Q. How can i make Bitcoin payments faster?
karmesh

Redefining Curiosity!


How can i make Bitcoin payments faster?

I was trying to figure out how can i make a faster transaction maintaining low transaction costs.


1

Answer

43

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24

Feb, 2018

Accepted Answer
  • parker

    It depends on where the Bitcoin (BTC) is located and where it is going. Currently, BTC is expensive and quite slow compared to other cryptocurrencies. If your BTC is located on an exchange and you plan on sending it to another exchange, the fastest method would be to convert to a different cryptocurrenty (Ethereum/ETH for example) and send the allotted amount to the destination exchange if it also supports that type of currency. You could then convert back to BTC. That is assuming you are transfering between exchanges that support other currencies though. If you are trying to pay someone and they only accept BTC, you are out of luck if you are trying to meet a time crunch.


       

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Asked in Category

Bitcoin

One among the 700 other, is the bitcoin, which was the first ever of its type. Bitcoin is a form of cryptocurrency that is not regulated by the government. Cryptocurrency is a market that is nearly a decade old and in its early stage. There can be many benefits of using a cryptocurrency but along with that comes the risk involved, that one must not forget to consider. It is believed, "like the internet, bitcoin will change the way people interact and do business around the world".

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