Strike is my KYC stack. 12 hr patience to reach cold storage is chill
Phoenix is merely a layer in the non-KYC stack stack. More fees beget more freedom 🫡
Send 1 Milly from nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 costs zero sats if your willing to wait 12 hrs. Idk, no plans to spend anyway. Are you buying on Phoenix? Do they charge to purchase?
Discussion
I’ve never used Phoenix so didn’t realize it was non kyc. I’ve seen some debates about whether Strike was KYC or not. Since my name and bank account are tied to Strike I’d say it’s KYC.
KYC just means that a centralized entity knows how much Bitcoin you purchased, and knows your identity.
Strike, Kraken, Coinbase, CashApp, all KYC’d.
Non-KYC means you acquired the Bitcoin without relying on a third party who has your identifying information. That could be a cash exchange peer to peer, or a fiat payment over RoboSats, or home mining, or getting paid in Bitcoin.
Hope this helps 🤙
