Post
Topic
Board Bitcoin Discussion
Re: Bitcoin can't be used for transactions?
by
pinggoki
on 01/03/2021, 11:49:53 UTC
From what I've read, Bitcoin now charges high transaction fee and long transaction wait time so it can't presently be used:

a) for a conversion from Bitcoin to cash?
or b) purchases using Bitcoin? Huh
Yes the charges right now when you are transferring bitcoin to other bitcoin address is quite high but it is because of the price of the bitcoin which is $50,000 so it affects the price of the fees when you are doing transaction, when it comes to the transaction time I've encountered so many times that the transaction was really take so long and the reason behind this is because of the many people are having a transaction over the platform and it causes traffic so that's why the transaction takes some time.