I don’t buy crypto in fiat often but when I do I use my old Coinbase Pro account because I already have a KYC-verified account (I absolutely despise KYC and would love to buy crypto in fiat without having to be on CeFi and provide KYC but that is tough as an American - I have tried using a VPN but I have still had CeFi platforms require ridiculous amounts of KYC and a VPN won’t change my ID).
After I saw that blog written by Coinbase’s CEO yesterday I was like I can’t use Coinbase anymore. I already dislike that Coinbase requires KYC and is a CeFi and is venture-capital funded (and therefore is firmly entrenched in predatory traditional finance), and, on top of all of that, their CEO is toxic and tone deaf.
But then I wanted to buy some ETH in U.S. dollars and realized there are not that many other good choices.
I am aware of platforms like Changelly where you can pay with a card but they all have ridiculous exchange rates where you have to pay like 107% of the real price. Just now Changelly wanted $381 for an ETH that costs $350 on Coinbase Pro.
I wish there was a reliable way to use fiat to buy crypto that did not require KYC or have ridiculous prices or fees and also did not benefit traditional finance.