Topic: Do you pay with crypto??? - page 7. (Read 1329 times)
As for now some of the establishments in my country are supported with the use of the bitcoin payment but it's just limited stores mostly on the fiat currency payment some of them don't want the crypto payment because it's volatile well unless if the platform has the fixed rate of the payment. In terms of payment to some of my known friends make a ripple (xrp) payment if they need to pay ir debts which are good for some of them to get a ride of the market volatility.
Currently the coins that I often use for transactions are BNB, ethereum and Polygon, I rarely use bitcoin because the transaction fees on exchanges are very high up to 0.0003 btc or around $19 per transaction, whereas with BNB I can send money for under $3 if from exchanges and under $1 if using TRUST Wallet.
i using those 3 currencies (bitcoin,ethereum and litecoin) to get a few services from online, but now i avoid to use btc and eth because of high transaction fee, ltc is making my work easier because it's a quite lower cost network.
legendary
Activity: 2898
Merit: 1253
Call your grandparents and tell them you love them
I have a feeling that merchants claiming to be adopting Bitcoin would almost instantly convert them still into fiat if not stablecoins for safety purposes. The volatility of the price of BTC could be too much of a burden for a certain business to still be alive. It is like an eggshell business.
True, maybe they will understand the volatility will change with time and therefore hold some to sell later. In either case it ends up being the same for them as it was to the previous owner, waiting to sell it for a higher price, in the meantime the previous owner got a chance to use the money to buy something they needed.Although I have seen that volatility in the bitcoin market tends to remain below 15% every year maximum. Therefore a <100$ transaction would not make much difference in price when the price rise or falls. It is not like gold where you should wait for the market to drop before you buy it.
Markets for cryptocurrencies are typically unpredictable, and the amount you pay now may not be the price you pay tomorrow.
Like I said, a low value transaction that you would likely do for a daily necessity will not be influenced too much by the daily change in price. Some days can be extreme for the markets too but that is lesser in frequency than general. Unfortunately, it is forbidden to pay with crypto in my country. We can invest in it, we can work on the crypto market, but we are not allowed to pay with it for any goods or services. But if I had such an opportunity, I would choose stable coins for it, as it is a stable asset and I would know exactly how muck I pay. What is more, I prefer holding Bitcoin, so it is rather an investment asset to me than a means of payment.
What country is this? I think it is something difficult this because if the country will ban bitcoin completely meaning all sent, received and earning is prohibited which mostly they do this on the banned the bitcoin in countries. But there are still people in the countries that they invest illegal and also in secret since the government will not know. I am glad that here in our country is they not banning bitcoin so it is good to us
Unfortunately, it is forbidden to pay with crypto in my country. We can invest in it, we can work on the crypto market, but we are not allowed to pay with it for any goods or services. But if I had such an opportunity, I would choose stable coins for it, as it is a stable asset and I would know exactly how muck I pay. What is more, I prefer holding Bitcoin, so it is rather an investment asset to me than a means of payment.
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
I have not used Litecoin before although I have heard that it is very fast than Bitcoin and also has cheaper fees. So far what I’ve been using for making payments are Bitcoin, ethereum, and Tron. Among these three I think I like Tron because it is usually fast and also has a really cheap fees that I have to pay for the transactions, unlike Bitcoin and Ethereum where I would have to be paying a lot of fees for a single transaction.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
I once had to pay around $15 for a transaction of around $120 for Bitcoin, so at times the transaction fees that you have to pay for Bitcoin is usually too much, although sometimes it also reduces as well, and that’s the same thing with Ethereum.
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
Of all the coins that you have mentioned I have used only Bitcoin, Litecoin, Dogecoin and Ethereum for making payments. Right now I only use Bitcoin when the fees are reasonable (which it is most of the time). Ethereum has some insane fees for which I stopped using it, but currently holding it for long term. Sold all dogecoin. Don't remember when was the last time I used Litecoin though. And for the most of the time I am the "fiat guy". 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
None of the above because i used to convert some of my crypto since most of the online store here in our country are using other digital currency, i mean not decentralised., but obviously i don't want to spend with my cryptos when it comes to such way, especially bitcoin and others wherein i can make good return by holding. Seems a big mistake. Lol i will choose other crypto that very stagnant and covert it to fiat no matter what.. 
- Bitcoin
- Ethereum
- BNB
- Stablecoin
BNB provides a cheaper fee compared to the other cryptocurrencies you mentioned above, I as well use BNB a lot for transactions since it's really cheap compared to other coins, though I use Bitcoin for such payments if the online store only accepts Bitcoin or ETH, I wouldn't want to use Ethereum though because of the gas fee, my go-to cryptocurrencies will definitely be Bitcoin, BNB and Ethereum.
I also use Litecoin more often for payments, in addition to the cheap fees and very fast service. But in certain situations I also use bitcoin and ETH as other payment options, because I think that's the only safe and I can trust so far. But still enjoy using Litecoin payments.
Actually the habit factor can also determine someone to be able to use something. but i've never used litecoin myself so not much i know. if now it's clear that ethereum is still paying quite expensive so you have to look for other alternative platforms and usually now used are the bsc or trx platforms.once again the low cost factor is very important in all transactions that we will use and keep it at the same speed and obviously as safe as you say.
Markets for cryptocurrencies are typically unpredictable, and the amount you pay now may not be the price you pay tomorrow.
- Bitcoin
- Ethereum
- BNB
- Stablecoin
~
I have a feeling that merchants claiming to be adopting Bitcoin would almost instantly convert them still into fiat if not stablecoins for safety purposes. The volatility of the price of BTC could be too much of a burden for a certain business to still be alive. It is like an eggshell business.
What an interesting find. People pay a lot with BTC than any other alts 
I would have thought to be on the safe side people would convert what they needed into stable and use that as payment. Most merchants now accept stablecoins and there's no risk of devaluation or hyperinflation. That's my reasoning anyway.
Still super interesting to see how people use their alts like LTC and BNB to pay for things - you learn everyday!
I would have thought to be on the safe side people would convert what they needed into stable and use that as payment. Most merchants now accept stablecoins and there's no risk of devaluation or hyperinflation. That's my reasoning anyway.
Still super interesting to see how people use their alts like LTC and BNB to pay for things - you learn everyday!
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 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 also like Litecoin because it is fast and low fees and many merchants offer that option. now I don't really choose what coin I want, I just follow the options that the merchant offers and I choose the coin that has the lowest fee. So far, the choice of coin is LTC or BNB more often.
I have never used any of these cryptocurrencies as a way to make payment for anything online before, but I have used it bitcoin to accept payment for so many services, which I would say is quite similar to also making payment with it for something; because if there are no people who are ready to offer services and accept bitcoin as payment, then there wouldn’t be those that would pay with it.
And so far it is only bitcoin that I have seen people use for making payment for products and services, and no one has talked about using Ethereum or any other. If I am going to be using any of them in future to buy anything, I am sure it is going to be Bitcoin or Tron, or even Ethereum.
And so far it is only bitcoin that I have seen people use for making payment for products and services, and no one has talked about using Ethereum or any other. If I am going to be using any of them in future to buy anything, I am sure it is going to be Bitcoin or Tron, or even Ethereum.
Litecoin is what I use to do transactions. I used to use bitcoin for transactions, but with the high network fees, I switch to litecoin for payments. Most crypto payment gateways now accept it and the transactions are fast.
In our country there is no establishment that accepts bitcoin as payment, we are in third world countries, so we are not that so open about technology innovation, and most of the time is focused in the traditional way, but if we will have the chance to pay using cryptocurrency, I will use XRP as this is the best coin to use to lessen the transaction fees.
I never pay using crypto I exchange coins for fiat then I use fiat for payments because in my country I can't transact bitcoin or other altcoins, I hope one day I can make transactions using bitcoin.
If your country seems impossible to accept bitcoin then you may visit other countries, your favorite countries and try it there, we have the same scenarios and I also have plan to visit and relax in other country, hoping that there would be some establishment that will accept cryptocurrency. 
In my country only a few cities accept payments using crypto currency, my country is Indonesia and the city is Bali, because there are so many foreign tourists who vacation there, the Indonesian government allows payments using Crypto currency..
In my country non of the business organizations accept cryptocurrencies for payment except fiat, how I wish crypto is allowed for business transactions I would have gladly utilize that opportunity, for now I have to transact using P2P where my fiat is used to buy stuffs and pay for services, I think adoption of cryptocurrencies for payment or transactions is a gradual adoption globally with time more and more countries will allow business centres such as hotels etc to accept cryptocurrencies for payment. Jump to: