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Topic: Do you pay with crypto??? - page 9. (Read 1384 times)
I use Bitcoin to pay some of my online subscriptions and gift cards if I want to buy certain products that'll be on sale. Back then I usually convert my crypto to fiat since there's a lot of exchanges that didn't have KYC but now I spend my Bitcoin directly now that a lot of services are starting to accept Bitcoin. I remember paying with an altcoin that one time, they also accept Bitcoin but for some reason, their payment processor didn't have the option available while I was making the payment.
I like Litecoin paying the most (superfast and supercheap) but I am not afraid to pay with Bitcoin.
Have you ever tried crypto payment transactions with ETC and ZIL, I saw both crypto nothing in the vote, apart from cheaper fees both crypto are super fast in the payment process.If you don't believe me, maybe you can try, I guarantee you'll like it, I've done it hundreds of times in payments with ETC and ZIL.
For now I am more comfortable in paying using the two crypto that I mentioned.
altcoins are rarely accepted. i have not seen any merchants going to accept ETC or ZIL. if an altcoin is going to be accepted, it has to be used by the community, dogecoin is being used in casinos that why there are some businesses that use and accept it.
there are more merchants accepting ETH than any altcoins but it's got to be BTC that businesses like the most.
From the few transaction I have done using crypto I only meet Bitcoin users and less of altcoins. Although most altcoins have less gas fee compared to Bitcoin but the feel more comfortable with Bitcoin which requires me swapping my altcoins to Bitcoin each time I need to do some transaction.
Another coin I have transacted with is XRP but I think it's only twice. All along it's been Bitcoin all they way and stable coin Usdt when ever it involves boarder transaction
Another coin I have transacted with is XRP but I think it's only twice. All along it's been Bitcoin all they way and stable coin Usdt when ever it involves boarder transaction
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
Using Litecoin as the payment will be an alternative to using bitcoin as the fee is not too high. But I do not use crypto as the payment to buy a product or pay for some services because I prefer to convert to fiat or buy a Paypal balance from my sellers.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 am trying to save my bitcoin and not use it for paying something because I see the potential of bitcoin price rising so high is wide open. After what happen to bitcoin reaching $64k, I believe that the price will increase more than that price.
Litecoin is indeed an altcoin that has low fees for transactions, but to my knowledge, people who use it as payment is still rare. Most use Litecoin
to send funds, the problem is that it is still very rare for merchants to accept payments with Litecoin, so Litecoin is rarely used for payments.
Most merchants only accept payments with Bitcoin, but we know Bitcoin transaction fees are quite expensive. With the price of Bitcoin reaching $64k
it is better to save rather than spend it on buying something. Because there is a possibility that the price of Bitcoin will continue to rise and reach
new ATH at the end of this year. But if there is an urgent need, I can't help but be forced to sell some of the Bitcoins I have. Because in my country
it is forbidden to use crypto for payments, I will convert my Bitcoins to fiat first.
Presently No, majority of my assets are in alts which can't be use for transaction, I have come across some few online sites that accept btc for payment but am more comfortable using fiat for now, besides btc price is volatile and since I don't have much of it I don't plan on spending the little I own on items online when fiat can still serve that purpose, I will rather hold them as assets for a better price.
Agree that it is far better to keep it than to spend it now, as the price will undoubtedly rise. I believe that a ton of websites are now using those cryptos because they are so well-known, but the issue is the higher fees and the fact that they are extremely volatile. If you want to hold your alts, then Fiat is a great option. Crypto is both an investment and a fun way to keep just to watch the price change. For the time being, I prefer fiat to alts because they serve the same purpose of payment; I'd rather keep my alts than spend them now.
so I'm more comfortable keeping it because I believe in the future it will be much more expensive and even though I need it I have to convert it and even then rarely do it, because I think as long as I can use fiat to do whatever I want why should I use crypto which I think will be more expensive in the future .
I see some members mentioned different crypto for payments, that is good really. my focus and i use now mostly usdt and trx. Bnb also I will try in next period. It is good to have choice so we can choose what is best for us personaly.
Depend on the availability of which i am dealing because in my country it is Bitcoin in demand or mostly accepted but i also use Ethereum in some cases in the past.
also In some local trades we are dealing using XRP because our local wallet supports this still and having very cheap fees and fast transaction.
But what I am aiming is the time that all crypto will be available so i can choose which to use from my folio .
also In some local trades we are dealing using XRP because our local wallet supports this still and having very cheap fees and fast transaction.
But what I am aiming is the time that all crypto will be available so i can choose which to use from my folio .
So far, I'm using TRX and BNB. You know that BNB is very popular right now, and even people are using BSC for it. however, for transactions between exchanges to exchanges, I use TRX. some exchanges only use 1 or 2 TRX for one transaction. so I think, it is the cheapest transaction fee.
Well Binance coin is still on hold in my local wallet but there is a rumor that in this year it will be open so this is also one of my options . 
So far, I'm using TRX and BNB. You know that BNB is very popular right now, and even people are using BSC for it. however, for transactions between exchanges to exchanges, I use TRX. some exchanges only use 1 or 2 TRX for one transaction. so I think, it is the cheapest transaction fee.
For now I am more comfortable in paying using the two crypto that I mentioned.
Maybe in this case it has to do with transfer speed and cost. Although I've never used LTC and ZIL, I do use DGB a lot. Although sometimes not everyone accepts, but several times I negotiated and was accepted. Because the network is not congested, so it is quite fast and the cost is quite cheap. If I'm not mistaken it costs around 50$/worth about 1100DGB at a cost of 0.2 DGB. Although this is like a P2P transaction it is not an official transaction, because my country forbids using crypto as a legal tender.
I like Litecoin paying the most (superfast and supercheap) but I am not afraid to pay with Bitcoin.
Have you ever tried crypto payment transactions with ETC and ZIL, I saw both crypto nothing in the vote, apart from cheaper fees both crypto are super fast in the payment process.If you don't believe me, maybe you can try, I guarantee you'll like it, I've done it hundreds of times in payments with ETC and ZIL.
For now I am more comfortable in paying using the two crypto that I mentioned.
Presently No, majority of my assets are in alts which can't be use for transaction, I have come across some few online sites that accept btc for payment but am more comfortable using fiat for now, besides btc price is volatile and since I don't have much of it I don't plan on spending the little I own on items online when fiat can still serve that purpose, I will rather hold them as assets for a better price.
Agree that it is far better to keep it than to spend it now, as the price will undoubtedly rise. I believe that a ton of websites are now using those cryptos because they are so well-known, but the issue is the higher fees and the fact that they are extremely volatile. If you want to hold your alts, then Fiat is a great option. Crypto is both an investment and a fun way to keep just to watch the price change. For the time being, I prefer fiat to alts because they serve the same purpose of payment; I'd rather keep my alts than spend them now.
Presently No, majority of my assets are in alts which can't be use for transaction, I have come across some few online sites that accept btc for payment but am more comfortable using fiat for now, besides btc price is volatile and since I don't have much of it I don't plan on spending the little I own on items online when fiat can still serve that purpose, I will rather hold them as assets for a better price.
Yeah BTC payment in some sites are not confortable to use, they usually not using the latest update of btc price but it's higher than the current price also with the transaction fee is crazy.
I think it's better to use USDT payment if available, still make sense if we want to make any payment transfer but ofcourse with low fee.
Cryptocurrency still need many improvement if they really want to replace fiat in the future
Presently No, majority of my assets are in alts which can't be use for transaction, I have come across some few online sites that accept btc for payment but am more comfortable using fiat for now, besides btc price is volatile and since I don't have much of it I don't plan on spending the little I own on items online when fiat can still serve that purpose, I will rather hold them as assets for a better price.
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
Using Litecoin as the payment will be an alternative to using bitcoin as the fee is not too high. But I do not use crypto as the payment to buy a product or pay for some services because I prefer to convert to fiat or buy a Paypal balance from my sellers.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 am trying to save my bitcoin and not use it for paying something because I see the potential of bitcoin price rising so high is wide open. After what happen to bitcoin reaching $64k, I believe that the price will increase more than that price.
Currently I still use fiat as a means of payment, because in my country there is no acceptance of payments using cryptocurrencies and the country does not recognize bitcoin as a legal medium of exchange. so i became bitcoin as asset to invest and seek profit in short term and long term.
Do you mean spending crypto for payment?
Well, so far, I am a fiat guy. The reason is that cryptocurrency is not legal as a currency, as a payment method in my country. SO, there is no merchants that accept it as payment.
I so far only use cryptocurrency as a commodity asset, for trading and investing only.
So, when asked about buying or using crypto directly for any payment, so far, I have not.
Actually, I may be able to use it to buy some coins from abroad, yeah it may be, sometimes.
I really hope that I can use it in my country easily someday, but the govenrment in my country even have said that it will be impossible for 10 years later accept cryptocurrency as a currency
But if I have that chance and go to the payment, I will probably choose the cryptos that have low fees.
My country also prohibits using crypto for payments, so for now I only use crypto as an investment. I hold several cryptos that I consider potential
and could be my retirement plans in the future. Actually I have experience several times using crypto to buy an item, but I do it secretly, like I said
the reason is because the government forbids it. I did it because at that time I bought an item, but the person selling the item charges in Bitcoin.
The two of us are actually friends, and I know the person quite well, then I believe in making transactions with Bitcoin payments at that time.
I feel good when I get to experience using Bitcoin as payment, even though I know it's against the law. I actually really hope the government
in my country can change its mind and legalize crypto as a means of payment, but I know the chance is very small.
Did you consider the fact that many of the users in this forum may not be living in countries that are "accepting" crypto and having marketplaces that allow crypto as a mode of payment? Of course this is an internet poll, no real seriousness there.
I can do recharges using Bitrefill and buy giftcards for merchants to spend on but I still consider this a secondary method to spend crypto, I would defenitely like to see merchants accepting crypto directly and me being able to spend it there.
Altcoins are even less known to merchants. Their first choice is always bitcoin. Someone may argue that converting to bitcoin is easy but again why put in a third party in between?
I can do recharges using Bitrefill and buy giftcards for merchants to spend on but I still consider this a secondary method to spend crypto, I would defenitely like to see merchants accepting crypto directly and me being able to spend it there.
Altcoins are even less known to merchants. Their first choice is always bitcoin. Someone may argue that converting to bitcoin is easy but again why put in a third party in between?
Do you mean spending crypto for payment?
Well, so far, I am a fiat guy. The reason is that cryptocurrency is not legal as a currency, as a payment method in my country. SO, there is no merchants that accept it as payment.
I so far only use cryptocurrency as a commodity asset, for trading and investing only.
So, when asked about buying or using crypto directly for any payment, so far, I have not.
Actually, I may be able to use it to buy some coins from abroad, yeah it may be, sometimes.
I really hope that I can use it in my country easily someday, but the govenrment in my country even have said that it will be impossible for 10 years later accept cryptocurrency as a currency
But if I have that chance and go to the payment, I will probably choose the cryptos that have low fees.
Currently living in a country where cryptocurrency wasn't legally adopted but good thing it also not prohibited or should I say maybe there's nothing more serious action from our government over this matter because those who are in position are still busy to figure out how to respond the contagious virus and how to recover economic crisis so meaning to say I haven't encountered such kind of services here in my country where they accepted crypto token as a mode of payment. But if ever I would encountered such thing I would also choose those cryptos that are low fees and stable coins like usdt. I'm afraid to spend bitcoin for the moment because for me I would choose to hold it for a long term.
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've used Litecoin and many companies including refill companies are accepting litecoin but if you use Bitcoin Segwit then you're paying a small fee in Bitcoins around 0.1$ at the time I made the last transaction and it cost me around 0.000001 BTC or 100 satoshis.
I'd say use Both but when the Bitcoin's mempool isn't loaded with transactions and the last few blocks are getting confirmed at minimum 1sat/B then use this fee or 2 or even 3sat/B, It isn't a lot if paying for some service that accepts only bitcoins.
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