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If you don't mind me asking, what types of transactions do you currently use it for? Based on the current technology and fees, it is quite expensive to transact
by xur17 9y ago
If you don't mind me asking, what types of transactions do you currently use it for? Based on the current technology and fees, it is quite expensive to transact, and really doesn't make sense for me.
That said, I can see a future for it if something like lightning network ever gets released (and actually works).
- freeone3000 9y agoBitcoin has a flat fee per transaction, so even at $6 it doesn't take a lot of money until it's winning out over the 5% PayPal takes.
- ac29 9y agoBitcoin has any fee you want per transaction, from 0 to all the bitcoin you control. The more you pay in fees, the more likely it is to be included on the blockchain sooner.
- helen842000 9y agoCurrently it doesn't make sense to use it for transactions with it changing wildly from one hour to the next which is a shame. I will be glad when it settles down. However I have in the past used it for online transactions and used it in small bars/restaurants and used BTC ATMs