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


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

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

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge you have read our privacy policy.

Not the answer you're looking for? Browse other questions tagged or ask your own question.