Ask HN: Survey] Why do/don't you buy with crypto?
To pay with my credit card online I just need to fill in the card details (which are often stored on the website anyway, or auto-filled by my browser). To pay with card in person, I just need to touch in my phone (at worst take out my card and enter the PIN if they don&#x27;t accept contactless, which is exceptionally rare in the UK).<p>To pay with a cryptocurrency I need to:<p>1. Be using a service which accepts crypto. This immediately rules out the overwhelming majority of services people use, live or online.<p>2. Own the same cryptocurrency which the service accepts.<p>3. To have it, I need to register to a cryptocurrency exchange.<p>4. To do that I need to go through identity checks and often message support a couple of times for one thing or another.<p>5. Now I can use a payment method to deposit money from my bank account to the exchange. NOTE: This step alone is slower than the entire process of just paying real money with my credit card.<p>6. I need to wait a couple of days for the bank transfer to the exchange to clear. The transfer also comes with fees.<p>7. While I&#x27;m doing this the price of the cryptocurrency is fluctuating and I have no way to know which way it will go next and by how much.<p>8. Now I need to transfer the cryptocurrency from the exchange to my wallet - this process is different for each coin and each exchange.<p>9. A few minutes later, if I&#x27;ve followed the instructions correctly I may have the privilege to pay with a cryptocurrency from my wallet. I will pay a fee for this and the payment won&#x27;t be received immediately.<p>And I&#x27;m capable of doing all of this because I&#x27;m a somewhat technical person who&#x27;s used to following instructions written by other people and has a basic understanding of cryptocurrency. Neither the older members of my family, nor the younger ones who don&#x27;t spend their entire day in front a computer will have the ability or interest to go through this.