Since I refuse to do KYC on Binance, I'm now Binanceless :)
These days I got some nice airdrop from Gods Unchain (another airdrop!) for the GODS token.
GU has moved from Ethereum on their own second layer blockchain, called ImutableX, but still when you deposit and withdraw, you are doing it to the ETH network. And here you need ETH.
I have moved out of ETH a long time ago and now I needed to bridge some funds from BSC to ETH, in order to be able to sell the GODS token. Before my preferred route was the Binance CEX, but now that one is no longer an option.
There are still options out there, and services, the LEO bridge included (Splinterlands as well), but I wanted to look for a more cheap option.
Since I got into Thorswap, in theory you can swap BUSD BEP20 to ETH.
Swap BUSD BEP20 to BEP2 on Trust wallet, then swap BUSD BEP2 to ETH on Thorswap.
For only 154$ fee :)
Yea no thanks.
Finally I decided to use the Kucoin CEX.
It doesnt ask for KYC yet. Thing is you can not deposit BUSD from BSC, but you can BNB or CAKE. So swap BUSD on Pancake for BNB, deposit on Kucoin, exchange it for ETH and withdraw for a 0.006 fee in ETH (around 27$).
Swap GODS for other token, 100$ plus $$ fees. Withdraw to some other chain (another fee), probably to Terra, for 20% UST yield on anchor.
Every time I use ETH I get reminded why I withdraw all of it. I still hold ETH in cold wallet, but just hold it and not do anything with it. Fees like this in my mind are only for literally millionaires, and even then I'm not sure why would anyone want to pay hundreds, if not thousands of dollars for few operations.
Every damn CEX will ask for KYC sooner than later. I have gone through it with Binance when I ordered my card. You are right with ETH, its fees are insane and Vitalik was saying a few years ago that $5 per transaction for BTC was insane. What's the point of blockchain now, heh Vitalik?
Posted using LeoFinance Mobile
I love Coinex and they have BSC - BNB, also Hive. You can sign up with an email
Posted Using LeoFinance Beta
Well thanks for the tip!
P.S Got a referral?
https://www.coinex.com/register?refer_code=68gch
I do!
Posted Using LeoFinance Beta
I have kind of been in the same position. I had to stop using my Binance account and I have been trying to find something that I can purchase AVA on. I might need to use my VPN and set up a Kucoin account (I don't think it is available to the US). I was looking at Gate.io, but they have some pretty in depth KYC, so that likely isn't an option.
Posted Using LeoFinance Beta
Wasn't aware Kucoin is unavailable in the US...
I must have been thinking of something else. I just tried to run the site and it looks like it is going okay. I feel like in the past when I tried to load the site it gave me a message that I was in a restricted region.
Posted Using LeoFinance Beta
These is a great improvement in the crypto currency market.now one can swap from hive or eccensy.to cash out in dollars.like a cashapp or something.thanks for posting something like this.a very great post,man