I don't understand , I live in india and here we can use UPI like google pay and phonepay to easily pay money within seconds and a touch and no extra cost or transaction fees is taken . But when i try to ay with bitcoin like 1000 ruppes i have to pay around 120 ruppes in fees to get the transaction done in 10minutes . So for a order of 1000 i have to pay 1120 ruppes and also wait for 10minutes for the transaction to be done .
So why is bitcoin or any other cryptocurrency more reliable or disruptive if it cant even help me in paying a simple small amount . Can somebody lease elaborate what i am missing here . Thanks in advance
Actually you are new to the trading of crypto,so it's seems as a big fee. But from long the fee is like that in exchanges.The normal transaction was happen with of bank account ,so you no need to pay anything as a fee.While trading of bitcoin,the exchange is acting as a middle man to earn something as a fee.