This can be very bad, ETH fee is sky high... my ETH still stuck in Luno.. can't really move it out from wallet due to fee.

Why not buy BTC on Luno, and then follow the rest of your steps? BTC price more stable and gas fee low if compare to ETH or LTC.

If do it fast the BTC price wouldn’t fluctuate much?

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'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.

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.

Making me think whether to proceed or not :

https://www.fool.com/the-ascent/cryptocurre...anchors-20-apy/

FYI The free articles Motley Fools put out are pure sensationalized clickbait to draw people to their side and entice them with their premium subscriptions. While I'll refrain from commenting on their premium subscriptions, their free stuff is generally agreed to be hot garbage. I wouldn't take them too seriously.

Plus, all four of the listed "concerns" are pretty much horoscope their generic description. Let me give you an example.

Subject: Investing in SP500 index funds

1. The USD could lose its international dominance (closest analogue I can think of for The UST stablecoin could lose its peg) therefore your entire investment could be in jeopardy due to all-US stocks.
2. This is not sustainable (SP500 decade long rally and sky high P/E ratio is not sustainable).
3. Increased regulations - both on individual companies in the index (e.g. META) as well as the stock trading in general.
4. Lack of consumer protection - I mean, investing in SP500 isn't FDIC insured. Their loss is your loss.

Bam, I just written a Motley Fool article overview titled "Here's why I am passing on investing in SP500".

---

On a more serious note, Anchor, and Terra itself does have plenty of valid points of concerns. But those are not question without answers nor this is the first time they are asked:

1. The UST stablecoin could lose its peg
Algorithmic stablecoins are well known to get death spiralled out of existence - a black swan even where LUNA and UST crash together and investor mass pull out of the market causing a de-peg before arbitrageurs tips the balance back. This is why LFG is securing a large amount of BTC (They hold around 44k BTC now? AFAIK and it's more than what Tesla holds) so that (Grossly simplifying) BTC can be an alternative ramp to maintain the peg when LUNA's in a death spiral.

2. Everyone knows this. Literally anyone who have staked anything or farmed anything knows their ecosystem is 500% not sustainable - Anchor is no different. Instead of lowering the interest rate down to unattractive %, LFG (against the spirit of DeFi) is pumping in large amount of yield reserves to maintain this APY to sustain the explosive growth of UST adoption/TVL. In near future, a more sustainable rate will be introduced and it will slowly go down to 15% and even further on 6-7% like all mature systems. The 20% APY is the reward to people taking the risk in a relatively speaking extremely young system.
Now, whether people will leave en masse the moment APY drops to 15% is beyond me. and there is various murmurs of setting a floor limit of 15%/17.5% - until we get there, everything is just speculation.

3. It's DeFi. Good luck regulating it outside of ramps. SEC isn't happy with Mirror Protocol either and the best they can do is subpoena Do Kwon, they can't exactly shut down Mirror Protocol. To the best of my knowledge, that stuff is now on IPFS and changes can just be a governance poll + adding new contract by anyone.

4. ...so is investing in stocks. DYOR, if something is too good to be true, it is. Know your trade off and risks.
To me, I try not to overcomplicate things for myself, I earn my 20% APY now + whatever I get for CDP'ing my aUST, if the yield reserve drops dangerously low, I'll leave.
Everything I put into Anchor now, I am prepared to lose it all to begin with 

if you wait, you let your cash sit around not earning anything. Better put it in to earn interest.
Even if Ringgit strengthen, do you think it will go up a lot? say hit RM3+ ? For me that's unlikely to happen. The most a 0.10-0.30 improvement which is not a big number.

If you put in Anchor with 20% APY, if you put in 1k USD, in 1 year already earn USD 195 with the 19.5% APY.

For currency exchange, below are the maths:
RM4400 / current rate of 4.35 = USD1011+
RM4400 / assume if rate improve to 4.2 = USD 1047+

That interest you've earned would already exceed the above difference in 1 year's time.