Quote from: JeromeTash on April 20, 2020, 11:04:18 PM

Quote from: BitcoinGirl.Club on April 20, 2020, 05:07:40 PM

-snip-

You are right. This is the major reason coinbase is still in the game.
I don't know why but for some reason one of the first wallets/ exchange newbies get to know about or use is coinbase and blockchain.com wallet.

Quote from: ryzaadit on April 20, 2020, 07:09:31 PM

But you can use P2P Transaction of Binance Platform.

U can select which currency you are gonna use for cashout, so basically u trade with someone for selling and buying and binance will be a platform that provide this P2P transaction.

Quote from: roycilik on April 14, 2020, 02:44:56 PM

https://i.ibb.co/tsYxdzX/214.png

One of example, P2P transaction for cashout your crypto into fiat directly to our bank.

Most people are actually ignorant about this. Binance has lately brought out so many features that enable direct transactions from crypto to fiat and vice versa for most territories.

In fact, where i am from we even have a local binance crypto to fiat exchange platform with very cheap transaction fees.

I think it is more of not knowing about the services of Binance. Since Coinbase is highly marketed in some areas, they thought that they can use this platform without a doubt not considering the fees involved. Some are really for convenient purposes, where they are used to changing their crypto to fiat. Like for example, if you have 2 local exchanges offering conversion of your btc to your local fiat, usually you will use the exchange that has been existing for so long already as compared to the new one, even if the new one has competitive fees and rates. It is also more of a trust factor of the user to a certain exchange.