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It takes the same amount of effort and KYCs to sign up at a crypto exchange and sign up for a credit card.
by marderfarker2 5y ago
It takes the same amount of effort and KYCs to sign up at a crypto exchange and sign up for a credit card.
- dogma1138 5y agoMost people already have a credit card or a bank card. Also at least in the UK I can open a bank account with a utility bill to get a crypto account on any major exchange I need to upload a photo ID usually a passport as well as a proof of address. Then I need to make a bank transfer and even then the account is still usually limited till some arbitrary time frame has passed or number of transactions have occurred. Transferring crypto is still much slower than using a card. Get the address / scan the QR code, log into your exchange, do the transfer and then wait until X number of confirmation has passed which can take 20-30 or even more minutes. This is antithetical to an impulse buy which quite likely how most of the people that pay for Onlyfans and other porn sites get hooked in the first place.