Post
Topic
Board Bitcoin Discussion
Re: It is pointless if the BTC fees increases along with rise in BTC price!
by
Swordsoffreedom
on 28/12/2020, 07:42:36 UTC
~
BTC becomes useless if I want transfer my coffee bill worth $5 or lets say lunch of $50 bucks if I have to pay more than 10-15 USD for single transaction.
It feels like I am literally overpaying for the little transactions.

Where there are problems, there are solutions too. I always say if you want to use Bitcoin to buy grocery items or pay coffee bills, use your state's popular custodial service. This problem can be solved by making custodial p2p transactions for a small amount of transactions.

For example, Coinbase is the most widely used custodial wallet in the United States, India, and many more countries. Luno Wallet is very popular in Africa, Indonesia. In the case of little transactions, there is no extra fee to pay for P2P transactions using these wallets.