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> Commercial bank to bank transfers costing $50 in total fees isn't unusual This is interesting. What amounts are we talking about here? What would be the equi
by vmurthy 5y ago
> Commercial bank to bank transfers costing $50 in total fees isn't unusual
This is interesting. What amounts are we talking about here? What would be the equivalent tx costs if BitCoin were used do you know?
- crazypython 5y ago$50 is for wire transfers, usually used for amounts above $1000. $35 for sender, $15 for receiver. The equivalent transaction costs would be $0.53- Bitcoin fees don’t increase if the amount is higher: https://mempool.space/ https://mempool.space/ (and it works on weekends and arrives in an hour) If Bitcoin means “be your own bank,” Bitcoin is a decent bank. You can even get a trustless, psuedonymous Visa debit card with Lightning: https://paywithmoon.com https://paywithmoon.com