Why I Personally Prefer Cryptocurrencies over Scummy Banks

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There are many people who are still in the traditional mindset of working hard, putting your money in the bank and collecting your interest. I'm not one of those people. As a matter of fact I say screw the banks. Especially the local ones, in the country I live with all of its natural beauties, but shitty financial situation. over the past years, banks have been trying to screw me over many times as a client. Not me personally, everyone. To be exact everyone trying to save their funds in the less inflationary currency, the USD. Our local currency has been depreciating in value faster than you can say "corruption".

To combat this era of inflation banks have been forcing rules on us USD holders, without any choice for the client. Most rules weren't even of the take it or leave it variety. It was just "take it", because you literally can't take your money out without some kind of special permission. At first they started with introducing absurd monthly fees for "service". Then withdrawal fees followed soon after. Eventually we also had a withdrawal limit of $100 a week. In a society that is not yet fully cashless, this is a BIG problem. That means that all the people who tried to escape inflation by exchanging to foreign currency have their own money being held captive by banks. The same money that is becoming less due to fees that outweigh interest, but you can't withdraw all of it.

What I hate the most about this is the vague reasoning given by banks. I haven't heard a single thing that makes actual sense or is transparent enough to be acceptable. Banks have shown their true colors more than ever before here, meaning that they give zero fucks about the "customer", and only care about their bottom line.

This is why I would rather risk some money in cryptocurrency, even if it's volatile, everything is public, and there are no centralized glorified scummy middlemen deciding to change the rules whenever its convenient for them. The rules are clear as day in the blockchain. If it was possible to pay for most things in crypto or not as hard to move foreign currency back to my country after moving it out to buy crypto, I would probably have more of my funds in Bitcoin and or Ethereum, but alas, I still need to leave some on the banks, to survive here.

For now that is.

Why do you hate your bank?

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