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$5 transaction fee for bitcoin versus [1] free (cash/checks), 30 cents + 3% for most credit cards. Unless you are sending huge amounts of money, bitcoin is mor
by mrep 9y ago
$5 transaction fee for bitcoin versus [1] free (cash/checks), 30 cents + 3% for most credit cards.
Unless you are sending huge amounts of money, bitcoin is more expensive.
[1]: https://www.reddit.com/r/btc/comments/6gek0z/average_bitcoin_transaction_fee_is_now_above_five/ https://www.reddit.com/r/btc/comments/6gek0z/average_bitcoin...
- Frogolocalypse 9y ago> [1] free (cash/checks), You realize there's no such thing as 'free' right? What's the saying? "If you don't know who is paying for a product you're using that's free, you're the product."
- the_gastropod 9y agoYes. Banks give out loans. And they share a (tiny) part of their proceeds with their account holders! And the cost of this to the end-user is the risk that if everyone simultaneously tries to withdraw their money, the bank won't have it. That's happened once in U.S history. I think it's a safe enough bet.