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Sending funds to family in a different country. It's a use case I have not had experience with but which I think makes sense.
by kovek 9y ago
Sending funds to family in a different country. It's a use case I have not had experience with but which I think makes sense.
- leereeves 9y agoIs it really cheaper or easier to buy BTC, transfer them, then sell them than to transfer money through a traditional service?
- nrhk 9y agoFaster and cheaper with segwit not sure what its like currently. I transferred 5k to someone in 40 seconds for like a 20 cent fee with Eth a few months ago, it could be 100k and the fee would stay the same too. You also get the money immediately without it going through the ACH network.
- leereeves 9y agoThat's if you already have BTC and the person you're transferring to wants BTC, but if you're simply using BTC as a way to transfer fiat money from one country to another, there are more fees and delays in the buying and selling.