Comment on Launch HN: Sparkswap (YC S18) – Buy Bitcoin Instantly over the Lightning NetworkparentComments−wmf6yAll legit exchanges (e.g. Coinbase and Gemini) have this problem but there's really no better way for consumers to transfer USD.−notyourday6yNon-transactional nature of ACH are a feature, not a bug. The legit exchanges account for it using in house compliance departments, risk management groups and people intimately familiar with the cash management side of the finance industry.
Comments
All legit exchanges (e.g. Coinbase and Gemini) have this problem but there's really no better way for consumers to transfer USD.
Non-transactional nature of ACH are a feature, not a bug. The legit exchanges account for it using in house compliance departments, risk management groups and people intimately familiar with the cash management side of the finance industry.