The Crypto Rip-offs

I hope anyone reading this has had a better experience dealing with Crypto. The first red flag that I experienced was how none of my banks would connect to the Plaid processing system so that I could send crypto transactions through them. When I finally found a bank that would do it, they made it very difficult as if they took it personal because I stepped out of the original box and tried another way to obtain financial success. One online banking account made it quite clear that doing any type of crypto transaction would cause them to cancel my account.

I spoke to a bank representative one time about crypto and he shocked me by saying that he knew nothing about crypto and how it worked. This guy was a manager but I soon figured out that he most likely played dumb to not have to discuss it over a recorded line. It seemed like the banks probably warned their employees not to promote or discuss crypto because they saw it as a direct threat to their livelihood and the traditional way of allowing them to continue to dominate and completely control the monetary system.

This entire feeling that I was entering a system without boundaries was quite apparent. The first company I dealt with was Coinbase, but after downloading the app, I could not get my bank connected and verified through Plaid, so I went to Crypto.com. This was another mistake because when I first signed up for the crypto.com app, they were giving phone support.

But after a few months and several changes to the crypto game following the huge crypto scam with Sam Bankman-Fried, crypto.com no longer offers phone support. Several companies have gone to AI instead of phone support and in my opinion, we were all doomed from that point on. So now I am on my own and struggling to get support for the crypto that I have left stored on a personal wallet.

I chose to put my crypto on a personal wallet instead of keep it online with Cyrypto.com because they put it all in a big pot and passed along the earnings and losses as the crypto coins go up and down on a daily basis, but keeping it on a personal wallet allows the value to stay the same and is the reason why I chose it. The personal wallet I chose was a Ledger Nano S. For anyone reading this, I do not recommend Ledger the company, or their Nano S or X products because they don’t give you the support you need in order to be successful using crypto. They do not offer phone support, instead, using a bot system that inevitably sends everyone to their web site in order to research the issue and ends up wasting lots of time.

So now I’m super frustrated because Ledger Live, the online pc based software system required to used with the Nano S, forced me to update the software, but now it erased all of my previous transaction and shows a zero balance on my account. At first I panicked, thinking that my crypto had been stolen, but after doing lots of research on my own, I realized that my crypto is still there on my Nano S, but I am having problems on how to access it. Anyway, there are lots of issues related to Crypto.com the company that I did successful transactions with because they were in control of my crypto all along, and I didn’t even know it.

For anyone thinking about getting into the crypto game, understand that it is a dirty and corrupted game because most of it is done online and in other parts of the world. Most of the companies you will be dealing with are in foreign countries, so true technical support will be non-existent.