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I don't. I pay the counterparty directly with lightning for under 200 fiat equivalent, or on chain for larger purchases. The point is, I never need to buy fiat
by plebianRube 4y ago
I don't. I pay the counterparty directly with lightning for under 200 fiat equivalent, or on chain for larger purchases.
The point is, I never need to buy fiat (what you call withdrawing)
- HWR_14 4y agoIs "under 200 fiat" the same as "under $200 transaction fee" in USD? And where are you that most counterparties accept BTC? El Salvador?
- inkcapmushroom 4y agoNot the parent, but I think they meant "for purchases under $200 in value I use the lightning network, for larger transactions I do a direct transaction". The $200 was not talking about transaction fees AFAIK.
- HWR_14 4y agoDoesn't using the lightning network necessitate moving the BTC to it?
- YetAnotherNick 4y agoEither you are living in a completely different world or exaggerating the number of transactions by a lot. I do dozens of transaction per day from grocery to digital items to service to bill payment to repair and so much more. I am pretty sure almost no one in that group accepts crypto.