Before the holidays we took a look at a bunch of Bitcoin payments we’ve received and saw that the transaction fees were in the area of 10% of the gross amount of the transaction.
That seems high, and while we have every confidence that this is a short term phenomenon – namely, Segwit2x and/or Lightning, or some other solution will come along to ease the pain; we wanted to provide a couple of options now in order for our members to better minimize transaction fees when opting to remit in crypto.
For existing members in good standing we’re moving to 0 confirmations (normally this is set to 2). This gives you the option to either time your transactions better (more betterly?) or, if you have the ability in your wallet, you can set a lower priority and thus save on mining fees.
Either way some of the time pressure is alleviated giving you more flexibility, which can be handy – especially around renewal time.
Now accepting Bitcoin Cash (BCH)
If you haven’t figured this out yet, we are not Bitcoin (Core) maximalists. As a DNS provider it is more natural for us to position as protocol agnostic. It’s your use case that’s important, our job is to provide the means to implement it. In that vein, we will accept certain alternatives to BTC. If it makes it easier for you to pay us, we’d be crazy not to.
On that topic, we are once again: the world’s first ICANN accredited registrar to accept Bitcoin Cash (and Ethereum, and BTC).