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Joined 30 days ago
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Cake day: August 25th, 2025

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  • yeah but if I have 30k in my bank account and it gets stolen from the bank then I have a stronger possibility of getting it back via insurance. There’s no insurance for crypto.

    Now if I carry around 30k in my wallet and I either lose it or it gets stolen then that’s on me. But no one in their right mind is going to do that. So even if you keep your crypto worth 30k on an external drive and you lose it…that’s still on you. With Cash I have an option to keep it somewhere safe and more secure than my personal wallet. With Crypto I don’t have that option.

    Also If I buy something with my debit or credit card there are safety measures in place in case I get scammed or what have you. I can charge back. Hell here in Canada we have something called Interac Money Transfer where we can transfer to anyone with a Canadian bank account and even that has protections. So you buy something off marketplace site and ends up you got scammed then you can recover your funds with Interac since the majority of people do transactions for that stuff that way. Again, I don’t have that option with Crypto.

    I’m by no means an expert on crypto stuff, I have used it to buy some things in the past or get paid but It’s an immediate cash > crypto > cash sort of deal. Any crypto that does go into a wallet is immediately used or converted to cash.