Tectum

<p>Bitcoin is becoming more popular each day, as more people are adopting this cryptocurrency for making payments. For example, a landlord and tenant entered into a <a href="https://tectum.io/blog/local-bitcoin-rental-agreement-in-argentina-why-every-landlord-should-become-a-softnote-merchant/" rel="noopener noreferrer nofollow">rental agreement in Argentina</a> to pay his $100 monthly rent in crypto.</p><p>In fact, a l<a href="https://www.thestreet.com/crypto/markets/leaked-u-s-government-crypto-strategy-what-it-means-for-bitcoin-and-a-bold-price-prediction" rel="noopener noreferrer nofollow">eaked document</a> shows the United States government’s strategy to venture into digital assets. More so, some experts claim this massive move could cause Bitcoin to rise to as high as $67,000.</p><h2 id="header-0">Challenges of Making a Cheap Bitcoin Payment</h2><p>Despite the progressive news popping up everywhere, there remains a fundamental issue with the technology powering the world’s first cryptocurrency. Due to its data architecture, Bitcoin in its native form is “slow and expensive”. Think of it as having an expensive car to maintain and driving very slowly.</p><p>Bitcoin uses the proof of work, basically what its name states. Miners have to show proof that they worked and deserve to earn the rewards. This process involves solving a complex mathematical equation and delivering a result whose value is less than the value of the last block.</p><p>After getting a result, they must broadcast it to the network for approval. Once a miner broadcasts a result, others must scrutinize and approve it. This process is time-consuming and applies to every block that is added to the chain. It is also energy-intensive, as miners use supercomputers and loads of energy to outwit other miners.</p><p>While this process is very secure, it does come at the cost of being slow and very expensive. The Bitcoin network charges fees per the amount of data it processes, rather than the value of the transaction. Therefore, users sending and receiving BTC in small quantities end up paying fees higher than the amount they are sending.</p><h2 id="header-1">5 Ways to Make a Cheap Bitcoin Payment</h2><p>Although the traditional Bitcoin architecture is not cost-efficient, there are several ways to make a cheap Bitcoin payment. This ranges from Bitcoin scaling solutions to simple tricks when sending via the native BTC network.</p><p>Here are 5 easy and cheap ways to make a Bitcoin payment:</p><p>Send Bitcoin During Off-Peak Hours</p><h3 id="a-href-https-wallet-softnote-com-softnote-rel-noopener-noreferrer-nofollow-tectum-softnote-a"><a href="https://wallet.softnote.com/softnote" rel="noopener noreferrer nofollow">Tectum SoftNote</a></h3><ul><li><strong>What it is</strong>: A solution by Tectum enabling zero-fee Bitcoin payments using SoftNote bills.<br /></li><li><strong>Why it&#39;s cheap</strong>: No gas fees on transactions; simple and user-friendly.<br /></li><li><strong>How to use it</strong>: Load Bitcoin into SoftNote Bills in the Tectum wallet and send them to recipients easily.<br /></li></ul><h3 id="use-a-crypto-debit-card">Use a Crypto Debit Card</h3><ul><li><strong>What it is</strong>: Services like BitPay or Binance offer crypto debit cards for daily payments.<br /></li><li><strong>Why it&#39;s cheap</strong>: Minimal fees and it directly converts your Bitcoin into fiat at the point of sale.<br /></li></ul><h3 id="strong-how-to-use-it-strong-get-a-crypto-debit-card-load-it-with-bitcoin-and-spend-it-like-you-would-with-a-regular-card"><strong>How to use it</strong>: Get a crypto debit card, load it with Bitcoin, and spend it like you would with a regular card.</h3><h3 id="lightning-network">Lightning Network</h3><ul><li><strong>What it is</strong>: A layer-2 solution built on Bitcoin, enabling faster and cheaper transactions.</li><li><strong>Why it&#39;s cheap</strong>: Low transaction fees due to off-chain processing.</li><li><strong>How to use it</strong>: Set up a Lightning wallet (e.g., Phoenix, BlueWallet), fund it with Bitcoin, and make instant payments.</li></ul><h3 id="bitcoin-wallet-apps-with-low-fees">Bitcoin Wallet Apps with Low Fees</h3><ul><li><strong>What it is</strong>: Popular Bitcoin wallets that offer optimized fees.</li><li><strong>Why it&#39;s cheap</strong>: Wallets like Exodus and Electrum allow you to customize your transaction fees.</li><li><strong>How to use it</strong>: Choose low fees in the wallet settings for non-urgent transactions.</li></ul><h3 id="peer-to-peer-p2p-exchanges">Peer-to-Peer (P2P) Exchanges</h3><ul><li><strong>What it is</strong>: Platforms like Paxful or LocalBitcoins allow you to send Bitcoin directly to other users.</li><li><strong>Why it&#39;s cheap</strong>: You can find sellers with low fees or even make off-chain trades.</li></ul><p><strong>How to use it</strong>: Choose a P2P exchange, find a trusted seller, and complete the transaction.</p>

5 Easy and Cheap Ways to Make a Bitcoin Payment

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Tectum Softnote

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