201 sats \ 3 replies \ @Lux 4 Jun \ on: Bringin: Fast Offramp from Lightning to Fiat With a Personal IBAN Account bitcoin
I was fine with the KYC tradeoff for certain purposes, but didn't use it once, because of the atrocious spread, and lightning transactions are more expensive than onchain. i regret doing the kyc
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51 sats \ 1 reply \ @SpaceHodler 4 Jun
Yep, IIRC it works out to 2% for LN deposits and 1.5% for on-chain. 2% is the same as Bitrefill's recently launched euro debit card.
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0 sats \ 0 replies \ @Lux 4 Jun
yep, they have a third party lightning provider i'm ok with the fees
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14 sats \ 0 replies \ @teemupleb OP 4 Jun
I haven’t tried Bringin personally because of the KYC.
Interestingly, in their FAQ they state: “No hidden fees and no markups.”
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