Greetings!
I hope everyone is fine and going everything well I'm back with another interesting article
Can't write this yesterday coz of busy schedule and mood off coz or rusty didn't visited on previous one so here I'm back again with hope can't loss my hope in just 1 article i know it will take your time to write and break heart when you got nothing but it's okay for me.
I'll talk about recently i moved my BCH to Bitcoin.com wallet and everyone is asking about reasons so I'll share it here.
Stay with me and read full article
Going to write these things with details
Here are some reason I'll highlight in article
High transfer fee's
Transaction's issue's
Prices issue's
Identity verification or you will loss your money there
Security and personal trust issues
These all issues are main reasons to move my BCH amount from there to another and only option i saw is Bitcoin.com wallet
I'm using payer as my holding wallet since 2months and faced a lot of issue's but before losing my amount i moved my BCH to another wallet.
Let's go in detailed reasons
High transfer fee's
Major problem is transaction and fee's these are two different problem I've faced in payer the most useful thing to hold your amount and trade.
Yesterday after 2 months i moved my money and here is proof of fee's i pay them to transfer BCH.
first i want to tell I've 0.16BCH in wallet and you will be shock after seeing this much costly transferred fee.
Here in first screenshot you can see i transferred 0.050 and I've left 0.11bch in wallet but wait you will see a twist.
Here's a proof received my amount in just 1 minute but you can see 0.051BCH in screenshot I've sent 0.050 but it cost 0.001bch fee's which mean 0.50$ fee for this low amount of BCH.
Wait for next transaction now
After this as i said I've left 0.11bch to transfer more
as you can see instead of 0.11bch I've left 0.098bch to transfer and after this i calculated about total fee's and i was shocked for a moment.
Let me show you total amount received from 0.16bch
From 0.16 I've received only 0.148 let me calculate total fee I've to pay them and loss i got after 2 month's holding in that wallet and withdrawing cost all amount.
i Pay 0.02 BCH to transfer my amount
I was also shocked when i saw this much fee's first i thought its normal but when i checked it cost 9.8$ amount which is quite big amount.
I know you guys will not believe but i know how i feel after doing this transaction.
I'll suggest everyone to not use payer as BCH or another holding wallet
Now I'll show you Bitcoin.com wallet transaction fee
You will definitely gonna change your decision if you're using other wallet you will move yourself to this one coz of difference.
I just did experiment in my main wallet to see is it worth holding amount here so here is proof .
As you can see it cost nothing to transfer your amount anywhere so why I'll pay fee in other instead of this which cost nothing.
I've trick which will Make your transaction fee to less and will cost less amount and some tips to manage your amounts
If you want to know comment on this article I'll surely going to write if you're interested
Transaction issue's in payer
Before this step tragedy happen with my friend which scared me to do this step before losing my savings.
He did a transaction but coz of slow net it said transaction failed and when he reopened app his wallet was empty and transaction was successful but didn't received where he want to send.
This scared me a lot and decided to move my money to next place.
More reason was in my mind but it's make me to take decision instantly.
Next reasons are more shocking and you'll thank me if you're using same wallet.
Price's issue
If you know i told this before prices are different in exchanging option and trading option but it's not a big deal or problem to leave but still if you don't know then I'm giving you a personal advice.
Never Exchange your amount always prefer trade with specific thing you want
Identity verification in payer
Yes you don't know about this but you can loss your money if you didn't take it serious.
Verification is important coz your account can be suspend or happen anything with it and can't do anything to make your amount back.
You will loss everything in your wallet if you didn't take it serious.
In my country we can't verify coz don't have any option to verify or isn't available here this is another reason to move my amount
Limitations
Without verifying your account you're able to trade or hold only 900$ worth amount after exceeding limits you have to verify or anything can happen with your amount.
Loss your money
This was mine biggest fear and already happen with my friend without verification they can ban you anytime and scam you their help and support will do nothing and won't help you and will just waste your time and days.
So please don't use that wallet and be safe
Security & personal trust issues
In every platform you're satisfied when security is good and other things but every day i was in fear to loss money there are many reasons and trust issues.
Following are main reasons
No recovery seed phrase
No forgot password option
No forgot pin option
recovery seed phrase
Everyone required recovery seed phrase to move your amount when you loss access to email and forgot password but there is no such options which make me feel feared to loss money we don't know when our bad time come but at least they need to satisfy their users .
Another time I'm asking you to not choose payer as BCH or any amount holding wallet
No forgot password or pin option
Another main and risk taking reason is there is no way to forgot password and recover your amount if you don't know your pin when you created your account and i forgot mine and was to sad and depressed to loss my amount.
But somehow i remember my pin and changed it then saved it to notepad with every single details.
If you're using this wallet and don't know about this then will suggest you to write pin and email password on separate place to save your amount.
Closing thoughts
Before closing i want to know something from you guys i found a way to un hide your hidden tweets and if you want to know about full procedure I'll share in my next article but you have to tell me in comments and also give your precious feedbacks to know which wallet you prefer most and why? I want to use a better one without any risk or tension.
Payeer has high fee that's why I stopped using it.