Do you use cryptocurrency?
3 years ago
I'm looking for an adequate payment method so I want to ask you a couple of questions
How many of you have a crypto wallet?
Will it be convenient for you to pay commissions and ych through it?
Do you have any bias towards such a payment method?
How many of you have a crypto wallet?
Will it be convenient for you to pay commissions and ych through it?
Do you have any bias towards such a payment method?
FA+

those. dollar - cryptocurrency - other currency
but I didn't think about it from that point of view... good food for thought, thanks!
1. instability. its price can and does fluctuate wildly. Sometimes gaining or loosing hundreds of dollars in a single day.
2. ease of conversion. most exchanges now require a lot of personal info to setup to allow one to convert a National currency into Crypto, and then ontop of that have holds on the funds preventing one from say, converting 50$ to a crypto, sending to someone, then that person converting back to a usable currency in a day or two. sometimes due to various holds this can take multiple days, or even a week or more on both ends of this transaction.
in addition, these exchanges can also have minimum value transactions. like, only allowed to convert a minimum of 100$ into crypto, then 100$ worth of that crypto back into $. which can be a problem as a small amount of crypto is lost in the transfer of one wallet to another.
That being said, Crypto is something to keep on the backburner as a just in case especially due to various sanctions and the like in the world today. it is likely the easiest way for normal people to bypass such international sanctions. and by far, one of the most reliable assuming both people have a way to exchange from local currency to crypto and back.
It would likely be worth it to set up some way to do this as a just in case, but use it as a last resort and do not rely on crypto for transactions. unless you happen to live in El Salvador where they made Bitcoin their national currency.
this information was very helpful for me!
I think its a dangerous thing to get into too. You never know when its going to crash