There‘s a lot of questions people have when this happens, so I want to address them one by one.

First, people ask why I still use an exchange.

The answer to this is simple: because I need money in my bank account to pay my bills, just like any other normal person.

Second, people recommend just using P2P services.

But P2P services are even worse. Small frequent amounts from random people paid into your bank account will get you banned from any bank immediately as it throws an instant AML flag.

Third, people blame the exchanges.

Every exchange this has happened to me on (apart from one) has been exceptionally helpful and constructive. This is not the exchanges fault.

So lets blame the banks!

Also wrong. This is not the banks fault - it is the fault of laws that have turned banks into undemocratic policing vehicles. The banks hate these laws as much as we do - because it causes them to spend billions of $ on braindead compliance bros.

I think its important to direct our anger where it matters:

against the system that has been built to make this happen, and not against those enforcing it, as they mostly have no other choice ✌️