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0 sats \ 1 reply \ @felix 12 Dec \ parent \ on: wave.space BETA: Get ⚡10,000 sats for testing direct-to-wallet BTC<>EUR exchange bitcoin
I saw this when Roy posted it earlier this year – definitely interesting!
However, I do remember your focus on only supporting non-kyc first... In any case I joined the TG group. :)
Absolutely valid point. I guess we're still figuring out how to explain what we do in one headline, without conveying something that wouldn't be accurate... – Thanks for the info, we'll think about how we can improve the messaging.
Lastly, we're actually already working on a v1 Bitcoin Loans product, which enables you to post BTC as collateral and get USDC in return (which you then will be able to withdraw to your EUR bank account, or use to spend with your wavecard!)
If that's what you're looking for, definitely join us on TG or follow us on X to stay up to date on this 👀
Oh and of course, if you have any particular feature you like (e.g. Bitcoin Loans), we'd absolutely love your upvote/downvote on our product request board!
Exactly right!
We're not trying to compete with non-KYC options such as SwapMarket. Peer-to-peer options are incredibly important to keep bitcoin open and honest. That's for sure!
However, we believe there's a better way to operate a CEX – Especially considering that Bitcoiners are simply using bitcoin differently than crypto users are using crypto.
We need a better user experience!
Compared to other CEX's, we have certain benefits:
- UX is tailored to self-custody users. We want to educate people to Self-Custody. We don't want to hold your assets if we don't need to. From wallet to bank account as fast as physically possible with a CEX!
- Euros in, and Euros out are done in your own name! – This will prevent any of your bank accounts from blocking any of your transactions, because they are to (or from) a bank account in your name.
You can literally sell 100,000€ worth of Bitcoin in a couple of minutes, and receive it on your bank account with SEPA Instant – without the receiving bank account auto-blocking you. (Of course, no guarantee they'll block you if you keep doing this multiple times per day for no reason, lol)
Our v1 of wavelink has certain limits, where every transaction needs to be confirmed by the user with 2FA. – However, we're already working on a setup where you can literally send value back and forth without ever needing to touch our platform, once it's set up.
Regarding our future plans, we have sooo many things planned:
- Bitcoin Debit Card – Load up your debit card with bitcoin and sell them only when you need to, the moment you need to!
- Bitcoin Loans – No need to sell anymore! Borrow Fiat against your Bitcoin
- Bitcoin Cashback – Spend at certain merchants and receive 5-50% Bitcoin cashback
Essentially, our core mission is to give you with all the tools you need to live on bitcoin; to go all-in!
Sadly, due to all the insanely costly & time-consuming regulatory hurdles, we'll stay EU-only for the foreseeable future.
Better to serve one market as best as we can, rather than serving all the markets, but offer a shitty experience! :)
I've never used Exodus in my life. We've simply researched different wallets using Keyword traffic, Appstore downloads, and so on, in order to rank high on Search Engines.
Saying "wavespace is NGMI. Is trash." is an insult to me, considering I built it. That's basic logic, I hope you can agree.
- I have explained you why we placed Exodus there (In terms of numbers, it's very popular, meaning "many people use it").
- I agreed with you, that it might be better to replace Exodus with another wallet, that's Bitcoin-only.
- I ask you what wallets you would like us to support by naming there, as I see your point and would like to improve our webpresence & product in general.
...Then you proceed to insult me?
I'm a bit shocked to be honest.
I would've expected more constructive support from someone like you.
Just so you know where we come from – For us, it's the other way around...
We chose to put Exodus as an example, because the cold hard reality is that it's one of the most popular "bitcoin"-wallets out there...
You can't use wavespace with any other crypto.
But of course, I do see your problem. Maybe excluding this might be better than trying "save" Exodus users...
What wallets would you like us to demo there? :)
After diving into economics and going to business school. This shit didn't make any f*cking sense. Their equations and models just don't add up.
And in case you need to pay with a card, you can just buy €100 Visa/Mastercards without KYC at Coinsbee ;)
(or up to €2500 with KYC for occasional big payments)
That's what I'm thinking; Microservices!
However, what does that actually mean? Focus on shitty webapps? Could work!
Pay-per-use SaaS subscriptions would be awesome. I see quite the case here.
Difficult to commercialize though, as it goes against most SaaS T&Cs.
Once a unique hash is associated with your being, you'll be surveillable even if mechanisms are in place to mitigate that.