That's a fair point, but creating an account on an exchange isn't too bothersome.
I personally use a Ledger device for my crypto. It was super easy to set up (though I wouldn't advise it to my mom, because she tends to misplace things). I linked my crypto wallet to my bank account fairly easily. So we can still get nigh-instant crypto transfers and fast selling of crypto into local currency (Speaking from US here, I think it usually just takes up to one business day). It's still faster than bank-to-bank transfer for large sums, which again, can take weeks for whatever reason they decide.
> wise without a linked account or PayPal or etc is the exact same outcome
PayPal without a linked account is actually pretty terrible. I did a Google search of PayPal frozen funds and this was the first result.
https://www.reddit.com/r/smallbusiness/comments/1kq14uk/payp...
Wise may have similar issues, I haven't really dealt with them outside of the occasional transfer, but I never let money sit in my wise account.
If you have custody of your own crypto wallet (IE not coinbase), no one can freeze your funds.
Again, I have my qualms with crypto, but the existing shitty state of ways to transfer money makes crypto very attractive. I have trouble even transferring money between my wife and my joint bank account and my personal account (held at two different institutions).
