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do you mind telling me, how you cash out USD without giving anyone your name :)?
by fock 6y ago
do you mind telling me, how you cash out USD without giving anyone your name :)?
- willis936 6y agoIRS has entered the chat. Also, transaction fees seem pretty high. Maybe I’ve just been spoiled by cheap insecure transactions.
- herbst 6y agoTransaction fees for sums above lets say $500 are way cheaper than most banking fees especially assuming different currencies. Even more when we compare to western union or even paypal Let me give you a real world example. You buy something for $10. Then ethereums $5 fee sounds crazy compared to 3% or so for creditcard or paypal. However transfer $1000 and those 5$ suddenly sound a lot better than the 30$ the creditcard or paypal charges.
- deleted 6y ago[deleted]
- herbst 6y agoAhh what i ment is using tether or usdb instead of usd. Which is instant and decentralized and widely accepted crypto bound to the usd value. It just saves you from up and downs, its still crypto
- fock 6y agoWell, so you are still trading with people believing in the value of these systems (which are <95% of businesses), which is a very specific distinction to cashing out money with which you can pay e.g. your taxes.
- herbst 6y agoCashing out is no issue either, just not without a name. However even that exists trough localbitcoins.