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You're not going to have many customers for long if you have a "roach motel" model for depositing funds. Customers get very worried and very angry, very quickl
by Wingman4l7 8y ago
You're not going to have many customers for long if you have a "roach motel" model for depositing funds. Customers get very worried and very angry, very quickly, if they cannot reliably withdraw their funds.
You could have "WE DON'T DO CRYPTO WITHDRAWALS, ONLY DEPOSITS" in giant 30pt bright red letters on the account signup flow in three different places, and people would still think they could, and then threaten suits and class actions when they find out they can't.
Why would they still think they could, despite all warnings to the contrary? Because withdrawals are a fundamental action in banking, and they think cryptocurrency is another form of money. (Don't get me started on the alien concept of an irreversible transaction...)
When you target the cryptocurrency-newbie customer as your market, results like this are unfortunately predictable.