Thoughts on Bitcoin as payment?

[Mr. HIND]

Every single time I have tried it never seems to work. Haha that could be a user issue here. I just did not take the time to figure it out. A blacklisted vendor wanted me to try it. A very famous blacklisted vendor and every name I was given would not go thru. So I have not tried it since.

in cryptocurrency transfers addresses are used. No 'names'

Here's a hypothetical wallet address: 14u8mYiiXzx7cF4EweyWVF4gkFrEsx61Mc

If a seller is requesting payment by Bitcoin they will email you their wallet address, like the example above. From there you log into your wallet, enter the sellers wallet # (Copy n paste) then transfer the appropriate funds from your wallet to theirs.

Coinbase does have a waiting period before the funds can be transferred to another wallet which is a little over two weeks.  You can trade the bitcoins right away, but you have to wait to transfer them.

I haven't used them lately but never experienced a waiting period of weeks. Usually 3 to 5 business days to transfer funds from bank to wallet. like any ACH bank transfer.

Wallet to wallet should take minutes or maybe hours depending on blockchain priority.

Weeks wont work for most users so not sure what the issue is there. Maybe your bank? Def. check it out because transfers shouldn't take that long. Much suffering in the process....

MH