Update: I had to choose between a regulated crypto exchange and a P2P platform for moving my savings.

I went with the P2P option because I refuse to let a bank decide what I can do with my own money. It took about 48 hours to complete the transaction, but now my funds are in a wallet only I control. Has anyone else made a similar switch recently and had issues with transaction limits?

3 comments

3 Comments

angelaw7815d ago

Only I control" is the scary part for most normal people. You're one typo or one bad phone drop away from losing everything with no way to get it back. That safety net from a real company is worth a little hassle sometimes.

park.miles16d ago

Only I control" sounds great until you forget your own wallet password. I made that mistake once and it was a whole thing. Limits are annoying but at least you can call someone when it goes wrong.

gibson.morgan16d ago

Honestly, the control argument is what pulled me to P2P as well. I read a forum thread last week where several people hit sudden, unexplained transaction limits on regulated exchanges right when they needed to move larger amounts. That kind of surprise is what I want to avoid. The trade-off is definitely the lack of a help desk, so I keep my recovery phrase in a fireproof box. It took me a bit longer than you, almost three full days, for my last big transfer.