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by chosen1111 1965 days ago
Why do people trust web apps like this in crypto?
2 comments
ThePadawan 1965 days ago
How does one purchase crypto with fiat?
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newsbinator 1965 days ago
It's simple. Just find somebody on LocalBitcoins, find a dark alley, put on your N95 mask, and bring $5,000 in cash with you to said alley. Hopefully they'll neither rob, nor rape, nor murder you, and won't follow you home to determine where you live.

But if they do, you can rest assured that's simply KYC.

It's the on-ramp the fat cats don't want you to know.

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Red_Leaves_Flyy 1965 days ago
Take 10% of that 5k, get a gun, and hire a friend to handle the transaction while you're on security.
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newsbinator 1965 days ago
The benefit of being your own bank is you are also your own police force and your own insurance company.
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doggosphere 1965 days ago
They accept a tradeoff between convenience vs security, simplicity vs complexity.
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