Okay but when i want to buy dfi on kucoin

Question

Okay but when i want to buy dfi on kucoin

whats the next step in order to get dfi cheap is it like: xlm from coinbase to kucoin, then xlm to usdt and then usdt to dfi ?

#blockchain #cryptocurrency #defichain #english

0

26.04.2022

8 ответов

11 просмотров

Spencer L

Ronnie Long
If your KuCoin account isn't verified, then yes. ...

KuCoin does not require KYC, though. Its withdrawal limit is still 2 BTC daily (a masternode's worth of DFI), which is good enough for most users.

0

26.04.2022

Ronnie Long

Spencer L
KuCoin does not require KYC, though. Its withdrawa...

But it doesn't let you directly exchange fiat for crypto unless your account passes KYC (I'm guessing). Yes you can still use KuCoin within limits, but you have to pay exchange fees twice. And Coinbase has the highest fees for low volume clients of all the CEX's I've looked at.

0

26.04.2022

Spencer L

Ronnie Long
But it doesn't let you directly exchange fiat for ...

You're probably right, I have never taken a look specifically at that. It appears that Don is already comfortable with using Coinbase, though.

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26.04.2022

Markus Lanz Автор вопроса

Ronnie Long
But it doesn't let you directly exchange fiat for ...

Yeah i had binance as an onramp but its not possible to use it as an fiat onramp from germany

0

26.04.2022

Spencer L

Ronnie Long
But it doesn't let you directly exchange fiat for ...

Coinbase is much more regulated than other exchanges though, so you might have a little more recourse should legal troubles arise.

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26.04.2022

A L

Spencer L
Coinbase is much more regulated than other exchang...

Exactly right. I shit my pants when I ttansfer btc to kucoin. I get anxious due to regulations.

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26.04.2022

Spencer L

A L
Exactly right. I shit my pants when I ttansfer btc...

Haha, I feel the same. Knowing that U.S. citizens cannot complete KYC means that I cannot do anything against KuCoin if they scam me out of my crypto, get hacked, or shut down. Also, who knows if which, if any, exchanges might be using your funds for market manipulation. Who is borrowing USDT for you to gain 7.3% interest on it?

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26.04.2022

Ronnie Long · Accepted Answer

Ronnie Long

If your KuCoin account isn't verified, then yes. You will need to send a coin from another CEX to KuCoin and then swap it to DFI. If you can pass KYC on KuCoin, I'm guessing you could just use them as your DFI on-ramp.

0

26.04.2022

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Okay but when i want to buy dfi on kucoin

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