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/biz/ - Business & Finance

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14050619 No.14050619 [Reply] [Original]

Does anyone else use Binance as a bank?

I got really pissed off with US Bank because I kept overdrafting my account even though I opted out, and the same thing happened with my credit union when I got a debit card.

Now whenever I get paid I go deposit my whole paycheck in Binance. I currently have a balance of $76K, but initially started with a balance of $18,000. Additionally, whenever I need to loan anybody money I can just make an instantaneous trade for an alt and make interest to top it all off.

>> No.14050631

>>14050619
Online bank accounts usually have no fees at all and no ability to overdraft. Pretty comfy knowing no matter what, there will be no fees.

>> No.14050768
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14050768

>>14050619
>not using crypto as you bank
Fuck banks. They will over draft your account with some large fee and then charge another fee, daily, while it's over drafted. How is this even legal? This happened to me twice.
Or they freeze your funds, during non business hours, because you are trying to buy something online.

>> No.14050806

>>14050768
Based linkie

>> No.14050868

>>14050619
Is that money insured? Be careful. If your account gets hacked then you're fucked. If an actual bank account gets hacked then you're usually fine. My European bank is dirt cheap (all transactions within the EU are free), I don't pay for my debit/credit cards, I have my accounts set up to automatically prevent overdrafts etc. so I don't really have a need for Binance as a bank.

>> No.14051043
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14051043

>>14050868
>>14050631
It's a parody guys. Pic related.

>> No.14051215

>>14050619
When I was that poor I used Simple bank, they claim to be crypto friendly and they have NO overdraft fees ever. Even if somehow you overdraw your account with an authorization charge that finalizes for a larger amount (like gas stations, that's how I did it) they don't charge you a fee. Also, their budgeting tools are fantastic and easy to use, you can easily see how much will be left from your paycheck after all your monthly bills savings goals are subtracted

>> No.14051308

>>14050619
How do you pay for your groceries?

>> No.14051365

>>14050619
>claims to overdraft bank acct
>claims his binance has 76k in it
>muh binance is muh bank
2/10 poorfag larp detected

>> No.14051375

>>14051043
Oh. Made myself look like a newfag.

>> No.14051391

>>14051375
you can't be aware of everything

>> No.14051427

>>14050768
This.

>Hey anon, we detected an out-of-state purchase on your debit card so we cancelled your card and you will receive another one in the mail in 4 - 8 weeks

>what the fuck, I'm just visiting friends, turn my mother fucking card back on, now I can't even use an ATM

>It's bank policy sir

>> No.14051806

>>14051391
>>14051375
Get a room you faggots

>> No.14051975
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14051975

>>14050868
>Is that money insured? Be careful.