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I usually send money across borders using Wise.com or wire transfers. What am I missing out on with bitcoin?
by eli 4y ago
I usually send money across borders using Wise.com or wire transfers. What am I missing out on with bitcoin?
- okokwhatever 4y agoFees
- tnel77 4y agoWhat are the associated costs with those services?
- xigoi 4y agoProbably lower than with Bitcoin.
- tnel77 4y agoReally? I wasn’t aware you could send $1k for Pennie’s like you can with Bitcoin. Very cool!
- eli 4y agoYou mean the equivalent of $1k based on the spot price of bitcoin? But I don't have bitcoin and my recipient doesn't want bitcoin. If I send $1000 USD to my friend in Australia using bitcoin how much AUD do they receive? And what does that process look like?
- eli 4y agoA fraction of a percent.
- tnel77 4y agoNot too bad. Bitcoin would probably only be worth it if you were moving larger amounts.