QUOTE(HokkienMee_Lover @ Jan 31 2021, 02:28 PM)
For people who don’t know what is Binance, Binance is a cryptocurrency trading platform.
From what I have found online:
1. Binance has low transaction fee
2. Binance has way more crypto to buy and at a lower rate
3. Binance is easy to register for an account
But
1. Binance can’t let u withdraw fiat currency, only crypto can be withdrawn
The above points are what I have gathered after doing some searching
The problem is that I’m still at lost on how to withdraw funds into usd/myr
I have heard about some intermediate application to transfer funds from btc to usd/myr like TransferWise and other application. But I’m still not sure how is the process and how’s the rate of exchange.
in binance there is also P2P where u can sell your crypto's to MYR/SGD or others directly to your bank account.From what I have found online:
1. Binance has low transaction fee
2. Binance has way more crypto to buy and at a lower rate
3. Binance is easy to register for an account
But
1. Binance can’t let u withdraw fiat currency, only crypto can be withdrawn
The above points are what I have gathered after doing some searching
The problem is that I’m still at lost on how to withdraw funds into usd/myr
I have heard about some intermediate application to transfer funds from btc to usd/myr like TransferWise and other application. But I’m still not sure how is the process and how’s the rate of exchange.
Luno is for newbies. Luno/Sinegy/Tokenize just simple buy/sell and transfer/deposit. no brainer stuff.
Binance/Bitfinex/Bittrex is for crypto veterans. It has more product offering like Staking, Saving, margin etc.
Jan 31 2021, 08:40 PM

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