Concrete example : why Bitcoin is better than a bank

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1 BTC = $4116.53 USD  (via Coinbase)
1 ETH = $157.51 USD  (via Coinbase)
1 LTC = $51.19 USD  (via Coinbase)
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So I decided to close my account after Banco Millenium BCP (Banco Comercial Português) has increased the threshold for account maintenance fees exemption from a minimum €5k to €10k deposited/invested at the bank. Simultaneously, the bank has eliminated the €2.5k-5k bracket which had a reduced account maintenance fee (€54.42/year). The bank will be charging €64.9/year in account maintenance fees for clients with deposits below €10k.

Guess what, they took 1.20 eur to transfer the residual balance of the account. It corresponds to the cost of 50-60 transactions with Bitcoin on-chain, and we are talking about something wich has only 10 years. Not even mentioning segwit or LN. Bye bye banks.

submitted by /u/Sylfaen8
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Kryptous

Crypto Coins News - Ratings - Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $4116.53 USD  (via Coinbase)
1 ETH = $157.51 USD  (via Coinbase)
1 LTC = $51.19 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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