i will continue by saying that one of the best ways i found yet is through tether.to where you can exchange usd to usdt that you can later transfer to Poloniex and this way you do not lose any transaction fees etc.
The problem is that tether does not accept debit card or paypal so kind of useless for this particular situation
Topic: ADVANCED QUESTION: FIAT to BTC and back. Smart, sustainable design wanted (Read 297 times)
March 17, 2017, 04:22:13 AM
March 15, 2017, 05:32:07 AM
ok, let me start by saying that this topic will come handy for a lot of people especially if you want to do things smart
What i consider smart?
first off avoiding chopping our money in tiny bits and pieces and a billion commissions and fees and making paypal and banks profitable while wasting our money in the process of transfer from one side to the other
What led me with this first statement?
No matter how you put it going from usd to btc then to poloniex then spend or cash out some money(fiat) will chop your profits in tiny bits and pieces.
My particular situation is this:
i have money in my paypal in my country paypal does not let me to withdraw in my bank account i need to make a new visa card(30euros/year administration fee + 25 euros opening the account, 5 usd every 500$ withdrawing fee(paypal), 0.5-2% fees to withdraw from the bank and many other additional costs)
If one would choose to look into all those one would puke just by seeing the rate at which we give away our money through those elaborate money chopping machines called banks.
I am not the person to chew everything is thrown my way, efficiency is what i am looking and i know that this forum has some very smart individual that are invited to share some very appreciated knowledge.
After all by sharing we grow together!
What would be the smartest way to complete this circuit?
ps: i mainly am looking for a solution starting with paypal(usd) that ends with me spending and withdrawing some cash (fiat)
moderators: this is not a beginner question, what i am asking in here is advanced and by moving in the beginners area will defeat the whole purpose
What i consider smart?
first off avoiding chopping our money in tiny bits and pieces and a billion commissions and fees and making paypal and banks profitable while wasting our money in the process of transfer from one side to the other
What led me with this first statement?
No matter how you put it going from usd to btc then to poloniex then spend or cash out some money(fiat) will chop your profits in tiny bits and pieces.
My particular situation is this:
i have money in my paypal in my country paypal does not let me to withdraw in my bank account i need to make a new visa card(30euros/year administration fee + 25 euros opening the account, 5 usd every 500$ withdrawing fee(paypal), 0.5-2% fees to withdraw from the bank and many other additional costs)
If one would choose to look into all those one would puke just by seeing the rate at which we give away our money through those elaborate money chopping machines called banks.
I am not the person to chew everything is thrown my way, efficiency is what i am looking and i know that this forum has some very smart individual that are invited to share some very appreciated knowledge.
After all by sharing we grow together!
What would be the smartest way to complete this circuit?
ps: i mainly am looking for a solution starting with paypal(usd) that ends with me spending and withdrawing some cash (fiat)
moderators: this is not a beginner question, what i am asking in here is advanced and by moving in the beginners area will defeat the whole purpose
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