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There are still fees everywhere. fees for each trade. Fees for selling usdc for usd. Fees for just interacting with the chain in the first place. What’s more
by dartos 2y ago
There are still fees everywhere.
fees for each trade.
Fees for selling usdc for usd.
Fees for just interacting with the chain in the first place.
What’s more is your transaction is in competition with other similar transactions based on how much fee you’re willing to pay, so the fees are extremely volatile.
But it is much much faster and imo less nerve wracking than waiting for western union.
- Zanfa 2y ago> But it is much much faster and imo less nerve wracking than waiting for western union. I have a feeling you don’t do international transactions. It’s not a binary decision between Western Union and crypto.
- davidw 2y agoI don't know if it's the same between other countries, but we've sent money back and forth between Italy and the US with "Wise" (Transferwise) and it was quick, cheap and easy and didn't feel shady.
- diggan 2y ago> There are still fees everywhere. Yes, technically that's true. But there is still (at least personally) a big difference between paying 5 EUR for sending a transfer of 100 EUR and then the receiving having to pay 5 EUR to withdraw it on the other side, and having to pay ~1 EUR in network costs when sending USDC, and then the receiver can use it without having to pay more. > What’s more is your transaction is in competition with other similar transactions based on how much fee you’re willing to pay This is a non-problem for basic transfers really, not even once during ~3 or more years have my transactions failed to execute or take longer than a minute or two.