I think this is a new reason now. Until now the reason was not to use an exchange address because the SNO does not own the exchange wallet address.
Now the recommendation would be not to use the exchange address because 1. SNO will not be able to prove ownership of the Storj sending address and 2. because exchange might prohibit receiving deposits from 3rd parties at all.
Also it would be assuring to know how Storj will handle rejected or returned SNO funds.
I think there is currently an issue with that:
STORJ stuck on ZKsync Era
So it could be that it is not possible to withdraw from zkSync to the exchanges address directly? This would mean you would still have to do a L1 to L1 transfer to the exchange?
So ideally I would be able to receive STORJ on L2 and withdraw them to the exchanges L1 address and would be able to pay all fees with STORJ token?
Then this sounds like the only solution that does not require additional ETH. And you are saying that the L2 source wallet is owned by the SNO so he could provide any form of proof of ownership that an exchange might request even though the funds go to a L1 exchange address from the L2 address? I have no idea how zkSync works that this would be possible.
Look, it is just like that pops up a new reason every why the current solutions is particularly bad.
Ok fine, I don’t understand. Then tell me how they work, how much they are and what provider you have been already talking to.
From the information that is publically available to me I can see one provider that offers less than $50 monthly for the base pay package and e.g. ACH transaction fee at $1, Paypal $0, SEPA $4, I don’t see any necessary additional hidden cost.
Another one offers SEPA transfer cost as low as $1.30. A 3rd one advertises cross-border transactions from as low as US$1.
Fine. Storj can do it without a payment provider. I keep repeating that I would happily bear the cost e.g. for an ACH bank transfer. So kindly tell me how much it is? You are correct that I do not understand what increase you are talking about when I bear the cost. But I do understand that this would mean a significant cost reduction for me compared to receiving the STORJ token. I am wondering if you do understand that?
Even if a payment provider might charge something, SNOs and Storj could experience huge savings because of automation, low fees, less handling cost, less or zero intermediaries, automatic statements and payout receipts, message on arrival and much more.