Do you pay with crypto??? | Bitcointalksearch.org

virasog

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Quote from: DanWalker on November 22, 2021, 04:31:49 PM

Sure, If I work something online with someone, I offer them crypto first as a payment. If he refuses to take the crypto then I pay in local currency. Most of the time I use Ripple as payment because we have Ripple support here at the bank. If the block fee is low, I sometimes use Bitcoin to make payments. In addition, I use Bitcoin to make purchases from online (for example: gift cards, virtual cards).

Same here. I prefer to pay in crypto if the option for the payment in crypto is available. However, i prefer to pay in litecoin to save on the transactions fees. Also, i prefer to transfer from exchange to exchange to my friends or relatives and it has a zero transaction fee.
The sad thing is that still on many online sites the payment in crypto is not enabled and i do not prefer to use my credit card online.

Lorence.xD

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I still pay for my daily stuff with fiat, most of my crypto are investments and I don't really like spending my investments because I know that I could get more profit hodling it or trading it rather than spending it. Plus, there's not a lot of places that I can use my crypto to buy my daily needs in my city so what can I do besides following the norm.

molsewid

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Quote from: peter0425 on December 09, 2021, 09:31:41 PM

There are many coins that has very cheap fees that you cannot almost feel when you send or transact , though talking about Bitcoin or Ethereum is the bad idea to use for payments when there is congestion happening .
means try to prevent using those 2 coins for a while until the season ended and return back after the rampant use because Miners take this advantage to gather profit from trading .

Ethereum is such a bad idea to use for payments because of the gas fee, imagine you're paying a lot on your transaction fees than on the product or item that you're going to buy. So far, I haven't tried to use crypto as a mode of payment though yes when it is transacted inside the platform or like when you buy NFTs, or in-game characters this is where I have tried to use crypto as a payment but in real cases like purchasing products and services never have I tried it.

IQnawaz123

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Cryptocurrency is more secure than credit or debit card payment.

RavenTimmy

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If there is an option, I prefer to pay with my crypto coins.

peter0425

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Quote from: yurekaa on December 09, 2021, 07:17:14 PM

right now, i don't see the great cryptocurrencues to pay, we can see that bitcoin transfer, or anything cryptocurrencies transer need the fee, that fee right now is huge for me, imagine if we make 20 transactions a day, how much wee need to pay for it, i hope in the future, there are cryptocurrencies that need 0 fee or very very low fee, and when it happens, it will make a big changes in bitcoin world

There are many coins that has very cheap fees that you cannot almost feel when you send or transact , though talking about Bitcoin or Ethereum is the bad idea to use for payments when there is congestion happening .
means try to prevent using those 2 coins for a while until the season ended and return back after the rampant use because Miners take this advantage to gather profit from trading .

yurekaa

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right now, i don't see the great cryptocurrencues to pay, we can see that bitcoin transfer, or anything cryptocurrencies transer need the fee, that fee right now is huge for me, imagine if we make 20 transactions a day, how much wee need to pay for it, i hope in the future, there are cryptocurrencies that need 0 fee or very very low fee, and when it happens, it will make a big changes in bitcoin world

kaya11

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Only in times of need I paid my due with BTC. But if not I only use cash in my pocket. Since I am mining eth, I also use it for paying my monthly bills. I can say this time of year is a times of need, whether you pay it cash or with crypto, pandemic did land a good beating on me and most of my savings are gone. Thankfully the ones that I save was a great a help since I sold most of my portfolio at high price so I did pay most of my expenses with crypto.

noah tall

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I would like to pay crypto for purchasing something but these facilities are not available in my country so i cant pay it . But i change the crypto to my local currency to use it. If i got a chance tho use the crypto to pay .i would like to use BNB. Because it is having a very low fee fast transaction.

Mahanton

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Quote from: kevinovecka on October 19, 2021, 09:45:55 AM

I am interested what do you guys use for payments.

I like Litecoin paying the most (superfast and supercheap) but I am not afraid to pay with Bitcoin.

Doing this little research because I am preparing project
I will appreciate honest answers and comments

Thank you

I tend to save as much as i can.If i could make use of fiat instead of my coins then i would better still do that and would skip out on having those unwise spending since
we know the chance or probabilities on getting some profits on just simply holding your coins.

Paying up crypto into something does really add up some circulation or adding up more awareness and adoption but not all people would be having the same mindset
and majority will really be keeping it instead.

barabarian1

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in my place, that thing not allowed to do, but i dont. prefer to keep my crypto than use it as payment. usually, i get paid from crypto than just store it as investment.

Quote from: diahsw on November 22, 2021, 05:40:28 PM

if only this could happen in my country then i would like to transact with bitcoin, ethereum and doge. But that's just a hope, because our country prohibits bitcoin or other cryptocurrencies, so it's difficult to realize that hope.

actually, you can pay a thing by person to person, you can do just for your term. people will take this chance if they want to do it

haasanjui

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Not officially! But sometimes i paid and got paid with crypto with foreigners. There are big companies's get payment by Crypto. In future, Crypto is able to use as a payment asset.

ForeignAir0258

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I hope that will be possible... But in El Salvador is they can already pay! I think it is only a question of the time. Roll Eyes

https://cryptocurrency-21.com/article/paying-with-bitcoin-is-no-longer-just-an-idea-it-has-already-become-a-reality/

livingfree

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Quote from: nicolerichardson on November 23, 2021, 10:50:36 PM

No, I don’t. I didn’t even think of doing that because I consider bitcoin as an asset. Moreover, there are not many things that I can buy with bitcoin or any cryptocurrency. So, I am good with fiat currency.

It's not just about paying bitcoin but also with other cryptocurrencies.

The point of it is for everyone to be aware that cryptos are also for payments. It's actually the main usage of it.

And then next is being an asset.

Zanab247

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Since some businessmen started accepting bitcoin as a payment in my community, it hard me to to use meme coin which is very popular in the community for payment. Now that meme coin users are all over the country, many sellers will stop accepting bitcoin as a payment because their users are very few in the community compare to meme coin which everybody want to invest on for future profit making.
Bitcoin price is try to hit $60 for more investors to have interest, so that it can attract more sellers that will be accepting bitcoin more than meme coin in the market. Many stores in my community are preparing to start accepting bitcoin for any goods consumer need in the shop to pay with bitcoin.

nicolerichardson

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No, I don’t. I didn’t even think of doing that because I consider bitcoin as an asset. Moreover, there are not many things that I can buy with bitcoin or any cryptocurrency. So, I am good with fiat currency.

diahsw

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if only this could happen in my country then i would like to transact with bitcoin, ethereum and doge. But that's just a hope, because our country prohibits bitcoin or other cryptocurrencies, so it's difficult to realize that hope.

dunfida

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Quote from: DanWalker on November 22, 2021, 04:31:49 PM

Sure, If I work something online with someone, I offer them crypto first as a payment. If he refuses to take the crypto then I pay in local currency. Most of the time I use Ripple as payment because we have Ripple support here at the bank. If the block fee is low, I sometimes use Bitcoin to make payments. In addition, I use Bitcoin to make purchases from online (for example: gift cards, virtual cards).

Its the most convenient imho when it comes to payment but not totally get rid of fiat payments which is also convenient and if you do really mind about investment then you would really have doubts on spending your
crypto which you would really be ending up on using your fiat in the end.

I have been able to use my coins wayback when steam was still accepting bitcoin on purchasing steam wallet funds which its really convenient but once i do tend to accumulate coins
as much as i can then i do stop that habit.

I do spent up fiat if i would able to do so but if there are some convenient ways then i do go with that.

DanWalker

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Sure, If I work something online with someone, I offer them crypto first as a payment. If he refuses to take the crypto then I pay in local currency. Most of the time I use Ripple as payment because we have Ripple support here at the bank. If the block fee is low, I sometimes use Bitcoin to make payments. In addition, I use Bitcoin to make purchases from online (for example: gift cards, virtual cards).

KennyR

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I haven't got access to spend cryptocurrencies directly. Myself used to cash it out for the local fiat and spend on the needs. I don't remember for what purpose I first used the cryptocurrency cashed out. I think it is a mobile phone that costs me $150. By that time of purchase the price of single bitcoin was around $3000. Right now if I want to make use of cryptocurrency as payment I'll go with tron for its low fee.

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