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Question: What do you use as a payment? (3 votes max)
Bitcoin - 39 (32.2%)
Bitcoin Lightning - 5 (4.1%)
Litecoin - 13 (10.7%)
Dogecoin - 4 (3.3%)
Monero - 1 (0.8%)
Zcash - 0 (0%)
Ethereum - 12 (9.9%)
Nano - 2 (1.7%)
Stablecoins - 15 (12.4%)
Other - 12 (9.9%)
None of above I am fiat guy - 18 (14.9%)
Total Voters: 70

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Author Topic: Do you pay with crypto???  (Read 1329 times)
bL4nkcode
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October 19, 2021, 07:03:22 PM
 #21

I used to pay with bitcoin especially buying digital goods, game credits and regarding my hosting account in namecheap, until it came to this price range and I stopped paying instead I used paypal and other alternatives.
At this moment that it reaches higher price, I have hold and wait till get profit instead Wink
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October 19, 2021, 07:18:46 PM
 #22

I am interested what do you guys use for payments.

I like Litecoin paying the most (superfast and supercheap) but I am not afraid to pay with Bitcoin.

Doing this little research because I am preparing project
I will appreciate honest answers and comments

Thank you

There is no place or online store that accepts Bitcoin payments where I live. Even if there is, maybe I will think again if the level of trust in the store is very minimal. And also in terms of value it is very suitable to be exchanged using bitcoin.
I still use the Fiat payment option in the online shop and they don't provide Bitcoin or any other crypto. For me bitcoin is for the long term as an asset that I have to collect and don't waste it just to pay for a pile of stuff.

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October 19, 2021, 07:31:47 PM
 #23

I am interested what do you guys use for payments.

I like Litecoin paying the most (superfast and supercheap) but I am not afraid to pay with Bitcoin.

Doing this little research because I am preparing project
I will appreciate honest answers and comments

Thank you
Depends on what coin you are trying to accumulate on and if you do find out that LTC is something that is fast and cheap then go ahead.It wasnt really bad a consideration on getting Litecoin but as you can see

on most people suggestion on here is that they do tend to accept the main crypto which is Bitcoin since they do know its future potential use and adoption which might result into more further profits

when the market tends to pump up and this is one of the benefits that you could really get but although it isnt really an assurance though.

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October 19, 2021, 07:46:37 PM
 #24

When it comes to payments with cryptocurrencies, I prefer Bitcoin mostly. But I prefer to use Bitcoin Lightning where it is available. Because it makes a really big difference in terms of fees and speed. It really gets boring when I don't use Lightning Network as I have to wait for a much longer time to transact. And I can come across surprising fees too.
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October 19, 2021, 08:04:37 PM
 #25

When I can't use the Lightning Network, I pay with bitcoin, cause that's the only electronic asset I'm holding. Otherwise, I enjoy the comfort of our second-layer solution which is extremely fast, cheap and practical.

I find no reason of existence for Litecoin and Dogecoin other than speculative. I also find Zcash useless since there's Monero. Ethereum isn't going to ever scale. Stablecoins are crap. I've heard some good opinions about Nano, but couldn't understand a thing from its whitepaper.

As for the last poll option, everyone's using fiat. I guess that doesn't make them fiat guys, right?  Huh

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October 19, 2021, 08:17:08 PM
 #26

I am interested what do you guys use for payments.
It's very obvious that cryptocurrencies especially bitcoin is used for exchange of goods and services depends on you domination or areas of concentrations towards your objectives via payments of any kinds

I like Litecoin paying the most (superfast and supercheap) but I am not afraid to pay with Bitcoin.
Personally i like payment with bitcoin because it's the coin among other cryptocurrencies i started with in terms of transaction, but in the aspect of charges or fee, litecoin is more better than bitcoin base on it's transaction fees

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October 19, 2021, 08:20:04 PM
 #27

~
I am partially paying with Bitcoin for paying bills and fiat for the usual transaction outside my home when I tend to travel a little bit, for the obvious reasons that there isn't that much adoption of Bitcoin just yet, so I do not have any particular measures to be able to pay with Bitcoin, although with the use of custodial wallets to cash out my Bitcoin, I am still somehow "indirectly" paying it with my Bitcoin. Maybe not the usual p2p transaction that many think of
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October 19, 2021, 08:26:18 PM
 #28

I am interested what do you guys use for payments.

I like Litecoin paying the most (superfast and supercheap) but I am not afraid to pay with Bitcoin.

Doing this little research because I am preparing project
I will appreciate honest answers and comments

Thank you
I voted for bitcoin, ethereum and stable coins, I have also used dogecoin in the past as well as it is fast and cheap as well, but since Musk began all of this supposed obsession with dogecoin I have preferred to stay away from it, now while bitcoin transactions can be expensive we know this is the coin that is accepted everywhere where cryptocurrencies are accepted, I have not used stable coins and ethereum too much recently but I have done in the past and I never had problems with them either.

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October 19, 2021, 08:29:11 PM
 #29

I used to pay with ethereum previously whenever i bought gift card for purchasing new games or other in-game items. But litecoin is also better asset as of now rather than ethereum as transection fee is high on ethereum mainnet. If any platform supports TRC20 USDT (stablecoin) or layer2 based any stablecoins, than that's also prefer than spending precious bitcoin from my point of view.

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October 19, 2021, 09:01:43 PM
 #30

I like to use stablecoins just like everyone here because of zero chance of last minute manipulation in price to save myself the extra price that I'd need to pay if the sent coins (of other types) do not arrive in receiver's wallet on time. Yeah I do use USDT (in TRC-20 chain) to pay my friends, family and merchants if I buy something online through them.

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October 19, 2021, 09:09:05 PM
 #31

I am interested what do you guys use for payments.

I like Litecoin paying the most (superfast and supercheap) but I am not afraid to pay with Bitcoin.

Doing this little research because I am preparing project
I will appreciate honest answers and comments

Thank you

I see so few places actually accepting Bitcoin so far that I had to go for the last option. In the few cases where it is available for niche goods and services, crypto can be an effective method of payment. Even cases like moving money overseas whether your on holiday or business can be very useful to avoid additional exchange rate fees with banks. However in day to day life it is simply too much hassle, when I go to a shop to buy some food each week a credit card is simply too straight forward to use. Things are developing though, more and more businesses are adding crypto to their accepted payment methods every month so it will become more ubiquitous.

R


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October 19, 2021, 09:27:37 PM
 #32

I am interested what do you guys use for payments.

I like Litecoin paying the most (superfast and supercheap) but I am not afraid to pay with Bitcoin.

Doing this little research because I am preparing project
I will appreciate honest answers and comments

Thank you

I see so few places actually accepting Bitcoin so far that I had to go for the last option. In the few cases where it is available for niche goods and services, crypto can be an effective method of payment. Even cases like moving money overseas whether your on holiday or business can be very useful to avoid additional exchange rate fees with banks. However in day to day life it is simply too much hassle, when I go to a shop to buy some food each week a credit card is simply too straight forward to use. Things are developing though, more and more businesses are adding crypto to their accepted payment methods every month so it will become more ubiquitous.

Yeahh
In Prague here we have crypto kingdom Cheesy
Some places here are only crypto

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October 19, 2021, 09:33:37 PM
 #33

~
I am partially paying with Bitcoin for paying bills and fiat for the usual transaction outside my home when I tend to travel a little bit, for the obvious reasons that there isn't that much adoption of Bitcoin just yet, so I do not have any particular measures to be able to pay with Bitcoin, although with the use of custodial wallets to cash out my Bitcoin, I am still somehow "indirectly" paying it with my Bitcoin. Maybe not the usual p2p transaction that many think of
Well we are the same but I only used to pay bitcoin when the price is in bull trend but if the price has a correction, I will not use bitcoin as payment --I use this to store value and keep it into my wallet. Lightning network as I know is good for making transactions in bitcoin, I like to use this feature of bitcoin but I did not try it yet because I am afraid of having a mistake. But base on what I have understood, it is very easy to use using Electrum wallet and for a bunch of tiny transactions.









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October 19, 2021, 09:53:08 PM
 #34

I am interested what do you guys use for payments.

I like Litecoin paying the most (superfast and supercheap) but I am not afraid to pay with Bitcoin.

Doing this little research because I am preparing project
I will appreciate honest answers and comments

Thank you
I usually use USD or BUSD to pay expenses and especially use USD for some online store apps abroad, also I never use BTC because BTC is my savings or some other coin just for profitable trading. i am planning to save to buy BTC and in the next 2-3 years when the price of BTC goes up i will buy myself a car so i personally never use BTC to pay for anything.

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October 19, 2021, 11:00:08 PM
 #35

I am interested what do you guys use for payments.
Do you mean spending crypto for payment?
Well, so far, I am a fiat guy. The reason is that cryptocurrency is not legal as a currency, as a payment method in my country. SO, there is no merchants that accept it as payment.
I so far only use cryptocurrency as a commodity asset, for trading and investing only.
So, when asked about buying or using crypto directly for any payment, so far, I have not.

Actually, I may be able to use it to buy some coins from abroad, yeah it may be, sometimes.
I really hope that I can use it in my country easily someday, but the govenrment in my country even have said that it will be impossible for 10 years later accept cryptocurrency as a currency  Cheesy

But if I have that chance and go to the payment, I will probably choose the cryptos that have low fees.

R


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October 19, 2021, 11:37:21 PM
 #36

I am interested what do you guys use for payments.

I like Litecoin paying the most (superfast and supercheap) but I am not afraid to pay with Bitcoin.

Doing this little research because I am preparing project
I will appreciate honest answers and comments

Thank you

I've used Litecoin and many companies including refill companies are accepting litecoin but if you use Bitcoin Segwit then you're paying a small fee in Bitcoins around 0.1$ at the time I made the last transaction and it cost me around 0.000001 BTC or 100 satoshis.

I'd say use Both but when the Bitcoin's mempool isn't loaded with transactions and the last few blocks are getting confirmed at minimum 1sat/B then use this fee or 2 or even 3sat/B, It isn't a lot if paying for some service that accepts only bitcoins.
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October 20, 2021, 03:20:22 AM
 #37


Do you mean spending crypto for payment?
Well, so far, I am a fiat guy. The reason is that cryptocurrency is not legal as a currency, as a payment method in my country. SO, there is no merchants that accept it as payment.
I so far only use cryptocurrency as a commodity asset, for trading and investing only.
So, when asked about buying or using crypto directly for any payment, so far, I have not.

Actually, I may be able to use it to buy some coins from abroad, yeah it may be, sometimes.
I really hope that I can use it in my country easily someday, but the govenrment in my country even have said that it will be impossible for 10 years later accept cryptocurrency as a currency  Cheesy

But if I have that chance and go to the payment, I will probably choose the cryptos that have low fees.


Currently living in a country where cryptocurrency wasn't legally adopted but good thing it also not prohibited or should I say maybe there's nothing more serious action from our government over this matter because those who are in position are still busy to figure out how to respond the contagious virus and how to recover economic crisis so meaning to say I haven't encountered such kind of services here in my country where they accepted crypto token as a mode of payment. But if ever I would encountered such thing I would also choose those cryptos that are low fees and stable coins like usdt. I'm afraid to spend bitcoin for the moment because for me I would choose to hold it for a long term.
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October 20, 2021, 03:43:26 AM
 #38

Did you consider the fact that many of the users in this forum may not be living in countries that are "accepting" crypto and having marketplaces that allow crypto as a mode of payment? Of course this is an internet poll, no real seriousness there.

I can do recharges using Bitrefill and buy giftcards for merchants to spend on but I still consider this a secondary method to spend crypto, I would defenitely like to see merchants accepting crypto directly and me being able to spend it there.

Altcoins are even less known to merchants. Their first choice is always bitcoin. Someone may argue that converting to bitcoin is easy but again why put in a third party in between?

R


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October 20, 2021, 03:50:30 AM
 #39


Do you mean spending crypto for payment?
Well, so far, I am a fiat guy. The reason is that cryptocurrency is not legal as a currency, as a payment method in my country. SO, there is no merchants that accept it as payment.
I so far only use cryptocurrency as a commodity asset, for trading and investing only.
So, when asked about buying or using crypto directly for any payment, so far, I have not.

Actually, I may be able to use it to buy some coins from abroad, yeah it may be, sometimes.
I really hope that I can use it in my country easily someday, but the govenrment in my country even have said that it will be impossible for 10 years later accept cryptocurrency as a currency  Cheesy

But if I have that chance and go to the payment, I will probably choose the cryptos that have low fees.
Currently living in a country where cryptocurrency wasn't legally adopted but good thing it also not prohibited or should I say maybe there's nothing more serious action from our government over this matter because those who are in position are still busy to figure out how to respond the contagious virus and how to recover economic crisis so meaning to say I haven't encountered such kind of services here in my country where they accepted crypto token as a mode of payment. But if ever I would encountered such thing I would also choose those cryptos that are low fees and stable coins like usdt. I'm afraid to spend bitcoin for the moment because for me I would choose to hold it for a long term.

My country also prohibits using crypto for payments, so for now I only use crypto as an investment. I hold several cryptos that I consider potential
and could be my retirement plans in the future. Actually I have experience several times using crypto to buy an item, but I do it secretly, like I said
the reason is because the government forbids it. I did it because at that time I bought an item, but the person selling the item charges in Bitcoin.
The two of us are actually friends, and I know the person quite well, then I believe in making transactions with Bitcoin payments at that time.
I feel good when I get to experience using Bitcoin as payment, even though I know it's against the law. I actually really hope the government
in my country can change its mind and legalize crypto as a means of payment, but I know the chance is very small.

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October 20, 2021, 04:06:26 AM
 #40

Currently I still use fiat as a means of payment, because in my country there is no acceptance of payments using cryptocurrencies and the country does not recognize bitcoin as a legal medium of exchange. so i became bitcoin as asset to invest and seek profit in short term and long term.

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