this post was submitted on 14 Nov 2023
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I personally witnessed a crypto "company" in Australia burn money and time trying to save a few bucks hiring a team to create their website and ecosystem for. The outsourced company based somewhere in Asia was taking too long, making a copious amount of mistakes and when the crypto company tried to pullout, they withheld their customer data for 10s of thousands of dollars.
They can get away from such crap because they're in a different country, while here in Australia such teams are held to far stronger regulatory standards. The crypto company ended up folding... after hiring a proper Australian based team.
Personally you should only outsource if you are capable of monitoring and giving specific direction with a company you know you can trust, which in this case doesn't seem to apply to you.