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Are there really legal protections for crypto exchanges? Use an exchange to on/off ramp it, then put it into your own wallet for holding.
by mattbrewsbytes 4y ago
Are there really legal protections for crypto exchanges?
Use an exchange to on/off ramp it, then put it into your own wallet for holding.
- yunohn 4y agoSure, that’s technically feasible if you’re willing to pay all the greedy fees. Here’s how it looks for me using Coinbase: - On-ramp (fiat to CEX-fiat): 0.15€ flat - Conversion (CEX-fiat to CEX-crypto): ~4% - Self-custody (CEX-crypto to wallet-crypto): Depends on coin, average ~10€ flat And if I want to off-ramp, I need to follow all these steps in the opposite order. Meanwhile, atleast in the non-US countries I’ve lived in, all fiat transactions are free. I can top-up my bank account, send digital money to others, withdraw fiat, etc etc with ZERO fees.