I'm sick and tired of Coinbase and their Bullshit. I tried to verify a card today, and guess what, the test transaction didn't go through.
Kraken is a Million Times Worse. Their verification process can take weeks.
Both platforms require that you wait 5 to 7 business days to actually withdraw your money to use in the real world.
The Bullshit needs to stop!
Fuck KYC, Fuck AML, Fuck all that regulatory Bullshit!
Luckily I've found a way to get around these ridiculous wait times, to actually use your Crypto Currency.
The Solution is ShakePay!
More specifically it's a three punch combo, let me explain:
First you purchase Bitcoin at a Local Bitcoin ATM. You can find them in most major cities.
Next you trade for your favourite currency (Ether in my case) using ShapeShift. This step is optional.
Finally you load your ShakePay Visa Card with Bitcoin, Ether, or Dash to make real world purchases anywhere Visa is accepted. This is HUGE! One guy even bought a Tesla!
ShakePay is still KYC (Know your customer) & AML (Anti Money Laundering) Compliant. But the verification process is A LOT quicker, and you can instantly use your Crypto Currency to make Real World Purchases!
Like I side, this is HUGE!
Now I can order McDonald's on UberEats using Ether lol.
As always Comment & Up Vote.
Thanks for Reading!
Much Love!
Jibar