I did this and it's worth the effort to set it up. Truly permissionless.
As a European 🇪🇺, it is possible to enjoy a completely bankless option...
→ Create a @monerium account, which will allow you to perform off-ramp and on-ramp in euros WITH NO FEES (it's real)
→ Order a @gnosispay card (around 30 euros) that will give you access to a completely non-custodial @safe account (free)
Quick tip → Consider buying a @Ledger (60 euros purchase price) for added security and link it to your Safe wallet
Through @gnosischain, take advantage of sDAI, a wrapped version of $DAI, to use it as a yield-bearing cash account (currently 7%)
→ Bet on Gnosis by buying 2 GNOs (260 euros at the current price) and lock them in your Safe wallet to enjoy 2% cashback on all your card purchases. Also, take advantage of the OG NFT for an extra 1% (so 3% in total).
If you want to fund it automatically, download @zealwallet (free & self-custody) and link your Gnosis card. You will automatically earn yield while funding your account.
To manually exchange your sDAI for euros or buy tokenised stocks or ETFs by @BackedFi on Gnosis, use @CoWSwap DEX will protect you from MEV (Maximum Extractable Value).
If you want to bridge your funds to Ethereum or another ecosystem at lower fees, use @deBridgeFinance, which is well-suited to the Gnosis ecosystem.
No bank fees and no permission required to do any of this. Don't just invest in crypto, use it. You will learn a lot.
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