Not inherently. Stable coins are the most commonly used means for transactions. Proper stable coin selections (there are different kinds) offer a 1/1 exchange with the US dollar with an average variance of up to .0002%. We can help guide transactions that meet buyers and sellers approval, and maintain a standardized USD rate for brokers.
Yes. That isn't to say there's nothing to watch out for though, especially when using a self custody wallet. We teach you how to mitigate risk including additional layers of security for self custody wallets.
Think of this as holding funds in a bank (centralized exchange) vs holding funds in your wallet (self custody and using defi protocols). There are pro's and con's to both. The reputable central exchanges are safe, offer financial products that have greater returns than banks, but less than decentralized options. Funds can take longer to send or receive than decentralized platforms, but traditional banking firms will almost always certainly take longer. (Think days for banks, hours for CEX's, and seconds to minutes for DEX's)
Pennies on the dollar when set up properly. As an example, a $200,000 charter could be paid in USDC. The receiving broker pays nothing (vs a bank which charges to accept a wire), then converts those funds to US dollars (once again with nearly no charge when utilizing proper channels.) USD funds can then be sent to corresponding recipient banks (for no charge with participating institutions).
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