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by scoopertrooper
1812 days ago
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Every bank will reimburse you in the event of getting hacked or fraudulent withdrawals (to varying degrees), so withdrawal limits reduce their liability. Bitcoin doesn't provide any protections in the case of your money being stolen, so it doesn't impose any limits. Depends what you prioritise I suppose. |
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Fraudulent withdrawals (eg: check forgery, ACH fraud) are caused by the nature of our high trust banking system.
Account takeovers are easiest to pull off via social engineering vectors.
Alternatively build a good key management UX and don't talk to any Nigerian princes. I'd rather prioritize that.