11-26-2019, 10:36 PM
My favored newsagency accepts payment by Bitcoin OR Western Union+5% (because some-one physically has to go to the WU office and collect the payment).
Their BTC quote is good for 24Hrs, so that means I don't have to worry too much about a BTC crash.
What continues to cause me some aggravation is the fees that are encountered along the way.
The bank I transfer from charges me an International Transaction Fee (to the tune of $6:25 for a $250 transfer)
Then my digital currency exchange (where my BTC wallet is held) charges me $9:59 to transfer my BTC to the newsagency.
Then the Blockchain (the backbone of the whole system) takes a small % of the transfer.
So $250 actually ends up costing around $266.
I guess what you pay for is the use of a system that (apparently) keeps all of your information secure.
It is an easy system to use, once you've done it a few times, but don't think that all you need to deposit is the amount you've been quoted for your mags.
These days I know to add 10% more than the quote - just to ensure smooth sailing.
And if there's a few dollars left over in my wallet, it can sit there until the next order.
Everyone involved along the way takes their cut.
Their BTC quote is good for 24Hrs, so that means I don't have to worry too much about a BTC crash.
What continues to cause me some aggravation is the fees that are encountered along the way.
The bank I transfer from charges me an International Transaction Fee (to the tune of $6:25 for a $250 transfer)
Then my digital currency exchange (where my BTC wallet is held) charges me $9:59 to transfer my BTC to the newsagency.
Then the Blockchain (the backbone of the whole system) takes a small % of the transfer.
So $250 actually ends up costing around $266.
I guess what you pay for is the use of a system that (apparently) keeps all of your information secure.
It is an easy system to use, once you've done it a few times, but don't think that all you need to deposit is the amount you've been quoted for your mags.
These days I know to add 10% more than the quote - just to ensure smooth sailing.
And if there's a few dollars left over in my wallet, it can sit there until the next order.
Everyone involved along the way takes their cut.
There's a difference between having an opinion and having an informed opinion.