that's why we should have to use popular and trustworthy service. I didn't here coinbase seized someones account without any reason, its true that they frequently ask for KYC for making their service more secured but I got them loyal.
Coinbase? Trustworthy? Lol.
Coinbase lock accounts and seize funds regularly without any reason. Their customer support is terrible, they do not respond to tickets, and users are left locked out of their funds for weeks on end. Just go and look at their subreddit - 50% of the threads are people with issues which are being ignored by Coinbase. I even saw this thread pop up in /r/bitcoin yesterday -
https://www.reddit.com/r/Bitcoin/comments/kkyb1g/sorry_for_this_i_need_karma_to_get_coinbase/. A user needs to farm enough Reddit karma so he can post a complaint on their subreddit because he has been locked out of his account for no reason and support are ignoring him. As he notes in his post, "That should tell you all you need to know about putting money in coinbase." This is what you call a "trustworthy" exchange?
Their ridiculous KYC policies doesn't make anything more secure - if anything, it makes it less secure for you. It helps them to stay in the good graces of the government, but it means more and more of your data is being sold and shared with third parties.
XRP, LTC, BCH have low gas fee, better than bitcoin but if all these altcoins can surge to where bitcoin is today won't their gas fee surge as well?
It's easy to have low fees when nobody uses your coin. BCash and Litecoin combined together make less than a third of the number of transactions that bitcoin makes, not to mention they have both been bleeding out and losing value constantly against BTC for the last few months. The reason BTC's mempool is full is because people actually use BTC. Litecoin's block time is 2.5 minutes compares to Bitcoin's 10 minutes, but they are not comparable. 1 LTC confirmation is not the same as 1 BTC confirmation. In fact, it takes over 600 LTC confirmations and therefore over a day to reach the same level of security as 6 Bitcoin confirmations in a hour.