Where is the catch?
Discussion
Full KYC no doubt, like an exchange such as Coinbase. However, appears to have a private bank license.
yeah, onboarding is pretty smooth, and they let me do address change just by GPS!
i haven't bothered updating that with them, in any case, none of their fucking business and being based in Gibraltar they are a neat in-between, not really UK, not EU, but sorta both at the same time...
But does it mean anything? They have to keep theirself to a standard. But what if that is not a good standard?
Difficult to say but I think one of key selling points is the ease to move fiat to lightning sats and back again.
I think you can get that with other KYC companies as well.
Most likely. But do they work in the UK?
I will check it though. I am writing a short article on bitcoin benefits, and trying different services for the fun, and what setup would be best for me.
KYC
i tried to use wirex on two separate occasions in the past and their customer service is abominable... second time an ATM, which dispenses cash before releasing the card (FIBank bulgaria) i forgot to pull the card, the bank refused to give it back without proof of ownership from the card issuer, and the card issuer refused to ever respond to my support request
stay the fuck away from wirex... i don't remember exactly how they fucked me the first time, but it was probably as fucked up
and binance... i had a binance card, and before 24 hours passed someone was already carding it on the darkweb in france, belgium, etc etc
i foolishly kept using it and inevitably i had some bitcoin in the card account and 🌀 first a 250 then a 300 and i caught it and froze the card
xapo is not like either of these shitcoin cards