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Post by masterofimages on Apr 4, 2022 17:59:37 GMT
Thanks for update on Binance, ah never realised just under end of the month with free transfers, (think 1.8%) my bank fine with them TBH. I would have assumed Binance were the safest as US based and the largest exchange by far. It was just as an extra investment of sorts option. The fees are a pain it takes the shine away. Agreed re The4thway website perhaps more P2P platform reviews required, however they do seem pretty strict and the basic P2P strategy options they suggest is fairly sensible. advice, Again the lack of data provided by some P2P to The4th way is a slight concern , why would you turn down lots extra business is my back of a fag packet take on it... I will take a look at some options suggested previous comments thanks all for suggestions! Bank transfers to Binance via faster payments only cost £1. It's a relatively easy way to get 10%, but only for up to $2500 ($500 BUSD + $2000 USDT). There's also locked savings available @ 9% for 60 days once you exhaust the flexible savings limit, but allocations are limited and you have to be quick. There are other options for much higher returns on stables (20%+) if you are prepared to venture into the world of defi, but of course they all come with a certain degree of risk. You pays your money...
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Post by willsmithgrrrr on Apr 5, 2022 21:39:53 GMT
Thanks for info, yes l did notice £1 fee Uk bank transfer , also Usd exchange rate can change, l did see Binance also had 13.8% on BUSD on Defi 6 month notice , l wondered if this would be more risky than say anc protocol offers 19% staking Usd instant, l did read on various sites this rate cant last forever..
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Post by willsmithgrrrr on May 16, 2022 21:07:28 GMT
Thanks for info, yes l did notice £1 fee Uk bank transfer , also Usd exchange rate can change, l did see Binance also had 13.8% on BUSD on Defi 6 month notice , l wondered if this would be more risky than say anc protocol offers 19% staking Usd instant, l did read on various sites this rate cant last forever.. Yes stablecoins deffo not last forever.... hopefully the UST rescue package that is being spoken about today is put in place for the smallest investors first all or nearly all UST restored held pre depeg event. Fingers crossed, a lesson that Crypto stablecoins are the same as P2P dont put all eggs in 1 basket... other stablecoins barely moved not to say this wont change, new stablecoin launched 30 % yet these unknown black swan events cant be planned for. Depeg insurance was available, pity exchanges did not offer it.. Stablecoins need regulated as these recent brutal events have shown.
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Post by mfaxford on May 18, 2022 8:39:06 GMT
Fingers crossed, a lesson that Crypto stablecoins are the same as P2P dont put all eggs in 1 basket... other stablecoins barely moved not to say this wont change, new stablecoin launched 30 % yet these unknown black swan events cant be planned for. Depeg insurance was available, pity exchanges did not offer it.. Stablecoins need regulated as these recent brutal events have shown. As I said before look at where the funds for these "investments" come from. Along side that look at how the stable coin (or any investment) works. I'd looked at UST last year sometime and it seemed to rely on a lot different moving parts in complex relationships to work (and remain stable). More complexity tends to mean more scope for things to go wrong and risks to be missed. IMHO All of the crypto market needs better regulation and transparency. A vast majority of the crypto world is either a scam or setup by people thinking they can get rich quick without really understanding the risks of what they're setting up.
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