Hello there, it has been awhile.
As previously mentioned in one of my monthly update post, I had been playing around in the crypto world to grasp a better understanding on how certain things work for the past few weeks. Although crypto has been around for more than 10 years, some information could still be hard to find for newbies like me. Hence, I decided to compile whatever I had learnt so far from Youtube, articles etc. into multiple posts.
- Fiat-to-crypto exchange
I used Binance Singapore to exchange fiat currency for crypto because its low 0.6% trading fee which is lowest among all exchanges, with CoinHako coming in at second place. Other exchanges accepts funding via credit cards which charges a hefty fee of almost 4%.
I’m not too sure about our local banks but I read online that overseas users who tried to purchase crypto via credit card, had their bank account frozen because the banks regarded it as some kinda “illegal activity”.