So i'll just say that today I paid 100$ to buy bitcoin on VirWox (I know its super expensive but I'm american and i like to use paypal so thats what i do - but regardless of this being an expensive method, these fees are outrageous) BY THE TIME I GOT THAT BITCOIN to my wallet on Cex.io (I sent it to my Jaxx Wallet and then to my Cex.io account in bitcoin) and converted it to DOLLARS - it was just 70$.
Not a single dollar spent on anything but the fees for those transactions. Yes, the fees for this transaction were so high that they were equal to 30% of the initial amount I paid.
so is THIS THE SYSTEM THAT WAS SUPPOSED TO GET RID OF THOSE PESKY FEES FROM CENTRALIZED BANKS????? W
HAT HAPPENED TO P2P TRANSACTIONS? ITS ANYTHING BUT.