Hi guys, this may be an obvious answer, but when I buy altcoins on metamask I go to coinbase btc then buy bnb and at binance.us and send it to trust wallet to convert it to smartchain black bnb and then to the metamask.
If there is enough liquidity on the token you want to buy, usually just by using USDT is good enough. With that, you can save transactions and swap fees without too much hassle. The way you used is too complicated, you are charged with trading and transaction fee from Coinbase, Binance, and the swap process on Trust Wallet, while you can directly send a BNB or USDT from Binance US.
I was just told you can buy most coins with tether, which would save a step if I can just buy tether on coinbase... is there any reason NOT to use tether and streamline the process? does any find you can't buy some coins with tether? thank you
As far as I know, the AMM will usually find a path even if there isn't any USDT liquidity, so let's say you want to buy token A with USDT. If there is no USDT liquidity, usually the AMM itself will automatically find a path to get you successfully bought token A (USDT > Token X > Token A).