Streamity and StreamDesk Finally! A Decentralized, Convenient, Transparent and Cheaper Way to Purchase Cryptocurrency!

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The Perils of Purchasing Cryptocurrency

I can remember the first time I wanted to buy some cryptocurrency (Bitcoin). This was around mid-2011.

The experience was so frustrating that I almost gave up.

Stubbornly, I charged on. But it was a long, hair-pulling; and oftentimes, disheartening emotional roller coaster ride before I finally was successful.

Although things have gotten a little better, the majority of people who want to acquire cryptocurrency for the first time are confronted with confusing, time-consuming and outrageously expensive alternatives.

For the neophyte of today, mining for cryptocurrency is not a very attractive proposition. It is neither practical, nor very profitable; relegated to the few cryptocoins aimed at securing all the customers without expensive GPU mining rigs.

New cryptocurrency enthusiasts routinely get fleeced when they buy cryptocurrency for the first time - I know I did.

Over the years, I've learned - usually the hard way - that even what appears as minute, trivial amounts can quickly stack up and obliterate your profits.

And anybody who has been in the cryptocurrency space for awhile can attest to this:

"The potential to get nickel and dimed to death is an ever-present hazard. Unless you're a financial masochist, 'Death by a Thousand Cuts' is not a very pleasant thought, no?"

First off, a new cryptocurrency enthusiast must take into account their geographic location and nationality. This is vital because many Cryptocurrency-centric institutions are mandated by their country's laws to limit their client base strictly to citizens of that country.

Consider the centralized players (e.g., Coinbase and exchanges), extrapolate, and the picture becomes quite clear. With them, there's no avoiding the tons of red tape; especially when someone desires to fund his exchange account with fiat currency from a personal bank account - via a Bank Wire or an ACH transfer.

Aren't they [crypyocurrencies] supposed to be "decentralized, democratizing currencies, accessible to anyone around the globe"?

In the end, many people forego acquiring cryptocurrency from these "bank, exchange or hybrid" style companies because of the long, drawn out and quite invasive AML/KYC process.

The next option to consider for acquiring cryptocurrency is to buy it from someone in your local area.

In the old days (within the context of "internet time"), gatherings of Bitcoin enthusiasts would get together at popular bars or restaurants to socialize and trade local fiat currency for cryptocurrency. It was a fun way to meet new, like-minded people and introduce others to the technology.

Although this "French Connection" scenario didn't bother me; for many, it was not their cup of tea.

Privacy-centric (and especially, agoraphobic individuals) view this acquisition method as severely dissonant with their personal beliefs and lifestyle.

Debit and Credit Cards

At first blush, buying cryptocurrency via a debit or credit card is alluring. The thought of simply whipping out your card and using the familiar shopping cart/check-out process online is quite seductive, indeed.

Sadly, they are all the antithesis of "convenient and inexpensive. The price is so high that it's insulting to anyone with half a brain and a functioning internet connection.

Streamity and StreamDesk - Hallelujah! A Decentralized, Convenient, Transparent and Cheaper Way to Purchase Cryptocurrency!

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"The Streamity Exchange and StreamDesk Dapp promise to eliminate all of the aforementioned hassles of purchasing cryptocurrency.

Decentralized Cryptocurrency exchange

We will develop fair and completely transparent StreamDesk service for the cryptocurrency-fiat money exchange without intermediaries. We will protect our users from fraud, which is so common to this market, by means of smart contracts."

https://streamity.org

Here's a nice video of Streemity's benefits:

STREAMDESK DAPP

"StreamDesk is a P2P platform where both parties to a transaction are individuals. There is no comparison between StreamDesk and conventional financial institutions such as banks or stock exchanges, as fiat currencies are transferred directly between individuals."

https://streamity.org

(Portions of this article were excerpted from: https://steemit.com/cryptocurrency/@jaichai/experiencing-a-place-where-bitcoin-convenience-is-not-a-fantasy)

By JaiChai

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