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Topic: is buying crypto with fiat a good idea? (Read 512 times)

hero member
Activity: 1078
Merit: 501
September 02, 2019, 02:45:02 PM
#77
I think it's a good idea to buy some cryptocurrency monthly for fiat. But you need to buy a solid cryptocurrency, not trash.
Buying crypto with fiat is better than having all fiat with your account  because crypto use to increase in price and makes profit for you but in fiat it’s useless to store. Fiat is accessible for buying crypto now because of increasing popularity of crypto around the world. In my country people do buy crypto with fiat.
jr. member
Activity: 138
Merit: 1
September 07, 2019, 01:05:41 PM
#75
Yes its a cool idea and helps speeds up the transactions but the major question i ask then is, how will the anonymous nature then be taken into consideration or achievement again if u buy crypto with fiat?
full member
Activity: 1260
Merit: 102
September 07, 2019, 12:25:50 PM
#74
Buying with fiat is not a bad idea. Infact you can make good profits if you time the moves rightly. I mean if you can predict the time of bear and bull then you can get in and out of the market at the right time while making some handsome profits. But for that you need to be top guru in trading and to have luck in your favor.
member
Activity: 406
Merit: 11
September 07, 2019, 12:19:43 PM
#73
Yes, in fact it is not profitable, especially if you buy a large amount, it is best to negotiate with someone, maybe someone from friends or friends of friends has a large amount of cryptocurrency that he wants to withdraw from the Internet in fiat, but if there are none, then you need consider otc sites but there they work only with large amounts; if the amount is small, then there is only one way out, only pay a commission.
legendary
Activity: 2338
Merit: 1124
September 02, 2019, 02:59:06 PM
#72
Hey! I want to buy some crypto with fiat and I want to know if it's a good idea. For example, to exchange crypto to crypto is just 0.25% fees on changelly. On the contrary, it's 7% to exchange it from fiat. It's a huge difference! What do you think about it?
It depends on you, if you think you have some tokes that are worth losing or not worth holding and you can still use for your new token, then you can do so, but if you are planning to use Ethereum or bitcoin, I would not advise that at this stage where they all want to boom and I think that fiat would be the best option.

You should have been used to these fiat percentage already because I feel  you must have bought so many coins with it, because without fiat, we still can't have access to buy some coins, except maybe we already have a very big amount of some cryptos in our wallet. Fiat is good to use but look for exchanges that are very fair with fees like binance, and check some Local exchanges also that offer a very cheap fee on buying crypto with fiat.
member
Activity: 258
Merit: 32
September 02, 2019, 08:11:54 AM
#71
Hey! I want to buy some crypto with fiat and I want to know if it's a good idea. For example, to exchange crypto to crypto is just 0.25% fees on changelly. On the contrary, it's 7% to exchange it from fiat. It's a huge difference! What do you think about it?
Basically I don't see any  reason I should use the fiats for buying of cryptocurrency because the fees different is very much as I have seen in your post. Things of these  nature need individuals approach and not just generalizing it. Personally, I will not go for more fees than the lower fees which have been my favorite. Although, the fiats way of buying cryptocurrency is not safe as I have assumed it to be unlike buying from an exchange.
full member
Activity: 1204
Merit: 102
September 02, 2019, 08:04:05 AM
#70
Hey! I want to buy some crypto with fiat and I want to know if it's a good idea. For example, to exchange crypto to crypto is just 0.25% fees on changelly. On the contrary, it's 7% to exchange it from fiat. It's a huge difference! What do you think about it?

which certainly depends on the situation. if you only have fiat then there is no other choice. but if you already have crypto (btc, Eth and others) it's more profitable to buy using crypto.

I personally rarely buy crypto using fiat, even though in an exchange that I usually use already provide it (Indodax, Pair with IDR) but I rarely make deposits there. I more often use the exchange only for trading or making withdrawals to Fiat.
full member
Activity: 686
Merit: 103
www.fintropy.io
September 02, 2019, 07:52:34 AM
#69
Hey! I want to buy some crypto with fiat and I want to know if it's a good idea. For example, to exchange crypto to crypto is just 0.25% fees on changelly. On the contrary, it's 7% to exchange it from fiat. It's a huge difference! What do you think about it?

While there are a lot of crypto prices that are going down now, I think buying good altcoin with fiat is a good decision. At some exchangers, now we can buy crypto with a credit card or debit card and that gives us convenience. Regarding the transaction fee which reached 0.25%, I think the rate is still reasonable

Most people start dealing with cryptocurrencies when they buy it with fiat. I do not see here any great difference with other methods - the same risks and possible gains also exist. The other thing is when you buy cryptocurrency with cash. Buying crypto for cash attracts traders and investors who value privacy and want to avoid high fees on exchanges.
However, here you should know the person is 100% honest and he can be trusted.
full member
Activity: 532
Merit: 100
PrimeDAO - An Adoption Engine for Open Finance
September 02, 2019, 05:27:51 AM
#68
Hey! I want to buy some crypto with fiat and I want to know if it's a good idea. For example, to exchange crypto to crypto is just 0.25% fees on changelly. On the contrary, it's 7% to exchange it from fiat. It's a huge difference! What do you think about it?
I think that is a bad idea. Because trading between fiat and crypto costs a lot. As you can see, trading between fiat and crypto costs 7%, which is a terrible number.
Don't trade in focused apps. You can trade on the black market, it's safe, but it's a lot cheaper.
legendary
Activity: 1904
Merit: 1277
September 02, 2019, 05:12:36 AM
#67
If you want to acquire any significant amount of crypto, then you'll ned to buy with fiat. I think the days are long gone where you can start from nothing and build up your crypto just through mining/airdrops/bounties. Nowadays if you want some crypto, buying with fiat is the way to go.

And I do think buying crypto with fiat is a good idea for the long-term. There are various routes available, just find a good one with a low exchange fee.
full member
Activity: 539
Merit: 100
September 02, 2019, 05:04:12 AM
#66
I think it's a good idea to buy some cryptocurrency monthly for fiat. But you need to buy a solid cryptocurrency, not trash.
sr. member
Activity: 1638
Merit: 251
Hexhash.xyz
September 02, 2019, 03:27:44 AM
#65
Hey! I want to buy some crypto with fiat and I want to know if it's a good idea. For example, to exchange crypto to crypto is just 0.25% fees on changelly. On the contrary, it's 7% to exchange it from fiat. It's a huge difference! What do you think about it?

It is not a problem to buying cryptocurrency with fiat, actually this is safer than buying crypto using credit card.
The most important thing is find a legit crypto exchange so we can send or withdraw our coins quickly without troubles.
full member
Activity: 700
Merit: 100
September 01, 2019, 06:35:30 PM
#64
You can try to exchange fiat for crypto from some person. There are special bot in telegram for this. They have a commission less than in exchangers.
newbie
Activity: 13
Merit: 0
September 01, 2019, 03:42:55 PM
#63
And do they work with telegram tokens? And how long does it take to buy and get some?
I haven't bought any of gram there, but guys say that on bitrexchange it takes up to 10 minutes to get this token, not so long
Really good, and is it possible to work via bank? Is it possible?
Yeah, as I have previously mentioned, I bought BTC via fiat, 800$. So they work via bank no doubt
nice to hear that, thanks for sharing
Welcome! Do not spend long hours to change BTC
newbie
Activity: 42
Merit: 0
September 01, 2019, 03:42:39 PM
#62
And do they work with telegram tokens? And how long does it take to buy and get some?
I haven't bought any of gram there, but guys say that on bitrexchange it takes up to 10 minutes to get this token, not so long
Really good, and is it possible to work via bank? Is it possible?
Yeah, as I have previously mentioned, I bought BTC via fiat, 800$. So they work via bank no doubt
nice to hear that, thanks for sharing
newbie
Activity: 13
Merit: 0
September 01, 2019, 03:36:11 PM
#61
And do they work with telegram tokens? And how long does it take to buy and get some?
I haven't bought any of gram there, but guys say that on bitrexchange it takes up to 10 minutes to get this token, not so long
Really good, and is it possible to work via bank? Is it possible?
Yeah, as I have previously mentioned, I bought BTC via fiat, 800$. So they work via bank no doubt
newbie
Activity: 42
Merit: 0
September 01, 2019, 03:35:44 PM
#60
And do they work with telegram tokens? And how long does it take to buy and get some?
I haven't bought any of gram there, but guys say that on bitrexchange it takes up to 10 minutes to get this token, not so long
Really good, and is it possible to work via bank? Is it possible?
newbie
Activity: 13
Merit: 0
September 01, 2019, 03:29:28 PM
#59
And do they work with telegram tokens? And how long does it take to buy and get some?
I haven't bought any of gram there, but guys say that on bitrexchange it takes up to 10 minutes to get this token, not so long
newbie
Activity: 42
Merit: 0
September 01, 2019, 03:28:44 PM
#58
And do they work with telegram tokens? And how long does it take to buy and get some?
newbie
Activity: 13
Merit: 0
September 01, 2019, 03:22:52 PM
#57
Hey, guys. What exchange do you use in order to trade or hodl coins? I have tested many options but unfortunately  timing is so long on all platforms, I wonder why it takes so much time to transfer USD to Litecoin for example regarding all these technological progress which blockchain brought.
Mate, there are not so many decent options by the way. Numerous of these options are really trusty and safe. Using big exchanges like binance is not safe.
And so what exchange you personally use and what are the key benefits between your change and bitfinex for example?
I use Bitrexchange is a really trusty change. Bought BTC via fiat numerous times. Works very quick, tokes and currencies instantly appears on your wallet
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