Vaskiy
Legendary

Activity: 2856
Merit: 1106
Bitlist-Mixers-Exchanges-Casinos
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July 31, 2026, 11:36:29 PM |
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Bitcoin for transaction needs is a good choice, because it can be transacted to any corner of the world with ease. Next thing, it is multipurpose usable asset. So, when required it can be used for transaction and just sitting idle also grow its value in the long run which we can't expect with fiat. However the dependence on fiat still exists. For having bitcoin in our wallet we need fiat in our bank and further with the amount we were able to buy bitcoin and transact. So, we think that we're using bitcoin for our transactions, but the reality is different. One way or other we're making use of the banking for our transaction. Maybe in the long term this might have transition.
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abel1337
Legendary

Activity: 2562
Merit: 1147
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July 31, 2026, 11:52:39 PM |
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Being compared to those banks and remittances, bitcoin is better in many factors just like what you said. We don't need institute approval to finish a transaction and the fees are just way better especially if you conduct a big volume transaction. But bitcoin isn't really fast and cheap compared to other blockchain right now. This is why lightning network was created, which is to improve the weak side of bitcoin.
I know majority of us use bitcoin blockchain for a transaction and comparing it to newer blockchain, there is a vast difference.
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Catenaccio
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August 01, 2026, 10:06:01 AM |
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Being compared to those banks and remittances, bitcoin is better in many factors just like what you said. We don't need institute approval to finish a transaction and the fees are just way better especially if you conduct a big volume transaction. But bitcoin isn't really fast and cheap compared to other blockchain right now. This is why lightning network was created, which is to improve the weak side of bitcoin.
There are pros and cons, and transaction fee is one issue. There are other risky factors like when using Bitcoin for transactions, people are completely responsible for their fund control, and if they make mistakes, they will lose their bitcoins. Mistakes such as having a compromised device, so that hackers can steal their bitcoins. Malwares on their devices can cause big security problems too. How to lose your Bitcoins with CTRL-C CTRL-Vor lately with a massive hack on Coldcard users, you can see the news on top from the forum page. "News: COLDCARD users only: critical vulnerability risks funds stored on COLDCARD devices; immediate action required" Large-scale Coldcard compromise (1128.47 BTC stolen so far) It means having full custody is good but it contains risks and completely responsibility to take care of your bitcoins properly. How to manage bitcoins like a whale?
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citywise2
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August 01, 2026, 07:45:43 PM |
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Being compared to those banks and remittances, bitcoin is better in many factors just like what you said. We don't need institute approval to finish a transaction and the fees are just way better especially if you conduct a big volume transaction. But bitcoin isn't really fast and cheap compared to other blockchain right now. This is why lightning network was created, which is to improve the weak side of bitcoin.
There are pros and cons, and transaction fee is one issue. There are other risky factors like when using Bitcoin for transactions, people are completely responsible for their fund control, and if they make mistakes, they will lose their bitcoins. Mistakes such as having a compromised device, so that hackers can steal their bitcoins. Malwares on their devices can cause big security problems too. How to lose your Bitcoins with CTRL-C CTRL-Vor lately with a massive hack on Coldcard users, you can see the news on top from the forum page. "News: COLDCARD users only: critical vulnerability risks funds stored on COLDCARD devices; immediate action required" Large-scale Coldcard compromise (1128.47 BTC stolen so far) It means having full custody is good but it contains risks and completely responsibility to take care of your bitcoins properly. How to manage bitcoins like a whale? I think people want to be in control of their money and not anyone else or governments so whatsoever challenge(s) that come with that is only secondary. You owe a car, you don't say because there are car thieves and then refuse to give yourself the pleasure of owing your own car. I chose Bitcoin because it gives me the opportunity of being in control of my money and I can use it anywhere in the world and you know that's not possible with fiat.
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snowpega
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August 02, 2026, 04:47:10 PM |
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... Bitcoin is fast and reliable 24 hour's without breakdown except one's network is unstable due to one's location. In conclusion I also recommend it convenience of making borderless transactions. The outline makes Bitcoin my choice of payment's methods.
Yeah, no doubt about this. Using Bitcoin for sending or receiving money across the border or at the national level is a very fine medium. Many members here receive their payments as international users. And Bitcoin as a medium of transaction has been used for a very long time. I know about my country's traditional banking system; I haven't faced any kind of delay while sending or receiving funds only at the national level. Yeah, secondly, if we talk about the international fee factor, then Bitcoin wins here because we can use cost-effective networks to send or receive funds, whether it is at the national level or the international level. DYOR! Have you ever used Bitcoin as a medium to send money across the border?
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Just Say
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August 02, 2026, 05:50:36 PM Last edit: August 02, 2026, 06:01:03 PM by Just Say |
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Bitcoin transactions payments are Quick and free, it helps your transaction to proceed very fast just that it may take a few minutes and cost a few dollars to proceed.
I see it as my number one choice because it gives perfect top security settings through the blockchain technology.
Bitcoin is fast and reliable 24 hour's without breakdown except one's network is unstable due to one's location. In conclusion I also recommend it convenience of making borderless transactions. The outline makes Bitcoin my choice of payment's methods.
Bitcoin transactions are fast and I think if you use the Lightning Network to make fast transactions, it will ensure instant payments but note that Bitcoin payments are not free. You should know that there is a small network fee or miner fee to pay when sending Bitcoin, but investors have the option to choose how much they will pay. Transactions or payments through Bitcoin are now increasing because we have noticed this currency is also being accepted as payment in restaurants in different countries and many are considering Bitcoin as a means of payment, leaving the conventional banking system, which is probably because everyone has noticed it is possible to pay quickly and safely, as a result many are choosing the Bitcoin blockchain for most transactions.
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ZAINmalik75
Legendary

Activity: 2044
Merit: 1012
♻️ Automatic Exchange
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August 02, 2026, 06:09:27 PM |
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Bitcoin for transaction needs is a good choice, because it can be transacted to any corner of the world with ease. Next thing, it is multipurpose usable asset. So, when required it can be used for transaction and just sitting idle also grow its value in the long run which we can't expect with fiat. However the dependence on fiat still exists. For having bitcoin in our wallet we need fiat in our bank and further with the amount we were able to buy bitcoin and transact. So, we think that we're using bitcoin for our transactions, but the reality is different. One way or other we're making use of the banking for our transaction. Maybe in the long term this might have transition.
I didn't actually get your point at the end of your post. What do you mean? It is true that we need to use fiat if we want to buy Bitcoin, but that's a different thing than actually sending the same amount to fiat to another country because buying Bitcoin with fiat is easy, but sending fiat from your country to another part of the world is the challenging step, and that is why we are talking about Bitcoin's use when it comes to cross-border transactions because it is easier and faster than using fiat for the same purpose. When you go for sending a fiat transaction abroad, you will see that it will require a lot of verifications, you might even have to go through a bunch of paperwork, pay a lot of taxes and fees, and then still it will take days, or even weeks. However, if you do the same thing using Bitcoin, it won't take more than a few minutes or maybe even an hour to get more confirmations, but the point is that if both sender and receiver use Bitcoin, it makes things way easier.
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Woodie
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August 02, 2026, 06:32:56 PM |
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Bitcoin is really the best and fast reliable for all my transactions. reason because it perfectly allows me to send and receive payments around the world, without even relying on so called traditional banking systems.
Not the fastest we have on the crypto catalog  but it gets the job done in good time  Bitcoin transactions payments are Quick and free, it helps your transaction to proceed very fast just that it may take a few minutes and cost a few dollars to proceed. I believe this was a figure of speech to mean that when compared with fiat.. fees are peanuts when spending/sending out big money..nice word play, hope this was your intention  I see it as my number one choice because it gives perfect top security settings through the blockchain technology.
I don't know, I think this is debatable considering it relies on what security measures a user has put in, and what kind of wallet you storing your bitcoins on( whether it's on a custodial or non custodial wallet). Security in the crypto world is a whole different ball game if you think about it.. imagine downloading a third party keyboard on your device only to find out later that your wallet i drained because that was a your source of compromise..like I said security in the crypto world is crazzy. Bitcoin is fast and reliable 24 hour's without breakdown except one's network is unstable due to one's location. In conclusion
The fact that I have lived to see the Bitcoin network kind of break down when network was spammed with dust transactions to the point of pushing fees to over $100 per tx.. honestly I would say it's 90% reliable and only because we have other safeguards in place today like RBF, Segwit BTC etcetera which makes it reliable 
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sokani
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August 02, 2026, 07:42:11 PM |
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Bitcoin transactions payments are Quick and free, it helps your transaction to proceed very fast just that it may take a few minutes and cost a few dollars to proceed.
Oh man. You need to go back to Bitcoin class 101. I mean, you need to go back and learn about Bitcoin transactions very well. Bitcoin transaction is not free. It attracts a fee for sending a transaction across the Bitcoin network. The fee is collected by miners as an incentive to keep working on the network. However, in comparison with transitional banking, the fee is way cheaper.
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Stepstowealth
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August 02, 2026, 07:53:51 PM |
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Bitcoin is really the best and fast reliable for all my transactions.
Many people who have bitcoins and are also gamblers have not found it easy using their bitcoins for gambling transactions, if you doubt me, put up a poll and see. This is why I have to say that although the transactions made with bitcoins are fast and reliable, it is not the preferred options for all forms of transactions. Another scenerio where bitcoin is not suitable in my perspective for transaction is the use for payment for very little items that can easily be paid with cash.
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goldkingcoiner
Legendary
Online
Activity: 2856
Merit: 3060
HoDL
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August 02, 2026, 07:54:17 PM |
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I think it would be more prudent to say that Bitcoin transactions are cheap. But not free. Everytime you send Bitcoin, you have to pay the transaction fee. While this is not a problem for bigger transactions, for many small transactions it could become expensive. Which is why people hodl Bitcoin rather than spending it on coffee every morning. Most people love Bitcoin because they only have a few transactions each month and they still pay less in Bitcoin fees than they would with bank fees.
For almost free Bitcoin transactions, people can use lightning.
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moneystery
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August 02, 2026, 08:55:25 PM |
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If we compare traditional payments and Bitcoin, both have their advantages. I think banking is still the mainstay for everyday transactions because it's faster and can cover almost all your financial needs. But when it comes to cross-border transactions, Bitcoin has the advantage because it allows you to send funds directly to anyone in a much faster time. It's not as fast or free as you say, since there are fees and waiting times, but it's much better than what bank payments offer.
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Cleanslate_
Jr. Member

Activity: 149
Merit: 8
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August 02, 2026, 11:47:08 PM |
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Fast
Trusted
High level of Security you don't have to depend on anyone before accessing your funds or making any any transactions at anytime in your convenience, you decide and control your funds.
Bitcoin allow transaction of high volume of funds as long as all necessary requirements are met without third parties intervention or restrictions of funds due to high volume.
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