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> Visa and Mastercard are taking a 3-4% cut have you tried buying anything with bitcoin? currently the transaction fee is almost $2 to have your transaction c
by fnord77 7y ago
> Visa and Mastercard are taking a 3-4% cut
have you tried buying anything with bitcoin? currently the transaction fee is almost $2 to have your transaction confirmed within 10 minutes.
Not a lot on big purchases, but that's 20% if you're say trying to buy a $10 lunch with bitcoin.
- vpzom 7y agoBitcoin isn't the only cryptocurrency, and many others have much lower fees
- marcus_holmes 7y agoIt's the only cryptocurrency that anyone outside of the crypto world has heard of/takes any interest in/would consider letting you buy their stuff with
- noob_slayer 7y agoHave you tried buying anything with Bitcoin Cash? Currently the transaction fee is under 500 satoshi (about 1/5 of 1 US cent) to have your transaction included in the next block.
- bildung 7y agoBecause no one uses it, or not? Transaction prices are determined by supply and demand on Bitcoin Cash, too, AFAIK.
- stef25 7y ago> lunch Bitcoin fees are basically just the price you pay for having drugs delivered to your house.