Well I have binance account (which is reasonably credible as exchanges go), and I don't buy that much steem anyway, so probably not very useful for me personally.
Well I have binance account (which is reasonably credible as exchanges go), and I don't buy that much steem anyway, so probably not very useful for me personally.
Right. This is not an issue for crypto-awarepeople who have wide access and understanding of tools such as binance.
But it is definitely a show stopper for newcommers who would like to get paid for posting on facebook. For that matter, let's rephrase the question to "would you advise you niece to buy steem from this service?"
I'd say this:
Way to personal again :) Not to disappoint you, but I wouldn't advice anyone who's not crypto-aware to buy crypto for fiat at this stage, simply because there's so much fraud around it's just a matter of time when this person falls pray to fishing attempt or password hack. In case of niece I'd offer to buy it for them.
That said, I'm sure there would be a lot of demand for such service, since there are thousands of people using sketchy exchanges like Yobit. The complications for owner of such service comes from other side - financial regulations regarding selling crypto are not very well defined yet, and in some places such services are plain illegal. Programming is the simplest task, hard part is "lawyering up", paying taxes and convincing visa/mastercard partners to work with you. Paypal is not an option because it's policy is to allow no-questions-asked refund 30 days after transfer, which in anonymised, non-refundable crypto world is a deal breaker.
So if you feel you can solve those issues - I say go for it.
I won't solve it. At least for myself, but I can contribute by posting questions :)
About the legal aspects, maybe being a small individual will make things easier. In my local regulations I think you could get self-employed to do that provided you don't exceed a certain fiat .threshold
Not sure being individual changes things much. But I would be glad if somebody would try it.