facebookWhat is the cheapest way now to deposit UST into anchor protocol starting from SGD? - Seedly

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Anonymous

30 Mar 2022

Cryptocurrency

What is the cheapest way now to deposit UST into anchor protocol starting from SGD?

Is this way not the most affordable? Am I missing something?

Convert SGD to USD in DBS Multiplier
Deposit USD to FTX
Trade USD for USDT on FTX
Deposit USDT to Kucoin under TRC20
Trade USDT to UST on KuCoin
Transfer UST to TerraStation wallet
Deposit to anchor

I have seen many other ways such as kelvin learns investing but it relies on btc/eth which is too volatile for my liking or people utilising moomoo for currency exchange and bitfinex. Thanks!

Discussion (6)

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Hi. What are the cheapest way to swap USDT to UST ? Thanks

From my experience, here is the cheapest way to buy and deposit UST:

  1. Currency exchange from SGD to USD using IBKR, Moomoo or Tiger broker
  2. Deposit the USD back to POSB/DBS Multi currency account (No fee incur)
  3. Transfer USD using DBS Remit to FTX (No fee incur)
  4. Buy UST with USD using UST/USD pair in FTX
  5. Transfer UST to FTX blockfolio app via Terra network (No fee incur)
  6. Transfer UST to your Terra Station wallet (No fee incur)

FTX supports UST about 1 week ago already.

https://ftx.com/trade/UST/USD

You can deposit USD sw...

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