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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

2 Answers 2

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They are using prime trust - a regulated trust company in Nevada so they should be ok.

Other options are:

  1. Wait for USDC
  2. Use coinbase or another exchange and pay their fees
  3. Check out other tokens
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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

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