Complicated || Frustrating || Necessary
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Continual improvement is something I work towards every day - I fail because I'm human like you are but succeed a lot and learn from the failures, so that's ok.
One of the areas for improvement is my financial position, *creating a solid and sustainable financial future which I call "financial freedom." I'm close, but there's always more work to do. It means going without sometimes, diverting funds to investments that will grow and offer returns and that means tough decisions now for the greater good later...the potential of a greater good.
Recently an investment opportunity surfaced and after a lot of thought (and discussions with my financial planner and accounting firm) I decided to move on it. It's private, but essentially brings potential for very strong growth, sustainable growth, and it meant the complete avoidance of capital gains tax although the funds, a significant amount, would be locked away for a little while; I was ok with it to save the alternative of a huge tax liability.
So, I exited some funds from a crypto exchange...and that was a fuggin' nightmare.
I did test transfers to my Trezor wallet device and another wallet which went through - all good - and then...account suspended after I tried to do a bulk amount.
I could transfer nothing for 24 hours because apparently I was transferring to "scammers or under duress" which I was not because they were my own wallets, whitelisted on the exchange previously. I know the exchange was looking out for me but fuggin' hell it was difficult to work around.
I spent time on an exchange chat-thing telling an AI cunt they were a cunt until they decided to transfer me to a live person.
From there it was easier although I had to do a verification thing on the exchanges' app that involved facial recognition, blinking, nodding, head from side to side...goddamn it! That worked though and my account was immediately unsuspended. The non-AI person on the chat was still there when I got back, I was sent a form to fill out that basically said I accept all liability for transferring to those addresses, even though I'd whitelisted them anyway, and that was that...transfers made.
Cybersecurity is a massive deal.
Whether it's personal information security at a home level or banking, crypto and information held with companies and governments, the ramifications of it not being effective can be huge. This was the case with me recently when the sums I was transferring were considerable. Losing it would have been catastrophic. Fortunately it worked out and unfortunately it was fuggin' ridiculously complex and stressful...there was a moment when I thought it was locked up forever though. I think there's room for some improvement and I don't think the excuse, "it's early days of crypto," passes muster anymore.
Have you had similar with your crypto transfers and trading, even with your fiat currency? Have things gone wrong, funds been lost, processes complicated and frustrating? Feel free to talk about it in a comment below if you're keen; you don't have to be specific, it's best you keep it generic and non-personal.
Design and create your ideal life, tomorrow isn't promised - galenkp
[Original and AI free]
Image(s) in this post are my own
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