Bank of America Charges Clients 6000x More in Fees Than Bitcoin
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Bank of America Charges Clients 6000x More in Fees Than Bitcoin
1–9 of 9 posts
Re: Bank of America Charges Clients 6000x More in Fees Than Bitcoin
#2"While Bitcoin critics claim the cryptocurrency is too expensive to use for transactions"
The critics aren't talking about $90k wire transfers, they're talking about $30 gas purchases.
Re: Bank of America Charges Clients 6000x More in Fees Than Bitcoin
#3[deleted]
Re: Bank of America Charges Clients 6000x More in Fees Than Bitcoin
#4This ignores commission in and out of Bitcoin.
Re: Bank of America Charges Clients 6000x More in Fees Than Bitcoin
#5"While Bitcoin critics claim the cryptocurrency is too expensive to use for transactions" The critics aren't talking about $90k wire transfers, they're talking about $30 gas purchases.
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Re: Bank of America Charges Clients 6000x More in Fees Than Bitcoin
#6I hope the author doesn't seriously believe that people's purchases out of their bank accounts come with the same fees as wire transfers. That isn't how a bank account works.
Re: Bank of America Charges Clients 6000x More in Fees Than Bitcoin
#7Whenever this is brought up in the pro crypto circles, they always fail to mention alternatives like Transferwise that, with less hassle, can transfer money for cheaper than crypto.
Those services are the real competition to crypto based remittance and they're absolutely winning for the legal markets.
Re: Bank of America Charges Clients 6000x More in Fees Than Bitcoin
#8ACH is literally free, and is offered by Bank of America.
Re: Bank of America Charges Clients 6000x More in Fees Than Bitcoin
#9I’m willing to have peace of mind that my money won’t dissappear (and will be replaced if it does) and forgetting my pin doesn’t keep me from my money forever.