I prefer on-chain transactions to my edge wallet, that I then send to cold storage.
Discussion
Haven't tried moonpay. Is it P2P?
Nvm misread the thread.
Also I use Robosats to my on-chain wallet sometimes.
I really need to try robosats
I'm going to check it out because everybody keeps talking about it. I'm dubious about their 'quick and easy' claim though.
It’s pretty easy.
I mean, it's really quick an easy - but sometimes you accept an order and have to wait a few hours for the order maker to get back on their phone and transact.
How much is the premium people usually ask?
I usually see about 3% that’s what I use, I have had successful buys and sells at a 3% premium. Occasionally I’ll bump it up a percentage or 2 just to try and get the order completed faster.
Robosats is great, you just need to have already some sats on-chain to temporarily lock. But it’s the best way to buy sats by far.
How much are we talking about?
It depends on how much you want to buy, but normally just a few $. The normal fidelity bond is 3%.
2-5%
No it's not P2P. It's a credit card service that requires you to verify your email and phone number. They don't collect KYC documentation, but your purchases are still linked to your credit card.