Crypto 360°

Friday, 21 August 2020

What is the best app to make instant purchases and payment of BTC?

Hey guys, I’m a newbie in this trending crypto technology ( Bitcoin to be specific). Which platform can I use to instantly buy my Bitcoin at a relatively low price? I’ve tried coinbase but its fees are outrageously high.

Moreover, a platform that would allow me to make quick payments with Bitcoin for any type of goods and services even if the merchant has a traditional POS terminal (fiat).

I’ve heard of Lightning Network (LN), which I find an interesting concept of solving the unending debate of buying a cup of coffee for BTC and has accelerated transactions too. I’m lured into trying this tech but my concerns are, should I put all my head into it when we all know most merchants haven’t embraced it yet? Then, with all these sophisticated techniques behind it will I send Bitcoin via LN to my peer without them having to understand those nitty-gritty details?

Thank you for your help.

submitted by /u/islyfe
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My Bitcoin Story -- This is why you HODL

During the Christmas of 2012, we teamed up with Bitcoin Black Friday to be one of the first apparel companies to accept Bitcoin for purchases. We had no idea if anyone would actually buy anything with their bitcoin, but we were new and small and we were looking for ANY revenue streams. There were a couple of great processors that we new we could convert back into dollars quickly and not lose too much money if the price of bitcoin went down (Laughing at this thought right now).

The price at that time for a bitcoin was around $13 each. We had more than 2000 coins came through the website that Christmas. We talked about holding them, but then bills and running a business got in the way. Today those 2000 coins would be worth $22 Million dollars. If only we had held on. Anyways, i do own Bitcoin today, but only a fraction of 1 bitcoin. The irony of that is so funny. Now I buy and hold, but holy cow what if! :)

submitted by /u/rememberdan13
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