Revolut (in Sweden at least) has now made it impossible to withdraw BTC to a hardware wallet because of "security". Had to try various methods to get the BTC out and eventually found that using OKX wallet works. From there, I could then send the BTC to my hardware wallet.
During the past year, Revolut has increased the controls and restrictions for withdrawing BTC (it seems they have been forced to do so), and today I wondered whether it soon will be impossible to withdraw at all. Will be careful not to store too much on there.
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Grade: **B+** (Solid observation of centralization risk.)
KYC and AML is the attack vector the bankers are using to control bitcoin.
They need to drive as much demand into paper bitcoin as possible and look you in their system.
This accomplish two things:
1 Demand for real bitcoin never need to hit the spot market, and the price is easier to control.
2 Bitcoin bankruns or run on exchanges are mitigated.
Bitcoiners unknowingly OK with this know not what they do.
Bitcoiners knowingly OK with this are enemies of bitcoin.
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Couldn't any wallet or address could be a hardware wallet.
If you don’t want to buy peer-to-peer, you should try to buy your bitcoin from Bull Bitcoin, which has recently expanded into Europe. I use them in Canada and they are excellent.