Archon of the Valley
- 0 Posts
- 6 Comments
I don’t buy that Privacy.com needs it. I use PayPal regularly and never once have I had to give them anything except my name and the credit card info.
That said, I don’t know about Kraken but isn’t Coinbase custodial? I will not use custodial exchanges. In terms of DEXes, I hope they improve because that will be the only feasible solution for me. I tried Bisq, nobody was selling for any less than hundreds of dollars in fiat and I’m kinda nervous about sending cash in the mail even if they have an escrow (as AgoraDesk/LocalMonero did).
Yes but that has been the case for eons. I’m more inclined to be okay with those, just not with some random company that claims to need my sensitive, unchanging information to “allow” me to spend my money. Goes for crypto exchanges as well. I want to jump into Bitcoin for example, but the only way is to use a DEX (already tried, won’t work for me) or to give an exchange this information.
The financial system is screwed. There’s no way to escape the slavery.
I really wish there were another option. The only other option is to give raw credit card data to vendors, which is horrible for security given all the data breaches that happen. And no, card masking services like Privacy.com aren’t an option when they’re requiring your SSN (which is a load of BS).
The problem with buying crypto in PayPal is that, last I checked, you can’t withdraw it from their ecosystem. I’m not interested in crypto for investment or whatever, I just want to regain some control over my finances. I mostly use cash for everything (part of why I buy in person as much as possible) so I have more control than some but fiat is still largely worthless compared to Bitcoin and other non-gimmick coins.
So, you’re saying that if I use Coinbase, I could withdraw the keys and have full custody over it after I buy it? Then where’s the custodial catch that I always hear about with Coinbase?