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A comment on Tell HN: Coinbase now requires physical address of recipient in crypto transfers. Parent comment

Re:Tell HN: Coinbase now requires physical address of recipi... by engineeringwoke on Friday June 24, 2022 @09:26PM (#31871592)
Why else would you want to avoid transacting in USD?
[ Parent | on HN ]
Re:Tell HN: Coinbase now requires physical address of recipi... by rglullis on Monday June 27, 2022 @11:34AM (#31896021)
- The exchange rate from USD <-> country where I live can be expensive

- Because every USD <-> local currency may have processing fees (credit cards on retail, withdrawal fees for large FX traders)

- Because some banks use the opportunity to slap tons of other fees

By holding crypto, one can legally avoid all of these costs.

[ Parent | on HN ]