In my Wells Fargo account, I can transfer to another bank's account in three clicks and about two minutes. All I had to do was set it up and prove that I own the other end. Deposits usually clear that day.
In my Wells Fargo account, I can transfer to another bank's account in three clicks and about two minutes. All I had to do was set it up and prove that I own the other end. Deposits usually clear that day.
With bitcoin, you can also do all this at anytime, not just within the 9-5 Mon-Friday, no holiday bank schedules.
> The fees are dramatically cheaper (domestic wire transfers are at least $10, international are more like $30)
I pay no fee for the service I described. Not a penny.
> and there's no need to 'prove' anything.
This took a few hours, and was quite low-effort. Not a problem I'm looking to solve in my life, since I only did it once.
> With bitcoin, you can also do all this at anytime, not just within the 9-5 Mon-Friday, no holiday bank schedules.
As can I.