1 Level
5 Review
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Review on Bitcoin Diamond by Mason Michaud
On the payment section, select pay with a wire transfer. This will immediately…
On the payment section, select pay with a wire transfer. This will immediately shift the transaction to a pending mode. The cryptocurrency exchange of choice will have to make a claim and change the transaction to be completed once the cash hits its account. This will take between two to four days depending on the location and the specific exchange.
Pros
- If you fancy making online purchases, one of the top payment methods is PayPal. Most people prefer it because it is prompt and very easy to use. However, PayPal has been dragging its feet to facilitate payment to cryptocurrency networks such as Bitcoin and Bitcoin Diamond. Though it has indicated that such payments will be effected in the coming months, it appears that users are left with no option but to go through the longer methods of purchasing BCD from PayPal.
Cons
- One of the primary reasons for the fast growth of cryptocurrencies in the market today is the promise to lower the transaction fee. While Bitcoin Diamond is yet to make the actual transaction cost clear, it is lower than what Bitcoin charges. This is made possible through a bigger block size and implementation of Segregated Witness technology.
