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Are you american? You have a pretty garbage bank transfer system. Europe’s transfer usability matches or beat’s cryptos for transfers within the system. I’m Ca
by graeme 5y ago
Are you american? You have a pretty garbage bank transfer system. Europe’s transfer usability matches or beat’s cryptos for transfers within the system.
I’m Canadian. I just tried transferring my free Coinbase crypto to another wallet to withdraw and the process was slower than had I done a transfer between my two bank accounts. And much more fraught!
- ur-whale 5y ago> I just tried transferring my free Coinbase That's not a wallet to wallet crypto transfer. That's a Coinbase transfer. Coinbase is awful as are the majority of other onramps.
- graeme 5y agoOk walk me through these wallet to wallet transfers and how they’re easier than bank transfers outside of the US. Like in Canada or Europe. In 10 seconds I can my friend’s account and they can use that money to pay online with debit, instantly. Or, spend an extra $100 on their credit card, instantly, knowing their checking account has the room to pay it on bill date. Tell me how a wallet transfer beats that.
- trixie_ 5y agoVenmo, PayPal, etc.. but these are closed ecosystems. It is difficult to transfer money between services or even to/from yourself without a bank intermediary. Especially for larger amounts of money things take a lot longer.
- trixie_ 5y agoCrypto is a system that works national/international doesn’t matter. Transfer money in minutes. No banks have to be involved, not because banks are bad it’s just an unnecessary step.