Topic: BITCOIN IS BETTER THAN WESTERN UNION ? - page 3. (Read 70016 times)
If tih have been sending fund via western union before and you suddenly found yourself using Bitcoin to transfer fund you won't want to gonbaxk to using WU, because its Bitcoin is fast, less cost and reliable. The only challenge is you need to sell and for someone who needs to but
Western Union is one of the reasons why bitcoin was made. Bitcoin was designed to transfer money from one currency to another with lesser fees. This was applicable only during the early ages of bitcoin. As the value of bitcoin increases, so does the fees. Now the fees are just crazy. And because a lot of people are using bitcoins, the transaction are getting longer to confirm.
The way I see it bitcoin is way more better than western union because bitcoin has a lot of advantages compared when transferring money using western union. Sending money with bitcoin you can remain anonymous along the process while the other need all the information about you and you need an ID when claiming the money.
The thing about WU that puts frowns on the faces of people is with the fees they charge. At times, they seem a little too much. Because of that, there is no wonder why Bitcoin stood higher in the statistics.
both work differently .. but when you think about online transaction bitcoin must better
but now bitcoin have some disadvantage like , Bitcoin has lot of charge and and its take lil bit time to complete the transaction
another point is its secure and you can hide your identity ...
but now bitcoin have some disadvantage like , Bitcoin has lot of charge and and its take lil bit time to complete the transaction
another point is its secure and you can hide your identity ...
In terms of remittances I think bitcoin is more better than western union with the help of blockchain wallet. In bitcoin you can send money no matter where you are as long as there is a internet connection; fast, smooth and no manual procedures needed which is a great convenience for everybody which the western union does not have.
Yes, but the common bitcoyne is still better than the Western Union when it comes to remitting money, because it gives less fess and it quickly.
Western Union is a international remittance center in the whole world. I think bitcoin is more better than them. Since bitcoin provides a no transaction charge in all trades or transferring the amount. As long as your bitcoin wallet is same to the sender. They provide a smooth and fast transaction which you can save more time and less effort.
Bitcoin is enlarged than not single handedly western sticking to but further more than any added the same further. There will be era when people will find the money for in know the minister to of Bitcoin and will quit usage of western bond by and by.
I need the answer to this question because I have family that I send to every month
If you need the answer to this question then you have to read this furom carefully amd study about bitcoin and then you already know about the answer. Bitcoin is realy more secure and faster than wistern union with a low transaction fee and hussle free unlike wistern union.
Not really, Western union has the abiluty in which the sender can track and identify who is the reciever. Western union is secured in transferring money. Yah, There are some mistakes of their service but in securing money, Western union can do it. But Bitcoin is good. Securing money through Bitcoin is so nice. You can send Bitcoins anonymously, you doesnt need to put who are you.
I need the answer to this question because I have family that I send to every month
Unfortunately with bitcoin's current inefficiency (transaction cost and time are insane now) I am afraid that many people will turn they backs on bitcoin. It has been becoming a store of value only as of lately, but if the day comes that the value disappears or largely deminishes, I am afraid nothing will remain.
The bottom line is that bitcoin has been losing its currency properties over the years and what is left (store of value characteristics) may disappear as well.
The bottom line is that bitcoin has been losing its currency properties over the years and what is left (store of value characteristics) may disappear as well.
You can not say that bitcoin is better than the western union but bitcoin is much higher compared to real money. But we can not say that the bitcoin is better because many people do not know it. And the western union is trusted by many citizens.
I think there is no doubt Bitcoin is hundred times more better than any existing money transfer services in the market.I often use bitcoin to send money and receive money and it is cost effective,fast,secure and easy to perform than other methods.
I do not think so. Bitcoin has a lot of flaws.
Firstly, this is a large commission for small payments.
Secondly, payments are not always fast. For example, my last payment of $ 50 came only a week later.
Firstly, this is a large commission for small payments.
Secondly, payments are not always fast. For example, my last payment of $ 50 came only a week later.
As I might want to think, Western Union ends up being a more secure technique for money trading and paying.Regardless,Bitcoin is obviously better due than its low trade charges, incredible security and straightforwardness.
In my experiences after transacting with both, I can say is that Bitcoin is much better than Western Union. My reason for that is because every time I transact through Western Union they charge a lot just to send an amount making me spend more than the amount that I only need to send. When compared to Bitcoin yes there might be some blockchain fee but at least its not that high compared to what Western Union is asking.
Bitcoin offers anonymity. It secures the person sending and receiving the money. It has a near perfect math algorithm that is hard to hack. There are no secret or surprise fees to be paid. If there happens to be a fee then the fees are low to almost zero. It is direct meaning no middleman. No reason for your money to be lost in the system. Just for these few reasons that Bitcoin is better than Western Union.
Everyone has different views about Western Union with Bitcoin.
But I have the same opinion with you that bitcoin transactions are still better than Western Union, especially the cost and legality factor of the sender and receiver, the cost of bitcoin transaction fees is cheaper when compared to Westren Union, and for ID legality is certainly not very important for bitcoin transactions . And the reason why bitcoin is better than WU in my opinion.
Bitcoins is the best for transaction because it is very convenient at your finger tips using your cellphone will do plus you can make transactions anytime anywhere even at your home even at midnight unlike western union mostly you can transact only in the day then not all places have a WU branch plus you need to travel to make a transactions to that branch.
Bitcoin offers anonymity. It secures the person sending and receiving the money. It has a near perfect math algorithm that is hard to hack. There are no secret or surprise fees to be paid. If there happens to be a fee then the fees are low to almost zero. It is direct meaning no middleman. No reason for your money to be lost in the system. Just for these few reasons that Bitcoin is better than Western Union.
Everyone has different views about Western Union with Bitcoin.
But I have the same opinion with you that bitcoin transactions are still better than Western Union, especially the cost and legality factor of the sender and receiver, the cost of bitcoin transaction fees is cheaper when compared to Westren Union, and for ID legality is certainly not very important for bitcoin transactions . And the reason why bitcoin is better than WU in my opinion.
Jump to: