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Topic: is buying crypto with fiat a good idea? - page 3. (Read 538 times)

sr. member
Activity: 697
Merit: 262
Slimcoin - the Proof of Donation inventors!
August 31, 2019, 06:46:41 PM
#36
Have a look into the fees of Bitstamp, for instance, here if you are not buying with credit card the fees are much more convenient than 7%. If not you can try Localbitcoins as well.

I also agree with the opinion expressed by many people here, that generally speaking crypto should be a very good investment, if we consider profits that were possible over time in the past. But please keep in mind that the future profits are never guaranteed, so the past is the past and the future is the future.
Another aspect is what you are investing into. Non every crypto-currency is a good investment. So please do very well your home work and never invest more than you can afford to lose (you probably already know these principles).

Having said that I personally believe that the crypto is a very good investment compared to fiat.
jr. member
Activity: 254
Merit: 1
August 31, 2019, 06:33:06 PM
#35
i think it's the basic step to buying crypro with fiat bro. you just need find some exchange or channel with a good deal about fees.
member
Activity: 700
Merit: 11
August 31, 2019, 06:26:06 PM
#34
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?

First, why use changelly? Is there no other cryptocurrency exchange in your area that you can use? If you have a problem with changelly fees, why not use another exchanger or try speaking with the customer care agent at changelly (although, I highly doubt if this will yield any positive result as regards reducing their fees for you to be able to purchase).
sl8
jr. member
Activity: 38
Merit: 1
August 31, 2019, 06:14:42 PM
#33
How can you buy crypto differently? Of course yes. Even if you work and you are paid with crypto, still you buy it with your fiat (time = money).
sr. member
Activity: 1274
Merit: 261
★Bitvest.io★ Play Plinko or Invest!
August 31, 2019, 03:42:30 PM
#32
  I`m buying crypto-currencies with fiat. I`m buying with extra money from my salary. Maximum that I bought is with 200$, usually I invest around 50-100$ per month, that depends from
my salary and bonuses I make, of course with my family needs. Sometimes I can spent less, sometimes more, but I`m trying to invest every month at least some money in some crypto-
currencies.
   I`m doing that for 2 years and for now I made good results. My portfolio is growing, maybe slowly, but it`s growing.
member
Activity: 889
Merit: 60
August 31, 2019, 03:20:12 PM
#31
Now i am confused, what else would you use to buy crypto then fiat money? I've always used fiat.
full member
Activity: 868
Merit: 104
August 31, 2019, 02:41:43 PM
#30
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?

Until certain extent it's fine to buy crypto using fiat. Picture of you are a beginner, then you don't have choice except fiat. Calculative risk is always good.
hero member
Activity: 2170
Merit: 528
August 31, 2019, 02:41:14 PM
#29
7% fee is too high don't pay that much!

If you really want to spend fiat to buy crypto and do it with no fees try to contact some traders directly and exchange in person. You will hand them money and they will send you coins to a given address. You will agree to exchange rates.

There's really no other way to buy crypto because you have to get it from somewhere and all exchanges have their fees because they wouldn't be able to keep the platform running without them.
sr. member
Activity: 1792
Merit: 264
August 30, 2019, 07:06:49 PM
#28
if I think it's also a positive thing to trade crypto with the current market price situation, because I believe you will also benefit by waiting for good price growth in the coming months

yes, if it is believed to be able to provide benefits in the future, then there is no harm in buying crypto using fiat to be used as a form of long-term investment or to trade on one of the available local exchanges that are believed to have a very good reputation
member
Activity: 600
Merit: 10
August 31, 2019, 02:31:47 PM
#28
yes I think it's also a good decision to buy krypro with fiat money, because I also believe that the benefits of krypto are also very good in the way I trade, for me it is also a good decision to get benefits
member
Activity: 742
Merit: 11
August 31, 2019, 02:02:13 PM
#27
From the start you have to buy your Bitcoin or Ethereum through fiat and after that you can buy crypto to crypto which is a lot less expensive.
jr. member
Activity: 210
Merit: 1
August 30, 2019, 05:42:49 PM
#26
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 in the case when the cryptocurrency grows after the purchase it seems a great idea, if it falls, and even a high Commission, the idea seems just awful Grin
full member
Activity: 1078
Merit: 104
GoMeat - Digitalizing Meat Stores - ICO
August 30, 2019, 05:34:12 PM
#25
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?
Although it is good to buy crypto with fiat as it goes contrary to what people think of it. But however, with such charge it is not encouraging and again means buying from exchange is a better option. So I will suggest you buy from exchange and save unnecessary costs. Maybe one day, they will get it right but till then let's go with the best option.
copper member
Activity: 644
Merit: 0
POINTPAY
August 30, 2019, 03:35:52 AM
#25
yes, it is always a good idea to buy crypto with fiat I would like to put all my savings into cryptocurrency so whenever you have a chance to buy crypto with fiat just do it.
Ucy
sr. member
Activity: 2632
Merit: 403
Bisq is a Bitcoin Fiat Dex. Use responsibly
August 30, 2019, 04:48:19 PM
#24
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?

70% to exchange from fiat on changelly?  How did you arrive at the number? If this is true that means I will be charged $70 to  transfer $1000?  I don't believe this.
Been a bit long I used the exchange though.
sr. member
Activity: 1568
Merit: 324
https://duelbits.com/
August 30, 2019, 03:16:14 AM
#24
It's time for all the coins to go down in price, this is the right time for purchases, every purchase must have a good analysis so that when the exchanges are made, this is a good idea with exchanges with fiat that you have
sr. member
Activity: 906
Merit: 263
August 30, 2019, 01:21:31 PM
#23
You can just trade on a low fee crypto exchange and withdraw as eth or btc and sell it on localether or local bitcoin for fiat.
If you want to buy crypto with fiat it is the other way around. It will not be anywhere near 7% I can assure you on that. Have fun and you have made a great choice to buy crypto good job!!
full member
Activity: 630
Merit: 102
August 29, 2019, 09:03:46 PM
#23
if I think it's also a positive thing to trade crypto with the current market price situation, because I believe you will also benefit by waiting for good price growth in the coming months
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
August 30, 2019, 03:37:35 AM
#22
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 now is a good time to buy crypto with fiat and you can do in the exchanges. I don't know about changelly because I don't buy at that site. But I prefer to exchange crypto to crypto or crypto to fiat at the exchange, so then I can send the money to my bank account. You need to search the other way than to use changelly because who knows, you can get a lower fee than you can expect it.
hero member
Activity: 1932
Merit: 506
Betking.io - Best Bitcoin Casino
August 29, 2019, 08:51:12 PM
#21
If you have no other options then you have no other choice but to use fiat in buying crypto currencies. The same to what I am doing, but if you are a risk taker then there are plenty of options that you can choose like 1:1 ratio of exchange without any fees to pay.

You can create a thread that you would like to exchange fiat to any currency that you like in currency exchange section but you need to be wise if you are going to do it, so the risk is there but if you know how to execute it correctly then you are good to go.

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