I downloaded kraken. with this one specifically it had me register then asked for a password over and over again not letting me log in and any reset i tried to do was not successful, then there's the idiot captcha things that just endlessly reset and refuse to go away. That's the other thing with these, the stuff they put you through the ringer for just for registration. The app i have now works more or less(for now), and the only option of the crypto accepted in the HoO that this app uses and has the networks for is the ETH. Someone else referred me to an online platform that i was denied access to because i am in the states. binance also is denied access in my state and other states here. So yes, There are some cryptos with lesser fees, i even tried to use one and my app did not have the network it needed to transfer the funds so i had to convert it to ETH and i lost some. Again due to geographical location limitations and the fact that not every Cryto and its network will be on the app one CAN use, the best exchange fees wont always be possible imo. Plus theres the constant technical issues with a lot of these crypto apps like what i had with kraken.
You do not need to download anything. You can access their website and handle business through it. That is why I said it does not get any simpler than the process I laid out. I do not quite understand why you are having state-specific restrictions since the services are publicly available on the federal level. Can you provide "small print details" on why you are having these issues, or is this a case of user error?
About identification; It is the same with banks. Due to regulations, these exchanges, most of them anyway, need to know who you are, so they ask for identification, which is done on digital devices these days.
Yeah I know, everytime it happens its the same story. I am not saying this is "digital gold" or that it will be worth a million or whatever, but it has its practical uses its not gonna go to literal zero, this is a naive take on the tech. And this is coming from someone who hates Non-physical money...A pullback from ATH of -45% is just your average day in Crypto. The retail is stupid, when things go up they think its gonna get to the moon. When things go down they believe they're done for good. BTC had a massive rally, nobody should expect things to go up in value forever without interruptions.
Quantum computing says hold my beer. That is why I am not seeing these things last as they are forever, because that is simply an impossibility. With changes, the market caps change. The whole landscape changes, so the value and thus the price, adjusts. Not to mention that this whole debt-based system is going to change eventually. The practical use you are referring to has been adopted to so many other forms of transactions, it is not unique. But it is a damn good speculation vehicle for the time being.