> Say you're a Ukrainian fleeing refuge and you want store your life's savings somewhere safe.

Doesn’t make sense. Why would anyone wire your bank account money to a crypto exchange, convert it to crypto, transfer the crypto to a different bank in another country, then withdraw it when they could just wire the money directly to the other country’s bank?

If you can’t wire money out of your bank account to somewhere else, you probably can’t exchange it for crypto either.

Right so other crypto is just as good if not better for this?

Yes.

there's also banks.

i don't know about ukraine, but i live in venezuela and i can't do an international wire transfer here. so some people can't rely on banks, but i probably can rely on someone around here wanting to take my cash or car or house and give me bitcoin if i needed to go away. i use localbitcoins a lot of buy local currency in exchange for bitcoin... and i'm not a "crypto person", but it happened to be super useful for me here in that way

But which bank are you trusting in a time of war? We've seen countries have the power to subvert savings accounts, e.g. Greece limited bank withdrawls to £5000/month. Do you trust these banks more than a distributed ledger? This is a question that needs real thought and evaluation, and crypto might be a useful option. Diversification is important.

My Ukrainian bank card still works, but yesterday when I had to send a friend 40k UAH I had to split it into 8 transfers.

What bank are you using I am trying to send money to my family and no transaction works

My account is with first Ukrainian.