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A comment on Yes, Crypto Is All a Scam. Parent comment

Re:Yes, Crypto Is All a Scam by eli on Tuesday February 07, 2023 @12:45PM (#34696079)
Even if the market price of crypto is magically stable and the exchanges are perfectly in sync, you're still paying the big-ask spread plus the fees to send the crypto itself.

I suspect in most cases Wise or similar would be cheaper and safer.

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Re:Yes, Crypto Is All a Scam by latchkey on Tuesday February 07, 2023 @02:02PM (#34697447)
> Even if the market price of crypto is magically stable and the exchanges are perfectly in sync, you're still paying the big-ask spread plus the fees to send the crypto itself.

Today, I can buy USDC/USDT in the US, head to any country in SE Asia and sell it locally there, paying less in fees than I would with USD. No KYC on the receiving end.

Wise is a pain the KYC ass and has a lot of limits.

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