Anyone use #[0] to buy #bitcoin ? I know it varies by bank, but curious how long your ACH takes to typically clear (says 6-20 days on their app). Really like that you can auto DCA daily w 0 fees ⚡️⚡️⚡️ loved Swan but down in Texas 😓
Discussion
no idea personally
cant help myself and ask have you considered buying kyc-free yet?
I have! I’ve just been with the same exchange buying, moving off quickly, repeating for so long kinda got comfortable…but should definitely get there!
Our holding period is a standard security protocol to protect River against fraud and protect client assets. Given previous transactional history, our client’s holding period is closer to 6 days. BTC purchases made via wire allow for instant withdrawals 💯
Love River. Been using it to DCA for a minute now and it’s been hassle free. Holding time is a bit longer than Swan but I love their security plan and don’t have to go through prime trust to send bitcoin to my cold wallet. Plus they have lightning built in to their app.
Curious… Why can’t you use Swan in Texas?
Amazing! Thanks for the info! Apparently prime trust is renewing their license in Texas and it’s taking longer than expected…so no buying in Texas right now :( will def check out River!
Any effect with Strike and Fold? Pretty sure both of those process with Prime Trust
Might be :/ this is from Fold:
Bitcoin Buying: Update for Texas Residents
As of January 31st, 2023, Fold be temporarily disabling bitcoin purchases on the Fold App for Texas residents.
This is because our custodial partner, Prime Trust, will be discontinuing services to Texas residents as they sort out a renewal of their Money Transmitter License (MTL). Due to this development, we unfortunately must temporarily pause Fold Bitcoin Buying for users residing in Texas.
Fold is actively working to restore services to Texas residents as soon as possible, and will keep you updated.
Curious about strike too. It would make sense if that’s the case.
Doesn’t matter to me considering I’m in AZ but it’s an interesting story to follow.
Only found this:
Where is my bitcoin held?
For all customers excluding residents of Texas, your bitcoin is held in custody by our financial institution partner, Prime Trust, LLC. For Texas residents, your bitcoin is held in custody by Strike. You can see your balance in the app.
So maybe TX is still good? 🤔
Oh, and ⚡️⚡️⚡️