Post
Topic
Board Bitcoin Discussion
Re: Bitcoin payment processor - technical advice needed
by
Artemis3
on 24/12/2019, 20:22:22 UTC
Thank you guys, really amazing.
And I know what my options are now, basically the only alternative is a crypto debit card which works on the Visa/MC system, with additional fees and often no access to private keys for the crypto coins.

So buwaytress is probably right, it's simpler to convert the FIAT into crypto for the time being, and pay with crypto directly, whenever and whereever it is possible.
Otherwise I will end up paying unncessary fees for convertion. I think we are not that far away from a greater number of crypto-friendly services, recently booking com added crypto payments (although I haven't discovered it on their website yet, but articles were there), so others should follow soon.

We are the Revolution! Smiley
Merry Christmas by the way to all of you!

You could also exchange back into FIAT only the amount you will need to spend, and keep most of your bitcoin as savings. If you are earning in fiat, i guess you could exchange a part of it into Bitcoin and leave the other part for expenses.

This is the problem with the transition, the waste of time and fees exchanging fiat to bitcoin, and bitcoin to fiat. Payment processors merely do that for you, and for that you have to pay their fees. But if you are earning in bitcoin, things like that Skrill card can be very useful in exceptional situations.

And do not underestimate the idea of being your own bank. It is both a blessing and a responsibility. Learn how to properly manage your wallets, have a savings cold wallet and a "change" daily use wallet, etc. Then enjoy the world of a bankless life.