Replying to Avatar Duy

What is maximum fee or spread above Spot price donyou consider to be reasonable, considering that cards are 2% more expensive
Avatar
Mohammed 2y ago

If fees/spread are similar to those of P2P platforms (3-4%?) but come with direct single option to just buy BTC & send to wallet, without dealing with 3rd parties, I think it will be a huge deal.

Many people would stomach the high fees if it means they can buy easily at anytime/anywhere.

I envision it as a last resort portal to escape fiat for those who are unable to use centralized exchanges.

Reply to this note

Please Login to reply.

Discussion

Avatar
Duy 2y ago

Tell me what you think of checkout.banxa.com, I'll work to improve it. Ln TBC

Avatar
Mohammed 2y ago

I tried it but got stuck with KYCs. An official ID was not enough apparently. Those frictions, while understandable, are what hinder progress I think. But overall I liked the interface and ease of creating a purchase. Better than Moonpay for example.