What platform do you use to buy crypto in fiat?

General Chat
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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.

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Sorry I could not figure out how to edit my post but I wanted to add that I don’t necessarily object to his opinion about corporations and politics (I happen to not agree with it but I digress), I object to the way he said it and the actual statements he made in his blog post.

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I remember something about Aave recently integrating fiat deposits– here’s the article.

It seems if from the US you still need to do basic KYC, but the fees are only 0.5%.

Realistically, I don’t think as a US user you’ll be able to do fiat to crypto without KYC anytime soon.

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4

I like Binance.us a little bit more because they give you the money to trade faster than Coinbase but you still can’t withdraw it off of Binance.us for 10 days. Maybe look into Bisq.network

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5

If you already have a Coinbase Pro account and are worried about fees, you can convert fiat USD to USDC without fees. As some mentioned, as a US user, avoiding KYC may be difficult.

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I use several depending on the value. If it’s a small amounts I charge it to my credit card via crypto.com because they waive the fee. If it’s a larger amount I use a local exchange call bitopro. But my funds don’t usually sit on either for very long.

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The question seems to be more about what exchanges can you use Fiat WITHOUT KYC or documentation. Offhand I would say none for U.S. users. If there is a exchange that allows you to deposit fiat and buy crypto without any KYC documentation I would like to hear about it

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If I buy in fiat, my first choice is Coinbase. Although not ideal, it’s efficient and the rates and fees are reasonable.

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Kraken. One of the few I trust.

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Closing this now, as discussions such as this are better suited for the Discord or Telegram groups.