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I've used eth twice for motorcycle purchases from private sellers. Perhaps it's useful in for medium-large purchases.

• rootusrootus 5y ago
  Does it have a particular advantage over something like Venmo or Zelle? At least in the US?
  • reidjs 5y ago
    I think Venmo has a limit on how much you can transfer in a day
    • rootusrootus 5y ago
      That is a good point. It looks like they have a $4999.99 limit in any seven day period [0]. That is also the single-transaction limit (though there are some variations if you are doing transactions with a merchant and not another private individual). Zelle has higher limits (over seven days, at least), but more of them. $3500 in a day, $10000 in a seven day period, or $20000 in a 30 day period [1]. So for certain high-dollar cash-equivalent transactions, these might not be the best choice. Though personally I think I'd probably end up using something more formal if I were transferring that kind of cash in a single private party transaction. [0] https://help.venmo.com/hc/en-us/articles/221010968 https://help.venmo.com/hc/en-us/articles/221010968 [1] https://www.bankofamerica.com/online-banking/zelle-transfer-limits/ https://www.bankofamerica.com/online-banking/zelle-transfer-...
    • unemphysbro 5y ago
      That was the reason, both cases the bikes were $7&9k and I had some surplus crypto :). Both sellers were happy accepting crypto. Otherwise, I stick to the traditional cash-in-hand.