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75 sats \ 4 replies \ @252 12 Dec 2022 \ on: CoinCorner partners with Bitnob for cross-border trxs from UK & Europe to Africa bitcoin
Good news but the CoinCorner exchange rate and the trading fee are high not like Strike.
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25 sats \ 2 replies \ @chairman_pretense 12 Dec 2022
There’s an argument that we should support exchanges with higher fees.
It suggests a more honest, transparent business model and less incentive for the business to shitcoin or pull shady trading shenanigans.
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25 sats \ 1 reply \ @252 13 Dec 2022
No excuse for charging high fees look at Strike, which has very low fees.
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25 sats \ 0 replies \ @chairman_pretense 13 Dec 2022
My point is the money has to come from somewhere to make a business viable. Many services are cheap or free because they’re just burning fiat VC credit or making more money from front running shitcoin launches than bitcoin.
Strike appear to be in the business of burning money with low margin sales to grab market share. It’s a fair strategy but it can’t last forever.
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20 sats \ 0 replies \ @millo 12 Dec 2022
The benefit should come from low conversion spreads and less KYC isn't it?
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