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 Cheapest way to acquire Stablecoin/Crypto

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runningdash
post Apr 27 2022, 05:07 PM

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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.
runningdash
post Apr 28 2022, 03:47 AM

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QUOTE(Lon3Rang3r00 @ Apr 27 2022, 09:50 PM)
hmm.gif  That's a good question. Have you thought about an exit plan? Where if something happened and you lost those crypto you bought using your loan? And have you already done the math? I know 19% P.A. is greater than 5% P.A., but loan usually required you to pay back on a monthly basis and if you plan on using the Interest to pay off the loan, you have to think twice as every transaction  does have many cost associate with it. It might not worth it.

If you already thought over all the things i mentioned above and decide to go for it. All the best! and let's hope we all huat huat.
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What is the cost from UST --> MYR?
Haven't staked yet so unsure of cost.
runningdash
post Apr 29 2022, 01:59 AM

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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?



 

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