How to transfer money to an exchange - page 2.

Sparrow96

member

Activity: 238

Merit: 28

Quote from: Indymoney on December 09, 2020, 05:47:55 AM

Quote from: Sparrow96 on December 09, 2020, 05:43:48 AM

In my country, cryptocurrency is totally illegal. If anyone transacts cryptocurrency he may go to jail. So how do we use cryptocurrency?

We don't use banks. We do P2P trade. Alternatively we use Perfect Money for buying cryptocurrency. I think it might help you.

Yes you are right currently in many developing countries exchanging crypto and bitcoin through banks is very difficult so most of members are using alternative like perfect money, payeer and few have payoneer as these are doing good job until now hopefully we will able to have some soft policies in near future about related to crypto and bitcoin.

These alternative payment medium also adopting Bitcoin. Like Perfect Money has a wallet for Bitcoin. In this wallet we can receive bitcoin. Another payment medium Webmoney accepts Bitcoin and Litecoin. They have WMX and WML purse to accept cryptocurrency.

Indymoney

full member

Activity: 896

Merit: 236

Quote from: Sparrow96 on December 09, 2020, 05:43:48 AM

In my country, cryptocurrency is totally illegal. If anyone transacts cryptocurrency he may go to jail. So how do we use cryptocurrency?

We don't use banks. We do P2P trade. Alternatively we use Perfect Money for buying cryptocurrency. I think it might help you.

Yes you are right currently in many developing countries exchanging crypto and bitcoin through banks is very difficult so most of members are using alternative like perfect money, payeer and few have payoneer as these are doing good job until now hopefully we will able to have some soft policies in near future about related to crypto and bitcoin.

Sparrow96

member

Activity: 238

Merit: 28

In my country, cryptocurrency is totally illegal. If anyone transacts cryptocurrency he may go to jail. So how do we use cryptocurrency?

We don't use banks. We do P2P trade. Alternatively we use Perfect Money for buying cryptocurrency. I think it might help you.

Imran232

full member

Activity: 700

Merit: 182

We also face the same problem. That is why we have to use third party website to convert cash to crypto. Here is my suggested 2 best and Most popular service provider.

1. https://localbitcoins.com/
2. https://paxful.com/

Warning: Remember both site are working p2p trading that means you have to be careful before send money some one. Check his trust score and try to exchange with verified users which will be safe.

mbilalabid

jr. member

Activity: 159

Merit: 1

Many option available like localbitcoin some exchange accept creditscards like binance find your person they pay bitcoin you sent cash face to face deal some country legit crypto currency like india Australia south korea maybe your country accept crypto currency you easy transfer money to an exchange

ichi

member

Activity: 182

Merit: 10

You could attempt with Localbitcoins, there you don't move cash to the trade, there you move the cash to the person who is selling them, and they can change the subject of the exchanges, something like 'PC deal'. On the off chance that you will attempt this administration make sure to make the arrangement with a confided in vender on the grounds that a ton of novices are con artists there. In this way, be cautious.

Another approach to attempt to purchase bitcoin in assistance like eBay, the rate is horrendous yet in any event, it's conceivable.

Tytanowy Janusz

legendary

Activity: 2156

Merit: 1622

Quote from: GeorgeJohn on September 11, 2020, 10:20:41 PM

If I may ask can't the transaction work with debit card?
What is the full meaning of P2P?
Is P2P a currency.

Its "Peer-to-peer" - https://en.wikipedia.org/wiki/Peer-to-peer. Transaction between users without exchange in the middle.

Quote from: tippytoes on September 11, 2020, 06:10:37 PM

Quote from: mocacinno on September 11, 2020, 03:53:49 AM

I know some exchanges accept creditcards... If i'm not mistaking, binance is an example of such an exchange.

Your other options would be P2P trades with cash (or any other form of currency accepted by the P2P trader)

Binance has P2P services as well. At least you are dealing with reputable exchange. By the way, what is the fiat money of the OP?

https://p2p.binance.com/

As others have suggested, he can check the nearest bitcoin ATM in his locality. Or other p2p sites, but make sure that the site is legit as there are a lot of scammers these days.

Where did you get this link from? I've seen it multiple times but when i go to binance peer to peer section i'm on this site:

https://c2c.binance.com

If you did not copy p2p.binance directly from binance.com than don't spread it around. I'm afraid it can be a phishing site.

GeorgeJohn

hero member

Activity: 1470

Merit: 711

Instant cryptocurrency exchange with own reserves!

Quote from: mocacinno on September 11, 2020, 03:53:49 AM

I know some exchanges accept creditcards... If i'm not mistaking, binance is an example of such an exchange.

Your other options would be P2P trades with cash (or any other form of currency accepted by the P2P trader)

If I may ask can't the transaction work with debit card?
What is the full meaning of P2P?
Is P2P a currency.

Hypnosis00

sr. member

Activity: 2338

Merit: 338

Quote from: masphie on September 11, 2020, 04:25:58 AM

Why not try transfer at ATM ?
Or maybe you can try trade with your friend, so.... you give them money and they give you crypto or cash ?

It could be a big problem since their country is not a crypto-friendly. And that to expect that there is no crypto ATM available at their place.

This a big struggle for all crypto holder when there is no support from the government, instead of hearing it but it was only the hate comes out.
It might be there is a reason why it goes like this.

@OP, P2P is the best option that might have to take. Other than that just like direct selling to another person in fiat could be of high risk and that only be your last option, otherwise, you will have to wait until the moment that your country will be open for crypto.

tippytoes

sr. member

Activity: 1988

Merit: 275

Quote from: mocacinno on September 11, 2020, 03:53:49 AM

I know some exchanges accept creditcards... If i'm not mistaking, binance is an example of such an exchange.

Your other options would be P2P trades with cash (or any other form of currency accepted by the P2P trader)

Binance has P2P services as well. At least you are dealing with reputable exchange. By the way, what is the fiat money of the OP?

https://p2p.binance.com/

As others have suggested, he can check the nearest bitcoin ATM in his locality. Or other p2p sites, but make sure that the site is legit as there are a lot of scammers these days.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Quote from: mocacinno on September 11, 2020, 03:53:49 AM

I know some exchanges accept creditcards... If i'm not mistaking, binance is an example of such an exchange.

Yes, Binance has this method. This article also has a tutorial.
How to Buy Crypto with Credit /Debit Card.

ReiMomo

sr. member

Activity: 2366

Merit: 305

Duelbits - $100k Bonus/week

That's right, buying form the p2p exchange or either in an ATM machine near you through the help of this https://coinatmradar.com/, just simply input the place where you live.

I have a tip for you if you want to transfer with the cheapest fee, don't use your credit card because that has a ridiculous fee but the good thing is a very fast transaction, while on the other hand bank account is slower but it has a low fee.

Juts follow of what suggested above they are also good suggestion.

avikz

legendary

Activity: 3080

Merit: 1500

Quote from: Tolosi on September 11, 2020, 03:49:27 AM

In the country where I live banks refuse to send money to crypto exchanges due to some EU regulation.

We do not have SEPA just SWIFT - International money transfer and bank do not want release the SWIFT payment to exchange.

Are there some practical alternatives to SWIFT and is there another way to send money to exchange?

I don't know what EU regulation is stopping your bank to send money to crypto exchanges? Probably it will be good for you to enquire with them and clarify the matter. Do you make high value transactions from your bank account to abroad frequently?

I see only one option for you - p2p trading! If you really want to make money out of trading, then p2p trading will be best for you in this situation.

You may also want to try credit card payment. But again, your bank may block your credit card if they find anything related to crypto. So use with caution!

seoincorporation

legendary

Activity: 2982

Merit: 2681

Top Crypto Casino

You could try with Localbitcoins, there you don't transfer money to the exchange, there you transfer the money to the guy who is selling them, and they can change the topic of the transactions, something like 'Laptop sale'. If you will try this service remember to make the deal with a trusted seller because lot of newbies are scammers there. So, be careful.

Another way i to try to buy bitcoin in a service like ebay, the rate is terrible but at least it's possible.

GeorgeJohn

hero member

Activity: 1470

Merit: 711

Instant cryptocurrency exchange with own reserves!

Quote from: lepbagong on September 11, 2020, 08:02:38 AM

Quote from: Astvile on September 11, 2020, 06:25:58 AM

There is still a way for you to transfer money to exchange.
Look for exchange that accepts credit card payments. I'll put this link for reference (https://cryptoradar.co/buy-bitcoin/credit-card)
Other way is to navigate to localbitcoins.com and find someone near you and negotiate, also there are ATM option if there is one near your place.

I think there are many ways you can do it, but if you are confused, you should enter your country forum there, you will be able to get the best solution because maybe you can find out the situation about your own country against crypto

You know here is a platform were you will know what you don't know and also anything concerning cryptoccurrency discussion always broad ,can you just give us a little idea of it so that it will enable the user's to research very well.

lepbagong

full member

Activity: 2268

Merit: 121

#SWGT PRE-SALE IS LIVE

Quote from: Astvile on September 11, 2020, 06:25:58 AM

There is still a way for you to transfer money to exchange.
Look for exchange that accepts credit card payments. I'll put this link for reference (https://cryptoradar.co/buy-bitcoin/credit-card)
Other way is to navigate to localbitcoins.com and find someone near you and negotiate, also there are ATM option if there is one near your place.

I think there are many ways you can do it, but if you are confused, you should enter your country forum there, you will be able to get the best solution because maybe you can find out the situation about your own country against crypto

Astvile

sr. member

Activity: 1484

Merit: 276

There is still a way for you to transfer money to exchange.
Look for exchange that accepts credit card payments. I'll put this link for reference (https://cryptoradar.co/buy-bitcoin/credit-card)
Other way is to navigate to localbitcoins.com and find someone near you and negotiate, also there are ATM option if there is one near your place.

masphie

full member

Activity: 896

Merit: 102

-= OI =-

Why not try transfer at ATM ?
Or maybe you can try trade with your friend, so.... you give them money and they give you crypto or cash ?

NOTE.
I think Binance & Indodax accepted money transfer

Tytanowy Janusz

legendary

Activity: 2156

Merit: 1622

You can do OTC deal. You can use escrow for safety - https://bitcointalksearch.org/topic/recommended-bitcointalk-escrow-services-2439910
There are also OTC telegram/discord groups. But always make sure to use those with high reputation (always with escrow!).

You can try with revolut virtual card - Bank transfer to revoult and then to crypto exchange. Same with paypal.

You can search for local sellers - https://localbitcoins.com/?ch=7lpq

mocacinno

legendary

Activity: 3402

Merit: 5004

https://merel.mobi => buy facemasks with BTC/LTC

I know some exchanges accept creditcards... If i'm not mistaking, binance is an example of such an exchange.

Your other options would be P2P trades with cash (or any other form of currency accepted by the P2P trader)

Topic: How to transfer money to an exchange - page 2. (Read 510 times)