I once wanted to lend money to my brother only to discover that my bank imposes monthly caps on money transfers "for your safety". Cryptocurrencies never do such dumb shit.

This seems unlikely, given that people buy houses with money transfers.

You are correct. Banks have many mechanisms for sending money from A to B, on the low end there’s Zelle, then there’s free inter bank transfers, then good old wire transfers (unlimited amounts, usually cost $25).

That's a default limit. I'm sure they will raise if you walk in and tell them you're going to transfer x amount out.

You said "go to your bank". I was thinking "walk into a bank branch" XD

I don't think I've ever wired money in my life. I guess I never needed to. And the few occasions I needed to send some money internationally, I've simply sent crypto, used Western Union, or something like PayPal or Revolut.

I find that mind-boggling. How did/do you pay rent? How do you get paid? Coming from Europe people use wiretransfers for pretty much everything over e.g. credit cards (obviously there are differences between countries but wire transfers are very common everywhere).

I send electronic payments all the time, just not payments big enough to exceed maximum transfer limits. For example, Coinbase might say max transfer for ACH of 5000 USD per day, for larger deposits use a wire transfer. I’ve never done the type of transfer that exceeds the maximum ACH limit.

Wiring isn’t that bad, you need to fill in some fields about the recipient account details and receiving bank. The annoying bit is that banks have inconsistent web portals with mediocre UX. So sometimes it can be frustrating to figure out how to enter the information.

I’ll admit that the crypto UX is faster with just entering a destination wallet address. It would be good if banks could adopt QR codes to provide similar experienfe.

Sometimes you get charged a fee, but many institutions will waive that (e.g. Schwab) if your balance is high enough.