4 ms·
Depends on your jurisdiction. In some parts of the west you can easily exchange 400k to fiat in less than an hour. But in some countries, this might not be so
by zeroclip 4y ago
Depends on your jurisdiction. In some parts of the west you can easily exchange 400k to fiat in less than an hour.
But in some countries, this might not be so easy. If you reside in Russia, China, or Canada, you might have a hard time. It may also prove difficult actually using the money once it arrives in your bank. Traditional banks are hesitant with sudden windfalls, and you might have your account suddenly frozen for a month or two with no recourse.
There is also the option to just hold the ETH or a stablecoin token.
- from 4y ago> you reside in Russia, China, or Canada, you might have a hard time Interestingly, the opposite is true. The countries with the most restrictions (officially China, Russia, Argentina, Nigeria etc) have the most crypto activity, it’s just all “underground.“
- zeroclip 4y agoI don’t doubt it but I think the commenter was referring to a legal means of exchanging the funds to fiat.