Investing in altcoins

Hi all
I live in New Zealand and I am interested to hear from any of you about the most cost effective way to credit my metamask wallet in order to invest in altcoins? I normally buy ETH through a local exchange and send to my metamask wallet then purchase alts from there. Would I be better to buy and hold USDT?
Thanks
Ian

Hi, I’ve been informed that there are safer alternatives like DAI or USDC compared to USDT when comes to stable coins… apparently the USDT is supposed to be backed by USD at 1:1 ratio, but it is not confirmed and there are suspicion that it is just being printed out of thin air. In case if I don’t have the correct information, please provide shout out! Trying to learn as much myself here… thanks!

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Hi @Glegy

In the US, I use Coinbase as my onramp.
Coinbase is a partner of the USDC stable coin and they respect 1:1 from their exchange.
There is essentially no slippage through their Pro.coinbase platform.
So money goes from my US bank => to Pro.Coinbase => then I switch to 1:1 USDC => then from there I can send the USDC direct to my Metamask.

As I side note, I recently noticed that now Metamask allows you to buy directly; from what I can see they have a partnership with “Wyre”, and/or “Coinswitch”. I have personally not use it, but there is that.

Greetings!

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Thank you, I appreciate your response

Thank you for your reply