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21 sats \ 2 replies \ @john_doe 25 Jan \ parent \ on: How many of you here live entirely on Bitcoin, with no reliance on fiat at all? AskSN
Can you elaborate how you do P2P transactions from Bitcoin to cash? Have you ever been threatened also (Russian mafia, etc) during such transactions? And could you tell us how much you lose in fees monthly? Are fees a significant part of the total?
Lastly, was your debit card based on a KYC service? And is the bank account KYC as well?
I am interested in doing a slow transition to Bitcoin only, at least for financial security. I always have problems to create a bank account or even get a credit card.
I mainly find buyers for my sats through mutual friends and Bitcoin telegram groups. As a seller, it's super easy, there are far more people that want to buy sats than sell. I dont charge or expect to pay a fee for such transactions. And I've never been in an uncomfortable situation, either.
I've used non-KYC cards, but they are a total mess and I'm giving up on them. The KYC cards are more reliable, the fees they charge are mainly foreign currency fees.