Crypto payments and learning

No names or anything resembling a name.

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^^^THIS…is how to do it peeps!^^^

What is the ‘Network fee’?

Coinbase’s cut from each transaction. In my opinion it is a small price to pay for extra anonymity in the transaction. I dont do real short subs anymore, which is a bit of a risk, but a risk i am willing to take.

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Speaking of Risks, I own 100 Shares of Coinbase Stock and am trading it weekly through options. I use the Premium gained to pay for my 3 IPTV Subs and Debrid account. Thats how I utilize Crypto without even messing with wallets and blockchains and risks of bad transfers and my money vanishing into the “Ether”. Been there done that, never again.

i ONLY have my debit card linked to cashh app and been buying bitcoin easily… :thinking:

SCREW Coinbase they are notorious for holding funds and terrible customer service…it’s why i DUMPED them for CashApp. ALL my Bitcoin transactions with CashApp are INSTANT and sent to my Anonymous External Wallet where i pay for my “services”.

Has anyone that uses Crypto for payment noticed that the “network fees” seem to be going through the roof for some transactions? I don’t mind paying extra for the extra security, but I was going to renew my Orion for a year. $12 for the beginner level, and after the “fee” from Coinbase, it was like $26. I feel like this is way more than it used to be, and I’m a bit confused why. Just wondered if anyone else noticed.

Same thing for PayPal, especially the exchange rates, you pay them and the banks. I know many dislike CCs but at least I get good exchange rates and 0%interest if paid in 30 days, but I avoid all that by prepaying it. Seems these organizations are all getting greedy.

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Same problem for me, trying to pay $5 IPTV bill and transaction fees range from $19-$25. I tried multiple times including late night/early morning when network activity is supposedly lower with very little change in fees.

Does Paxful, CashApp or the other Crypto sources do this, or just Coinbase?

I just paid for my 6 month sub last week with CashApp and it cost me 0.0022 BTC…$48 + $1.34 in fees…transaction was completed in less than 30 minutes. :ok_hand:

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Am I missing something? Why are the fee’s so much when using Coinbase. I know Troy said something. But my gosh. The fees are more than the product!:face_with_spiral_eyes:

“Lately we’ve seen a big Bitcoin bull run which is causing large network fees when purchasing with this cryptocurrency. This will settle down eventually and bring those fees back to a couple of bucks per transaction. Many think that these fees are being imposed by Coinbase but they aren’t. It’s the network fee that you’re paying for.”

I chose the Cash App solution. Thank you for this. I was looking for simple. I had to take pictures of my drivers license front and back. And pictures of myself, left right front. I hooked up my bank card to the account. It took about 12-14 hours to confirm my identity. Then I bought crypto and paid for my subscription.The whole thing from start to finish took about 15 hours. That includes buying a subscription service and having my payment go through.

Not very private at this end. But if it is not known to who, for what, and where my crypto is going… maybe it is ok.

I recently purchased a new key for Syncler using Coinbase. I used advanced trading option in Coinbase (which made the transaction cost 13 cents, and chose LTC as my cryptocurrency (as recommended by Syncler owner for lower exchange fees…ended up being $0.00), Ended up costing me less than $15 to buy Syncler.

Don’t use Bitcoin is the lesson.

Wow, that is a great thought, thank you for sharing! So you can just trade to LTC and then the fees will be minimal? Do most services accept LTC as payment?

In Syncler’s case, he stated what cryptos he would accept and explained the current exchange fees for each crypto. Evidently it is changing all the time based on (supply/demand) for that cryptocurrency. They all are different and are constantly changing. There has been huge imbalances with Bitcoin recently and the exchange fees are outrages.

But there was no problem to buy LTC on Coinbase and then sending that crypto to Syncler as payment.

Crypto sucks for all the unexpected complications, but I guess it is good for more protection and better deals avoiding those outrages 3rd party services with huge markups.

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Recently need to start looking for another IPTV service. Several say you can pay with CashApp but as you get into it they want you to buy Bitcoin with CashApp and then pay. Which is another whole process.
Question: Is this is legit or a good thing to do or should we stay away?
I miss my old service.