Post
Topic
Board Bitcoin Discussion
Re: It is pointless if the BTC fees increases along with rise in BTC price!
by
Vishnu.Reang
on 28/12/2020, 07:50:37 UTC
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.

P2P transactions involve very low fee and can be an attractive option for making small-sized payments. But we can't ignore the disadvantages while performing such transactions. The advantage with direct payments is that we are making the transaction using our own wallet and no one will be able to seize the funds that are stored in them. But custodial wallets are centralized and there is a small chance that the service provider can freeze your account, or even seize your coins.