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by a3_nm
3310 days ago
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> I can do all of this with a PayPal account, both more quickly and with lower fees than Bitcoin. Thanks for pointing out that the fees of Bitcoin are actually currently higher than those of Paypal, for donations up to around $60. I'll add the details here in case someone else was skeptical about this. Fees for donations via Paypal are $0.30 + 2.9% per transaction https://www.paypal.com/us/webapps/mpp/fundraising. Fees for Bitcoin transfers use an auction system based on the transaction size, but according to the current statistics and median donation size for https://bitcoinfees.21.co/ one arrives at a fee of 81,360 satoshis, i.e., $2.02. |
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