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46 sats \ 2 replies \ @kepford 9 Jun \ on: Cash App Concerns bitcoin
Was it an on-chain transaction or lightning? Just curious. Sounds like it was on-chain.
I really recommend people take bitcoin to self-custody via lightning vs. on-chain. Then you can move it on-chain to cold storage later. Obviously the exchange knows you acquired a certain amount of bitcoin but they would have a much harder time tracking where it ends up.
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70 sats \ 1 reply \ @siggy47 OP 9 Jun
He lives in New York. I do know that cash app did not allow lightning in NY when it was rolled out everywhere else a few years ago. I don't know if that is an option now. This transaction was on chain.
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41 sats \ 0 replies \ @kepford 9 Jun
FWIW I've never had issues with CashApp or Strike but I know that some people have had issues with both. ALM and KYC regulations are terrible and responsible for most of the issues IMO.
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