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RE: Complicated || Frustrating || Necessary

I've used Binance for many years now and never found it as hard as I did the other day. I had to transfer a large sum and wanted it all on one transaction; doing it in $100 transactions would have taken me years. They should improve their process, it's not like they don't make enough money.

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Good to know that I'm not the only one struggling with them. The only time I had a big transfer was when my brother transferred to a bank account here in Ecuador. The bank had failed to notify us that he would have to put "Service Payment" as a memo, so the transfer bounced back - well, it didn't, it got stuck somewhere and took 2 weeks to be back in his account in Germany. Of course, nobody took responsibility, neither for the 100€ fees nor for the communication failure.

It's all far too complicated and then the tax liability for capital gains/income tax...it's a whole other issue again. I have a good accounting/tax firm though, so I'm all good.

Oh right, I always forget about that. Here it's kind of easy, as long as you can say where you got the money from. It's not so much about tax evasion here, as taxes are super low, but about laundering drug money.