• So far last night I set up a Coinbase account in the UK (where I have a real bank account) and I set up a bit2c.co.il in Israel (where I also have a personal bank account). The Israeli site is ready and I’m just waiting for the £2 transfer to Coinbase to complete. Then I’m planning to send £500 via bitcoin to myself in Israel and £500 from my NatWest bank account direct to my Israeli bank. I’m really curious as to the costs and speed. Bitcoin option should be way quicker. The issue for me, and the reason this is still a toy: for business I send $50k to $150k to USA every week or two. Last weekend HSBC, after 10 years, just arbitrarily shut my bank account. I’m hoping to have an alternative one set up but I still don’t think I can regularly transfer these sums via crypto. If someone knows different, let me know! Brian

  • naomibrockwell Much easier to transfer large sums via crypto, and not as expensive :) 6 months, 4 weeks ago
    bitbacker From following @brianoflondon 's travails, I think the transaction of BTC <-> USD is still a major bottle neck. 6 months, 3 weeks ago
    bitbacker BTC is much easier and much more secure, but that only really manifests if you keep your holdings in BTC. 6 months, 3 weeks ago
    bitbacker One option is to keep a large sum of BTC for these transfers, but to hedge the positions with futures to avoid the <-> bottleneck. 6 months, 3 weeks ago