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A wire transfer fee to China would cost me ~$45. Sending it in bitcoin would cost ~$17.
by knicholes 9y ago
A wire transfer fee to China would cost me ~$45. Sending it in bitcoin would cost ~$17.
- pishpash 9y agoWhile you take on a huge amount of risk. Congratulations on "saving" that $28. Not to mention since you can't really spend bitcoins you'll have to pay more for conversions to national currencies on both ends.
- highd 9y agoThis is a great example of where crypto would be useful. But it's not the same as paying for pizza.
- topmonk 9y agoActually, even less than that. To get an avg sized txn sent within the next 14 hours it would cost: 226 * 100 * 0.0000001 * $17761 = $4.01 https://bitcoinfees.earn.com/ https://bitcoinfees.earn.com/
- tehlike 9y agoHow much was the exchange difference?
- knicholes 9y agoNo idea. I just went into the bank and said I needed to send money to China.