[rpmw]

Yeah this strikes me as odd too. My bank will instantly deposit transfers while the (free) ACH process takes time to clear. I can transfer up to something like $99,999 a day which is fine for my needs. At worst case a $15 fee to wire funds which I could probably get waived if I asked customer support nicely. There is also plenty of recourse in the unlikely event something goes wrong.

[m348e912]

With crypto you don't have to ask nicely, you just send. Being your own bank has it's advantages (and risks).

[rpmw]

Sure, but I'd say for just about every person the risks far outweigh the rewards. And IMO adding intermediaries to account for that risk seems an unnecessary abstraction given the current system.

[librish]

You have to ask the exchange to give you your fiat.