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Nerver used bitcoin, but cannot you simply create another bitcoin account for petty cash VISA transactions and transfer funds when need be?
by antaviana 11y ago
Nerver used bitcoin, but cannot you simply create another bitcoin account for petty cash VISA transactions and transfer funds when need be?
- cookiecaper 11y agoYou can, but ironically, transfers are not painless in Bitcoin. It can take over 60 minutes for a transaction to be "confirmed", meaning the network has verified that the coins you spent were rightfully yours to spend, and there needs to be a transaction fee attached so that miners are incentivized to check your transaction. Many bitcoin users prefer to generate a new incoming address for each transaction to improve privacy (Bitcoin is "anonymous" only insofar as your legal name is usually not directly attached to the transaction; in most other ways, it's more traceable than the alternatives).
- mynameisvlad 11y agoIf you have two Coinbase accounts, transfers are immediate (since Coinbase still owns the bitcoins, they just move them internally): https://support.coinbase.com/customer/en/portal/articles/1392055-why-can-t-i-see-my-transaction-in-the-blockchain-?t=531816 https://support.coinbase.com/customer/en/portal/articles/139...