Transfer through ATMs of Sberbank has become paid. Bitcoin commissions are lower

While the bank was lifting the limit on free transactions through ATMs, the first cryptocurrency was sent to the networkover $ 2.2 billion, paying less than $ 7 for it.

On the eve of June 19, an unknown usermade seven transfers, each of which involved 35-39 thousand BTC. In total, the investor poisoned about 230 thousand BTC, the total value of which exceeded $ 2.2 billion. No more than $ 7 was spent on transferring such an amount.

? ? ? ? ? ? ? ? ? ? 39,635 #BTC (369,047,731 USD) transferred from unknown wallet to unknown wallet

Tx: https://t.co/VF9JbMS4m9

— Whale Alert (@whale_alert) June 19, 2020

The user paid for each of the transfersabout 90 cents of commission. However, it was even cheaper to transfer capital using other cryptocurrencies. For example, one transaction on the Ethereum network costs about 20-30 cents, in the case of the XRP token, about 5 cents.

Why cryptocurrencies are useful

In addition to low commissions, another clear plustransfers in cryptocurrency - there is no need to fill out the full bank details of the user, you only need the wallet address, explained EXMO Exchange Development Director Maria Stankevich.

Bank transfer has many shortcomingsmore, says Stankevich. We need full details, sometimes even bank codes in SWIFT, the terms of the transfer are much higher, and there are also restrictions on the amount of transfer. But if the user made a mistake, it is possible to return the funds.

Senior Analyst, Bestchange.Common crawl en Nikita Zuborev noted that it is more reliable to use regulated banks and payment systems for transfers. But if the bank, payment system, court or prosecutor considers the transaction suspicious, the user will bear the burden of proof of the origin of the funds and possible liability, in the absence of this evidence.

Why using bitcoin for transfers is not always convenient

Loss of part of the amount when converting rubles to BTC.

Transferring money using cryptocurrency for an inexperienced user is a complex process. There is a risk of fraud when exchanging.

When sending funds, the user may make a mistake in filling out the address. In this case, the cryptocurrency will be lost, since it is impossible to cancel transactions on the blockchain.

Zuborev went on to transfer funds tocryptocurrency is not always more profitable than through bank payments. If we take the general case of the average user with a transfer of up to 20 thousand rubles, the benefit is definitely doubtful. But if we talk about significant amounts, then digital money wins in all respects.

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