Post
Topic
Board Trading Discussion
Re: Is bitcoin better or paypal?
by
randy8777
on 21/10/2016, 13:56:08 UTC
Paypal is accepted universally for payments for goods. Bitcoin is not accepted by all traders that is the only drawback for payment through Bitcoins.Use Bitcoins for transaction of big .amounts since transaction fee is high in paypal

Bitcoin is the best when it comes to money transfers as it involves very low fees but when it comes to online shopping I will still prefer to use Paypal as it is accepted almost on all sites.

The fee was very low in the past. But it has risen in the past two years as there are transactions gradually.

the average fees will only go up in the coming years as pools will more and more depend on income from transaction fees. but right now you can already notice that when you use the recommended fee of 0.0001btc, that it isn't always enough to get your transaction confirmed within 2 blocks. and yes, i know that it also has to do something with the byte size of the transactions, but that's not the problem in this case.