablecoin pegged to the US dollar, which can be beneficial for traders who want to preserve the value of their assets during market volatility. Ultimately, the choice between BNB and Tether on TradingView depends on the trading strategies and goals of each trader.
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