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RE: 4000? Internal Fiat ⇨ Steem Exchange Needed - Buy Steem - Brain parasite - Crypto Living - Raspberries - $1.28 - 186
I use Coinbase Pro to exchange fiat into Litecoin and then use blocktrades to trade that into Steem. Only getting fiat to coinbase takes some time (about a day for the cash transfer), but the other steps are easy, quick and very cheap.
Does Coinbase Pro take credit card? I think blocktrades charges about a 10% fee.
This are Coinbase's (US) fees:
I don't like how you have to give them your photo ID. Hopefully they don't get "hacked". There seems to be a lot of problems with some of the crypto exchanges but it's good they take credit card. For a while I think they stopped.
99 % of exchanges ask for way too much info. Its like the whole Crypto is more private thing gets thrown out the window. ID / Phone Number and not to mention that pesky 2FA that is forced on everyone. Its like they purposely make it hard to invest.
I agree that asking for all that information sounds a bit much when dealing with Cryptocurrency. Hopefully a less intrusive, less costly and less laborious process will be created by the free market.
You can't have it all I'd say. I don't mind it too much and I'm happy with the service they deliver.