10 sats \ 2 replies \ @badabing 1 Apr 2023 \ parent \ on: 🌒 🌓 🌔 🟠 What's your preferred auto-DCA platform? bitcoin
The general misinformation about Relai is incredible. It has kyc, they store your name and banking information. 'Kyc light' means kyc.
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0 sats \ 1 reply \ @phygit 3 Apr 2023
True, but let's admit that it's not "standard KYC". They don't even ask for email or official ID... It's not really anonymous, but it's not KYC either (when you compare with centralized exchanges or banks). The convenience of paying with bank card while using a non-custodial wallet, especially for DCA, overcomes the problem of leaving your bank card number imho.
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0 sats \ 0 replies \ @badabing 3 Apr 2023
Yes, semantically you're correct. There is no real kyc procedure. But our space is using the term more and more in the sense that any personal data is collected and stored by a company, which can be consulted by govs. Which I find more relevant. Anyway, I do like Relai and Pocketbitcoin as they are Bitcoin only. But I only buy no kyc anymore.
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