Why Nostr? What is Njump?
2023-09-06 19:21:41
in reply to

Facundo on Nostr: Just chill, then you still have to transfer your own resources from your home country ...

Just chill, then you still have to transfer your own resources from your home country from your own account to your new account. Your original bank, were you had your account for like 100 years, will ask you a prove of address they accept and someone has to sign locally the transfer. You can't check "send all". You have to specify a value in the foreign currency. The exchange rate is unknown and will be stablish within 2 working days. So you have to account for variations in the exchange rate. The transfer has to be approved internally also. If the exchange rate oscillates to the wrong side, as it always does, the transfer is cancelled, because there aren't enough fonds. So repeat, now with more buffer. Now the exchange rate moves against you and your fiats keeps melting faster.
When the transfer is finally settled, wait for a week or two. Swift. Before you see your money in your new account, you get a call asking why is foreign money coming to your account. Please present a tax declaration transcription in the local language. Thanks got bitcoin. They asked for it.
Author Public Key
npub1a0e734ctxswlu9dcg2r5tfqyaua382z7d9zy3nxf2ztwn8g6cpvqrnghz0