I am wondering if I should get in now or wait til after the regulation has been sorted out? Binance P2P does not support CNY and recommend to use Pexpay. Has anyone tried this platform before? Where else can I trade P2P or any recommended platforms?
I am wondering if I should get in now or wait til after the regulation has been sorted out? Binance P2P does not support CNY and recommend to use Pexpay. Has anyone tried this platform before? Where else can I trade P2P or any recommended platforms?
How much of your total savings / assets do you plan to put into crypto? Do you own any other hyper speculative investments?
Listen to Matt Damon. Get in now all the way! Fortune favours the brave!!
https://youtu.be/9hBC5TVdYT8
https://www.dailymail.co.uk/news/art...ors-brave.html
You can use localbitcoins.com for P2P, I would just use another payment for Binance.
I recall the contention being exchanges only restricting service to "professional investors", which you would qualify for if you had investable assets above HKD 8,000,000. If you're past that threshold, that's one less thing to worry about.
It probably also depends on your passports and those jurisdictions respective treatment of crypto. I think recently India came out and said it would tax gains on crypto at 30%, but losses could not be deducted.
Personally, I'm dabbling before it gets sorted - on one hand, regulatory clarity could cut both either for or against crypto in HK, but OK riding that given the size of the allocation relative to my portfolio.
Shoulda invested when BTC was at 32k...
Can’t invest in bitcoin only gamble on it
Last edited by shri; 03-02-2022 at 08:04 AM.