2 ms·
I haven't really measured it, but the last time i transferred BTC (from Localbitcoin to my personal wallet) it seemed almost instantaneus. Obviously wasn't real
by ericol 8y ago
I haven't really measured it, but the last time i transferred BTC (from Localbitcoin to my personal wallet) it seemed almost instantaneus. Obviously wasn't really looking at it (And I'm too lazy to go check now) but it was fast, in the order of seconds.
And credit cards - so far - allow to send money in 1 diurection only, plus merchant's costs are way too high compared to BTC.
Thought companies like Revolut are trying to change that.
- gamblor956 8y agoplus merchant's costs are way too high compared to BTC The BTC fee, in USD, is in the double digits--and occasionally bumps into the triple digits. Credit card fees, in contrast, are swallowed by the merchant, meaning that effectively they are free to consumers. Moreover, the basic fundamentals of capitalism guarantee that merchants can't simply raise their prices because other merchants can than compete with them on the basis of absolute price. While I sympathize with the merchants, credit card fees are also miniscule in comparison to the costs of handling paper cash securely, so the ultimate economic case is squarely for accepting credit cards.
- nicky0 8y agoThings have changed in recent months. Right now the typical BTC fee is single digits or less.