How hard is it to pay with bitcoin? - page 2.

entebah

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Quote from: Night4G on March 29, 2018, 05:09:14 PM

well bitcoin is easy to use , like what those others said it is easier to use bitcoin than other coins because unlike other crypto, you dont need any fee when you are buying something

very sorry my country still forbid the use of bitcoin to make transactions using bitcoin.
Transaction speed may be overcome with the LN hope soon can be used.

BarbusseH

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It is necessary to consider where the bitcoins are taken from, from some exchanges it can cost $ 30. Carefully look at the price of the transcription. Sometimes it's easier to buy a popular crypto currency and translate into it.

paynercash

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send and receive money instantly, with no hidden c

Yes, BTC is the best payment tool available today, fast and without any need of space, without the information of the sender and receiver just know the address is that you can transfer and get a BTC easy way. Because of this, some countries are afraid that the organizers will be more comfortable with terrorist financing.

Lanatsa

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Quote from: huanzhong644306 on March 25, 2018, 08:56:40 AM

Bitcoins are easier to pay than a debit or credit card, which can be accepted without a merchant account. In your wallet application on your computer or smartphone, enter the recipient's bitcoin address and payment amount, and you can complete the payment by pressing the send button. To make it easier to enter the payee's address, many wallets can be accessed via qr code scanning or NFC technology.

Do you think it is convenient to use bitcoin?

In just matter of few clicks sending out funds into another wallet is really very very convenient but you would really still need to wait for it to be confirmed not only that people do always comes after into transactions which is truly anonymous ones which people wont even know on whose the one holds such wallet or do make such transactions which is really great but the limitation we are experiencing now is normal where bitcoin cant really be adopted which would result into lesser merchants and services that we know.

Night4G

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well bitcoin is easy to use , like what those others said it is easier to use bitcoin than other coins because unlike other crypto, you dont need any fee when you are buying something

Nick Abimanyu

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Quote from: huanzhong644306 on March 25, 2018, 08:56:40 AM

Bitcoins are easier to pay than a debit or credit card, which can be accepted without a merchant account. In your wallet application on your computer or smartphone, enter the recipient's bitcoin address and payment amount, and you can complete the payment by pressing the send button. To make it easier to enter the payee's address, many wallets can be accessed via qr code scanning or NFC technology.

Do you think it is convenient to use bitcoin?

Yes, you are right!. I agree with that. As I know bitcoin is the only payment method most quickly, safely and comfortably. Although using an only mobile phone, the transaction can be done wherever we are.

Quote from: zhekinsp on March 25, 2018, 09:32:23 AM

Wrong! bitcoin transactions are longer than the fiat transactions even if we pay with the cards the cash will be credited to the mechant account instantly but in bitcoin there is an inbetween process called confirmations.Even if the government have any regulations to use bitcoin we still can use it we don't need to wait for anyone's permission to use bitcoins that is called decentralization.

Maybe it's in your country. But in my country, bitcoin transaction can be done quickly without waiting for a queue.

lite

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Quote from: huanzhong644306 on March 25, 2018, 08:56:40 AM

Bitcoins are easier to pay than a debit or credit card, which can be accepted without a merchant account. In your wallet application on your computer or smartphone, enter the recipient's bitcoin address and payment amount, and you can complete the payment by pressing the send button. To make it easier to enter the payee's address, many wallets can be accessed via qr code scanning or NFC technology.

Do you think it is convenient to use bitcoin?

Yeah, i find bitcoin to be extremely convenient to use. i've mostly shopped online and have saved couple of bucks. Cheesy

Quote from: shursight on March 25, 2018, 01:42:48 PM

Quote from: lelou on March 25, 2018, 09:50:25 AM

Paying with bitcoin is easy but one of the factor that affects stores and small businesses to use bitcoin as a payment option is the transaction time and fees.

Transactioon times and fees? Sorry, but it does not make any sense at all.

Fees at the moment = $1,20 for fast transaction with 40 sats per byte.

Tell me, where are the high fees? is $1,20 expensive?

The fee is so much lower now. the last transaction that i made paid only $0.2 in fees. with LN it's going to be significantly lesser and instant, just wait for the release!

BitcoinCommodor

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Quote from: zhekinsp on March 25, 2018, 09:32:23 AM

Quote from: Iceblast on March 25, 2018, 09:23:02 AM

Quote from: huanzhong644306 on March 25, 2018, 08:56:40 AM

Bitcoins are easier to pay than a debit or credit card, which can be accepted without a merchant account. In your wallet application on your computer or smartphone, enter the recipient's bitcoin address and payment amount, and you can complete the payment by pressing the send button. To make it easier to enter the payee's address, many wallets can be accessed via qr code scanning or NFC technology.

Do you think it is convenient to use bitcoin?

I think it's more practical to use bitcoin, because we can pay easily and do not need a long time. but bitcoin payments are hindered by regulations from each country that still have not granted permission for transactions with bitcoins.

Wrong! bitcoin transactions are longer than the fiat transactions even if we pay with the cards the cash will be credited to the mechant account instantly but in bitcoin there is an inbetween process called confirmations.Even if the government have any regulations to use bitcoin we still can use it we don't need to wait for anyone's permission to use bitcoins that is called decentralization.

So far, things are not as much good as we think of them to be when it comes to that of the crypto currencies as still there are so many issues like that of transaction process as well transaction fee which are creating lot of troubles for the ones who are there in the world of crypto currency and that all those who are there really want these issues to be addressed and that too as soon as possible.

jak3

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Honestly yes I think there is nothing in the world more secure than blockchain network because blockchain Bitcoin uses the higher possible encryption right now which can only be cracked using a Quantum computer or if anyone had to break them then it will take 3 years to break 1 Block with a supercomputer.

crairezx20

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Quote from: supermine on March 25, 2018, 11:10:04 AM

Quote from: MintCondition on March 25, 2018, 10:57:33 AM

Quote from: supermine on March 25, 2018, 09:14:42 AM

Quote from: huanzhong644306 on March 25, 2018, 08:56:40 AM

Bitcoins are easier to pay than a debit or credit card, which can be accepted without a merchant account. In your wallet application on your computer or smartphone, enter the recipient's bitcoin address and payment amount, and you can complete the payment by pressing the send button. To make it easier to enter the payee's address, many wallets can be accessed via qr code scanning or NFC technology.

Do you think it is convenient to use bitcoin?

Yes it is easier to use but bitcoin transactions are not instant so the buyer have to wait until the transaction get confirmed to buy things which is negativity of bitcoin for being used as a currency.But paying with doesn't need any information and bank details just the address is enough to pay them.

There is some process to make it faster just like when you use coins.ph app. If 2 user are using same coins.ph and transfer BTC to each other. There will be no transaction applied and the transfer is instant. I think is using some kind of self miner to process all the transaction happened on their own wallet address.

But don't expect all the users to use the same app for holding bitcoin and even coins.ph is an exchange not an wallet so storing our bitcoin is not safe but as you said it will be instant.But still fiat is the best for using as a currency.Then lets wait for the LN implementation on mainnet I hope it will make the transactions much faster almost like instant.

Well if they implement the lightning network on mainnet we will expect that every transaction will be instant, but we still don't sure if it will give us instant transaction.
As of now, I heard they are still in beta testing, but I hope they release it too...
According to coins.ph it is just like the same as coinbase if you are using the same app, then you can receive your bitcoin in an instant or faster confirmation, but not all bitcoin users are using coinbase as their wallet because they are treating coinbase as not safe because you couldn't retrieve your own private key that you can use for recover once the coinbase is down or gone forever.
Let's hope that the lightning network would be the solution to speed up the slow transaction for receiving bitcoin.

shursight

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Quote from: lelou on March 25, 2018, 09:50:25 AM

Paying with bitcoin is easy but one of the factor that affects stores and small businesses to use bitcoin as a payment option is the transaction time and fees.

Transactioon times and fees? Sorry, but it does not make any sense at all.

Fees at the moment = $1,20 for fast transaction with 40 sats per byte.

Tell me, where are the high fees? is $1,20 expensive?

bitcad4u

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Activity: 602

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Quote from: huanzhong644306 on March 25, 2018, 08:56:40 AM

Bitcoins are easier to pay than a debit or credit card, which can be accepted without a merchant account. In your wallet application on your computer or smartphone, enter the recipient's bitcoin address and payment amount, and you can complete the payment by pressing the send button. To make it easier to enter the payee's address, many wallets can be accessed via qr code scanning or NFC technology.

Do you think it is convenient to use bitcoin?

Up to now ,the transcation limit of bitcoin is 20-30 minutes.Before a month the transcation speed is nearly 30-45 minutes ,now it's reduced due to lighting effect.After this the transcation fee of bitcoin also reduced.It was one third of past transcation fee.By this it's easy to have a debit or credit card.We can implement this ,if the transcation speed is reduced to 10 minutes.

Ayush rana

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no, i don't think its easy to pay bitcoin as compared to debit or credit card because you can use you cards all over the world but you can't use bitcoin. even debit and credit cards are widely used in almost every store of the world but if we talk about bitcoin services of accepting bitcoins is rarely available in stores.

monalia

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Quote from: huanzhong644306 on March 25, 2018, 08:56:40 AM

Bitcoins are easier to pay than a debit or credit card, which can be accepted without a merchant account. In your wallet application on your computer or smartphone, enter the recipient's bitcoin address and payment amount, and you can complete the payment by pressing the send button. To make it easier to enter the payee's address, many wallets can be accessed via qr code scanning or NFC technology.

Do you think it is convenient to use bitcoin?

It is easy to access in anywhere but it is not comfortable to all shopping because the price is raise or down both are happening in the market. So we can use debit or credit cards are used in small shopping products and Bitcoin is used for other shoppings but most of the peoples are not understand the Bitcoin technology so it will hard to use in most of the countries.

mrtryonebiggums

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Revolutionized Rotating Savings & Borrowings

Not even close to being convenient yet. It will be convenient when I can go to my local convenience store and buy a bag of chips and pop with it. Before it gets to that point, it is a inconvenience any way you try to paint that picture.

supermine

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Quote from: MintCondition on March 25, 2018, 10:57:33 AM

Quote from: supermine on March 25, 2018, 09:14:42 AM

Quote from: huanzhong644306 on March 25, 2018, 08:56:40 AM

Bitcoins are easier to pay than a debit or credit card, which can be accepted without a merchant account. In your wallet application on your computer or smartphone, enter the recipient's bitcoin address and payment amount, and you can complete the payment by pressing the send button. To make it easier to enter the payee's address, many wallets can be accessed via qr code scanning or NFC technology.

Do you think it is convenient to use bitcoin?

Yes it is easier to use but bitcoin transactions are not instant so the buyer have to wait until the transaction get confirmed to buy things which is negativity of bitcoin for being used as a currency.But paying with doesn't need any information and bank details just the address is enough to pay them.

There is some process to make it faster just like when you use coins.ph app. If 2 user are using same coins.ph and transfer BTC to each other. There will be no transaction applied and the transfer is instant. I think is using some kind of self miner to process all the transaction happened on their own wallet address.

But don't expect all the users to use the same app for holding bitcoin and even coins.ph is an exchange not an wallet so storing our bitcoin is not safe but as you said it will be instant.But still fiat is the best for using as a currency.Then lets wait for the LN implementation on mainnet I hope it will make the transactions much faster almost like instant.

frowsiter

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Quote from: huanzhong644306 on March 25, 2018, 08:56:40 AM

Bitcoins are easier to pay than a debit or credit card, which can be accepted without a merchant account. In your wallet application on your computer or smartphone, enter the recipient's bitcoin address and payment amount, and you can complete the payment by pressing the send button. To make it easier to enter the payee's address, many wallets can be accessed via qr code scanning or NFC technology.

Do you think it is convenient to use bitcoin?

Yes they are but it is no different than what we have with credit or debit cards or internet banking for example. I mean you have to have the bank account for availing these services but for using bitcoin there is no different thing there too. I mean you have to have the bitcoin wallet in the first place and on top of that you also need to synch it with the KYC now a days.

Thats about the account creating in both financial institutes!

The further steps are also kind of similar,

-> With internet banking you can send funds almost instantly by using services like UPI, IMPS, QR and much more.
-> With ATM cards you can have instant money in the form of cash or you can pay at the counter in zero minutes too,

For Bitcoin :

-> Similar way of paying, you need address and you need confirmation after transaction is broadcasted.

I think they both are convenient.

MintCondition

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Quote from: supermine on March 25, 2018, 09:14:42 AM

Quote from: huanzhong644306 on March 25, 2018, 08:56:40 AM

Bitcoins are easier to pay than a debit or credit card, which can be accepted without a merchant account. In your wallet application on your computer or smartphone, enter the recipient's bitcoin address and payment amount, and you can complete the payment by pressing the send button. To make it easier to enter the payee's address, many wallets can be accessed via qr code scanning or NFC technology.

Do you think it is convenient to use bitcoin?

Yes it is easier to use but bitcoin transactions are not instant so the buyer have to wait until the transaction get confirmed to buy things which is negativity of bitcoin for being used as a currency.But paying with doesn't need any information and bank details just the address is enough to pay them.

There is some process to make it faster just like when you use coins.ph app. If 2 user are using same coins.ph and transfer BTC to each other. There will be no transaction applied and the transfer is instant. I think is using some kind of self miner to process all the transaction happened on their own wallet address.

krauzzer02

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No doubt how bitcoin made the transactions swiftly and rapidly that totally eliminates the third party transactions which are the traditional banking, owning the private key have the fullest advantage over the blockchains full potential, however, threats never cease to exist, not just the basic functions that you need to learn but some technical knowledge about the security and protection of your wallet against hackers, Hot wallets have a higher risk of being stolen by the hackers, double checking is necessary for the transactions you may send bitcoins to the wrong address, viruses such as copy paste malware can decipher and change the pasting of address from clipboard so extra precautions and safety is necessay to avoid this types of incidents, better to store large amount of coins to cold storage device.

lelou

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Paying with bitcoin is easy but one of the factor that affects stores and small businesses to use bitcoin as a payment option is the transaction time and fees.

Topic: How hard is it to pay with bitcoin? - page 2. (Read 399 times)