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RE: Bitcoin Transaction Fees Drop To 2014 Levels

in #bitcoin6 years ago

Currently one can actually transfer Bitcoin fairly easy between countries, for instance there will be no tax to be paid when transferring to and from South Africa, although the exchanges will charge commission. (I however suppose one will need to declare an income for Tax purposes)

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Hi @rynow, yes agreed that it is still the exchanges that are charging its customers commission. The actual transfer may only be a 0.5% fee, but exchanges can charge 1-5%. I would say it is relatively lower than what some remittance institutions charge today :)