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0 pointspotamic8mo ago0 comments

If a country does not allow their citizens to exchange currency, then this is as good as a black market and comes with the same risks as obtaining currency through any other black market means.

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nlitened8mo ago

Carrying around or storing piles of foreign currency is much riskier than having a USDT wallet. You also cannot fly to another country with cash.

dzonga8mo ago

crypto off-ramps & on-ramps are expensive though.

check binance & other markets - e.g convert USD 10 to USDC

nlitened8mo ago

Expensive relative to what? When people are rescuing their hard-earned savings of 200k USD out of a third-world country, they would be happy to pay even double-digit per cent commissions, and crypto is much, much cheaper, faster and safer than all other available options.

Of course, if you're a US citizen transferring 200k USD from Chase to Bank of America, crypto doesn't make any sense.

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0 pointspotamic8mo ago0 comments

If a country does not allow their citizens to exchange currency, then this is as good as a black market and comes with the same risks as obtaining currency through any other black market means.

0 comments

nlitened8mo ago

Carrying around or storing piles of foreign currency is much riskier than having a USDT wallet. You also cannot fly to another country with cash.

dzonga8mo ago

crypto off-ramps & on-ramps are expensive though.

check binance & other markets - e.g convert USD 10 to USDC

nlitened8mo ago

Of course, if you're a US citizen transferring 200k USD from Chase to Bank of America, crypto doesn't make any sense.

1 more reply

j / k navigate · click thread line to collapse