Based on your example, if the last trade price for the stock was $1.23, then you might have the following bid prices and ask prices: 1  bid: 50 shares at $1.20. 2  bid: 20 shares at $1.21. 3  bid: 30 shares at $1.22. 4  ask: 40 shares at $1.23. 5  ask: 15 shares at $1.24. 6  ask: 45 shares at $1.25.
314,000: Current number of EMV chip-activated merchant location. 60 million: The number of U.S. chip card transactions processed in August. 25% : Percentage of US. debit cards that will be issued as EMV cards by the end of 2015. 60% : Percentage of U.S. credit cards that will be issued as EMV cards by the end of 2015.$3.50: Average cost for issuing a new EMV card.$500-$1,000: Average cost of an EMV-compliant point-of-sale terminal.14,000: Current number of EMV chip-activated merchant location. 60 million: The number of U.S. chip card transactions processed in August. 25% : Percentage of US. debit cards that will be issued as EMV cards by the end of 2015. 60% : Percentage of U.S. credit cards that will be issued as EMV cards by the end of 2015.
Those users wanting to incentivize miners to confirm their transactions sooner can attach larger fees, such as 0.001 BTC ($0.61), for example. To compare somebody transacting $100 of value with a credit card would thus cost around $3.37, while a BTC transaction of similar value would cost at most around $0.61 - making credit cards a little more than 5.5x more costly for that transaction. The Bottom Line. Bitcoin transactions are markedly less expensive than a similar credit card transaction, due to the fact that Bitcoin relies on a distributed network of miners rather than a centralized network of banks and processors.