Why would customers use Bitcoins? - page 26.

shield132

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You have to pay the 3 cent fee, while you dont have to pay anything when paying with a credit card.

What? I don't know in what country do you live but in my country paying with credit card has high fee, but also there are plans that if you pay 3$ monthly, than you will have no fee and you can do without fee what you want.

Bitcoin is p2p transaction system, it's highly secured and simply use it if you have, it's good alternative of online money. Also it's fee isn't that higher than the author of this thread thinks.

If anyone is interested in, try to google and you will see many opininons about why to use bitcoin and why to use credit card.

bitcoluck

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Quote from: bearex on November 21, 2015, 05:15:28 PM

I came to figure out, why would a consumer/customer use Bitcoins?
You have to pay the 3 cent fee, while you dont have to pay anything when paying with a credit card.

So what is really a benefit for using Bitcoins, customer wise?

I think bitcoin should be used by consumer because it's really easy to use, fast transactions, anonymous and can actually be worth a lot of money in the future.

Harlot

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Quote from: qiwoman2 on October 01, 2016, 02:40:05 AM

Transaction costs are fast and cheaper than paying via Paypal and other payment processors. Also more and more people are using bitcoin now so why not take bitcoin as a payment gateway fr merchants also? It makes sense not to convert bitcoin in order to use it.

The truth is Bitcoin wallet to wallet transactions are slower that Paypal it needs 3-6 confirmations in order for it to appear on your wallet, maybe it because of the amount of transaction traffic they are getting you can send Bitcoin for as low as .0001 Bitcoin. In order for more customers to use Bitcoin they need to have faster confirmations so they don't have any waiting time if the payment is received or not.

qiwoman2

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Transaction costs are fast and cheaper than paying via Paypal and other payment processors. Also more and more people are using bitcoin now so why not take bitcoin as a payment gateway fr merchants also? It makes sense not to convert bitcoin in order to use it.

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Quote from: South Park on September 30, 2016, 05:37:32 PM

Quote from: Reid on September 29, 2016, 08:54:02 PM

I prefer using it just because of money transfer. It is way too cheap for the service fee unlike others. But with buying a thing using it I cannot answer yet, i haveny tried it since I got here. All transactions are just online and never with a store outside or at the mall.

You must take into account that, when dealing with physical merchandise the problem of how to remain anonymous escalates, if you don’t care then that is fine but if you do then remaining anonymous is a lot harder.

They cannot just deal with anonymous transaction because such establishment will not be able to comply with the laws of the country, if a certain store will accept bitcoin they will comply the customers to declare there real information in order to comply with the law.

South Park

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Quote from: Reid on September 29, 2016, 08:54:02 PM

I prefer using it just because of money transfer. It is way too cheap for the service fee unlike others. But with buying a thing using it I cannot answer yet, i haveny tried it since I got here. All transactions are just online and never with a store outside or at the mall.

You must take into account that, when dealing with physical merchandise the problem of how to remain anonymous escalates, if you don’t care then that is fine but if you do then remaining anonymous is a lot harder.

peta4e

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Bitcoin is a best as a digital currency and it can be used for online transfers and online shopping with very less fees and if you can afford to save them then it can be an best investment for the future.

dharkmadder

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Creditcards might not have a processing fee "although some local cards do" but have a bigger loss taken as fees and interest over long term way more than the 3 cents that you pay for the miner to include your transaction in the block.

agustina2

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Quote from: freedomgo on September 29, 2016, 04:02:15 AM

To be a successful investor you must have the will to succeed and you designed your own method or improve that method that you read online, it is not necessary to trust other people on your decision because with enough knowledge you will be confident of you decision.

Well why people would invest on something if they don't have a will to succeed in the first place?

Also hearing thoughts are just for suggestions purposes but still the investor itself will take care of the final outcome plan.

springgers

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Quote from: Script3d on September 28, 2016, 04:19:20 AM

unlike other payment i would choose bitcoin faster transaction confirmation low fees and you can even decide what will gonna be the transaction fee unline paypal you need to pay like 1$ as transaction fee unlike bitcoin you only need 3 cents

3 cents? are you sure?
By the way, the fees of Bitcoin will increase more and more since the blocks have a low size...

Reid

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I prefer using it just because of money transfer. It is way too cheap for the service fee unlike others. But with buying a thing using it I cannot answer yet, i haveny tried it since I got here. All transactions are just online and never with a store outside or at the mall.

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Quote from: Script3d on September 28, 2016, 04:19:20 AM

unlike other payment i would choose bitcoin faster transaction confirmation low fees and you can even decide what will gonna be the transaction fee unline paypal you need to pay like 1$ as transaction fee unlike bitcoin you only need 3 cents

i would definitely choose bitcoins over anything else too, to be honest i have a feeling that it will grow soon

South Park

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Quote from: titibach on September 28, 2016, 06:36:38 PM

Quote from: Hugroll on September 28, 2016, 06:13:53 PM

customers would use bitcoin to pay for goods/services because its anonymous. you do need to send out your personal information or any identity and you can pay for anything easily. Tongue

I think most of the customers use bitcoins because they now that bitcoins are secure as bank while at the same time they know that the transaction once made is final and irreversible, so the money they see in their wallet is actually their's. No one can reverse it.

I think that is an advantage for the merchants and not the customers but I know what you are saying the impossibility of any kind of chargeback is one of the characteristics that make bitcoin the best online payment method to date.

skinnyboy

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Would people please stop saying bitcoin is anonymous?

It isn't anonymous, it's pseudo anonymous at best. You have to go to some effort if you want actual privacy on a public blockchain like btc.

Apologies if it sounds like a rant, I happen to think it's important that what information we share here is as accurate as possible though :-)

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Quote from: Indrawan77 on September 28, 2016, 12:25:11 AM

Quote from: jossiel on September 27, 2016, 11:34:10 PM

Quote from: tempo7 on September 27, 2016, 07:20:40 PM

i stopped gambling first of all but if i had a chance to meet with bitcoin for instance 2 years ago, i definetely gamble with bitcoins because you are full of anonym and it is the best specialty of bitcoin..

Well we must not try to encourage customers to gamble and use bitcoin so that they are going to experience perfect gambling experience.

But I can't deny that because of the gambling industry in bitcoin it is making the demand of bitcoin higher and that is helping the economy of bitcoin to keep on working.

Let's just tell them that if they are going to use bitcoin, they are going to experience convenience shopping although limited stores do accept bitcoins.

I agree we don't want any perception that because of bitcoin we drag people become addicted to gamble, we just want to give freedom for player to be able to play with the currency they see fit, it's better we introduce bitcoin as the future decentralized currency that can be used for transaction and investment, so the customer will want to use bitcoin as their transaction next time

in some countries gambling highly prohibited even my father was ever in jail for one year for being caught gambling with his friends, oh it was so depressing I think bitcoin provides many facilities such as anonymity and decentralization and I think if you're a gambler acute you will not be jailed even if you gamble in a country that prohibits gambling

titibach

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Quote from: Hugroll on September 28, 2016, 06:13:53 PM

customers would use bitcoin to pay for goods/services because its anonymous. you do need to send out your personal information or any identity and you can pay for anything easily. Tongue

I think most of the customers use bitcoins because they now that bitcoins are secure as bank while at the same time they know that the transaction once made is final and irreversible, so the money they see in their wallet is actually their's. No one can reverse it.

Hugroll

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customers would use bitcoin to pay for goods/services because its anonymous. you do need to send out your personal information or any identity and you can pay for anything easily. Tongue

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Quote from: zahra4577 on September 28, 2016, 04:22:30 AM

Quote from: bravehearth0319 on September 26, 2016, 10:31:14 PM

Many customers here use bitcoin because they know themselves the benefits and edge of it. Aside from that there is a lot of things that bitcoin can help to anyone. Moreover, it can give convenience for the individuals, business investment, and also can give a part time job/income.

what convenience can bitcoin give to individuals if you can please explain because I dont think it has any advantage

of course it has a lot of advantages, first of all it is anonymous and moreover you can use it without banks

South Park

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Quote from: tempo7 on September 27, 2016, 07:20:40 PM

i stopped gambling first of all but if i had a chance to meet with bitcoin for instance 2 years ago, i definetely gamble with bitcoins because you are full of anonym and it is the best specialty of bitcoin..

Bitcoin casinos have been a tremendous success for that reason since some countries don’t like the idea of online gambling its citizens have opted to use bitcoin as a way to circumvent the prohibition.

thelord12

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Many people don't love to investigate and learn about new things, so they rejects everything this is not very popular or "must have". Others are very scared to invest in something volatile as bitcoin. Fear is greatest enemy of bitcoin (fear of losing money, fear of hackers..)

Topic: Why would customers use Bitcoins? - page 26. (Read 133905 times)