On/OffRamps BTC Only, with Lightning + with KYC
811 sats \ 11 comments \ @RReis 1 Jun 2023 bitcoin
I am trying to map the Bitcoin Only exchanges to On and Off Ramp that are fully integrated with lightning network, and are fully integrated with the local money market for easy for deposits and withdraws in local currency, normally the ones with KYC. Do you know any other one?
‼️BTC Only ⚡️Lightning Network ✅KYC and regulated
🇺🇸US
  • CashApp
  • Swan Bitcoin
  • Strike
  • River
🇪🇺Europe
  • Relai (Committed in implement Lightning in 2023)
🇸🇻El Salvador
  • Strike
🇧🇷Brazil
  • Bipa.app
🇨🇦Canada
  • Bull Bitcoin
🇦🇺Australia
  • Bitaroo
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150 sats \ 1 reply \ @02a0e82664 1 Jun 2023 freebie
🇳🇬 Nigeria
  • Bitnob
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0 sats \ 0 replies \ @RReis OP 14 Jun 2023
Thanks. will add to the list :)
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203 sats \ 1 reply \ @south_korea_ln 1 Jun 2023
They also interface with Strike in terms of remittances.
Feel free to correct me on the details.
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0 sats \ 0 replies \ @RReis OP 14 Jun 2023
Thanks. Will add then to the list. Do all off then accept lightning withdraws?
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200 sats \ 1 reply \ @Mbtcax 1 Jun 2023
The Netherlands
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0 sats \ 0 replies \ @RReis OP 14 Jun 2023
Thanks. I will add to the list. Do they support lightning?
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100 sats \ 4 replies \ @john_doe 1 Jun 2023
Given your purpose, my remark may be irrelevant. So sorry for that, but I would have added a Worldwide category with Swan Bitcoin in it, because as a non US resident I use Wise to exchange my currency to USD and buy bitcoins with Swan. My currency is JPY although Wise allows many more.
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0 sats \ 3 replies \ @south_korea_ln 2 Jun 2023
Unfortunately, not all currencies can be changed into Dollars in Wise, e.g. Korean Won is not allowed. But good to know it is an option for other currencies.
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100 sats \ 2 replies \ @john_doe 2 Jun 2023
Interesting. I can create a Jar for Korean Won in Wise and although I didn't try I would guess I should be able to convert my money to this currency and vice versa. So in your case the option to convert is disabled with Korean Won? That being said, I am currently in Cambodia and indeed I don't have the local currency (although the country having a currency fucked up I don't pay in Riel but in... US dollars and I get the change for small amounts in Riel). So definitely it is not a perfect option but at least doable for many outside the US.
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0 sats \ 1 reply \ @south_korea_ln 2 Jun 2023
Korea has extremely strict capital control laws. I can relatively easily send money into the country, it's much much harder to send out.
Wise only works one way for Korea. It's probably not worth their time to do the paperwork to offer the service the other way.
Remember the 2017 Kimchi premium? The arbitrage loop was difficult to close because of these laws...
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0 sats \ 0 replies \ @john_doe 3 Jun 2023
I see. I didn't know that, thank you for the info. Japan is similar but slightly more open. I always have to answer questions like why I want to use my money and for which purpose. Same thing for the pension system, it is tricky to get our money out even though it is legal.
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