Does anyone have experiences with Coinify, the new partner that allows CC or bank transfers for crypto buying through the ledger app? Does that require all the identity verification? I see that it is out of Denmark. What about other exchanges now that coinbase is somewhat problematic? Is the Winklevoss creation (Gemini) any good?
I have not really heard anything about Coinify besides just making a quick glance at the website, and I may have heard their name, previously. MOst of the time there is going to be some level of KYC requirements, these days.
Gemini tends to be pretty good, and I have used their service since 2015, but the fees are a bit higher at Gemini than coinbase... but of course, if you are getting more worried about Coinbase for their ongoing shenanigans of going down at busy times and even some of their seeming issues with cooperating with the feds in terms of tracing, then those could be reasons to boycott their services.
Some people talk about the cash app which is connected with square app and swan bitcoin as other possibilities. As far as I know, cash app and swan do not have both in and out services, so it is good to make sure that you establish some relationships with exchanges in which you can get out of bitcoin, too, in the even that you might want to use that service, but yeah, sometimes when BTC prices are going all crazy, then trying to get out might end up having some issues, but if you can exchange into dollars at least (at a time that you want to get out), then maybe it does not matter as much if it might take a week or two to get the transfer to go through to your bank, but I think that Gemini would be o.k. with getting you the money quickly as long as you are already an established customer.
Don't get me wrong, I hardly sell any of my BTC in major amounts, but I have always valued having and maintaining avenues in which that I would be able to cash out, if I needed to.. of course, if you are just cashing out small amounts here and there, then there are less likelihoods that you are going to run into issues, but if you have a large amount of BTC and you want to run it through an exchange in which you have only recently established a relationship, then some red flags might get raised, so I think that it is good to prepare for those angles.
I was a bit saddened by a lot of the shutting down of Localbitcoin options, at least in the USA, and I think that the same thing happened in some other westernized locations, too, so Localbitcoins used to be a more prevalent option to attempt to engage in direct buys/sells of BTC.