Sunday, October 18, 2020

Stable coin -> to btc/eth/etc, is it cost effective?

Is this a good idea in terms of cost effectiveness to preserve purchasing power?

I'm thinking that in the event that I want to purchase something with Bitcoin or possibly Eth, due to the volatility I would simply have a modest reserve of DAI (stable coin) that I get through coinbase pro, and when I decide to purchase, I simply exchange DAI -> whatever coin has the lowest transfer fees at that time.

I've never really used Shapeshift or any competing service, but I'm wondering is this idea ever an effective strategy, or is it just better to get the coin you actually want and use that, volatility and/or transfer fees be damned?


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