iβm getting ready to launch a nip-05 verification service with private relay and a bunch of interesting features
that goes without saying. who you buy from is also exceptionally important.
i've not heard of them until now, but they don't seem to disclose who holds their reserves, meaning it's probably not them. they're probably using a reserves-as-a-service provider like primetrust under the covers.
to be clear, i'm not a fan of river either, but at least they don't use primetrust
kyc'ing to buy bitcoin is a bad idea, but if you're gonna do it, buy from an org like river financial who holds their own reserves. every time you buy from swan, strike, etc, you're making the primetrust problem worse
gm nostr π€
isn't that the truth. i've been really feeling sunny foods this winter
few things in this world hit quite like high end olive oil on fresh baked sourdough
this is exactly why primetrust is bad for bitcoin and inherently dangerous:
#[0]
i'm almost certain that it's primetrust to blame. you can reach out to them directly for support as strike's support is horrendous and you'll likely never get a response from them.
this is the exact situation i'm talking about here. have you tried buying from another primetrust exchange? you're probably frozen there too.
take this as a lesson and start buying p2p kyc-free instead. stack into a new wallet not associated with your kyc'd transactions. it's a new day in your bitcoin journey, friend. followed. π€
yeah it has. i still don't think p2p exchanges have passed the grandmother threshhold, but goddammit we're on our way π
to echo #[0] more, they've got a great guide on maintaining tight privacy and security for your bitcoin related doings
if you're planning on buying bitcoin today, give bisq or robosats a try and skip the kyc. it's good for you, it's good for bitcoin.
be a good shepherd of your sats
gm nostr π€
the problem isnβt custody, itβs centralization