Quote from: yhiaali3 on Today at 09:15:16 AM

Quote from: mikel_012 on Today at 06:16:16 AM

Or hold a stronger currency. One of the benefits of crypto is the easy to hold USD stable coins like USDC without needing to have a government permit and using fintechs that charge high fees. In Brazil we can save up to 5% when buying USDT instead of buying USD on a banking app or with credit card. I believe in countries with worse currencies and more capital control, it's even more expensive and also harder to do that.

Sorry, but I don't quite understand how you can "save up to 5% when you buy USDT instead of buying US dollars via a banking app or with a credit card." Can you explain?

While I don't recommend buying centralized stablecoins, whether USDC or USDT, instead of dollars, because in my opinion they aren't that different from the dollar, these stablecoins are centralized and will also inflate with the dollar's inflation. Therefore, I still believe that Bitcoin or gold are the best way to hedge against inflation.

I already said in my post. Fintechs charge high fees here in Brazil because there are heavy taxes to pay when converting the local currency Brazilian Real to USD because of capital controls.

You save 5% when buying USDT because you don't have to pay the fees that the banking apps pay if you do this way, so it's a lot cheaper.