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I do use Vexl and Peach, but when you live off bitcoin that then opens a whole new conundrum of compliance issues.

First, I usually need to exchange large amounts, which are hard to find offers for.

Second, and most importantly, when your entire income comes from random people's bank accounts, the bank will close my account, which is really something that I don't want to deal with.

I can deal with exchanges closing my accounts, but having my bank account closed is really a whole nother level of a fucked up nightmare.

Hynek 4mo ago 💬 1

I always use cash instead of bank accounts. And for contacts and meetups.

But I don’t know your situation ofc.

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Hynek 4mo ago 💬 1

And for contacts attend meetups.

Pana - The Refuge Network State 4mo ago 💬 1

FYI, cash is getting looked down upon/questioned and refused (for withdrawal) in many countries off late. Not everyone has the privilege.

Hynek 4mo ago 💬 1

Good to know. We should hurry up with bitcoin adoption

Pana - The Refuge Network State 4mo ago

Meanwhile, we should make it a habit to stack cash as and when we can. Slow and easy does it.

Diacone Frost 4mo ago 💬 1

You can't use cash for a car or house purchase.

You can't pay your bills with cash.

You can't be paid by cash at work.

Not having a bank account is a major issue.

Hynek 4mo ago

You can have a leasing or mortgage. You can split the payments.

You can put cash on your bank account.

You can withdraw cash from your ATM.

If you don’t have an account than it is different story.