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0 pointsviraptor4y ago0 comments

> Currency/btc conversion fees are more expensive than any transaction fee.

Not sure what exchange you're using, but 0.1% on market trades is pretty common. That's very low compared to most fees.

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3 comments · 1 top-level

NicoJuicy4y ago· 2 in thread

You are misunderstanding the op.

He wants a payment processor for merchants, eg. bitpay.

1% transaction fee

Exchanges then have a:

- 0,1 % withdrawal fee

- Unknown/hidden? currency conversion fee. I would think there is a fee here, but i didn't find it documented.

Additionally, exchanges like Binance are banned in many places ( because of tether fraud). Coinbase would be one of the only exchanges to consider as a business in eg. The US.

rvz4y ago

And this has all been solved with the USDC stablecoin sitting on cryptocurrencies like Stellar. Just use that.

Job done.

Downvoters: So you are saying businesses can't use it?

NicoJuicy4y ago

USDC != USD.

Pegged to it doesn't mean it's the same.

While USDC is backed by Coinbase and more trustworthy than Tether. A lot of it is still going to uncharted territory.

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