We live in a crazy world!
- CoinBase.com and Binance will freeze your money if you send crypto to the wrong crypto address under the pretext that the receiving address is malicious. Their logic is, “YOU’RE SENDING MONEY TO SCAMMERS, SO YOU MUST BE A SCAMMER TOO, WE’RE TAKING YOUR MONEY.” This goes against everything that crypto was designed for. Never, ever, ever use exchanges for personal deals. If you need to really use them, only use them to fund your separate cold wallet.
- PayPal will take your money and never return it to you. They will not explain or even give you an answer if you run into problems. There is no way to talk to anyone who will give you answers, and most of the time, your only option is to sue.
- Even bank wires aren’t 100% safe. We have to write countless documents each month for SWAPD members so they can withdraw their SWAPD earnings. Banks will literally say, “WHERE DID YOU GET THIS MONEY FROM, GIVE US DOCUMENTS OR ELSE YOU’RE NOT GETTING IT.”
- Wise.com isn’t safe, also. For the first time ever, we had a bank wire totally disappear. @ytwizard will confirm this. We sent him a payment in July 2022, our bank says it was sent, but Wise.com says no payment on their end. Our bank says here is proof (SWIFT confirmation), but Wise says that’s not proof. In addition, Wise can/may/will terminate your account anytime and give you a three-day window to withdraw your funds. If you miss that window, the money is gone. We’ve been through that, and we were lucky enough to save almost 83K USD. However, what would happen if we missed that window?
- Sham companies like PaxFull.com will freeze 100 000 USD of your funds like nothing, all because you’ve sent a 200 USD payment to Iran. No warning, no option to unfreeze your balance. You have to fight to get it back. Otherwise, it’s a lost cause.
Moving money isn’t safe, but considering all things, we believe crypto is the lesser of all evils.
- No oversight
- No one controls your account (if you go about it the correct way)
- Nearly instant
- Low fees
While it’s not always the most convenient, learning crypto will make online dealing easier for you. Whether it’s on SWAPD or somewhere else. In the upcoming days/weeks, we plan to launch a series of tutorials for new members who want to try crypto but don’t know how.