Todays Top Stories

Editor: @PhoenixxDown

What Alternative Options Do You Have For Off-Ramping?

Coinbase is once again in the news today, coming after the recent announcement they are the first crypto company to be included in the S&P 500, but today the reasons are not so good.

Brian Armstrong, Co-Founder and CEO of the CEX, addressed the news of a Coinbase customer data breach, where scammers bribed rogue support agents to steal sensitive user data, including names, addresses, government IDs, and partial Social Security numbers.

It’s not the first time Coinbase has been in hot water in regards to customer funds and KYC practices, with a chequered history of freezing funds—with little to no way of having them reopened again—well documented over the years.

Most reading XO Daily likely only use Coinbase for on/off ramping, and maybe perps trading if you like that sort of danger, but with trust constantly eroding with the platform, perhaps it’s time to explore other options?

Below, we explore five non-centralized platforms—two KYC-free and two with KYC—designed for individual users to convert crypto to bank accounts without relying solely on the old guard of centralized exchanges.

Bisq (No KYC)

Bisq is a decentralized P2P exchange running on a distributed network, enabling direct crypto-to-fiat trades without intermediaries.

• Fees: Trading fees are 0.1-0.7% per trade, paid in BTC or BSQ (Bisq’s token). Bank transfer fees vary by bank.

• Supported Coins: BTC, ETH, XMR, LTC, and select altcoins.

• Countries Available: Global, with no restrictions, though dependent on peer offers.

• Other Features: Bisq uses decentralized escrow for secure trades. Bank transfers take 1-5 days due to manual coordination.

• KYC Note: No KYC required.

• X Account

• Website

Hodl Hodl (No KYC)

Hodl Hodl is a non-custodial P2P platform where users trade crypto directly for fiat, bypassing centralized oversight.

• Fees: 0.6% fee per trade, split evenly (0.3% each) between buyer and seller. Bank transfer fees depend on the bank.

• Supported Coins: Primarily BTC, with some support for ETH and USDT.

• Countries Available: Global, subject to peer availability for bank transfers.

• Other Features: Multisig escrow secures trades. Users negotiate bank transfer terms, with settlements in 1-3 days.

• KYC Note: No mandatory KYC, though peers may request ID for large trades.

• X Account

• Website

MoonPay (KYC Required)

MoonPay is a non-custodial payment provider allowing users to convert crypto to fiat directly from wallets via its app or website, designed for individual use.

• Fees: Offramping fees are 1-2% plus a fixed fee (e.g., $2-5), with network fees for crypto transfers.

• Supported Coins: 80+ cryptocurrencies, including BTC, ETH, BNB, and USDC.

• Countries Available: 160+ countries, including the US, UK, EU, and parts of Asia and Africa.

• Other Features: Offers fast bank transfers (often same-day) and supports multiple fiat currencies (USD, EUR, GBP).

• KYC Note: Requires ID verification.

• X Account

• Website

Paxful (KYC Required)

Paxful is a P2P marketplace where users trade crypto directly, connecting sellers to buyers paying via bank transfers.

• Fees: Sellers pay a 1% escrow fee; buyers face no platform fees, though bank fees may apply.

• Supported Coins: BTC, ETH, and USDT.

• Countries Available: 190+ countries, including the US, Nigeria, India, and the EU.

• Other Features: Escrow secures trades, with hundreds of payment methods, including bank transfers, completing in 1-2 days. Despite KYC, it’s accessible for users needing flexibility.

• KYC Note: KYC required for higher volumes.

• X Account

• Website

Runes will soon be coming to Slingshot!

Make sure to sign up via our ExtraOrdinals referral link, or QR code, found below, and be all set for when they go live!

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Todays Markets

Catch up with Landy with last night’s Wednesday Check-In:

Ordinals

Prices have taken a turn for the worse after several days of green, with the biggest drop coming from Bitcoin Puppets — down 11% after briefly pulling ahead of NodeMonkes in their ongoing battle for the top spot.

That said, the overall market still looks much healthier than it did just a few weeks ago. In fact, Ordinals have outperformed NFTs on other chains quite comfortably.

Taproot Wizards remain just above mint price today, and The Wizards of Ord finally seem to be getting the recognition they’ve long deserved. They’re no longer “cheap” by most accounts — though you could still make the case they are, if you’re thinking long-term.

OG Runes

OG Runes continue to flounder in this frustrating range where nothing seems to break out. Slingshot, still rumored to be a couple of weeks away, is likely the next real catalyst, as we’ve said before.

Still, $LIQ posted a strong move upwards today, as buyers start to wake up to the fact that Liquidium might be seriously undervalued at current levels. A bet on $LIQ is, in many ways, a bet on BTCFi itself.

$EPIC is the other big gainer of the day, though truly, for reasons completely unknown.

OdinFun

FunkyBit

Alkanes

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