Do you buy or sell crypto for cash? - page 4.

Crumple Cat

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Quote from: bitcoinmasterlord on April 11, 2018, 07:45:42 AM

I sold my bitcoin and altcoins to my friends and their friends for cash. My friend directly transferred money to my account and I sent him Bitcoins to his blockchain wallet. he referred me to his friends and they bought NEO and ETH from me for hard cash. with friends it is safe but while doing a cash deal with strangers you should be careful.

Thanks for your feedback. Well, probably Dether should pay special attention to the quality and efficiency of its rating system of sellers, I'm sure it will strive to the level of "stranger as a friend"

bitcoinmasterlord

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I sold my bitcoin and altcoins to my friends and their friends for cash. My friend directly transferred money to my account and I sent him Bitcoins to his blockchain wallet. he referred me to his friends and they bought NEO and ETH from me for hard cash. with friends it is safe but while doing a cash deal with strangers you should be careful.

Crumple Cat

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Quote from: BogdanGFTP on April 08, 2018, 07:53:03 AM

I live in Ukraine. To buy crypto I need to deposit cash to credit card then transfer it to payment system like advcash and then change it crypto in online exchange service which I can choose at bestchange

Thank you for sharing your experience. Would you use the decentralized p2p crypto-cash exchange app if the seller's rating system worked flawlessly and you would need to meet the person in person for the transaction, as a result of which you give cash and in return receive crypto in your wallet of this app?

OnceTwiceThird

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Getting your money after you sell your bitcoin or altcoin to cash money you can using your exchange bitcoin where support your country. You can using kinds of exchange have it support for withdraw your bitcoin to cash money. All of country have one exchange where we can using it for make our bitcoin to cash money, but the first we have bank book and we connected our bank to exchange bitcoin of our account, then you can withdraw your bitcoin to your cash money.

Crumple Cat

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Quote from: awawo on March 22, 2018, 02:20:22 PM

In my country the best way to either buy or sell cryptocurrencies is through face to face deal once you get to the exchangers office you send the bitcoin to his/her wallet and at the end the value of the bitcoin you send will be calculated in the value of your local currency base on the exchange rate of dollars to your local currency at that time and the money transfer to you bank account or given to you in cash.

Thank you for sharing. Tell me please if you can, what kind of fee in such exchange office and what country are you talking about?

Crumple Cat

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Quote from: stronghands4lyfe on March 22, 2018, 10:28:21 AM

No way Jose I sell Bitcoin or buy Bitcoin with cash. The fees on those Bitcoin ATMs is absurdly high and I won't consider using it until it becomes a nominal fee and or I actually need the service. Don't see a point of using a Bitcoin ATM when I could use an online exchange that is about 800% cheaper to use Cheesy

.

Wow, these are unacceptable fee Shocked

Well, I'm sure that the future is behind decentralized p2p exchanges.

lhuibin

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Yes I buy cryptocurrency for the usual money that I have I think it is absolutely normal and the best way to purchase cryptocurrency

Crumple Cat

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Quote from: goldexp83 on April 08, 2018, 07:01:15 AM

Yes, I think its very important to buy and use crypto, not just holding without ever using or cashing out!

we need more usage cases than just the current trading happening on exchanges and so on

so we I go out for shopping, I ask shop if they accept bitcoin just to spread as much as possible to more people

Hey, thanks for sharing your opinion. Btw, the main Dether message sounds like this “Buy and sell crypto for cash. Spend it at physical stores”. That is, on one Dether world map will be all. A very ecosystemly ecosystem, as I call it. So, if you would like to spend your crypto in your favorite places in your city, but they don’t yet accept it - just show them Dether dapp http://shop.dether.io Wink

While this is only the first beta release exactly for Business, which allows to list any shops on Dether map, but soon it’s will be possible accept payment for crypto for their goods and services, as well as to make a crypto-cash exchange, which can become an additional income for the business

cosmicart

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90% of my transactions these days are crypto related. from buying to exchanging and to selling.
i use platforms like Luno, Remitano because they are easy for my country

mariaozawa

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because I see if it does that the level of loss we often multiply occurs but if we do in the form of exchange on another altcoin or bitcoin we can still move on the altcoin.

Crumple Cat

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Quote from: Tuare aget on April 08, 2018, 06:06:27 AM

Quote from: Crumple Cat on March 23, 2018, 06:13:34 AM

Quote from: alt-fire on March 20, 2018, 03:26:50 PM

Yes, I sell the crypt for cash. I recently had to sell a little ether.
not the best time, but i want to eat)

Thank you for sharing your case

Could you tell me exactly how you sold your ether for cash?
And by the way, it turns out that you needed to change ether to your local currency in order to buy food, which requires time and additional costs. Direct purchase of food for crypto would be more profitable and convenient. This is why Dether team focus on this issue and offer special opportunities. Any local\street business can connect to the app, place itself on the map as a business and receive ether and other crypto later as payment for their goods or services.

It will be awesome if we could buy food directly by our etherium or bitcoin or maybe other crypto so at least we can safe our sending fee and also withdrawal fee but in my country its not possible to buy food directly with crypto because crypto is forbid to use to pay something.

Yes, this is what Dether does. Recently, the first dapp version for business was launched. Almost every offline business in any country can be listed on Dether map and soon receive crypto directly for its services and goods and also be a crypto-cash exchange, what can serve as an additional income. These can be food stores, fast food, cafes and any other businesses. But I really can't know how things can be with this in your country, because I don't know what country you are talking about

jackylion

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Buy, sell and store real cryptocurrencies

Yes, I usually buy Altcoin in cash, I buy them directly in USD. But there are some coin I buy with BTC and ETH, which means that I use cash to buy BTC and ETH then can change the coin I want to buy.

BogdanGFTP

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I live in Ukraine. To buy crypto I need to deposit cash to credit card then transfer it to payment system like advcash and then change it crypto in online exchange service which I can choose at bestchange

samuraijin

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I sell my bitcoin on the luno site, but it's just for a necessities of life and I never sell much of my bitcoin, I know the bitcoin price goes down so it might be late to sell it now

goldexp83

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Yes, I think its very important to buy and use crypto, not just holding without ever using or cashing out!

we need more usage cases than just the current trading happening on exchanges and so on

so we I go out for shopping, I ask shop if they accept bitcoin just to spread as much as possible to more people

etin06

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quarkchain.io

Of cos that's the main purpose of trading in the first place to get more crypto to exchange to cash. In my country LUNO help in such services. They exchange coin like ETH and BTC to local currency though their charges are quite high.

Tuare aget

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Quote from: Crumple Cat on March 23, 2018, 06:13:34 AM

Quote from: alt-fire on March 20, 2018, 03:26:50 PM

Yes, I sell the crypt for cash. I recently had to sell a little ether.
not the best time, but i want to eat)

Thank you for sharing your case

Could you tell me exactly how you sold your ether for cash?
And by the way, it turns out that you needed to change ether to your local currency in order to buy food, which requires time and additional costs. Direct purchase of food for crypto would be more profitable and convenient. This is why Dether team focus on this issue and offer special opportunities. Any local\street business can connect to the app, place itself on the map as a business and receive ether and other crypto later as payment for their goods or services.

It will be awesome if we could buy food directly by our etherium or bitcoin or maybe other crypto so at least we can safe our sending fee and also withdrawal fee but in my country its not possible to buy food directly with crypto because crypto is forbid to use to pay something.

DreezHoly

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Buying crypto for cash is a very risky affair, you never know the person you are dealing with, you might get scammed or even worse

Crumple Cat

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Quote from: dustboy on March 22, 2018, 02:13:27 PM

Buying or selling crypto for cash directly? Do you mean something like face to face deal?
If it is what you mean then I never done it before, I think it is because most crypto trader will prefer to use an exchange for it for easier transaction. Dealing with crypto face to face also not really recommended imo, as it is very dangerous if we do not know who are person we are going to deal.

Yes, I mean exactly p2p deals. The issue of security certainly has a place here, but how can you minimize risks? For example, Dether introduces a rating system for sellers, that is, you will see the current status of the seller and will be able to estimate how much it will be safe to make a deal with him.

Crumple Cat

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Quote from: Murloc on March 22, 2018, 08:14:59 AM

The only way to buy Bitcoin for fiat is to use localbitcoins. Some time ago I was stupid and greedy enough to try to avoin localbitcoins fees and sell BTC directly to the other people. Spent the whole evening looking for a buyers on the local forum, most of the people I've talked with were absolutely inadequate and during that time Bitcoin lost about 5% of its price (the average amount of fee on my country) and I still didn't find a propper buyer.
I often buy and sell cryptos for fiat but it is a real pain in the ass if you are trying to avoid localbitcoins.

Thank you for your feedback. This will be useful for my research.
Of course it would be cool to know what country you are talking about

Topic: Do you buy or sell crypto for cash? - page 4. (Read 916 times)