- Fulfill an arbitrary number of legal requirements
- Sign up for an account at a bank
- Transfer money to the bank (by doing a?)
- Wait for the check/deposit to go through (hopefully neither you nor the bank fucked something up)
- Put it in your debit/credit account (this one step is kinda-easy, I'll grant)
The last thing about "Hoping the price holds stable" is irrelevant. The recipient can convert them immediately.
A fair comparison is the act of paying with your (funded) credit card versus paying with your (funded) Bitcoin wallet. I can say from experience that the Bitcoin wallet is significantly easier in a lot of cases (and also carries less of a risk of getting skimmed or having a payment database hacked or something).
Replace a) with
- Fulfill an arbitrary number of legal requirements
- Sign up for an account at a bank
- Transfer money to the bank (by doing a?)
- Wait for the check/deposit to go through (hopefully neither you nor the bank fucked something up)
- Put it in your debit/credit account (this one step is kinda-easy, I'll grant)
The last thing about "Hoping the price holds stable" is irrelevant. The recipient can convert them immediately.
A fair comparison is the act of paying with your (funded) credit card versus paying with your (funded) Bitcoin wallet. I can say from experience that the Bitcoin wallet is significantly easier in a lot of cases (and also carries less of a risk of getting skimmed or having a payment database hacked or something).