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24 sats \ 2 replies \ @kristapsk 30 Dec 2024 \ parent \ on: The Bull Returns To Europe bitcoin
It's not custodial for BTC, when you buy Bitcoin it asks you for address of your wallet, where to send it.
So? It controls the decision whether to send me that BTC or not. There is a default risk, it is not trustless. Until they post the tx they are in custody of my funds.
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Yes, up to 30 minutes from pressing buy button. Unless you pay extra for higher fee instant onchain tx. Haven't tested LN yet, that could be instant. There are always tradeoffs. It was easiest way how to buy BTC for my legal company. KYC process took hours, not days or weeks.
As a private individual I would not use it, prefer HodlHodl and RoboSats there.
But for fiat on company bank account I want to buy directly on the company, otherwise I will need to pay extra income tax.
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