I've used it since day 1.basically you can keep SATs or dollars on strike and then they pay for the bill from your account. If you use SATs, they handle the tax accounting for you, but personally I just use it as my bank and then use strike to buy from folks on to lasts BC this year I've decided to only buy Kyc free sats. 100% of my bills flow through it. From the transaction history, the one time I used SATs to pay a bill, there was no fees besides a 3 sat routing fee. So unkess their spread is off, I don't think it cost anything extra. Also I think there are only buy fees on strike but even if there are sell fees, my strategy works.
Discussion
Good choice on the KYC free sats I haven’t bought KYC in years
It’s kyc no matter what somehow unless you buy from someone behind the 7Eleven with cash, money needs to be transferred somehow with a kyc account at least in the USA.
Well you can use robosats that’s what I use
What are you using to pay for them though?
I know what you’re getting at but it’s not the same thing. If it were true exchanges wouldn’t need to KYC you because your funding with a KYC method. KYC links addresses to identity which can be traced indefinitely, when you exchange p2p the KYC part has no knowledge of the bitcoin address therefore has nothing to trace. It’s not the same thing at all.
Yeah that’s true, but also feel like could get you in hot water or investigation more.
Say you mange to acquire 1BTC via exchanges on robosats, the irs looks at your bank or cash app payments or whatever you used to pay with and just sees random payments going out to random people all the time. This is gonna look suspicious. I wish we could all just buy it wish cash without kyc, I hope we can get a no kyc on bitcoin in the future.
I just look at it simply as bitcoin is peer to peer cash so should be used as such buying p2p makes the most sense.