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A comment on Web3 is centralized and inefficient. Parent comment

Re:Web3 is centralized and inefficient by moffkalast on Wednesday March 23, 2022 @11:17AM (#30779339)
Assuming you want to actually get bitcoin first you'll need to buy it on an exchange which will charge your absurd fees to transfer it into your own wallet. And if you ever want to do the reverse you'll get charged those same absurd fees again.

In the middle you have the space where you can do BTC to BTC transactions with somewhat smaller fees, sure.

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Re:Web3 is centralized and inefficient by dns_snek on Wednesday March 23, 2022 @11:51AM (#30779742)
That depends on the exchange, some charge extremely high fees, others charge minimum fees.

As an example, Coinbase charges reasonable withdrawal fees that correspond to the actual TX fee, around $0.05 when I last used it a few weeks ago. Others charge absurdly high fees, biggest examples of that being Binance and Bitstamp that charged ~$20 for a Bitcoin withdrawal around the same time Coinbase was charging $0.05.

Point being, different exchanges charge different fees, and LocalBitcoins is always an option if you want to avoid exchanges altogether.

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Re:Web3 is centralized and inefficient by jermaustin1 on Wednesday March 23, 2022 @12:28PM (#30780191)
Like I said, I don't use crypt much, I mine it, then transfer around what I've mined, and use it to buy if the option exists.
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