Buy Eth on Luno, swap to UST on Uniswap, then bridge via Terra's official bridge if no use Binance.

Uniswap is dex on Ethereum network. You cannot use Btc on Ethereum unless you bridge Btc to wrapped Btc (wbtc). That will incur more transactions and charges and swap fees.

I’ve never tried but maybe can see if can bridge Btc directly to Luna though. But if I recall correctly cannot.

Edit: Btw, I use Harmony One for very low fees to bridge to UST (fraction of a few cents). You can bridge Eth/Btc to Harmony, swap to Ust on Defikingdom then bridge to Luna, that should work. But Defikingdoms wBtc and wEth price usually has a bit of premium over centralised exchanges because of low liquidity.

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.

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'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.

BigPay now works seamlessly with Binance P2P, no issues.

Any surcharge other than the Forex Exchange?

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.

The cost is similar to MYR to UST which consist of
1) Platform Fee
2) Forex Fee
3) Transfer Fee
4) Withdrawal Fee

E.g. If you're using Luno
There's a 0.25% platform fee for every crypto transaction (if you use instant buy/sell then it's 2%). After you acquire Crypto, you will then transfer to Binance/KuCoin/Any Crypto Exchange = Transfer Fee or "Gas Price". Then at Binance/KuCoin/Crypto Exchange = your crypto will need to exchange/swap to UST = "Exchange/Swap Fee", then from there to TerraStation another Transfer Fee/Gas Price, then only you reach Anchor Protocol.

When you plan to withdraw, you've to go through the steps above in reverse confusing at first but once you go through it once then you roughly will know what is the estimate fee you're going to pay. And that's the reason why i started this thread, asking for the cheapest way to acquire StableCoin/Crypto. 

Other than fees, time also another factor that's why I'm using Luno as example. If you're using other Crypto Exchange that is not regulated in Malaysia, the bank might raised a red flag whenever N amount of money (Usually in ten thousands) deposit to your account.

I saw many already did buying Crypto from Luno using their EPF 10k --> Binance/KuGoin --> immediately exchange UST for staking.

Thanks for replying.
So I have been doing some research on p2p.
As of today 1 usd to myr is 4.36(Google).

Checking on binance p2p, 1 usdt rate 4.42
Kucoin p2p 4.44
Huobi 4.418

Huobi has the best rate.
How is the fee for huobi?
Any idea?

But USD is all time high now. Is now a good time to buy usdt for staking or wait USD rate go down a bit first?

finblox gave good APY for USDC... but there are others giving higher

Oh dear, can't blame Luna as US Economy currently is rapidly falling. I wonder what will happened to those who leverage their crypto position for staking purpose. I read that those using Degenbox use UST to Leverage, but they need to ensure UST to stay above $0.9 and this morning UST drop to $0.61 which is is the worst it has since 2020 Dec which is $0.85.  Feel bad for them.

how do you transfer your crypto into Finblox?

the APY in Finblox will not last I think and when they exhausted whatever funds they have, the rates will go down. They are promoting heavily in the Philippines market. APY for stablecoin ideally is around 8% to 10%, still much better than putting in banks.

UST peg will go back to USD1 eventually but must diversify lah. Some long term, some short term, some APY play, etc etc. Most important must understand the project before investing. Crypto market still not stable yet and will continue to fall.