Bitcoin Forum

so my friend has money but not same bank as me he was different country but he wanted to give money to me and i need it fast so he bought bitcoin and i got money same day :)

he never used bitcoins and he thinks now its amazing:)  btc really solved that situation that he had different bank then me and not possible physically to give money

First time experience I can see and am glad everything went well despite it is the first encounter with btc between you and your friend, this is why many btc lovers are in favour of it, fast transaction without the middleman,
Am glad he sees positive in btc, I hope he will share his experience with others to understand the simplicity of using btc as an alternative means of transferring funds, experience is the best teacher they say.

Heard about the first bitcoin transaction (https://bitcointalk.org/index.php?topic=137.0)? This is the exact reason why bitcoin was created. Most people think it's about making money. Nah! I'm glad you just had a taste of it. The bank could have asked you to bring documents an all but, thanks to Satoshi Nakamoto!

It's truly amazing that you can receive it without using any third party. I guess you and your friend would love to have and use bitcoin most of the time when you're going to send money to each other.

You can sell and convert it to cash anytime you want but it's best if you'll keep it as it is. Let your friend know more about bitcoin and give him the tutorials that you know that you can find in the forum. Didn't he have difficulties in making a wallet, loading it with bitcoin and sending it if he has never made one before?

That's nice to hear that he/she bought Bitcoin using the bank account in his/her country. I hope some people will also try this one, we all know a lot of people are afraid to use BItcoin, especially in this case, transferring money from another country which in some cases especially different countries, it is really difficult and transaction fees may too much.

It is really awesome that Bitcoin has a peer-to-peer cash system. You can send money as Bitcoin to anyone, anywhere in a very short time. There is no need for a bank account. I believe that the powerful and easy-to-use features of digital currencies will be understood by more people day by day and it will speed up the process of leaving fiat for digital currencies in the future.

This is just the basic thing what bitcoin can offer and discover more since for sure you and your friends will love more the opportunity that can possibly accumulate if you and your friends will explore more the bitcoins and cryptocurrency. For now focus on watching the market and make yourself knowledgeable about trading.

So youre the one who had told him about bitcoin or buying up one for him to set out to you?
This is one of the benefits or pro's of bitcoin where you can sent of coins without any need with having similar banks or what.

As long you do give out your address then you would make out transactions a easy as it can.This had been on of the main factors
on why bitcoin is getting recognized.

I wonder how much miners fee did your friend set up to get confirmed the same day. Since transaction fees today are so damn high, and I'm surprised he didn't reacted so much (I assume since you didn't mentioned about it) about how expensive it was to send Btc from other address.
Nevertheless, that's a good thing hearing someone learned about how Bitcoin help bridge the gap of traditional banking system.

Glad to hear stories like this , even with the current high fees in bitcoin still beat the western union transfer fee and any other outdated payment processsor , time consuming... that the most important part when you use a traditional bank to transfer overseas.
As time goes by i told you guys .. the people needs in bitcoin will increased , the popularity will get boosted and we are stepping in a new phase of mass adoption now though.

This type of first impression needed to Introduce the whole concept of decentralized finance to the newcomers. Im happy for you and your friends.

One of the benefits of using Bitcoin is like that, as a means of payment and transactions globally without a complicated way. In this case, if you use the transfer system through an inter-state bank, of course, you have to go through a series of systems and there is a possibility that it will not arrive on the same day.
Hopefully, more people will realize the benefits of Bitcoin.

I'm pretty surprised that he could directly use the BTC transaction and send it to yours. Probably he used a local exchange or event buying in the P2P market. However please note that your friend should be careful when sending the BTC, moreover he is new, Anf course, You will need to guide them first. And he is better to choose the easy exchange display.

You are right, the fee is so high and it led me not to transfer my BTC into the local exchange yet. For, it will require a high fee that will really
but of course here, much fee us needed to pay the fees

Now and then people are getting into bitcoin usage through different means. Some get into bitcoin out of need, some start using it understanding the truth and goodness of bitcoin. One way or other everything contribute to the growth of bitcoin and making decentralized operation effective against the corrupt centralized system. What we see with people using cryptocurrencies is a beginning to the transition toward a decentralized community.

This was also my thing when I was working abroad for a few years. Sending money back to my home country was never as convenient as when I was using Bitcoin. I started using remittance centers and banks which gave me a lot of hassle, time consuming, and most of all expensive.

I believe Bitcoin's utility is very strong in cross-country transactions, especially involving relatively large amounts. My fellow expat workers back then were also Bitcoin users due to this factor. 

Correct me if I'm wrong here but buying and selling Bitcoin Exchange requires KYC especially when the payment method involves Bank payments. There's no 1-day process KYC approval in exchanges. Or maybe your friend use an ATM or instant exchanges?

Can you share the method?

But the more important thing, that's great that you were able to teach your friend to use BTC instead.

But here in our country, or to be specific, what my relatives abroad use in transferring money, they now have an application used wherein sending money here is 1-click. The recipient will receive their money thru banks and it was really fast and almost instant compare several years before that it takes a week. But I think the availability depends on the supported country.

I wonder too. But I think as long as the goal is achieved now, the sender didn't care for the fee because it's for a friend that needs the money as soon as possible.

The receiver should explain more about the bitcoin fees to encourage their friend to use bitcoin regularly in a transaction like this. Even if the sender thinks bitcoin is amazing, the sender will remember the fees so high, and I'm sure if it's not urgent, the sender will find another method to send money with a lesser transaction fee.

I think this is the best way for him to use bitcoin and not use a bank to send money, so this way he doesn't get a big cut by buying Bitcoin to transfer you, but what confuses me is, you say your friend never uses Bitcoin then how does he know Bitcoin and how to transfer it? whether he asks other people to tell him how it works or you tell him how to buy and transfer Bitcoin, if you teach him how to buy and transfer, it's really a very good lesson for him to know how to use Bitcoin which is easy compared to banks.

Good for you experiencing the wnders of decentralized currency. I had mine a while back, really needed the money to buy some necessity, banks are intimidating for a student like me. The wonders of bitcoin never stops to amaze me, I am currently saving to have funds for trading and investing. There are transaction fees though, but this is not an inconvenience as the fees in my country is minimal and not that eyebrow raising because they are transparent with their transaction.

Well, not only that, it's really quite helpful whenever I need to pay some stuff, and Payment via Bitcoin is available. There were times back then when my card was unavailable, so I had to find some other ways to pay for stuff I want, glad that they really accepted Bitcoin back then since I was really bothered with how I was going to pay back then.

I have my card now though so I just really use Bitcoin for hodling instead now. Still, this proves the wonders of Bitcoin since as long as the merchant accepts it, it basically removes any type of limit that you have, whether it be a limit due to where you live, or a limit due to having access to less methods of payment.

That's great.Did he pay a big transaction fee for sending the Bitcoins and what service did he use to buy Bitcoin?I assume that he paid horrible fees just to buy and send BTC,but I hope that buying BTC with fiat will become way cheaper in the near future.
Having different banks in different countries doesn't seem like a big problem to me.He could have used remittance services like Western Union or Moneygram.
However,it's always great news to know that one more soldier joined the Bitcoin army.

Great! Amongst the advantages of bitcoin, this happens to be my favorite. Being about to transact with people across the world. Since I got to know about bitcoin, I've worked for different people who I never knew in person, and they always paid in bitcoin(though the fee can be a challenge) or in other cryptocurrency.

im expecting another heart warming story of a user and how btc help them financialy although your case was different but there is still a financial ( money ) and a help on it involved . who suggested to use btc , was it you ? that was still impressive even if he educate himself in his own for a short period of time because he confidently trust btc . he is different from the other people that we know that wont try btc just because they never tried using it before and they also hear negative stories with it . you are also amazing op because you didnt lost your trust in btc while majority are complaining on how high the fee was in btc

I am always happy if anyone is helped by Bitcoin, the experiences in the opening post many of have experienced it.
Bitcoin is indeed very effective for sending money between countries, in addition to being cheaper than banks.
The transaction process is also quite fast, I often send money using Bitcoin to my family and friends who are
in different countries.

You can ask the other friends to do the same thing as what you did to help bitcoin spreads out among the people in many places. Bitcoin really saves your time and your friend about wanting the money at the same time, especially if you and other people don't have the same bank. Perhaps, there are many other stories about bitcoin from other people who we don't know.

I am sure that you and your friends now understand the basics of the use of bitcoin. I believe that soon after many people do what @OP does, bitcoin can grow more. Despite the high fee of the bitcoin transaction, this is a good story about using bitcoin.

Glad that your friend experienced how btc can be use as payments without a hassle. That's the start, you influence him how yo use bitcoin then probably if he/she learns how to benefit from btc, your friend will also encourage others to also use btc. How great that he transferred btc  without some issues even he's a first timer. Good thing, too you were there to guide your friend.
 
 
 Of course, he doesn't care about the fees because he only thinks about how to transfer the btc successfully. But time will come he'll gonna realized he paid for huge fees to prioritize his transaction  ;D. Well, Op will give out explanaion to his friend about this transfer fee and everything.

Unfortunately, most people in the world still don't realize how beneficial Bitcoin is if you need to make an international transactions, People would rather waste their money on huge fees and wait for days than try something new. It has been theorized that Bitcoin could achieve mass adoption as an international money transfer method, but for some reasons it failed to do it so far.

In time they will, everything in due time, looking back to when btc was first introduce to the world, only a handful of people accept it then but now the number of people who embrace and accept btc has gone up more than what it use to be, i believe the number will keep growing, this time people will discover btc on their own when they run out of choice just like the friend of op, and then they will embrace btc with open hands,
I don't think it failed, i think the awareness is very limited, it can only fail when it doesn't work but in this case not many people are aware which is very different.

It was such a great experience with bitcoin, we only pay a very small fee to transfer large sums of money to great distances.
If you enter the cryptocurrency market, you will experience more amazing things, when your investment is profitable.
However, be careful with the risks that the market can bring.

It's good to read that people are sharing how bitcoin helped them with their personal problems, Bitcoin also helped to solved major ones from democracy, and fundraising to support free movements. In that case, bitcoin always serves as the bridge to the gap we have with an assurance that there will be no third-party to control it.

OP you could invite your friend to join here and learn further with bitcoin to understand it deeper as we couldn't consider adoption with just a little experience, real adoption will start when they fully understand what bitcoin is in a sense that they will be responsible enough to use it.

Bitcoin can really make you grow because you can learn how to take risk, how to make yourself stronger, how to get up from failures and how to have a goal in your life. You may also learn a lot of things on bitcoin when it comes to having a business just like how to make yourself about the new season of your business or how can you make your product popular just like what is happening in bitcoin, it is better if you make the price higher if the demand goes high and lower if demand go low.

I am sure most of the members of this forum already know that the real use case Bitcoin is very good to use to send money from one
country to another country. But unfortunately many people outside this forum don't know about it, it's our job to educate others who
don't know that sending money with Bitcoin is much better than using a bank.

That is the great thing that bitcoin can do for everyone, but because of that, the financial industries and governments do not like bitcoin. They cannot regulate bitcoins and they fear that one day people will switch to cryptocurrencies instead of fiat.

the problem with btc is high volatility.

That's actually one of the advantage and edge of Bitcoin. It's accessible and convenient for us to use than banks, especially in emergencies like you had. I was also having the same struggle of transferring funds through bank transactions before because it usually takes 3-4 business days but when I started using Bitcoin, I could transact instantly which I'm grateful for. There might be pros and cons but it still depends on how you handle crypto transactions.

Maybe he is aware of how much the transaction fees have cost if he's a long-time user of bitcoin. His friend can choose what fees does he want for the transaction but these fees have a corresponding time on when will you receive the amount. Ofcourse to speed up the transaction he must pick the large amount transaction fees.


Sometimes bitcoin's volatility can be a great time opportunity to buy and sell your bitcoins. It will become a problem if the price of bitcoin continue to dump.

Ill think you friend now is happy that send you a bitcoin easily and just like other comments here are no third party that can struggle you a lot. And maybe your friend now is trying to use bitcoin as payment because there are some stores or any businesses that accepted bitcoin. And yes thats true bitcoin is amazing on when the time need money bitcoin are still there, And the one thing said bitcoin is a scam are those people not try on how useful bitcoin it is.

Well, basically bitcoin certainly has a good side, and its benefits in transacting online, can help many people on the financial side of this situation. The soaring price of bitcoin, it must be due to social distancing as well, most of the people of course prefer safety efforts in this kind of situation and stay at home, but it can earn money.

That was a good experience between you and your friend. Now, both of you know how useful bitcoin is and how fast the transaction than banks. Bitcoin is a hassle free transaction in just a minute. Bitcoin has a lot of benefits and very useful specially this time of pandemic.

This is actually the mission of Satoshi why he created bitcoin a peer to peer payment system with no borders and less payments fees compared to existing money transfer services, you can also share it Op in your social media circles of friends so that many people can also try how bitcoin can help one individual can transfer money from one country to another fast and without huge fees involved.   

I don't really understand what you. Bitcoin isn't about the things you just said... It may help you learn how to take risks but helping you learn how to get up from failures, and how you can make your product popular... Nah. That's not bitcoin bro.

Exaggerated in a way. He must be talking about the experiences as an investor or trader wherein it is related to decision making and such but that's not the focus of this topic.

But going back, Bitcoin as the mode of transaction is the bottomline. Transactions are fast and fees are lower then in fiat transactions. But things will be different if it is investment means because there will be risks. Good thing that Bitcoin helped you in your situation but that won't still be enough to convince all countries to adopt this technology and with that being said, there will still be limitations before more people make use of its advantages as a medium.

Bitcoin is an incredible and quickest approach to send or get cash. I had a similar encounter one of my customers was looking to send me cash.
He lives abroad so I request that he send me bitcoins.
He purchased the bitcoins and send me all the cash in one minute, he becomes stunned and getting some information about it he starts taking an interest and assume its a magnificent strategy to send cash worldwide with no additional charge.
I am happy that your companion takes an interest as well, we can say we have another customer now.

Of course it is amazing that you could send bitcoin almost instantly from one country to another. Hope he didn't have to pay those crazy fee when the network was congested. But, yeah you all probably had to pay premium price for instantly buying bitcoin and instantly selling selling it for fiat (conversion fees are crazy) through ATM withdrawal (or did you do bank transaction? They do have some delays sometimes).
It is easier for smaller amount of transfer, but when it comes to huge amount, you might face some problem when trying to convert BTC to fiat.

Good thing that His willingness to help gives him opportunity to encounter and use bitcoin and now as he had already experienced amaze is what he got?

this is the thing that many people are missing,the denial of giving a shot and they will satisfy themselves for sure.
Lucky that the congestion is already over when he send you because if not?maybe another delay happens .

Cool, you implement and take advantage of a peer to peer transaction from Bitcoin. In this case, the existence of BTC really helps us to make money transfers quickly and the transaction fees are cheap. It is very different if we use third parties like those used by the banking system, they will charge service fees ranging from $ 25 to $ 35 for a single transaction depending on the policies of each bank. And also usually there are problems in sending using the bank, namely the amount we send does not match the amount received by the recipient, because there are a lot of costs when the money is on its way to the recipient's bank. This makes us very uncomfortable.

Very happy that I can live in the era of cryptocurrencies that can be a solution to this problem.

Glad to know that you experienced one of the many benefits of bitcoin — not needing a middleman. It's direct, fast, less hassle. I hope your friend continue to patronize bitcoin because that's not the only benefit bitcoin can give you. Maybe you can help your friend explore it more. ;)

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I started with bitcoin when I was a student, too, and I have to admit, I liked it better than banks. I think it has greater returns especially when you just wait, and hold and the price suddenly booms. Transaction fees can sometimes be a pricy but at least it's fast. ;)

Indeed, in many urgent situations bitcoin is much more profitable because it is easier to exchange money and transact remotely with bitcoin. This should be the government's concern, so that the payment system or international transactions becomes easier and faster.

Yeah, Bitcoin and crypto are plenty of opportunities for people. May be nowadays who use crypto often and such transactions are like some ordinary things, have forgotten the taste of first transaction and some kind of freedom that we got with it, but this story reminded us what the most bright benefit crypto gave to lots of users.

yep, this is one of the strengths of Blockchain technology and it is also one of the reasons people want a decentralized bank based on Blockchain technology. And as you can also see, illegal money makers can completely launder money on the Blockchain platform with ease.  This is also one of the reasons why Bitcoin cannot be Viral when it is so useful.

That is really one of the most amazing benefits that Bitcoin can offer when it comes to services concerning transactions for you do not need any bank issue concerns even if the case is that you both are having different banks and cannot be able to send money directly due to bank's terms and policies applied that transactions must be done on the same bank services. With Bitcoin, it will be just seamless and fast concerning no third party to make the transaction be processed and successful plus the concern is the time and range wherein on money transfer with banks can take so much time and sometimes needed for a money remittance center to be able to send money overseas with higher fees. With Bitcoin all of that is solved which makes it a lot more convenient compared to banking system. That is just some of the benefits that Bitcoin can provide and it is really amazing that people is starting to realize how great Bitcoin is based on the case of the OP.

when the country supports the existence of crypto money, it is likely that someone will be interested in trying to invest In addition to a fast transaction process, bitcoin also has a high selling value so that their opportunity to find income is more guaranteed.

Bitcoin had helped me a lot this pandemic. I almost spent all my savings in bank. Its good that I earned bitcoin through campaigns. Its good that I am using coins.ph app, I sell my bitcoin to convert it to our local currency. It helps me buy our daily needs during quarantine period.

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Lol

But, due to the volatility and confirmation time,
Why do you choose bitcoin rather than stablecoin, for example usdt trc20.
Low fee, stable, and faster.

I know this is bitcoin discussion board, I am bitcoin fan too.
but I am just trying to be more realistic.
CMIIW, maybe I miss something on this.