Re:Bitcoin mining is being banned in countries across the globe
by hffftz on Monday January 10, 2022 @01:11PM
(#29878931)
> Coinbase looks like it would take 1.49%+$2.99 at each end for a large end-to-end.
You should look into other cryptos.... bitcoin is not the one with least fees...
Re:Bitcoin mining is being banned in countries across the globe
by oliwarner on Monday January 10, 2022 @01:49PM
(#29879590)
Rather than me "doing my own research", you could provide some indicative figures, like I did. It speeds up discussion.
But whoever you pick, if you have to buy it with a card, chances are you're going to pay that card processing fee and a withdrawal fee at the other end. However you look at it, it's three transactions instead of one.
Re:Bitcoin mining is being banned in countries across the globe
by hffftz on Monday January 10, 2022 @02:26PM
(#29880373)
I'm not sure which one has the least fees (which is why I didn't go into specifics).. and it probably changes often... (but Bitcoin isn't one of them).
Ideally, an app would pick the best one at the time of transaction?
Edit: and just today I had issues receiving a wire transfer from Canada, again, and it was less then $1k (because of my home address)
The sender doesn't have to buy Bitcoin first. They don't have to wire it to me. I don't have to turn it back into money (at God knows what rate). Coinbase looks like it would take 1.49%+$2.99 at each end for a large end-to-end.
And 1% is expensive. My bank charges a flat £25 for sending internationally. Many other banks and companies charge considerably less.