See the image below, the post you made was first published on www.coin.cloud/blog/what-does-fiat-to-crypto-mean
You also copied this thread [Clipboard hacking] unfortunately you didn't use quotes on the post.
Topic: Flat to crypto at a Bitcoin ATM (Read 80 times)
In one of your threads, you mention some crypto lessons you have learned, and you got quite a good number of recommendations and encouragement, now that you know that bitcoin has some standards, so does bitcointalk. Stop going to other websites and dumping their materials here. If you cant write it on your own, simply used a quote to wrap the whole thing you copy and the source under the post, if you want to last in the forum, do the necessary.
See the image below, the post you made was first published on www.coin.cloud/blog/what-does-fiat-to-crypto-mean
You also copied this thread [Clipboard hacking] unfortunately you didn't use quotes on the post.
See the image below, the post you made was first published on www.coin.cloud/blog/what-does-fiat-to-crypto-mean
You also copied this thread [Clipboard hacking] unfortunately you didn't use quotes on the post.
What is Fiat to Crypto?
“Fiat to crypto” means buying cryptocurrency with fiat money … so, for example, buying Bitcoin with USD.
The reason this is even a thing is because a few years ago, many online trading platforms only allowed you to trade crypto for crypto. So if you had Bitcoin you could trade it for Litecoin, or if you had Litecoin you could trade it for Ether. But you couldn’t just buy Ether or Litecoin with USD.
There were a few basic exchanges with limited options that let you buy bitcoin only, but you would have to transfer that bitcoin to a crypto-to-crypto platform (which often took days) if you wanted to own any altcoins. So when more advanced online exchanges were built, they would boast the “fiat to crypto” exchange possibilities as a feature that set them apart.
While that seems a little surprising now — because, after all, Bitcoin ATMs have always offered a fiat-to-crypto solution — that’s how the online world used to work. One platform to purchase and another platform to trade.
http://www.coin.cloud/blog/what-does-fiat-to-crypto-mean
Fiat to Crypto at a Bitcoin ATM
As hinted, Bitcoin ATMs have always used the fiat-to-crypto model. And a few (like 20%) also allow crypto to fiat, like Coin Cloud machines do. We’ll talk about that more tomorrow.
But whatever way you slice it, the fastest and easiest way to turn fiat to crypto is at a Bitcoin ATM. You just insert your cash, scan your mobile wallet and you own bitcoin or your choice of 30 altcoins. Oh, wait, that part is just Coin Cloud machines too. Most brands only give a few choices, if any.
You can find the nearest Coin Cloud DCM to you with the online locator map, or through the Coin Cloud Wallet app.
https://coincloud.medium.com/what-does-fiat-to-crypto-mean-e3ac8efb6ece
“Fiat to crypto” means buying cryptocurrency with fiat money … so, for example, buying Bitcoin with USD.
The reason this is even a thing is because a few years ago, many online trading platforms only allowed you to trade crypto for crypto. So if you had Bitcoin you could trade it for Litecoin, or if you had Litecoin you could trade it for Ether. But you couldn’t just buy Ether or Litecoin with USD.
There were a few basic exchanges with limited options that let you buy bitcoin only, but you would have to transfer that bitcoin to a crypto-to-crypto platform (which often took days) if you wanted to own any altcoins. So when more advanced online exchanges were built, they would boast the “fiat to crypto” exchange possibilities as a feature that set them apart.
While that seems a little surprising now — because, after all, Bitcoin ATMs have always offered a fiat-to-crypto solution — that’s how the online world used to work. One platform to purchase and another platform to trade.
http://www.coin.cloud/blog/what-does-fiat-to-crypto-mean
Fiat to Crypto at a Bitcoin ATM
As hinted, Bitcoin ATMs have always used the fiat-to-crypto model. And a few (like 20%) also allow crypto to fiat, like Coin Cloud machines do. We’ll talk about that more tomorrow.
But whatever way you slice it, the fastest and easiest way to turn fiat to crypto is at a Bitcoin ATM. You just insert your cash, scan your mobile wallet and you own bitcoin or your choice of 30 altcoins. Oh, wait, that part is just Coin Cloud machines too. Most brands only give a few choices, if any.
You can find the nearest Coin Cloud DCM to you with the online locator map, or through the Coin Cloud Wallet app.
https://coincloud.medium.com/what-does-fiat-to-crypto-mean-e3ac8efb6ece
Jump to: