⭐ Merited by apogio (1)
Now the question is, if not using exchangers, what can you use?
Not much. But I don't need much either: I'm not into altcoins, and it's been years since I had to deal with a Forkcoin recovery for someone. Back then, I sent only small amounts of BSV at a time to some unknown exchanger, and waited for my withdrawal to be confirmed. It worked without any problems, but I wouldn't trust them with anything bigger than that.Quote
Well, one could use a CEX (kraken, binance, coinbase etc). They fall into category #1 which gives them some credibility that if you deposit now, exchange 10 minutes later and withdraw 20 minutes later, it's unlikely they will shut down during these 20 minutes. And if you 're verified they won't cause you any trouble (most likely). And even if they do cause you trouble, I guess it's better to have issues with Kraken (being big american entity) than Godex (being somewhere in the pacific ocean) for example.
There is also the option of using Bisq, but again the receiving medium must be carefully chosen not to expose you.
For crypto <> bank, I prefer a CEX because I'd expect much more questions from my bank if I use P2P. They trust a registered CEX more than a random person in a random country, and I can't even blame them for that. And since it requires my bank account anyway, I'm okay with "#1".There is also the option of using Bisq, but again the receiving medium must be carefully chosen not to expose you.
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** Obviously I am talking about legitimate usage, no illegal activities etc. I don't care about what criminals do, I am a legal taxpayer and I want the best experience.
I couldn't agree more 