Topic: Buying things with Bitcoin and transaction charges on crediting sellers wallet (Read 126 times)
September 08, 2018, 06:37:33 AM
if you feel like it is too expensive to use bitcoin then don't use bitcoin. stick to fiat purchases if you think they are cheaper. but if you want the reality, the transaction fees normally are 1 cent and the fiat transaction fees are so much bigger you will end up paying more than $3 at times.
September 08, 2018, 06:36:23 AM
Yes, unfortunately the price of things when buying with bitcoin will be a bit more expensive due to btc transaction costs.
August 10, 2018, 06:05:05 PM
I have a question about buying things in stores with Bitcoin. Won't this(buying things with Bitcoin) make the price of items cost more? I mean for instance, if you are buying something that costs $50 and you have to transfer the worth in Bitcoin with a charge of maybe $0.50 which makes the items cost more unlike buying with cash. Is something being done to prevent this? Because it will discourage people from buying things with Bitcoin if the charges are being considered by users.
There are transaction fees you need to pay when using bitcoin. But the fee is actually very small right now and quite negligible. And honestly speaking, it is totally worth paying the fee. Think how inconvenient it would have been to collect stack of cashes when trying to buy something big. Instead of carrying bundle of cashes you can just easily pay from your phone using bitcoin and paying a relatively very small amount of fee. 
August 10, 2018, 05:39:15 PM
it's true that it will make the price of goods more expensive, but if we buy for a long distance I don't think it's too expensive.
August 10, 2018, 05:34:19 PM
I have a question about buying things in stores with Bitcoin. Won't this(buying things with Bitcoin) make the price of items cost more? I mean for instance, if you are buying something that costs $50 and you have to transfer the worth in Bitcoin with a charge of maybe $0.50 which makes the items cost more unlike buying with cash. Is something being done to prevent this? Because it will discourage people from buying things with Bitcoin if the charges are being considered by users.
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