Author

Topic: BTC for Fiat exchanges (Read 182 times)

sr. member
Activity: 868
Merit: 278
October 28, 2019, 10:28:58 AM
#9
If you talk about USD via Swift, some exchanges that I mentioned above do.

Yes. I was talking about Swift transfers. Thank you.
hero member
Activity: 1651
Merit: 863
October 28, 2019, 09:55:17 AM
#8
No exchange takes Cash. This only OTC and P2P do.
If you talk about USD via Swift, some exchanges that I mentioned above do.
sr. member
Activity: 868
Merit: 278
October 28, 2019, 09:29:37 AM
#7
Ok, but where is the problem?
If you open account at Bitfinex, Bitstamp Kraken or any big exchange you pay spotprice + ~0.2%

If they dontaccept you, you may trade at P2P-Platforms like LBC and pay ~5%
or you buy cash P2P at ~3%, depending on region.

I am talking about cash. Not USDT. For example: I want to sell BTC for US DOLLARS Amount = 50k and over from personal account.
hero member
Activity: 1651
Merit: 863
October 28, 2019, 09:17:36 AM
#6
Ok, but where is the problem?
If you open account at Bitfinex, Bitstamp Kraken or any big exchange you pay spotprice + ~0.2%

If they dontaccept you, you may trade at P2P-Platforms like LBC and pay ~5%
or you buy cash P2P at ~3%, depending on region.
sr. member
Activity: 868
Merit: 278
October 28, 2019, 08:58:25 AM
#5
But USDT is not the same than USD.

The rate is always the same. https://coinmarketcap.com/currencies/tether/

If you want to pay with paypal, they have to cover the risk and the PP-Fees.

I am talking about amount 30k and over. You can not pay such amount with PayPal nor with credit or debit card.

hero member
Activity: 1651
Merit: 863
October 28, 2019, 07:59:30 AM
#4
Quote
The problem is that all exchanges that are offering BTC for Fiat are asking for ridiculous prices.
Not true.
Exchanges dont buy or sell coins, they just create the infrastructure for a market.
The market creates the price.

At any exchange you pay fees, so your cost is never the price. Expect 0.2% on trading and 0.0005 BTC for withdraw.


NO Exchange sell 10% above price. What do you mean with price? Price means the actual exchange rate at one of the big exchanges....
BTW the coinmarketcap-price includes the pair USDT/BTC, but USDT is not the same than USD.
So Coinmarketcap not exactly reflects the money you have to pay for a coin.
So only check the price at exchanges who really payout/payin Fiat too....

Maybe some Reseller-Websites(g.e.Coinbase) who dont run an exchange,but BUY/SELL their own coins, sell more expensive,
but they offer different fiat-payments like paypal or creditcard.
Its obvious, if you want to pay with paypal, they have to cover the risk and the PP-Fees...

THE exchange for Fiat/Crypto is Bitstamp. They dont sell over price, they ARE the price...its a reference in USD/BTC
The have payin in USD too.
sr. member
Activity: 868
Merit: 278
October 27, 2019, 02:29:10 PM
#3
register a personal or corporate account on the Bitstamp exchange (I have a corporate one) and buy BTC through an instant exchange (0.22% of 20 k usd per transaction) and be happy.

Thanks. But it depends on the price of BTC in USD. Anyway I will check it.
newbie
Activity: 40
Merit: 0
October 27, 2019, 01:39:46 PM
#2
register a personal or corporate account on the Bitstamp exchange (I have a corporate one) and buy BTC through an instant exchange (0.22% of 20 k usd per transaction) and be happy.
sr. member
Activity: 868
Merit: 278
October 27, 2019, 08:06:31 AM
#1
I was searching for a good exchange to buy BTC with USD. The problem is that all exchanges that are offering BTC for Fiat are asking for ridiculous prices. Something like -10% coinmarketcap price ! I am talking about big amount like 50K +. I just want you opinion and do not need any offers. All scammy offers from newbies and similar BS will be deleted.
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