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Old 01-12-2021, 12:35 PM  
csnmf
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Join Date: Nov 2020
Posts: 54
Quote:
Originally Posted by Pink24 View Post
From a personal point of view I use bitcoin for a couple of different reasons.

1. It was initially an investment. I bought 4 bitoin at £230 and a 5th which was bought as a gift.
Over the years I spent most of this bitcoin. Cashing it to GBP so I could buy food etc.
The amount, overall I made on this investment overall was many times more than I would have ever got in a bank from a similar investment.

2. I believe in the technology. I think the idea behind it is solid and I like being able to store the bitcoin in my own wallet that I own the private keys to.

3. I like getting paid in bitcoin. For me, I wish more adult companies paid in bitcoin. It's just so quick and easy and hassle free.
I have recently been paid by Bongacash in Bitcoin. Conversely, Chaturbate also sent me a cheque around the same time. This is still on the fridge in my kitchen. I tried to take it to the bank but apparently they don't cash foreign checks anymore. I need to post it off, wait weeks for it to be processed and hope it doesn't get lost.

I have also recently had other issues with my bank.
For some reason I couldn't receive the OTP they said to your phone by SMS when you want to make a purchase or send money. It had been going on for a while until I had had enough and then spend 20 minutes jumping through hoops trying to speak to a real person at the bank. They were not helpful and told me to phone my cell phone provider.
They were not helpful so I ended up going into the bank.
I was there almost an hour and eventrually they just told me I needed to use the app.

So, yeah.
I assume you are in the UK, I had that problems a few years back when Amazon used to send out cheques. I think Chaturbate does ACH transfers for free. You can set up an account at Transferwise. Send your chaturbate payments to your Transferwise and then from there send to your UK account. It will arrive in your UK account within minutes and the fees are ok about $8 to send $1000 and you get a very competitive exchange rate.

Basically cheaper, faster, much smaller exchange rate risk than getting paid in bitcoin and then selling for GBP.
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