Today I sold my crypto on binance and tried withdrawing it to my bank account.
Man the process is very exhausting. Having to transfer to coinbase, and then transfer to your own bank account takes a lot of time. Plus all the fees along the way make you lose a lot of money. For example I withdrew $200 USD, and had to pay $50 USD in fees along the way.
Safety ? You have to share all your personal information, along with credit card details on all the apps on the way (binance, zen, coinbase). What if there is a hacker attacks on these apps? How is that safer than banking, Sharing your info on all this apps ?
In the end, crypto is all about avoiding banks and the “guys-in-between”, right ? As I heard on some videos. Well how is using three apps to sell your crypto “avoiding guys in between” ? Also the end goal is to sell crypto and transfer the cash to guess where ? To the bank.
So please tell me, how is crypto better than real cash and banking, if in the end your main goal is selling and transfering cash to the bank ?
Arguments like “but you can pay with crypto” also make very little sense right now, because you cant really use crypto in most of the places. You cant buy food or water, or a car or a 2-bedroom house with crypto. At least not in my country.
submitted by /u/sadguy__
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