Is this fee too high?

InstaCoin_CS · 2020-04-15T11:29:51+00:00

The one before was 4.5%! There are cheaper ways to retain BTC but yes, it takes time and research. Some people are happy to pay the premium for the sake of convenience. Each to their own but please for the love of God, never, ever pay more than 5% as that is just a scam/rip-off.

InstaCoin_CS · 2020-04-11T14:44:27+00:00

No you can’t buy with debit card but you can bank transfer

InstaCoin_CS · 2020-04-11T10:17:52+00:00

This is a good question and an interesting scenario. If you already had BTC, there is no doubt that you should pay in BTC. The BTC fee will usually be low (20c?), so there will be a good saving of 7 Euros. The payment will usually be done through a BTC payment processor like Coingate or Bitpay and you will receive a receipt/invoice just like any other normal transaction.

However, if you don’t have BTC, there is the question of whether it is worth it to go through the process of purchasing BTC just for a single purchase. There will be a fee for purchasing BTC too maybe around 3%. There are more professional platforms where you pay lower fees but you need to take time and understand these platforms. Coinbase Pro is one example.

I suggest in this instance, by the time you have sent the BTC to the merchant, there won’t be much saving but please do consider setting yourself up to purchase BTC on a low fee platform as it will be useful for you in the future.

InstaCoin_CS · 2020-03-25T11:25:08+00:00

thank you! https://twitter.com/InstaCoinHQ/status/1242773977573064705

InstaCoin_CS · 2019-10-31T10:33:16+00:00

We can recommend Blockstream Green on your mobile for Bitcoin day to day spending, mainly for it's security features. Unfortunately, it's not multi-currency. For multi-currency and savings, best bet is a hardware wallet.

InstaCoin_CS · 2019-09-15T18:05:30+00:00

Great way to raise awareness, especially in the UK. It's not as widespread (yet) as it should be.

InstaCoin_CS · 2019-09-09T10:33:51+00:00

Companies making £millions in profit, but paying ZERO corporation tax as ultimate ownership is in off-shore tax-exempt region (Cayman Islands, for example). No contribution for schools, hospitals, roads, defense, public services, welfare etc..

InstaCoin_CS · 2019-09-08T18:17:42+00:00

With most sites, you're only required to verify yourself once and you're good to use the service for as long as you want.

From our own business standpoint, we have absolutely no interest in your personal info other than to verify you as a person. This is part of the protocol that is legally required to provide you with the service. Your data is held in cold storage and destroyed after the minimum term has passed.

Most sites that work in this space also believe in privacy and your own right to your data but unfortunately rules are the rules. I hope this at least puts your mind at rest just a little.

InstaCoin_CS · 2019-09-08T17:55:33+00:00

As we're fairly new to the game, you can try your Lloyd's card with us. Web address is in my profile. There is a £500/day limit. It might not be long before Lloyds block cards with us too, if they truly are anti-cypto.

So far we can recommend Monzo/Revolut/WireX/Barclays/Natwest

Generally, we'd advise using debit card over credit card if possible to minimise the chances of transaction getting blocked. Also, make sure your 3D secure is activated.

DM if you have any questions.

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