[Official] Crypto Currency Chit Chat Group - Part 6

Calpha K

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Hi all, I have been using Binance.COM. Just logged in today and realize I cannot deposit money using POSB anymore.

How to fund Binance.COM now? How to withdraw? Or perhaps, should I change Exchange? I hold BTC,ETH,DOGE,ADA, so will need an exchange that supports all 4.

Appreciate all advice, thank you.
 

Alphas

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you can only fund Binance by stable coins such as DAI or USDT. Use other reputable exchanges like Kraken and Gemini.
 

ondooy

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Hi all, I have been using Binance.COM. Just logged in today and realize I cannot deposit money using POSB anymore.

How to fund Binance.COM now? How to withdraw? Or perhaps, should I change Exchange? I hold BTC,ETH,DOGE,ADA, so will need an exchange that supports all 4.

Appreciate all advice, thank you.

use P2P...
 

MikeDirnt78

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FTX, Kraken, Kucoin, Gemini, Crypto .com are good options to Binance.

All except Kucoin can do funding either with SGD or USD.
 

Angmoh_TuaKi

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Hi all, I have been using Binance.COM. Just logged in today and realize I cannot deposit money using POSB anymore.

How to fund Binance.COM now? How to withdraw? Or perhaps, should I change Exchange? I hold BTC,ETH,DOGE,ADA, so will need an exchange that supports all 4.

Appreciate all advice, thank you.
Buy from other platform and send it over (blockchain)?
 

bwaysaikryptonite

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Just talk only and hopium for BTC, ETH, DOGE from Elon. None of them buying another Billions of $$ worth of crypto. Who gonna pump to 60k :s13::s13:

lol yeah looks rike teh hype is short lived....tok managed to only pump to 32k....crypto stocks also start to show signs of cracks to begin crashing
 

xtwis7

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Celcius offering 6% yield for 5 bitcoins - who interestdd?
Celsius indeed has some strong proposition. I'm mostly on stablecoin staking and with crypto.com newly allowing USDC, that gives me 12% pa with 3-mth stakes though there's a few other conditions required to hit that rate.
 

sunzoner

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Celsius indeed has some strong proposition. I'm mostly on stablecoin staking and with crypto.com newly allowing USDC, that gives me 12% pa with 3-mth stakes though there's a few other conditions required to hit that rate.
Did not realise USDC can now be purchased with SGD fiat wallet. Thanks.
 

info_guy

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USDC 12% PA 3 months staking is sick actually. That's a very big draw for developed countries where bonds and Fixed D give very low returns.
 

MikeDirnt78

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Celsius indeed has some strong proposition. I'm mostly on stablecoin staking and with crypto.com newly allowing USDC, that gives me 12% pa with 3-mth stakes though there's a few other conditions required to hit that rate.
I thought USDC staking not allowed for SG?

Other platforms can stake.
 

sunzoner

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USDC 12% PA 3 months staking is sick actually. That's a very big draw for developed countries where bonds and Fixed D give very low returns.
I wouldnt be able to buy much USDC. But I may try to put in the min amount into crypto.com to get some payout.
 

Angmoh_TuaKi

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Celsius indeed has some strong proposition. I'm mostly on stablecoin staking and with crypto.com newly allowing USDC, that gives me 12% pa with 3-mth stakes though there's a few other conditions required to hit that rate.
Celcius is UK platform. I tried BUSD yesterday, I think USDT is still the better one. Some pairs don't have BUSD. USDC is even smaller, along with Dai and cUSDT etc
 

lordofthering

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Hi, when using P2P.

What to buy to use to buy the coins?
USDT, USDC, BUSD?
What is the difference between the 3?

Previously had only the option of BUSD.
BUSD is the better one if you trade in Binance

But USDT is good too as it has best liquid pairs. In the past till now, some people believe USDT has no $1-1 reserve backing and therefore if you choose to hold on to stablecoin, maybe just do BSUSD or USDC


So
USDT-For trading in DEX
BUSD,USDC-For storing stablecoin

most defi use USDC
 

xtwis7

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those 12% USDC staking you guys better beware. go find out where they lend the $ to

these are just companies that can collapse one hor.

why don't the companies want to borrow from bank at <2%? If they want to borrow crypto, why would they want to borrow it? Some companies are taking huge amount of deposit and are they able to lend out all at 12%. Some biz models are real as they simply give you their native tokens
I'll be curious if you are able to share more on who they lend to. Crypto.com isn't exactly a new platform though the higher than normal stablecoin rate raises questions as you mentioned.

Generally these people who borrow from crypto firms because they don't qualify through the conventional banking approach due to various reasons.
 

Calpha K

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BUSD is the better one if you trade in Binance

But USDT is good too as it has best liquid pairs. In the past till now, some people believe USDT has no $1-1 reserve backing and therefore if you choose to hold on to stablecoin, maybe just do BSUSD or USDC


So
USDT-For trading in DEX
BUSD,USDC-For storing stablecoin

most defi use USDC
Thanks! When using p2p, must the person on the other end be online at the same time as you for the trade to workout? I saw in youtube video, theres this 15 minute period thing.

How to know if the person on the other end is online? How does it work? New to this mode.
 
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