As foreign national residing in SA whenever my work permit expires pending renewal, the bank always close my account regardless of whether I have money in my account.
My last permit expired in February and on the verge of renewal then Covid hit us. So I have been rendered bankless and in fact this time before my permit expired I withdrew all my cash unlike last time they closed my account with my money in it.
Normally, I get angry and sad over the treatment but since I grow into crypto by the day and seeing the benefit of being in this space, I careless of being banked.
I am doing the same, banking my money in crypto but on a small scale though I don't have much anyway, the idea for me now is never to use my crypto any time soon.
So getting out of fiat and opting into crypto sits pretty cool and sweet with me.
Posted Using LeoFinance
That's a pretty shit experience, I didn't know they do that to people, It just shows more that when the money is in the bank its not your money or you'd always have your right to it regardless of your status. Borders and nationalities seem so old school now like why do we even need it in any case?
I am happy to spend my fiat on just what I need to live and the rest now goes into crypto, I'm not going to try overthinking it, just making sure I am comfortable with my percentages and safety storing my crypto.
This reminds me I need to do an audit and save all my keys and check them again to make sure all is in order. You can never be too careful
Your crypto your keys! Give your keys regular checks bro absolutely important!