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this post was submitted on 22 Aug 2024
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Yea, but the bank still has a different usecase, and is treated as untrusted. KYC matters to me because a) one more place can leak my very sensitive documents; b) these exchanges can ban me or deny me entry because of my citizenship; c) crypto here is a gray area and having a legal record of me purchasing it might bite me later, even if it is unlikely.
But true, it can work. Especially for businesses.
Yeah, just be careful. I personally would prefer to buy in-person with cash in that case.
I do just that)