:)The major advantage of bitcioin is that you can transfer the money yourself. The disadvantage is that it is not widely used.
Nope currently bitcoin has started to be widely used. If you want to transfer to the world. You just say "accept bitcoin". I'm sure they'll accept bitcoin
Topic: BITCOIN IS BETTER THAN WESTERN UNION ? - page 6. (Read 70016 times)
Bitcoin is better than western union because it is not centralized and it's fees per transaction is relatively less than western union, plus Bitcoin provides anonymity that western union cannot.
Yes it is easy to transact with bitcoin,maybe this will be used to all electronics payments,exchanger and all transactions that can be used as easy conecting to all network kinds of payments.its easier to transact because you can used it through hand phones.
It will for sure in the future. Because if establishments or businesses like WU will not adopt bitcoin, it will kill their business once the people knew about bitcoins fast transaction and still quite low fees when sending remittance to other people. And now bitcoin is no doubt better than any other payment processor.WU did enter to the business of remittance earlier than bitcoin and they did a massive advertisement to let the people know their operation is being covered worldwide but once the people started to go with bitcoin. They will realize that there is something new that is going to beat their business operations and that is bitcoin.
I'm not surprised. Western union has really ripped me off so many times, thanks to bitcoin. The transaction fees and other deductions while sending via Western union is too much and annoying. Despite that the stress of transacting via Western union can also be appalling. I have been to the bank before to do a transaction, ended up with a long queue for hours, only to be told that the transaction limit for western union in my country has been reached. Now they can kiss my ar**.
I've used both of them and both of them have advantages and disadvantages, not all people know how to deal with bitcoin how to make transaction and how then to convert to cash!
If you send by bitcoin the other party need them in cash, what's the best, cheapest, fastest way to do this? As far as I know every service charges at least 1% doing this, maybe sometimes it worth more to send cash-cash rather than in bitcoin.
I'm not surprised. Western union has really ripped me off so many times, thanks to bitcoin. The transaction fees and other deductions while sending via Western union is too much and annoying. Despite that the stress of transacting via Western union can also be appalling. I have been to the bank before to do a transaction, ended up with a long queue for hours, only to be told that the transaction limit for western union in my country has been reached. Now they can kiss my ar**.
I've used both of them and both of them have advantages and disadvantages, not all people know how to deal with bitcoin how to make transaction and how then to convert to cash!
If you send by bitcoin the other party need them in cash, what's the best, cheapest, fastest way to do this? As far as I know every service charges at least 1% doing this, maybe sometimes it worth more to send cash-cash rather than in bitcoin.
Lol, ikr ! Western Union fee is really ridiculous, so damn high. The last time i use Western Union, the fee is really pain. That's why i stop using wester union and i rather use bitcoin than western union. Easy to use, low fee and fast to receive are the reason why i pick bitcoin.
There are several reasons why people continue to use the Western Union, despite their sky high fee. They have a very good reputation, and the legality of the transaction is never under doubt. But if you make a transaction using Localbitcoins, there is a small chance of getting conned. Also, sometimes the tax authorities can show up and ask the source of the bank deposit.
Western Union is an emergency service and the fees reflect the fact. If your friend or family is far from you and needs funds fast, Western Union can make that happen, but you will pay quite a fee to do so. Bitcoin can maybe get the funds to them just as fast, but the person needs to have a Bitcoin wallet and then they have to be able to convert them quickly to FIAT
One of the problems which I have faced while trying to convince my relatives to use Bitcoin for international remittance is the volatile exchange rates. The exchange rates can fluctuate as much as 5% during the 1-2 hours, which is needed to confirm the transaction. Legal aspect is another issue. Most of my relatives are reluctant to use BTC, because the legal status is unclear in both the country from where they are sending the money (United Arab Emirates), and the country where the recipient account is located (India).
Lol, ikr ! Western Union fee is really ridiculous, so damn high. The last time i use Western Union, the fee is really pain. That's why i stop using wester union and i rather use bitcoin than western union. Easy to use, low fee and fast to receive are the reason why i pick bitcoin.
There are several reasons why people continue to use the Western Union, despite their sky high fee. They have a very good reputation, and the legality of the transaction is never under doubt. But if you make a transaction using Localbitcoins, there is a small chance of getting conned. Also, sometimes the tax authorities can show up and ask the source of the bank deposit.
Western Union is an emergency service and the fees reflect the fact. If your friend or family is far from you and needs funds fast, Western Union can make that happen, but you will pay quite a fee to do so. Bitcoin can maybe get the funds to them just as fast, but the person needs to have a Bitcoin wallet and then they have to be able to convert them quickly to FIAT
If you want quick tranfer for money and with lowest possible fee,bitcoin is best than any option available but bitcoin is also irreversible which makes you prone to get scammed if you are not experienced.
:)The major advantage of bitcioin is that you can transfer the money yourself. The disadvantage is that it is not widely used.
It's a decentralized function of bitcoin. You control all your bitcoin without the intervention of others like transfer you do it yourself whenever you want
It's really good information its almost near to PayPal good going bitcoin soon the bitcoin holder will be wealthy person in world. But in real world transaction wester union better than bitcoin because lots of of illiterate believe in western union
I'm not surprised. Western union has really ripped me off so many times, thanks to bitcoin. The transaction fees and other deductions while sending via Western union is too much and annoying. Despite that the stress of transacting via Western union can also be appalling. I have been to the bank before to do a transaction, ended up with a long queue for hours, only to be told that the transaction limit for western union in my country has been reached. Now they can kiss my ar**.
Yes dude, bitcoin is the most practical payment method. No need many procedure to sent bitcoin. One advantage that makes bitcoin is better western union is because bitcoin is such as good investment. 
Lol, ikr ! Western Union fee is really ridiculous, so damn high. The last time i use Western Union, the fee is really pain. That's why i stop using wester union and i rather use bitcoin than western union. Easy to use, low fee and fast to receive are the reason why i pick bitcoin.
There are several reasons why people continue to use the Western Union, despite their sky high fee. They have a very good reputation, and the legality of the transaction is never under doubt. But if you make a transaction using Localbitcoins, there is a small chance of getting conned. Also, sometimes the tax authorities can show up and ask the source of the bank deposit.
I'm not surprised. Western union has really ripped me off so many times, thanks to bitcoin. The transaction fees and other deductions while sending via Western union is too much and annoying. Despite that the stress of transacting via Western union can also be appalling. I have been to the bank before to do a transaction, ended up with a long queue for hours, only to be told that the transaction limit for western union in my country has been reached. Now they can kiss my ar**.
Lol, ikr ! Western Union fee is really ridiculous, so damn high. The last time i use Western Union, the fee is really pain. That's why i stop using wester union and i rather use bitcoin than western union. Easy to use, low fee and fast to receive are the reason why i pick bitcoin.
I'm not surprised. Western union has really ripped me off so many times, thanks to bitcoin. The transaction fees and other deductions while sending via Western union is too much and annoying. Despite that the stress of transacting via Western union can also be appalling. I have been to the bank before to do a transaction, ended up with a long queue for hours, only to be told that the transaction limit for western union in my country has been reached. Now they can kiss my ar**.
Lol, ikr ! Western Union fee is really ridiculous, so damn high. The last time i use Western Union, the fee is really pain. That's why i stop using wester union and i rather use bitcoin than western union. Easy to use, low fee and fast to receive are the reason why i pick bitcoin.
I'm not surprised. Western union has really ripped me off so many times, thanks to bitcoin. The transaction fees and other deductions while sending via Western union is too much and annoying. Despite that the stress of transacting via Western union can also be appalling. I have been to the bank before to do a transaction, ended up with a long queue for hours, only to be told that the transaction limit for western union in my country has been reached. Now they can kiss my ar**.
:)The major advantage of bitcioin is that you can transfer the money yourself. The disadvantage is that it is not widely used.
I think compared to the current western union user, certainly much more bitcoin. Western union seems to have begun to be abandoned. And the WU office in my town is closed is enough to prove it
I think its bitcoin better than western union because have feauture does not have western union. Bitcoin easy to transact you can send and recieve money where ever you are and anytime. And less hassle because you cannot go to remittances center to send and recieve money. And I think until now the transaction fee in bitcoin is more cheap than western union. Many people as of now use bitcoin for they transaction.
Money payment system .
Since you can see in the image that Bitcoin is at up in comparison of the many currencies , from western union .
Here this is only due to the tax system , in the Bitcoin we don't need to pay tax directly , but if we are selling and making money then we need to pay tax , so hopefully the many no. Of the person are coming in this field and are using of the Bitcoin for the worldwide payment .
So here we can think that it may be possible for the Bitcoin that after 10 year it will be at the top .
Oh nice but that was 2015? can someone also update that new data. Maybe i think it is over paypal now?. Because Paypal was the 1st transaction for online users back when there was the clickads style is anyone remember that? I dont really wish to be it number one but i think with it's current success there is a high chance that it can be placed in the 4th or 5th place in the payment transaction networths.
Yes it is easy to transact with bitcoin,maybe this will be used to all electronics payments,exchanger and all transactions that can be used as easy conecting to all network kinds of payments.its easier to transact because you can used it through hand phones.
It will for sure in the future. Because if establishments or businesses like WU will not adopt bitcoin, it will kill their business once the people knew about bitcoins fast transaction and still quite low fees when sending remittance to other people. And now bitcoin is no doubt better than any other payment processor.Jump to: