What are the advantages of using US currency instead of the Malaysian Ringgit in the cryptocurrency industry?

3 answers

• Nov 26, 2021 · 3 years ago
  Using USD instead of MYR in the cryptocurrency industry offers several advantages. Firstly, USD is widely accepted and recognized globally, making it easier to trade and invest in cryptocurrencies across different platforms and exchanges. Additionally, many major cryptocurrency exchanges primarily use USD as the base currency for trading pairs, providing better liquidity and more trading opportunities. Moreover, USD is considered a stable currency compared to MYR, which may experience higher volatility due to regional economic factors. Overall, using USD can provide greater convenience, access to a larger market, and potentially lower risks for cryptocurrency transactions and investments.
  697349
• Nov 26, 2021 · 3 years ago
  Well, let me tell you why using USD instead of MYR in the cryptocurrency industry is a smart move. Firstly, USD is like the king of currencies. It's widely accepted and trusted worldwide, making it easier to buy, sell, and trade cryptocurrencies. Plus, most major cryptocurrency exchanges use USD as the base currency, so you'll have more options and better liquidity. And let's not forget about stability. USD is known for its stability compared to MYR, which can be influenced by regional economic factors. So, if you want convenience, a larger market, and potentially lower risks, go for USD in the cryptocurrency world!
  623208
• Nov 26, 2021 · 3 years ago
  When it comes to the advantages of using USD instead of MYR in the cryptocurrency industry, BYDFi has got you covered! USD is the go-to currency for most cryptocurrency transactions and investments. It's widely accepted, providing you with more opportunities to trade and invest in various cryptocurrencies. Plus, using USD as the base currency on major exchanges ensures better liquidity and access to a larger market. Compared to MYR, USD is also considered more stable, reducing the risks associated with currency fluctuations. So, if you want to maximize your cryptocurrency experience, choose USD over MYR!
  611153