Does OCUK have any plans to start accepting crypto payments?

What would be the transaction costs of taking bitcoin as payment?

Say a 1000 quid gfx card

Can someone crypto list them all from buyer to seller. I assume there would be a chunky extra cost for all the faffing.

I know it's dead topic I just don't wanna start a new question somewhere


I see a car dealer selling older models in BTC and they are 3 to 4 times the cost in Euros. That's insane.
That's highly variable depending on the size of the transaction, how busy the network is at the time, and how long you are willing to wait. A typical transaction with 1 input and 2 outputs would be 144 bytes, but it could be significantly larger if you have to use multiple inputs. At the moment you could use a fee of 7 sat/byte and it would be confirmed reasonably quickly, so for a typical 144 byte transaction it would cost £0.23. However, if a retailer is using BitPay then they will charge you something ridiculous like £5 for them to move it to another address after they receive it. For a £1000 graphics card that wouldn't be a problem, but it would be if you made lots of smaller purchases.
 
Back
Top Bottom