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A comment on Binance US No Longer Allows USD Withdrawal for Users. Parent comment

Re:Binance US No Longer Allows USD Withdrawal for Users by throwawayrupl on Wednesday October 18, 2023 @12:03PM (#37930645)
Yes, I do. I'm originally from a bad country (Russia) but right now live in a good country (Poland). I still do some work in the bad country and USDT is basically the only inexpensive, easy, and fast way to transfer money from the bad country to the good country.
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Re:Binance US No Longer Allows USD Withdrawal for Users by Arainach on Wednesday October 18, 2023 @12:32PM (#37931078)
So the big use case of crypto is evading and violating international sanctions?
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Re:Binance US No Longer Allows USD Withdrawal for Users by throwawayrupl on Wednesday October 18, 2023 @12:43PM (#37931251)
I don't violate any sanctions by sending my personal income from Russia to Poland. And it's still possible to send Swift from Russian bank to Polish bank. But it takes a lot of time to arrive and commissions are ridiculous.
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Re:Binance US No Longer Allows USD Withdrawal for Users by lesuorac on Wednesday October 18, 2023 @01:31PM (#37931925)
Well they use it to avoid international sanctions but International Remittance is extremely common.

The fees of which are estimated to be over 5% [1]; I mean imagine losing 5% of your paycheck just because of currency problems!

The current Etherum TX fee is 0.0004 which at 1 ETH / 1,573.09 USD comes out to 62 cents.

Would your rather pay 5% of your transfer to send money home to your family or 62 cents?

[1]: https://fbf.eui.eu/what-explains-international-remittance-fe...

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Re:Binance US No Longer Allows USD Withdrawal for Users by Arainach on Wednesday October 18, 2023 @02:47PM (#37932952)
I would gladly pay 5% to support enforcement denying funds transfer to war criminals.
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Re:Binance US No Longer Allows USD Withdrawal for Users by hnfong on Wednesday October 18, 2023 @11:48PM (#37938122)
Are you paying your 5% dues? And why aren't you?

Talk is dirt cheap.

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Re:Binance US No Longer Allows USD Withdrawal for Users by EVa5I7bHFq9mnYK on Thursday October 19, 2023 @02:57AM (#37939436)
Do you realize the OP's use case involves funds transfer FROM war criminals? An average European, however, filling her car by gas imported from Russia (by way of Indian refineries), is transferring funds TO war criminals.
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