Thread: Ethereum
View Single Post
Old 12th October 2021, 13:29     #898
Ajax
Architeuthis
 
^ If you're buying and selling XLM directly then you're subject to potentially severe price fluctuations. XLM has lost up to a third of its value in a couple of days during market crashes. Also, the cashing-out process at the AU end is not likely to be instantaneous unless you're using the same bank as the crypto exchange. Finally, crypto exchanges are often on thin ice with their banks and large transactions may attract a high level of scrutiny.

TBH, Paypal more or less addressed the problem over 20 years ago and because it's a centralised service it removes many of the moving parts and risks (i.e. multiple crypto exchanges and their liquidity levels). The higher fees are the price you pay for greater assurance.
  Reply With Quote