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I mean my bank (Monzo) charges $0.40 for a small international transfer, and $3.20 for one that is $1000, so depending on the transaction size in most scenarios
by Closi 5y ago
I mean my bank (Monzo) charges $0.40 for a small international transfer, and $3.20 for one that is $1000, so depending on the transaction size in most scenarios for me personally bitcoins fees would be WAY higher and will presumably only grow more if Bitcoin gains further adoption.
The problem is that the Bitcoin fee is also payable on all domestic transfers too, which of course are free in traditional banking.
- ipaddr 5y agoIf your account is frozen for whatever political reason your bank can't help you. Bitcoin fees can be 15 cents. I think it is a dollar now. Plus the 10,000 or 100,000 limit you would have could prevent you.
- Closi 5y agoYeah but the question was about transaction fees so why are we now talking about freezing accounts?