What do you use crypto for?

I moved to another country and I use it to send money back to my family in my home country.<p>It&#x27;s by far the cheapest and fastest option. It takes less than 30min to transfer between my bank accounts.<p>It works something like this Deposit-&gt;send from and to an exchange - &gt; convert to local currency - &gt; withdraw into bank account<p>The total cost ends up being about 1.5% including the exchange rate. With my normal bank it takes up to a week and the total cost ends up being about 4~6% Even if I was converting currency at an airport the exchange rate tends to be worse than 1.5%

Just my impression but the single biggest use of crypto has to be speculation --- hoping that a bigger fool will pay more than you did.<p>In every crypto use case I have examined, the overall total cost of crypto transactions fees actually exceeds that of fiat. If this doesn&#x27;t appear to be true, it is usually because the final fees required for the recipient to convert a crypto payment into practical real world currency are being ignored.

losing money and complicating my otherwise straightforward tax returns?