Lost $13 buying $100 worth of bitcoin

KS1986 · 11-11-17, 08:15 PM

You just bought at a bad time. For a $100 deposit your'e better off using a debit or CC card. Bitcoin is popular with sports betting because it allows us to transfer very large amounts which isn't possible with a CC or debit card. For 1k+ deposits bitcoin is great.

Jnas · 11-11-17, 08:24 PM

right now the miners fees are outrageous. bitcoin is useless for small deposits. I am thinking of giving etherum a try not going to waste 10 bucks everytime I send a 100 or 2

dmonaco712 · 11-11-17, 08:24 PM

Thanks for the reply.

dmonaco712 · 11-11-17, 08:47 PM

Another fee

Holy cow just sent $70 in bc to 5D and there was a $9.70 fee
thats $23 in fees out of $100.
Back to debit card.

mrpapageorgio · 11-11-17, 11:59 PM

If you're ok with using an alternate book that accepts them (I think 5Dimes only takes Bitcoin as a cryptocurrency), you may want to consider an alternative currency such as Litecoin or ETH. Litecoin only cost me $.25 last time I used it and is much faster since right now it is the road less traveled compared to Bitcoin.

Right now, everyone and their uncle is going in on Bitcoin so there's much more traffic which is driving the miner fee and wait time up. Also avoid sending to your intermediate wallet straight from Coinbase, and instead use GDAX since they don't charge a fee.