Just realized Nexo currently still not able to withdraw UST to Terra Station. Bummer. in the meantime... set a Price Alert on Luno (Still regretted i've been paying few 2% fee for instant buy)

Will try binance as it is cheaper:
https://www.binance.com/en/fee/cryptoFee

https://www.binance.com/en/convert

Need to check transfer fee and conversion rate.

Can check the rest here.. for binance doesn’t seem accurate tho:
https://withdrawalfees.com/coins/terrausd

Hmm didn’t know not every wallet can transfer to Terra. I thought if got address then ok to go?

Interesting video. Warnings and how AP works.

Luckily i hold my horses and decide to roam reddit for awhile, then found that Nexo just recently introduce UST into their platform, therefore currently there's no deposit or withdraw function in Nexo, not for few months as per their "regular" users. Binance still not regulated in Malaysia right? Maybe i'll just buy BTC via Luno and just transfer to Binance before swap to UST, Soon EPF money will in....

I liked how they said about Luna's supporter is "LunaTic", But regardless of how good it sound, we may one day witness it falls... nothing last forever, so while we're at it. Might as well try it. Degen box.. i heard about it for awhile, but it's really too risky..... if AP 19.45% is already risky, 5 times that amount... once depeg and all your money gone. We can never tell if UST suddenly drop to $0.75 for few minutes just for the clause.

This post has been edited by Lon3Rang3r00: Apr 18 2022, 09:46 PM

Buy via Binance p2p straight cheaper

Nexo also not regulated btw lol

Can buy BTC at Luno then transfer over to Binance to swap. If scare trace then use VPN. (Our gov all asleep no worries )

Yea better go for something that's less risky. AP has been around for a year plus liao with many good reviews. Still as the youtuber says there's a risk it might collapse.. Albeit a harder due to its strong foundation and supporters now.

Put a bit should be ok.. Put in entire life savings then better not.

Talk about timing, when i wanna buy BTC today then the price Rose~~. I'm able to access Binance so i assume government already lifted the ban? previously i heard Binance web totally can't access. as for AP, $1000 @ 19.45% is about $0.5 per day, it's good to park there for my daily coffee. Probably will increase in later this year otherwise just DCA portion of $$ to buy and hold BTC is actually not a bad Idea given more people start to accept its existence.

I asking at the crypto main thread.. got ppl got banned before. Not sure now back to normal?
https://www.imoney.my/articles/binance-malaysia

If want buy BTC wait for it to drop below USD40k per bit coin.. after studying its price for some time I can safely say that’s the support level. If buy above that then higher risk. Also better to buy and sell short term make a few hundred bucks each time. Long term is dangerous. Never know if another crash is coming.

This post has been edited by Davidtcf: Apr 19 2022, 05:14 PM

I'm going to make assumption, Luno is regulated by SC while Binance is not... but once our MYR is turned into BTC, it shouldn't be "bounded" by Malaysia anymore right? So the only problem left will be "The Website" can't access while you're using Malaysia ISP. I'm pretty sure that eventually we'll need to withdraw... that time we'll just declare to Luno on how we got the BTC... As long as the value is not like Millions i think should be ok.. otherwise we'll just continue to stake/trade and find way to withdraw/turned into cash.

Correct. But it’s been unblocked already since a few weeks back.

Yea I think Binance still the best place to trade crypto (those unsupported by Luno). Even this Malay guy using binance for his Anchor deposit:



Others such as Kucoin has fees like usd2 just for UST transfer.

Time to try out later this month. Hope all will go well!

This post has been edited by Davidtcf: Apr 19 2022, 11:22 PM

BigPay now works seamlessly with Binance P2P, no issues.

Any surcharge other than the Forex Exchange?

thanks.. will consider it.
should be cheaper than buying bitcoin in Luno first then transferring over.

can view this discussion on the comparisons https://forum.lowyat.net/topic/4857608

heard recently charges slightly more expensive FX rate.

Edit: need Bigpay mastercard only can work:
https://www.mygadgets.my/binance-malaysia/

This post has been edited by Davidtcf: Apr 21 2022, 03:22 PM

sorry, which payment method to choose in order to use Bigpay for P2P?

gave up on Binance registration.. it says need to use mobile app to verify profile (if don't verify can't trade crypto).

problem is I cant load the app on Apple app store (blank page), even use VPN also failed.
Didn't register for it last time.. maybe I'm too late now.

This post has been edited by Davidtcf: Apr 22 2022, 08:47 AM

Need other country App Store. Or wait they restore it here (if they do). Else find someone convert for u then send back.

Just a coincidence, I'm currently doing Anchor Protocol + Mirror delta neutral short+long farming strategy with my play money of my portfolio, so I had some homework done.

I have a few methods, pick your poison ya. I'm not a fan of Binance so I found my own routes below.

1. Kadoramp directly to Terra wallet. (One-way)
2USD flat fee, up to 500USD transaction limit initially (0.4% cost), simple KYC that can be done in 5min. This is easily the cheapest and least loss way to get UST if you have a Wise card to pay in USD on best rates.

Total fee: 2USD flat + ~0.5% Wise forex charges

2. Luno (two-way)
Buy LTC (LTC has the smallest different between market prices and Luno prices), send to KuCoin, trade LTC for USDT, trade USDT for UST, withdraw to TerraWallet. LTC send cost is negligible from Luno, and KuCoin trading cost is low, UST withdrawal fee is 2UST.

Total fee: 2UST flat, ~0.25% LTC purchase fee on Luno (maker fee), ~0.5USD LTC send fees, 0.1% x2 Kucoin trading fee

3. Atom (two-way, advanced)
Buy LTC -> trade for USDT on Kucoin -> trade USDT for Atom -> withdraw to Keplr wallet -> Interblockchain send from COSMOS (ATOM) to OSMOSIS, on Osmosis app, swap Atom for UST or Luna if you'd like, withdraw to Terra Wallet. It's possible to use the same seed phrase of TerraWallet on Keplr wallet so you save one sending process.
Total fee: 0.25% LTC purchase fee, 0 fee once your money reach Osmosis. 0.1% x2 on KuCoin, ~0.5USD Atom withdrawal fee on KuCoin

Option 1 is the best if you just want to deposit.
Option 2 is the easiest withdrawal path.
Option 3 has no minimum fee so it's more small deposit friendly but takes some knowledge to setup.

Keep in mind if you purchase crypto via non-LUNO exchanges, you better keep those transaction records if LHDN find you in the future for your crypto gains.

This post has been edited by Hoshiyuu: Apr 22 2022, 05:21 PM

Thanks! Very helpful. Likely I will use Luno LTC > Kucoin then to AP