[rglullis]

> You really haven't explained why TransferWise is worse than your recommendation.

Transferwise uses rates close to what the central bank/governments is paying, which is far from the actual market rate. Plus the whole 6% fee.

> "breaking the law and exposing yourself to prison time"

I was going to call out this as FUD, but actually it's just you showing how you haven't been exposed to different systems.

First, whatever you do at an exchange needs to be reported and legally you will declare the income whether coming from the sale of crypto or an international payment order.

Second, you are thinking as someone who deals with a functional and not-so-corrupt tax authority. Your logic does not apply in a Banana Republic. All of these complex tax systems are full of loopholes precisely to give a way to do business that resembles normalcy to a privileged few. The ones that represent the institutions are in the game. The "strict rules" and threat of jail time only applies for those that oppose the corruption or that break their own internal code.

There is a reason there is a quote that says "For my friends everything, for my enemies the law." which is attributed to a Peruvian politician.