https://www.reddit.com/r/MalaysianPF/commen..._without_using/so how to get around this? is taking something like a RM1400 hit to make this kind of trade considered acceptable or did you guys find a way to make the trade cheaper :confused: and if so how?
basically people are getting hit when buying stable coin on p2p binance which is marked up higher than the actual current USD exchange rate e.g say current rate is 4.13 but on p2p binance they selling at 4.20

also because there are doubts in regards to
tether, then the other options are
BUSD (binance usd in colaboration with
Paxos) and DAI. BUSD looks like it is more credible, but is there any downsides to buying BSUD?
in terms of price seems BUSD p2p is priced same with the TUSD. So better go with BUSD yes?
https://www.reddit.com/r/binance/comments/g...nstead_of_usdt/The whole point here is to get stable coin to then immediately buy or convert to other crypto e.g. ADA
whats the best way to go about this without getting overcharged

also my 2nd question is, for crypto like BTC and ETH where you can buy outright from RM to it via p2p, is there any reason for buying a stable coin and using that to buy BTC or ETH, or whether to just straight buy BTC and ETH using RM via p2p? (intent here is to hold these crypto, not to convert or buy anything else with it)

PS: if not mistaken, this is the actual current exchange rate for USD to MYR
https://www.xe.com/currencyconverter/conver...From=USD&To=MYRbut on binance p2p the cheapest was 4.2 for TUSD and BUSD
and using the example from the reddit i mentioned, that's roughly basically how much it costs you due to that when transacting that kind of amount

If u buy 2 day b4, u will get cheaper price in BUSD or USDT, around 4.15/4.16.
I still choose BUSD Bcoz now is 0 fee trading.
U go count ur mate firs, worth or not.