Anchorusd trustworthy?
Anchorusd trustworthy?
Loading saved threads...
Hunter Drum · External communityPost link
External question — Stellar Stack Exchange
Author: Hunter Drum
Original post: https://stellar.stackexchange.com/questions/4309
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
Adaptation: HTML converted to plain text; contact email addresses removed.
I recently decided to cash in my free lumens from last year on keybase
So I looked into it and transferred my lumens to an anchorusd account using the anchorusd android app
Keep in mind I have never transferred any cryptocurrency into USD before
But the app wants me to give it my social security number and obviously a routing/member number to send the money to my bank
Should I trust it? The social security part is what worries me most
Quote
Report
Anthony B · External communityPost link
External answer — Stellar Stack Exchange
Author: Anthony B
Original post: https://stellar.stackexchange.com/a/4312
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
Adaptation: HTML converted to plain text; contact email addresses removed.
They are using prime trust - a regulated trust company in Nevada so they should be ok.
Other options are:
Wait for USDC
Use coinbase or another exchange and pay their fees
Check out other tokens
Quote
Report
watchingthis2 · External communityPost link
External answer — Stellar Stack Exchange
Author: watchingthis2
Original post: https://stellar.stackexchange.com/a/6022
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
Adaptation: HTML converted to plain text; contact email addresses removed.
Trust is a strong word. I was working to develop trust with AnchorUSD,(now is called tryanchor.com) however, my trust was destroyed. I wrote about it [here][1]. I'd suggest cashing out or transferring your Stellar elsewhere.
Lobstr, Nexo, Bittrex or Crypto.com are ones I have used with no problems.
[1]: https://www.publish0x.com/money-matters/updated-crypto-fans-beware-of-anchorusd-xryvnwo
Quote
Report
Post Reply
Quoted from Forex.com.bd-Editorial External question — Stellar Stack Exchange Author: Hunter Drum Source score (net votes, not local likes): 1 Original post: https://stellar.stackexchange.com/questions/4309 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. I recently decided to cash in my free lumens from last year on keybase So I looked into it and transferred my lumens to an anchorusd account using the anchorusd android app Keep in mind I have never transferred any cryptocurrency into USD before But the app wants me to give it my social security number and obviously a routing/member number to send the money to my bank Should I trust it? The social security part is what worries me most
Checking account access…