Replying to Avatar yuv

Heyo nostr:npub12vkcxr0luzwp8e673v29eqjhrr7p9vqq8asav85swaepclllj09sylpugg i tried buying sats using Apple Pay, and I had to pay GST on it? Is that something you can control or an Apple thing? because I don’t think I need to be paying tax to buy sats

I don’t think Primal has control over this. This is an apple store thing. The markup must be wild compared to buying on an exchange or a dex like bisq

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Makes sense. Apple tax hits again 😔

Just to clarify, they have control over the % they add on top of the price, not on the GST

Interestingly, I get a better rate from primal than the actual exchange rate. For example, 6 cad gives 4309 sats, and the actual exchange rate is closer to 4250 sats. What I did not realize was there would be GST on this hahah.

Apple doesn’t add their 20% ? Not even at checkout?

Nope, I would assume the 6$ includes the 20% apple tax, but then the exchange rate seems impossible.

Does Primal subsidies the Apple fee? How do they make money? That sounds crazy

Are you using the Primal app? Or the web app?

Primal app for iOS

This is interesting. I wonder why Apple is ok with this but not zaps on Damus.

Anyways thanks for the info

On Bisq I routinely buy with NEGATIVE premiums even. So, under price market (even after factoring in network and exchange fees, if the purchase is big enough). And no KYC. Why wouldn't people use this, it baffles me.

Bisq is amazing. Newcomers not using it I can understand. For the rest, I don’t get why purchasing KYC is even an option

I mean even if you're OK buying KYC-tainted BTC. Why would anyone use a wallet or apps or some such?

If you don't mind being doxxed, buy from an CEX and at least save on premiums and fees and get the "real" price. I just don't get it.

Convenience for newcomers I guess. Maybe their first experience buying is with Primal. No signing device or node yet.

Similar to getting their first experience on Coinbase a few years back.

Facts

Need my direct deposit to hit straight into cold storage. Both deposits are 100% BTC, I'm using the stuff like its currency. Non Kyc Direct deposit into a cold card would be wild.

That would be amazing