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Have you considered being paid in, for example, USDC? You could then get a visa card that you could top up with it for spending.
by martinko 5y ago
Have you considered being paid in, for example, USDC? You could then get a visa card that you could top up with it for spending.
- deleted 5y ago[deleted]
- thepasswordis 5y agoThis is a good idea. The only issue will be if any of the offramps start banning Russian citizens as well.
- awb 5y agoLuckily I haven’t heard of a country seriously considering that and I’m not sure what goal that would achieve. It sounds like a win/win to help people leave who want to.
- therusskiy 5y agoI've been a big crypto sceptic for a long time, but with the current situation I had to deposit a lot of money to Binance, because Russian banks/government has stopped allowing people to withdraw USD from ATMs, forbidden transfers to other countries (only $5k/m to relatives), forbidden to cross borders with more than $10k (not they are possible to cross at all now).
- martinko 5y agoDon't want to come of as a crypto shill, but check out the crypto.com card. It could be pretty useful for you (if they give you one, not sure about the whole sanctions situation). I have been using it for daily payments for over a year and I'm pretty happy with my experience.
- xiphias2 5y agoIf you don't own the private key, you are not really ahead. Money of Russian people on crypto exchanges will be frozen. Buy a Trezor, it can save your financial life.
- eb0la 5y agoEven better: switch addresses every 2-5 transactions (max). This is might be costly buy this way you are harder to track.
- vmception 5y agoSounds like you need to get more educated on how to best use these assets. You’re not safe yet. If you do get closer to what the person you responded to said: A) USDC can freeze individual addresses. So can USDT. Alternative stablecoins like DAI and MIM cannot. B) Opening the visa card will have the same consternation as any bank. You’ll need to start transacting more in the stablecoin, until banking partners are found.
- stiltzkin 5y agoI would not put all eggs in one basket, keep safe part of your assets to a safe private digital asset as XMR (Monero).
- hackerfromthefu 5y agoYes hedge your bets/not all in one basket. It's for instance possible various cryptos may get restrictions placed on them somehow to assist with the sanctions.
- stiltzkin 5y agoThey can get restrictions only centralized exchanges.
- vmception 5y agoA) USDC can freeze individual addresses. So can USDT. Alternative stablecoins like DAI and MIM cannot. B) Opening the visa card will have the same consternation as any bank. You’ll need to start transacting more in the stablecoin, until banking partners are found.