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I use it almost daily, don't have any issues. I run my own node though for my main "wallet". I've done transactions of up to 3k without hick-ups. Any custodial
by kevinak 5y ago
I use it almost daily, don't have any issues. I run my own node though for my main "wallet". I've done transactions of up to 3k without hick-ups.
Any custodial ones I have tested have worked well, though.
- ArtTimeInvestor 5y agoWhat do you use it for? Any benefits over paying with credit cards / cash / direct deposits?
- kevinak 5y agoThe larger transactions have all been to transfer funds between exchanges. Very easy to transfer in and out when I want to quickly enter leveraged positions. It reduces counter-party risk for me. For the day-to-day stuff it's obviously not as widespread as credit cards and I can't use it for much. For those situations I top up a debit card (Lastbit) using lightning. In addition to that I spend a fair bit of money on Bitrefill. Obviously also a stop-gap until wider adoption gets here. For someone living in a country where it's easy to send money locally and where cash isn't very common I don't think the benefits are apparent yet, for me personally. In my business I do receive a number of payments from abroad that always take at least a day to arrive and some funds are lost due to bad exchange rates. Lightning would help a lot here.