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 Cheapest way to acquire Stablecoin/Crypto

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derravile
post Apr 27 2022, 05:36 PM

Choking on my aspirations
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Senior Member
1,958 posts

Joined: Mar 2006


QUOTE(runningdash @ Apr 27 2022, 05:07 PM)
Hi, I have a question. Would it be wise to apply for personal loan since interest personal loan 5% and staking at anchor return 19%.

Please advise.
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not financial advise

but i will depend on what kind of situation i am in

if i am going to invest in crypto anyways, then 1) if i do not have much debt, i would go for it or 2) if i have too much commitment & debts in hand, then no

if i am not going to invest in crypto, then NO, it would be abit hassle to convert back out especially if sooner Luno were to implement their new regulation

edit:
i do take a lower interest loan to put in anchor, by utilizing celsius 1% loan, i collaterize my btc, in a way, i dont need to liquidate my btc position just to get more UST

This post has been edited by derravile: Apr 27 2022, 05:42 PM
derravile
post Apr 28 2022, 04:22 PM

Choking on my aspirations
******
Senior Member
1,958 posts

Joined: Mar 2006


QUOTE(runningdash @ Apr 28 2022, 03:47 AM)
What is the cost from UST --> MYR?
Haven't staked yet so unsure of cost.
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if u still have access to binance/kucoin/huobi, can do p2p, fees is UST>USDT (usually UST is slightly higher the USDT, p2p sell MYR)



its a hassle to do tht for month repayment, so like bro loneranger mention, if u dont have MYR liquidity, not a very good choice tho

 

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