I have struggled to receive and store what i was earning online before because paypal doesn't accept registrations from our country and libertyreserve got shutdown, i also lost so much on it.
So basically for me bitcoin has been one of the best way to receive and store my online earnings as well as i am doing very good in crypto trading. I love BTC
Topic: Bitcoin Is Better Than Any Banks And Any Other Third Parties - page 6. (Read 5001 times)
Every year migrants around the world send billions of USD/EUR back to their families.The cost of sending cash via Western Union and Money Gram averages 10-20% in fees. However bitcoin is emerging as an alternative which offers lower fees and faster payments.
Bitcoin also helps allot for countries with high inflation to store value in Bitcoins.
Bitcoin helps for millions of people worldwide.
How bitcoin helps for your life?
Bitcoin also helps allot for countries with high inflation to store value in Bitcoins.
Bitcoin helps for millions of people worldwide.
How bitcoin helps for your life?
For me bitcoin is another great income source and a great way to invest my savings.
I agree with your thoughts about the lower fees,but i don`t know for how long the btc fees will continue to be lower than the other payment method transaction fees.
But bitcoin has another advantage, holding it may give you more profit.
When someone send you USD,for example, with PayPal, you get money in your local currency and not in dollar.
While a bitcoin sent is bitcoin received and a recipient may benefits from price fluctuations.
Op you are right, but tell me why we don't see bitcoin transfers dominating the remittance market?
We don't see Western Union, Money Gram or Ria filling bankruptcy papers do we?
Using Bitcoin is still confusing: first you have to buy BTC, then transfer it, and lastly your recipient needs to sell it.
Sending money through Western Union is filling one paper and that is basically it.
It is not a hard work to learn about sending and receiving money and yes it is true that you just need to fill one paper to send or receive money through Western union or money gram but what you are not telling is the travelling expense and the time you spend to reach the exchange and the long queues you have to stand to fill out the form finally ,with bitcoin you can control everything at the comfort of your surrounding . We don't see Western Union, Money Gram or Ria filling bankruptcy papers do we?
Using Bitcoin is still confusing: first you have to buy BTC, then transfer it, and lastly your recipient needs to sell it.
Sending money through Western Union is filling one paper and that is basically it.
Op you are right, but tell me why we don't see bitcoin transfers dominating the remittance market?
We don't see Western Union, Money Gram or Ria filling bankruptcy papers do we?
Using Bitcoin is still confusing: first you have to buy BTC, then transfer it, and lastly your recipient needs to sell it.
Sending money through Western Union is filling one paper and that is basically it.
We don't see Western Union, Money Gram or Ria filling bankruptcy papers do we?
Using Bitcoin is still confusing: first you have to buy BTC, then transfer it, and lastly your recipient needs to sell it.
Sending money through Western Union is filling one paper and that is basically it.
we can not affirm bitcoin better than banks, because bitcoin and banks has advantages and disadvantages, they are different, no one can be compared accurately. Bitcoin ensure convenient and fast, but it can not guarantee 100% safety. In contrast, banks more legal, more procedures and takes longer to carry out transactions, however, it ensures the safety of our transaction. If I were to choose, I would prefer a combination of Bitcoin and banks. This is excellent
Bitcoin would definitely be faster when sending money across countries. Fees may still apply when claiming the remittance but this is usually much lower than those from traditional money transfer companies. There are even cases when the fee is waived for or rebated to the sender. Hopefully this stay this way. I don't know the technicalities of mining but I'm seeing complaints of unconfirmed transactions. I've not been affected (the web wallet I'm using is supposed to also be our local exchange, whatever that means) but I can just imagine how it sucks. Hoping it will be fixed soon.
Bitcoin is not a local currency of any country and hence we need to pay atleast 5-7% conversion fee/withdrawal fee while withdrawing this currency via a bank in our local currency. However, it's still profitable for me as I live in India and we cannot send money via WU and Moneygram fee is also too high. But my family members are not even aware of this currency and hence they wouldn't be interested in receiving bitcoins instead of fiat. Only thing for me that has helped me a lot is selling my goods for bitcoins (physical and digital goods).
Actually I have been sending money to a relative before using Western Union.
Bitcoin was introduced to me so I changed the way I am sending money to the certain relative. I send the same amount every mount and this is what I did.
I am using the calculation that Western Union is using but with the use of bitcoin. So there would be an excess always. I keep those excess money until I reach a year. Will tell you how much it is after.
But I know I am saving a lot.
Bitcoin was introduced to me so I changed the way I am sending money to the certain relative. I send the same amount every mount and this is what I did.
I am using the calculation that Western Union is using but with the use of bitcoin. So there would be an excess always. I keep those excess money until I reach a year. Will tell you how much it is after.
But I know I am saving a lot. 
Every year migrants around the world send billions of USD/EUR back to their families.The cost of sending cash via Western Union and Money Gram averages 10-20% in fees. However bitcoin is emerging as an alternative which offers lower fees and faster payments.
Bitcoin also helps allot for countries with high inflation to store value in Bitcoins.
Bitcoin helps for millions of people worldwide.
How bitcoin helps for your life?
Well for me there is no need to compare bitcoins with the banks because first of all they have different purpose and very different from one another ! There is many services provided by banks that bitcoin dont have and If I were to choose with bitcoin and bank i will safely answer bank of course ! And what you are comparing is not bank ! western union or money gram is a money transfer service which is not really related with banking ! and if you will ask me which is much better with them I will confidently answer bitcoin of course ! Bitcoin also helps allot for countries with high inflation to store value in Bitcoins.
Bitcoin helps for millions of people worldwide.
How bitcoin helps for your life?
Every year migrants around the world send billions of USD/EUR back to their families.The cost of sending cash via Western Union and Money Gram averages 10-20% in fees. However bitcoin is emerging as an alternative which offers lower fees and faster payments.
Bitcoin also helps allot for countries with high inflation to store value in Bitcoins.
Bitcoin helps for millions of people worldwide.
How bitcoin helps for your life?
Bitcoin also helps allot for countries with high inflation to store value in Bitcoins.
Bitcoin helps for millions of people worldwide.
How bitcoin helps for your life?
For me bitcoin is another great income source and a great way to invest my savings.
I agree with your thoughts about the lower fees,but i don`t know for how long the btc fees will continue to be lower than the other payment method transaction fees.
Every year migrants around the world send billions of USD/EUR back to their families.The cost of sending cash via Western Union and Money Gram averages 10-20% in fees. However bitcoin is emerging as an alternative which offers lower fees and faster payments.
Bitcoin also helps allot for countries with high inflation to store value in Bitcoins.
Bitcoin helps for millions of people worldwide.
How bitcoin helps for your life?
Bitcoin also helps allot for countries with high inflation to store value in Bitcoins.
Bitcoin helps for millions of people worldwide.
How bitcoin helps for your life?
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