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Crypto is far from frictionless. You need to set up a wallet, find an exchange that will take your local currency, take that currency to some kind of bank Bitc
by naet 4y ago
Crypto is far from frictionless. You need to set up a wallet, find an exchange that will take your local currency, take that currency to some kind of bank Bitcoin ATM or other digitizing service, find the destination wallet address, avoid being scammed or having your money stolen, make the transaction covering any additional fees, and be sure you have enough extra to cover any fluctuations in price. Many people won't be technical enough to do that and it isn't easy everywhere.
Also one US dollar can be a relatively big fee, depending on your circumstances, unfortunately.
- kragen 4y agoit's far from frictionless but it's feasible most of the people who buy and sell cryptocoins here in argentina aren't very technical the reason the transaction fee matters is that it puts a floor on how small a submission fee you can reasonably charge; 1¢ wouldn't work, but US$1 or US$10 could