| ▲ | whiplash451 7 hours ago | ||||||||||||||||
Aren’t there fees to convert fiat from/to crypto on both ends? | |||||||||||||||||
| ▲ | mothballed 7 hours ago | parent | next [-] | ||||||||||||||||
You can make the fees rather than pay them if you make the market. There are decentralized exchanges where this can be done ~trivially for even low amounts. The fees are for those who want instant gratification. | |||||||||||||||||
| ▲ | zmgsabst 7 hours ago | parent | prev [-] | ||||||||||||||||
Yes — there’s fees converting from/to fiat and when sending the crypto. You’ll generally have the conversion slippage and transaction fee regardless - so the difference is the second conversion. In practice, that isn’t too expensive and worth it for the speed; though that may change if you’re sending larger or smaller amounts than I am (in $1k-10k range). Edit: Replying by edit due to rate limits — but subcontracting and personal loans, eg, until a client pays. Being a consultant is hard; being a consultant with no support network is harder. | |||||||||||||||||
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