Get the latest cryptocurrency news, updates, values, prices, and more related to Bitcoin, Ethereum, Dogecoin, DeFi and NFTs with pakcoinworker crypto ...

Post Top Ad

Saturday, 24 April 2021

Thinking of buying something with BTC? In order for vendors not to go broke they have to raise the price.

I see a lot of people claim to be using BTC to buy things. It's hard to believe any vendors are taking it with these fees. If they do take it they would be forced to add at least another $20 to the transaction to cover the fee when they move the coins. Want to buy a 8TB hard drive which costs $150? Vendor would need to charge you at least $170 for it with BTC. Probably more the way things have been lately. Before you say well they can just use a payment processor you thing a payment processor is going to eat the fees? No they will pass it on to the vendor or the person doing the tx. Who is willing to pay an extra $20 or more on top of their tx fee for an item? I'm sure as heck not. Not even willing to pay and extra 20 cents. Luckily with BCH you don't have to.

Before the LN shills show up and say just use that well LN was never designing for sending more than around $40 in the first place. Getting $150 to route would be a crap shoot assuming you don't need to pay a fee or 2 to open a channel in the first place.

submitted by /u/FUBAR-BDHR
[link] [comments]

from Bitcoin - A Peer to Peer Electronic Cash System https://ift.tt/3ew1LRI

No comments:

Post a Comment

We have received your message and would like to thank you for writing to us, we will reply by email as soon as possible.

Talk to you soon,
[Pakcoin Worker]
[Pakcoin Global]