Oddbean new post about | logout
 Lost some teeth today, but also gained some sats today.

Can’t be mad 🤷🏼‍♂️

#dcathursday #bitcoin #stacksats #btc #buybitcoin #relai #relaiapp @Relai 🇨🇭 https://image.nostr.build/dfec977bf15007019001dce6f22e4b09198c6e977846b3d8ec9b2d6a970ef4aa.jpg  
 GM, replying to your note on wss://relay.damus.io 
 imho Relai has lost attractiveness: KYC + high fees 
 I get the point about KYC, everyone has his/her opinion about that. But high fees? 
 2.5% on relai
On Bittr, there's no KYC and I pay 1.5%
On kraken, KYC but fees are only about 0.25% 
 It depends on a few things on Relai, you can get your fees lower. But each his own I guess ✌🏻 I might check out Bittr too in the future 🤷🏼‍♂️ I knew about Relai before I knew about Bittr 😅. 

But tell me, if you use bank transfers, isn’t your purchase KYC (light) anyways? 
 - getting fees lower on Relai: yes it's possible, but that's not the baseline situation.
- I knew Relai a few years back too and recommended it to many newcoiners. I discovered bittr only recently and I'm pretty happy with their service so far. Now I'm recommending ProtonWallet and Bittr, not Relai anymore.
- Sure, Bittr is only KYC-light bc of bank transfers, not fully KYC-free. Not ideal but nevertheless better than full KYC imo. And I'm still not sure why Relai now has to KYC everyone. 
 We’ve explained everything in this video 🙂

https://youtu.be/8tPqy_u465Y?feature=shared