Poll: Have you started accepting Bitcoin or other cryptocurrencies as a payment option?
Շարքի հրապարակողը: ProZ.com Staff

ProZ.com Staff
ԿԱՅՔԻ ԱՆՁՆԱԿԱԶՄԸ
Feb 5, 2019

This forum topic is for the discussion of the poll question "Have you started accepting Bitcoin or other cryptocurrencies as a payment option?".

View the poll results »



 

Teresa Borges
Պորտուգալիա
Local time: 03:11
Անդամ (2007)
անգլերենից պորտուգալերեն
+ ...
No, and I don't plan to Feb 5, 2019

As far as I know the current banking system doesn't accept cryptocurrencies and I only accept bank transfers.

Christine Andersen
 

Yetta Jensen Bogarde  Identity Verified
Դանիա
Local time: 04:11
Անդամ (2012)
անգլերենից դանիերեն
+ ...
No Feb 5, 2019

and I don't see why I should.

One more thing: Nobody has asked or suggested it to me anyway.

[Edited at 2019-02-05 09:38 GMT]


Christine Andersen
 

Ricki Farn
Գերմանիա
Local time: 04:11
Անդամ (2005)
անգլերենից գերմաներեն
No. TANSTAAFL. Feb 5, 2019

Whatever the catch is, there must be something wrong with a concept that has the status of a "get rich quick" scheme. Or is even just associated with such schemes.

I have good old wire transfer that even comes with a brick-and-mortar bank in town, and during the carnival, the bank employees dress up. Nothing beats a serious young man in a suit with little angel wings attached to his shoulder blades.


Kay Denney
 

esther tanuadji  Identity Verified
Local time: 10:11
անգլերենից ինդոնեզերեն
+ ...
I've had it. Feb 5, 2019

I needed to set up a metamask account to accept the token, aergo, then I needed to set up another account at an exchange that accept that token (not every exchange accept smaller diffusion coins), then I needed to transfer the coin from my brave wallet to that exchange (fees apply), then I needed to exchange that token with ether or bitcoin, so I can cash it to USD (fees apply again). Once I have it in ether, I needed to check whether that exchange facilitate withdrawal or not. If not, I needed ... See more
I needed to set up a metamask account to accept the token, aergo, then I needed to set up another account at an exchange that accept that token (not every exchange accept smaller diffusion coins), then I needed to transfer the coin from my brave wallet to that exchange (fees apply), then I needed to exchange that token with ether or bitcoin, so I can cash it to USD (fees apply again). Once I have it in ether, I needed to check whether that exchange facilitate withdrawal or not. If not, I needed to transfer my eth to Binance (fees again), and really that's what I had to do at that time. In Binance, before exchanging the token for USD, I had to choose whether I want to cash the token via international transfer (traditional, expensive bank fees apply) or whether I wanted to transfer the eth (or btc) to local exchange (fees again) then cashed it directly to local currency (fees again). I transfereed my eth to local exchange because the amount is not significant and the total fee is still smaller than traditional bank fee. Account/wallet approval took one day per account, so it was a lengthy process. To make matter worse, the btc exchange rate plunged 50%, which affected all other crypto rate, making the total IDR (local currency), or USD, amount I received very ugly.

Enough is enough.
Collapse


Mark Nathan
 

Michael Harris  Identity Verified
Գերմանիա
Local time: 04:11
Անդամ (2006)
գերմաներենից անգլերեն
WOW!! Feb 5, 2019

esther tanuadji wrote:

I needed to set up a metamask account to accept the token, aergo, then I needed to set up another account at an exchange that accept that token (not every exchange accept smaller diffusion coins), then I needed to transfer the coin from my brave wallet to that exchange (fees apply), then I needed to exchange that token with ether or bitcoin, so I can cash it to USD (fees apply again). Once I have it in ether, I needed to check whether that exchange facilitate withdrawal or not. If not, I needed to transfer my eth to Binance (fees again), and really that's what I had to do at that time. In Binance, before exchanging the token for USD, I had to choose whether I want to cash the token via international transfer (traditional, expensive bank fees apply) or whether I wanted to transfer the eth (or btc) to local exchange (fees again) then cashed it directly to local currency (fees again). I transfereed my eth to local exchange because the amount is not significant and the total fee is still smaller than traditional bank fee. Account/wallet approval took one day per account, so it was a lengthy process. To make matter worse, the btc exchange rate plunged 50%, which affected all other crypto rate, making the total IDR (local currency), or USD, amount I received very ugly.

Enough is enough.



That was a process!
Something that I would not have let myself into in the first place.


neilmac
Christine Andersen
Kay Denney
 

Philippe Etienne  Identity Verified
Իսպանիա
Local time: 04:11
Անդամ
անգլերենից ֆրանսերեն
No, and I don't plan to Feb 5, 2019

I spend euros, so any other currency, crypto or no crypto, will only decrease my earnings or increase the customer's spending, while making banks richer.
No added value whatsoever.

Philippe


neilmac
Kay Denney
 

Thayenga  Identity Verified
Գերմանիա
Local time: 04:11
Անդամ (2009)
անգլերենից գերմաներեն
+ ...
No Feb 5, 2019

Why would I even bother to go to such a process like Esther did...and lose some 50% when the good old currencies are still in use?

At such a loss - aside from the inconvenience of following such a strenuous procedure - my clients would have to face a 100% surcharge, or bear all fees involved which nobody does, just to receive my basic rate.

Maybe this would be normal in the 22nd century, but by then I surely won't be working anymore.


 

Mario Acosta  Identity Verified
Արգենտինա
Local time: 00:11
անգլերենից իսպաներեն
Yes, hell yes! Feb 5, 2019

I accept and I use my cryptos. The thing with Bitcoins and other cryptcurrencies is that is quite difficult to explain and you have to search quite a lot of information before getting into. Esther's case could have been easily avoided. My advice here is: 1) Read as much as you can before accepting any kind of cryptos (I suggest Andreas Antonopoulos as a start point). 2) Check if there's a crypto eco-system where you live or closer, in case you want to exchange your coins for fiat money, and 3) s... See more
I accept and I use my cryptos. The thing with Bitcoins and other cryptcurrencies is that is quite difficult to explain and you have to search quite a lot of information before getting into. Esther's case could have been easily avoided. My advice here is: 1) Read as much as you can before accepting any kind of cryptos (I suggest Andreas Antonopoulos as a start point). 2) Check if there's a crypto eco-system where you live or closer, in case you want to exchange your coins for fiat money, and 3) set up a wallet in your phone or PC (even better if you can afford a trezor). In case that you need to know more, quote me or send me a private message. I'd be happy to help youCollapse


Márcio Clemente
Greg Strider
 

esther tanuadji  Identity Verified
Local time: 10:11
անգլերենից ինդոնեզերեն
+ ...
you can't avoid the rate plunge Feb 5, 2019

Mario Acosta wrote:

I accept and I use my cryptos. The thing with Bitcoins and other cryptcurrencies is that is quite difficult to explain and you have to search quite a lot of information before getting into. Esther's case could have been easily avoided. My advice here is: 1) Read as much as you can before accepting any kind of cryptos (I suggest Andreas Antonopoulos as a start point). 2) Check if there's a crypto eco-system where you live or closer, in case you want to exchange your coins for fiat money, and 3) set up a wallet in your phone or PC (even better if you can afford a trezor). In case that you need to know more, quote me or send me a private message. I'd be happy to help you


First of all, I am not trying to discourage people to avoid crypto payment.

I agree that the set up part was easy and once everything is set up, we can repeat the cashing in part with no trouble. However, you can't control the "rate plunge" part. This confuses everything. Crypto clients usually prefer quotations in ETH or BTC, not USD, and we quote on "current" exchange rate. Once the exchange rate plunges, there is nothing we can do. We can't ask the client to "pay for the difference".


Mario Freitas
 

neilmac  Identity Verified
Իսպանիա
Local time: 04:11
իսպաներենից անգլերեն
+ ...
No, and I don't plan to Feb 5, 2019

None of the people or businesses that I have to pay, for example for rent, tax, vehicle repairs, foodstuffs... etc etc etc.... or from which I receive payment, would accept cryptocurrencies or even know what to do with them. So, the whole notion is a non-starter for me.

[Edited at 2019-02-05 14:11 GMT]


Christine Andersen
Jennifer Forbes
Philippe Etienne
Thayenga
Teresa Borges
Mario Freitas
Maria da Glória
 

Christine Andersen  Identity Verified
Դանիա
Local time: 04:11
Անդամ (2003)
դանիերենից անգլերեն
+ ...
They are totally unpredictable and NOT environment friendly Feb 5, 2019

The security system alone, and keeping track of who owns what with bitcoins, consumes vast amounts of electricity - enough to power a country like Ireland or Switzerland. Denmark, where I live, has lots of wind turbines and solar panels around, but still needs fossil fuels for energy. I would go for a more environment-friendly currency on principle.

Apart from environmental considerations, my bank advises against it. The tax implications here are terrifying! I accept Kroner, Sterlin
... See more
The security system alone, and keeping track of who owns what with bitcoins, consumes vast amounts of electricity - enough to power a country like Ireland or Switzerland. Denmark, where I live, has lots of wind turbines and solar panels around, but still needs fossil fuels for energy. I would go for a more environment-friendly currency on principle.

Apart from environmental considerations, my bank advises against it. The tax implications here are terrifying! I accept Kroner, Sterling or Euros, and would not know what to do with cryptocurrency - nor would anyone I pay bills to. The bank system works fine for me - if it ain´t broke, don´t fix it!
Collapse


Laura Nagle
 

Mario Acosta  Identity Verified
Արգենտինա
Local time: 00:11
անգլերենից իսպաներեն
rates Feb 5, 2019

esther tanuadji wrote:

Mario Acosta wrote:

I accept and I use my cryptos. The thing with Bitcoins and other cryptcurrencies is that is quite difficult to explain and you have to search quite a lot of information before getting into. Esther's case could have been easily avoided. My advice here is: 1) Read as much as you can before accepting any kind of cryptos (I suggest Andreas Antonopoulos as a start point). 2) Check if there's a crypto eco-system where you live or closer, in case you want to exchange your coins for fiat money, and 3) set up a wallet in your phone or PC (even better if you can afford a trezor). In case that you need to know more, quote me or send me a private message. I'd be happy to help you


First of all, I am not trying to discourage people to avoid crypto payment.

I agree that the set up part was easy and once everything is set up, we can repeat the cashing in part with no trouble. However, you can't control the "rate plunge" part. This confuses everything. Crypto clients usually prefer quotations in ETH or BTC, not USD, and we quote on "current" exchange rate. Once the exchange rate plunges, there is nothing we can do. We can't ask the client to "pay for the difference".


In this I would suggest to charge in USD/EUR or other fiat currency of your choice and be paid the equivalent amount in BTC/ETH/Bitcoin Cash/etc.

Guys, most of the comments I'm reading here are myths and desinfo news...Please, search on this subject. The Blockchain technology and Bitcoin is probably one of the best inventions of this century. Check this out: https://youtu.be/ffmu6t7PtO0


Márcio Clemente
Maria da Glória
 

Mario Freitas  Identity Verified
Բրազիլիա
Local time: 01:11
Անդամ (2014)
անգլերենից պորտուգալերեն
+ ...
No, and I don't plan to Feb 6, 2019

For two reasons:

1. I don't understand how a currency can exist without any ballast behind it, so I think this bubble will burst soon enough, and many people will break along with it, making a few very rich.

2. I live in Brazil, and there isn't much I can do with Bitcoins but to convert it into real currency to be able to use it. So, it would only mean adding one more step between receipt and money in my hands.


 


To report site rules violations or get help, contact a site moderator:

Այս ֆորումի մոդերատորները
Jared Tabor[Call to this topic]

You can also contact site staff by submitting a support request »

Poll: Have you started accepting Bitcoin or other cryptocurrencies as a payment option?

Advanced search






WordFinder Unlimited
For clarity and excellence

WordFinder is the leading dictionary service that gives you the words you want anywhere, anytime. Access 260+ dictionaries from the world's leading dictionary publishers in virtually any device. Find the right word anywhere, anytime - online or offline.

More info »
SDL Trados Business Manager Lite
Create customer quotes and invoices from within SDL Trados Studio

SDL Trados Business Manager Lite helps to simplify and speed up some of the daily tasks, such as invoicing and reporting, associated with running your freelance translation business.

More info »



Forums
  • All of ProZ.com
  • Բառերի որոնում
  • Պատվերներ
  • Ֆորումներ
  • Multiple search