4 ms·

Why do people trust web apps like this in crypto?

• ThePadawan 6y ago
  How does one purchase crypto with fiat?
  • newsbinator 6y 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.
    • Red_Leaves_Flyy 6y ago
      Take 10% of that 5k, get a gun, and hire a friend to handle the transaction while you're on security.
      • newsbinator 6y ago
        The benefit of being your own bank is you are also your own police force and your own insurance company.
        • deleted 6y ago
          [deleted]
        • bingbong70 6y ago
          Arrange to meet in the lobby of a police station, city hall, or any secured public building.
• doggosphere 6y ago
  They accept a tradeoff between convenience vs security, simplicity vs complexity.