this is really the big problem in bitcoin community the transfer rate ! theres really a high price to pay but the solution here will be answer sooner or later and i hope a new ICO to be launch will be base on this and will give solution on every bitcoiner!
sample:COINS.PH wallet
CASH IN : almost a dollar for any amount
CASH OUT: 0.014% for minimum of 200 USD and fixed $2.8 for 200 USD below
MONEY TRANFER or BTC to BTC = $10 almost
CONVERTION : almost 160 usd difference on buy in and sell out of bitcoin
Topic: BITCOIN DISADVANTAGES - page 2. (Read 624 times)
- Very high shipping costs
- Very long delivery time.
- Very long delivery time.
Truth be told bitcoin fees are lower than wire transfer fees. Walmart is known for having lower wire transfer fees than other places and yet their fees are extremely high in comparison to bitcoin.
Bitcoin has an advantage in delivery time(transfer time), too. Wire transfers take two business days, much longer than the average bitcoin transaction.
For bitcoin versus credit card comparisons, some type of btc to card conversion service might be the way to go, if it can be done affordably.
Here is another chart containing wire transfer fees for banks and credit unions (compare to bitcoin/crypto transfer fees).
The solution is 2 layer scaling. The question is what will do a better performance Bitcoin or maybe Bitcoin cash? crypto is here to stay and will be mainstream soon
- Very high shipping costs
- Very long delivery time.
I think if this can not be overcome, it will be difficult to make bitcoin as the world currency.
Both of these issues remain my mind whether anyone can cope or never will
- Very long delivery time.
I think if this can not be overcome, it will be difficult to make bitcoin as the world currency.
Both of these issues remain my mind whether anyone can cope or never will
Can you please explain further what you meant by very high shipping cost and very long delivery time?
- Very high shipping costs
- Very long delivery time.
I think if this can not be overcome, it will be difficult to make bitcoin as the world currency.
Both of these issues remain my mind whether anyone can cope or never will
- Very long delivery time.
I think if this can not be overcome, it will be difficult to make bitcoin as the world currency.
Both of these issues remain my mind whether anyone can cope or never will
Jump to: