people are like "bitcoin is too expensive" yet here I am, in exile, paying EUR 4.75 every time I use the ATM
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Hehe, been there done that, and almost no fiat left now! ;-)
Or even better, try to transfer more than 3k Euro between accounts. Even if you're transfering to an account on your name it's not possible 🤡
Did you leave Austria Gigi? On that forced vaccination thing?
I paid 52.45 EUR to withdraw 40 EUR while in Crete a week ago 🤷♂️
If I was to use a bank, I would use https://www.xapobank.com/. They are pro bitcoin, support lightning, pay yield from dollar depoists in Sats.
lmao that's amazing
That was me a year ago moving from Bulgaria with bulgarian and lithuanian bank accounts paying Bosnian bank transfer fees. 5 euros, same price, flat fee, up to the max withdrawal on the machines.
The pain is double, not just those fees but no other lower cost way to get funds into the local jurisdiction.
The only solution was to pull the maximum, which was about 250 euros, meaning a 2% minimum fee.
This is the norm where the money is not Big 4 currencies, the banking systems of those are very hostile with fees to outsiders. In those places, cash is best for most dealings in the local area, and pulling it out in this kind of volume.
Get a prepaid. Id tell you which one but they’re awesome and I dont want the haters on here to ruin it.
Absolutely agreed! The cost of traditional banking services can really add up. Bitcoin offers an alternative with lower fees and greater accessibility.
If is to have a bank account, I would use a pro bitcoin one, like https://www.xapobank.com/
A business friend argues with me about #Bitcoin all the time and why it is just good for "making money".
The other day he tried to DEPOSIT money from a big job. It was a check. The big US national bank with whom he banked with since the 70s in various name changes said they couldn't accept his check because he had to prove he owned the business.
He was so upset. I even gave him the Bitcoin Standard to read and he said it's a bunch of redundant crap.
Amazing! You can lead a horse to water, but you can't make it drink.
I used the ATM in Germany a month ago.
Paid 5€ to get 30€.
I had to do check twice to see it wasn’t a mistake. Rekt!
Try https://www.xapobank.com/. They are very good and pro bitcoin. They even support lighthing.
I'd seen them before and considered it but was using kraken to do LN deposits and market trades back to SEPA instant. But this card is not european based it's a tax haven bank account, of the more minor kind.
AH, it is UK related. Well that's where I am right now. Still, very nearly british bank but not. Should be better here anyhow, and probably a little better for USD usage in central america.
btw, says LN support on the site but the app certainly doesn't show or even mention it. Just a segwit deposit address.
For now they only accept transfer using lightning but not deposits yet. So you need to deposit using bitcoin onchain. I hope they add option to deposit using lightning too.
Do you have a bank account from xapo? User opinions on the playstore are pretty bad!
Yes, I have and is great. The opinions on playstore are bad because before became a bank, xapo gave a deadline to people withdraw the funds and many didn't. So after the deadline, the kyc to withdraw the funds needs passaport and many people didn't like it.
If you open an account in Xapo, use my referral code, we both win 30 dollars in sats.
Code: URT-BSN-KF
Thanks.
europeans do not like to have passports, unless they need to travel outside of EU/Schengen.
even some who have $$ to travel overseas, might not need passports to tropical vacations on their colonies.
I understand them. Would you like to pay for an additional document just to use a financial service?
*for the privilege of being able to….access your money…
What??? almost 5 euros commission just to withdraw?
whew that's expensive, plus hidden cost of inflation etc.
ATMs are free in Ireland. There’d be uproar if they started charging