06-27-2021, 10:52 PM
The fee terror is real
<!-- SC_OFF --><div class="md"><p>Withdrawal fees, trade fees, network fees, air fees. If it's a token, it's even worse, requiring two withdrawals (ERC20 token + Ether, or the equivalent of the used network). </p> <p>The amount of steps required to use layer 2 solutions or things like TLM and WAX are just so damn high and everyone along the way takes a cut. </p> <p>This isn't how crypto is supposed to be. Currently, instead of paying one central party, there's a dozen different parties all wanting a share. </p> <p>Sending money via banks cost ZERO and in some areas instant payments are being rolled out, such as SEPA instant payments.</p> <p>It should be in everyone's interest to make crypto usable, but all these fees for using crypto is really frustrating and likely slowing down the adoption.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Randomized_Emptiness"> /u/Randomized_Emptiness </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o8y9nt/the_fee_terror_is_real/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o8y9nt/the_fee_terror_is_real/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Withdrawal fees, trade fees, network fees, air fees. If it's a token, it's even worse, requiring two withdrawals (ERC20 token + Ether, or the equivalent of the used network). </p> <p>The amount of steps required to use layer 2 solutions or things like TLM and WAX are just so damn high and everyone along the way takes a cut. </p> <p>This isn't how crypto is supposed to be. Currently, instead of paying one central party, there's a dozen different parties all wanting a share. </p> <p>Sending money via banks cost ZERO and in some areas instant payments are being rolled out, such as SEPA instant payments.</p> <p>It should be in everyone's interest to make crypto usable, but all these fees for using crypto is really frustrating and likely slowing down the adoption.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Randomized_Emptiness"> /u/Randomized_Emptiness </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o8y9nt/the_fee_terror_is_real/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o8y9nt/the_fee_terror_is_real/">[comments]</a></span>Kind Regards R