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 Cheapest way to acquire Stablecoin/Crypto

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Davidtcf
post May 12 2022, 02:52 PM

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QUOTE(Lon3Rang3r00 @ May 12 2022, 02:22 PM)
most my fund stuck at US Stock, so i've no spare cash to buy crypto... but i did set a buy order on XRP that trigger when it hit Rm 1, it seems not "Impossible" for now... BTC also drop under RM125k sweat.gif
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I predict BTC price can reach USD28k this year.. the bearishness is too strong.

Latest inflation report not helping also:
https://www.marketwatch.com/story/u-s-infla...igh-11652272713
UserU
post May 13 2022, 08:29 PM

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Well, GG for UST.

This post has been edited by UserU: May 13 2022, 08:29 PM
TSLon3Rang3r00
post May 13 2022, 11:05 PM

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QUOTE(UserU @ May 13 2022, 08:29 PM)
Well, GG for UST.
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So basically means all UST got frozen? until further notice? RIP my luna.... if i sell i lose, now no sell.. drop to 0 and delisted.. i guess not much different.
UserU
post May 13 2022, 11:40 PM

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QUOTE(Lon3Rang3r00 @ May 13 2022, 11:05 PM)
So basically means all UST got frozen? until further notice? RIP my luna.... if i sell i lose, now no sell.. drop to 0 and delisted.. i guess not much different.
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Trading resumed hours ago, just that the price might not return to where it was previously.
gchowyh
post May 15 2022, 06:55 PM

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QUOTE(Davidtcf @ May 11 2022, 08:35 AM)
Today's peg fell again for UST. LFG’s BTC and Luna reserves are now all dried up 💸 :
https://techcrunch.com/2022/05/09/bitcoins-...uidates-wallet/

https://www.business2community.com/crypto-n...in-peg-02492606

I use Crypto.com exchange app to swap LTC (buy via Luno) to get my USDC, then transfer USDC to Finblox using Polygon network (cheapest way) at $1.60 per transfer. Rates here: https://crypto.com/exchange/document/fees-limits?tab=2

Crypto.com got 3 apps total.. after downloading all 3 only realise the exchange app is what I needed since I not hodling there. Register 1 time all 3 apps can use liao. Yeah confusing I know.. 😅

Sent you my referral code already in case you interested. Can get some free usdc depending on the amount you deposit in Finblox.

I have faith in Finblox.. if it sucks it wouldn’t get backing from several big companies for funding. The founding team is has been active in social media eg. LinkedIn as well:
https://www.techinasia.com/sequoia-backs-39...latform-finblox

If one day they stop offering 15% then fine.. if reduce too much then time to search for other reputable place to put usdc in. Most important is usdc maintain its peg for me.
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This few months been bad for hodl or earn accounts, initially Celsius, Hodlnaut, then now Youhodl also lower their rates & came out with additional conditions.
I might think of switching to Finblox if Youhodl does not workout for me as now they reduced the limit to $25k.

Few things need to consider, ie.
1. What method of transfer does it support for USDT? (Hopefully BEP20)
2. USDT is also able to earn 15% pa right, is there a limit for it?

TSLon3Rang3r00
post May 16 2022, 08:30 AM

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QUOTE(gchowyh @ May 15 2022, 06:55 PM)
This few months been bad for hodl or earn accounts, initially Celsius, Hodlnaut, then now Youhodl also lower their rates & came out with additional conditions.
I might think of switching to Finblox if Youhodl does not workout for me as now they reduced the limit to $25k.

Few things need to consider, ie.
1. What method of transfer does it support for USDT? (Hopefully BEP20)
2. USDT is also able to earn 15% pa right, is there a limit for it?
*
3. How we know IF terra issue won't happen again to other stable coins?

Huh huh I wonder recently everyone quiet is because affected by terra.
Davidtcf
post May 16 2022, 09:49 AM

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QUOTE(Lon3Rang3r00 @ May 16 2022, 08:30 AM)
3. How we know IF terra issue won't happen again to other stable coins?

Huh huh I wonder recently everyone quiet is because affected by terra.
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I did a deep study on all Stablecoins and find USDC the best so far. BUSD would come second for me, but its transfer fees are higher. If you can use Binance u can earn interest directly via it (I can’t KYC binance due to app blocked in Malaysia).

USDT has some bad history with it if you google. Recently it’s peg has been falling slightly after the Terra UST fiasco.
Although its biggest now (due to 1st in market) but I don’t feel as confident compare to USDC. USDC is attested to every month via downloadable reports (by audit firm):

https://www.centre.io/usdc-transparency

Well any investment requires risk taking. I only put 10% of what I have in it. Others are still mainly in stock market which I trust more (however stocks tanking everywhere). As long you confident after doing enough research then go ahead.

Midas investments give higher at 18% for earn in kind.. problem is it lacks 2FA, no app, no backing history, no insurance, HQ rumoured to be in Russia (mostly Russians own it). So I trust Finblox more.. right now their users are growing when I check Reddit.

This post has been edited by Davidtcf: May 16 2022, 09:51 AM
basilpaschal
post May 16 2022, 10:02 AM

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UST , LUNA and their network Terra - GONECASE....DONT GO NEAR OR EVEN THINK ABOUT IT!
Unless you have spare change and want to make a few dollars (less than 20 dollars).

I dont understand why I am so caring when people behave like demons.
Davidtcf
post May 16 2022, 10:18 AM

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QUOTE(basilpaschal @ May 16 2022, 10:02 AM)
UST , LUNA and their network Terra - GONECASE....DONT GO NEAR OR EVEN THINK ABOUT IT!
Unless you have spare change and want to make a few dollars (less than 20 dollars).

I dont understand why I am so caring when people behave like demons.
*
Yea been avoiding it since the days when Anchor Protocol was thriving. This YouTuber who put money in also lost 20% of his capital:



Those who are buying now are traders wishing to gamble to make a quick profit. Could end up losses instead.

This post has been edited by Davidtcf: May 16 2022, 10:18 AM
TSLon3Rang3r00
post May 16 2022, 10:59 AM

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QUOTE(basilpaschal @ May 16 2022, 10:02 AM)
UST , LUNA and their network Terra - GONECASE....DONT GO NEAR OR EVEN THINK ABOUT IT!
Unless you have spare change and want to make a few dollars (less than 20 dollars).

I dont understand why I am so caring when people behave like demons.
*
Oops you caught me, but yes im trying to gamble and also to average down my position on Luna by putting $10 in hope to gain back how much I lost on it. It will break even if it goes back to at least $0.01, and I've already put a sell order to sell all of it when it reach $0.01 despite knowing it will never happen. So... I shall just walk away and don't turn back.

Terra incident changed my perspective on stable coins, better off if I were to stick with BTC and ETH, less APY for staking and it's much safer.

This post has been edited by Lon3Rang3r00: May 16 2022, 11:05 AM
rpg1
post May 13 2023, 12:50 PM

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What is the cheapest way currently?

I found that credit card moonpay from metamask took me rm 429 for 100 usdt
Neteller load to binance P2P took me a staggering rm523 for 100 usdt
max_cavalera
post May 25 2023, 11:06 PM

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QUOTE(rpg1 @ May 13 2023, 01:50 PM)
What is the cheapest way currently?

I found that credit card moonpay from metamask took me rm 429 for 100 usdt
Neteller load to binance P2P took me a staggering rm523 for 100 usdt
*
I hate using credit card for purchasing crypto.

They will charge my card as cash advance trsc with cash advance fee. 😡😡

This post has been edited by max_cavalera: May 25 2023, 11:07 PM
gashout
post May 29 2023, 06:38 PM

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QUOTE(rpg1 @ May 13 2023, 12:50 PM)
What is the cheapest way currently?

I found that credit card moonpay from metamask took me rm 429 for 100 usdt
Neteller load to binance P2P took me a staggering rm523 for 100 usdt
*
moonpay pricing is better than credit card on binance

binance cc charges 3% more
blingless
post Jun 2 2023, 10:23 AM

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Has anyone done P2P in person locally?
Is there a community like this one to facilitate local trades?

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