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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)
bittraffic
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October 20, 2021, 02:28:59 PM
 #61

Paying with crypto? No not at all.
Paying using crypto? Yes but I'm converting it into our own currency and that is what I'm using to pay some bills or expenses here.

I'm involved into crypto for some time already but I never tried to pay some things online using crypto. I wish I could have to but right now, merchants that are accepting crypto are very few. I choose "Fiat guy" since not many establishments are using crypto. Maybe if the pandemic will be gone, I might try to explore different establishments in malls and ask if they are accepting crypto Smiley.

Its easier with fiat too although I can find some stres and vet clinics accepting BTC in my town I prefer to pay them in fiat because every satoshi counts. If I have to trade my btc to fiat, I will do it and avoid making transactions with BTC as much as possible.

Its best to just use the banks app whcih you can scan QR code in paying.


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October 20, 2021, 02:38:09 PM
 #62

I pay with crypto a lot but I used stable coins to pay often times. USDT and BUSD are my favourite, considering the high transactions fee with sending BTC and ETH, it is better to use stable coins in my own suggestions.
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October 20, 2021, 03:03:22 PM
 #63

I only make payments using usdt, it doesn't mean I'm afraid to shop with BTC, eth and others,
because in my country there is no online shop that accepts bitcoin payments, if you have to import it costs twice as much

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October 20, 2021, 06:52:08 PM
 #64

To be honest I use bitcoin as a store of value & a savings plan. I don’t like to use my bitcoin to buy things & on tge rare occasion I do, I replace it.

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October 20, 2021, 11:17:40 PM
 #65

Yes definitely, I used Bitcoin to purchase a few things. For example, the domain name from Namecheap for me and for others as well. I have bought an Amazon gift card from the forum with Bitcoin. As I can remember I have used Bitcoin in these two things, I never used any other coin like litecoin or Ethereum to purchase anything. If you are wondering to integrate a payment gateway on your platform then I will suggest using Bitcoin. It is most secured and I am not sure if it is possible for you but you may use a lightning network to reduce fees.

That's great, I do remember buying league of legends gift cards and Amazon Gift from 2 websites that accepted bitcoin as payment for those Cards.
There were other websites but they had bad reviews so I avoided them.

Regarding fee you're correct also, Segwit is the best option right now average transaction to get confirmation of 1 requires 6 V/B which costs around 600-700 Satoshis.

But if you can wait for a day then 1 Sat/B fee can also work it will cost around 100-150 Satoshis which is not that much.
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October 20, 2021, 11:30:38 PM
 #66

Yes, but not in a form of Bitcoin as I converted it to our local currency. It was not yet accepted in our place and so it gives me the reason to do it, I'd never hold like the others, I really spend it all. This is actually how it means to be because of me, Bitcoin is not an asset but a form of currency in which we can enjoy them spending like fiat.
But anyway, we can do anything we want with our Bitcoin. We have come in here for different reasons or purposes.



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October 20, 2021, 11:33:48 PM
 #67

Cryptocurrency is not legal in our country. But we have to convert through money by selling through different systems. But now we are cryptocurrency with those who are involved with cryptocurrency Let's exchange. Again, we sell cryptocurrencies to those who do not use cryptocurrencies. We make money by exchanging dollars through Bikash Nagad Let's exchange. This is how we exchange money with cryptocurrency.

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October 20, 2021, 11:57:12 PM
 #68

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.
Sometimes we do feel so.
But of course, the state has its own reasons why (like in my country, where Bitcoin is legal as a commodity asset for trading, investment, or other activities, but not as a payment tool such as money) gives such rules.
Maybe this will be related to the readiness of the country, both from the government, technology, and also the community.
At least in my country, it has been said by the government if, in these 10 years, Crypto may not be used as a currency or a valid payment. Because it is related to decentralization and complicated rules that might occur later.
However, let's wait and see.  Smiley

R


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October 21, 2021, 01:35:36 AM
 #69

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 use stable coin and ripple , because i don't want to spend my bitcoin and ethereum so far so i have converted more usdt and ripple last hype of bitcoin to have funds for emergency usage .
ripple with low fee , and usdt as will not hurt to my holding .
Cryptocurrency is not legal in our country. But we have to convert through money by selling through different systems. But now we are cryptocurrency with those who are involved with cryptocurrency Let's exchange. Again, we sell cryptocurrencies to those who do not use cryptocurrencies. We make money by exchanging dollars through Bikash Nagad Let's exchange. This is how we exchange money with cryptocurrency.
so what is the connection to the topic ? you are being asked if you are paying with crypto since there is no option in your
country then there is no need to answer.

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October 21, 2021, 01:59:34 AM
 #70

Altcoins are not accepted here yet as means of payment, so im using bitcoin to pay my bills and to top up my phone through our local wallet. Though we cant directly use bitcoin to buy goods but somehow its convenient since we can easily convert it to fiat.

However, at this point im refraining myself to use my bitcoin because of the current price.

Its best to just hold since the market is bullish and its more wise to not spend or else I might regret it.

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October 21, 2021, 05:35:46 AM
 #71

I never pay using crypto I exchange coins for fiat then I use fiat for payments because in my country I can't transact bitcoin or other altcoins, I hope one day I can make transactions using bitcoin.

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October 21, 2021, 08:34:49 AM
 #72

no, but i know about shops in my country, where it's possible
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October 21, 2021, 08:51:35 AM
 #73

Despite being very supportive of this, all the cryptos I have never been paid to life. 
But if possible I am willing to accept it and if they want to specify a certain type,
but not waiting for adoption for payment in the country.

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October 21, 2021, 09:02:04 AM
 #74

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
Using Litecoin as the payment will be an alternative to using bitcoin as the fee is not too high. But I do not use crypto as the payment to buy a product or pay for some services because I prefer to convert to fiat or buy a Paypal balance from my sellers.

I am trying to save my bitcoin and not use it for paying something because I see the potential of bitcoin price rising so high is wide open. After what happen to bitcoin reaching $64k, I believe that the price will increase more than that price.

Litecoin is indeed an altcoin that has low fees for transactions, but to my knowledge, people who use it as payment is still rare. Most use Litecoin
to send funds, the problem is that it is still very rare for merchants to accept payments with Litecoin, so Litecoin is rarely used for payments.
Most merchants only accept payments with Bitcoin, but we know Bitcoin transaction fees are quite expensive. With the price of Bitcoin reaching $64k
it is better to save rather than spend it on buying something. Because there is a possibility that the price of Bitcoin will continue to rise and reach
new ATH at the end of this year. But if there is an urgent need, I can't help but be forced to sell some of the Bitcoins I have. Because in my country
it is forbidden to use crypto for payments, I will convert my Bitcoins to fiat first.
If not many merchants are not using Litecoin as payment, maybe the customer needs to search for the other coins as payment and fortunately, in this crypto, we have many options of the coin to be used for the payment so we do not have to confuse to find one or two coins.

Once we can get the favourable coins as payment, we will stick to that coin and not change with the other coin because we feel feel-good to use that coin. But maybe only a few people will use bitcoin as payment, especially if they have many bitcoins, because with the high price of bitcoin now, they consider selling bitcoin than to use as payment. That will give them a big profit so they can have the money in fiat.

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October 21, 2021, 03:10:55 PM
 #75

In my country only a few cities accept payments using crypto currency, my country is Indonesia and the city is Bali, because there are so many foreign tourists who vacation there, the Indonesian government allows payments using Crypto currency..
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October 21, 2021, 03:54:00 PM
 #76

In my country only a few cities accept payments using crypto currency, my country is Indonesia and the city is Bali, because there are so many foreign tourists who vacation there, the Indonesian government allows payments using Crypto currency..
In my country non of the business organizations accept cryptocurrencies for payment except fiat, how I wish crypto is allowed for business transactions I would have gladly utilize that opportunity, for now I have to transact using P2P where my fiat is used to buy stuffs and pay for services, I think adoption of cryptocurrencies for payment or transactions is a gradual adoption globally with time more and more countries will allow business centres such as hotels etc to accept cryptocurrencies for payment.

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October 21, 2021, 03:56:44 PM
 #77

In our country there is no establishment that accepts bitcoin as payment, we are in third world countries, so we are not that so open about technology innovation, and most of the time is focused in the traditional way, but if we will have the chance to pay using cryptocurrency, I will use XRP as this is the best coin to use to lessen the transaction fees.
I never pay using crypto I exchange coins for fiat then I use fiat for payments because in my country I can't transact bitcoin or other altcoins, I hope one day I can make transactions using bitcoin.
If your country seems impossible to accept bitcoin then you may visit other countries, your favorite countries and try it there, we have the same scenarios and I also have plan to visit and relax in other country, hoping that there would be some establishment that will accept cryptocurrency.

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October 21, 2021, 04:46:07 PM
 #78

Litecoin is what I use to do transactions. I used to use bitcoin for transactions, but with the high network fees, I switch to litecoin for payments. Most crypto payment gateways now accept it and the transactions are fast.

Not your keys, not your coins.
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October 21, 2021, 06:31:54 PM
 #79

I have never used any of these cryptocurrencies as a way to make payment for anything online before, but I have used it bitcoin to accept payment for so many services, which I would say is quite similar to also making payment with it for something; because if there are no people who are ready to offer services and accept bitcoin as payment, then there wouldn’t be those that would pay with it.

And so far it is only bitcoin that I have seen people use for making payment for products and services, and no one has talked about using Ethereum or any other. If I am going to be using any of them in future to buy anything, I am sure it is going to be Bitcoin or Tron, or even Ethereum.

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October 21, 2021, 06:46:04 PM
 #80

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 also like Litecoin because it is fast and low fees and many merchants offer that option. now I don't really choose what coin I want, I just follow the options that the merchant offers and I choose the coin that has the lowest fee. So far, the choice of coin is LTC or BNB more often.
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