Fees are what they are. Itâs like driving extra miles to save .05 per gallon of fuel. By the time you put in the work. The âsavingsâ is hardly worth the effort.
Discussion
It doesnât really take any extra âworkâ to buy from a different exchange though. Kraken (for example) only takes 0.16% fees, and it takes the same amount of time/effort to buy bitcoin there instead of cashapp. On a $1000 purchase thatâs an extra 70,000 sats or so (at current exchange rate). Not too bad.
Or think of it a different way: I can pay 2% on cashapp the âeasyâ way -OR- I can do the work as you put it and buy no-KYC sats instead at a pretty similar 2-3% premium.
So basically, if youâre going to KYC anyway why not buy cheaper bitcoin? Or if youâre going to pay a premium, why buy KYC coin at all?
I now only use cashapp for free utxo consolidation and lightning withdrawal. (My current mining pool pays out daily.)