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Cryptocurrencies are a great way to pay remote employees or contractors with low fees.
by Geee 8y ago
Cryptocurrencies are a great way to pay remote employees or contractors with low fees.
- swyx 8y agowhat are the fees all-in? just buying the thing is say 1% then you have miner's fees of 0.3%? something like that?
- Geee 8y agoTransactions in cryptocurrency can be zero-fee with NANO. Bitcoin transactions can be also free or almost free when using Lightning network. On-chain Bitcoin transactions are priced by markets and can be high when the network is congested, but are currently very low (about $0.2). Exchanging to and from local currency depends on how you do it. Most of the cost comes from the volatility, which in general might turn into profit as well. Exchanging at ATMs or 'quick buy/sell' services can be pricey (5% or so). Transferring fiat currency to/from a bank account is generally free.