Re:Is Bitcoin a Scam?
by lxgr on Tuesday January 19, 2021 @06:17PM
(#25840302)
True, many banks charge unreasonable fees for international transactions, but that‘s fixable: There is a very competitive market for international money transmission.
You‘re probably losing out much more than $13+$15 on bad exchange rates in the process too, so you should definitely shop around for options.
Chances are that the same transaction on Bitcoin, including conversion fees between your client‘s currency X and BTC, and BTC and your country’s currency Y (which you definitely will need, if not for food, then at least for income tax) is more expensive.
You‘re probably losing out much more than $13+$15 on bad exchange rates in the process too, so you should definitely shop around for options.
Chances are that the same transaction on Bitcoin, including conversion fees between your client‘s currency X and BTC, and BTC and your country’s currency Y (which you definitely will need, if not for food, then at least for income tax) is more expensive.