Yeah, it's absolutely insane. I don't mind a small premium, but that's just way too high for it to be worth it for me. They don't require any KYC besides your phone number, which is okay with me, but you're obviously paying extra money for the "luxury" of the basic rights of privacy and security.
My concern is that if I'm doing peer-to-peer without a trustworthy mediator of some sort, then I'm basically putting my money at risk and I can't afford that at this point in my life. And honestly, even though I do believe in Bitcoin, I'm not so desperate to use it that I'm going to go to insane trouble just to get it. Hopefully the KYC laws will relax a little now that we have a pro-Bitcoin president on the way, but again, not holding my breath too much.
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well, idk, i guess that's the price of minimal bullshit right now... since it's a percentage you can do smaller amounts and it's smaller amounts they take
i've been in this since 2012 and so i'd say that this is probably par for the course, money changers gonna money change, and this is why also a lot of bitcoiners move to more friendly places
Well, I guess it's really out because I don't plan on moving out of my town and if I do, I don't know if I'm necessarily going to find my way to countries that are more friendly towards Bitcoin. 😬
So this is the entire point of Vexl as you never trade with somebody that you don’t have a level of trust with it’s built off of friends and friends of friends, but it does it in a way that’s anonymous, discreet, and totally private from a user perspective.
So let’s imagine that you and I share five common friends. Well, that’s a pretty good start but as your network keeps growing, you’ll start to see that you have not only lots of offers, but offers with lots of mutual friends in common. This is how we do it KYC is dangerous for everyone. Opt out check out to Vexl and start trading purely peer to peer.
First off, I sincerely appreciate the sats! As for Vexl, does this mean I'd need to have friends to trade with? If so, I'm afraid I'd run into the same issue I have with the whole meetup thing. Aside from online acquaintances, I have no friends that have any crypto, much less BTC.
