Have we ever considered the advantages of Bitcoin's insignificant fees? I utilized Coinbase in the UK to send some coins to my younger brother, and the transaction was completed successfully in less than 15 minutes which is like instant transfer.
Yes, it is true that in comparison with the traditional banking system, transactions on the
BTC-network look like “magic” (although, as you know, this is still the fastest of cryptocurrencies), because a transaction anywhere in the world is carried out in a matter of minutes while lying on the couch.
Previously, I had to wait three working days for Western Union to validate my transaction. With Bitcoin, the days of going to the bank and waiting in line have vanished, and I can now send something to him without incurring any additional fees.
Even the banking sector has undergone great changes (in most countries) since then. Now almost all banking transactions are carried out in a few clicks in the app from a smartphone (depending on the country of residence and the development of the local banking system).
In the past, I had been using Western Union to do this, but the extra fees were ridiculous, so I didn't have to complain because I didn't know about bitcoin. I'm happier now that i could save some extra charges.
You're missing out on these extra costs (double conversion):
at 1st. stage fiat - bitcoin (you personally);
at 2nd. stage bitcoin - fiat (your little brother).
At each stage you pay a commission. But even despite this, bitcoin looks like a very convenient thing, and most importantly, independent of traditional systems, outside the influence of governments, sanctions, bans and other bullshit from which only the most ordinary citizens suffer. In general, we can consider this an international currency for everyone.
