Topic: is buying crypto with fiat a good idea? - page 4. (Read 553 times)
It's okay to buy crypto with fiat if you already know the fee for each transaction on each exchange. compare which fee is cheaper and safer. I myself sometimes sell crypto in fiat currency and then buy it again when crypto has fallen in price as it is today. If the expensive fee reaches 7% for exchanging from fiat, it doesn't matter if the process is fast and safe.
most of buying crypto using fiat.so why it will not be a good idea to use fiat to buy crypto?if you want to use coinbase to buy crypto then you have to use fiat but if you use your credit card to buy crypto from changelly then fee is matter.
I would also prefer to buy crypto using fiat but as much as possible, look for a good exchange site that will give you the lowest fees offer and is definitely legit of course. There are a lot of exchanger around but you should be resourceful so that you will not spend too much. Find a good exchange site that will give you a reasonable price.
most of buying crypto using fiat.so why it will not be a good idea to use fiat to buy crypto?if you want to use coinbase to buy crypto then you have to use fiat but if you use your credit card to buy crypto from changelly then fee is matter.
You're likely not going to get a good rate by buying crypto with a credit card on a site like Changelly; you're generally not going to get good rates by purchasing crypto with credit or debit cards as a whole, though buying like this is generally more convenient and faster than wiring funds over to an exchange. You'll likely pay less fees by buying crypto on an exchange like Coinbase Pro or Bitstamp if you have the time to go through the verification processes of exchanges like the ones I've listed.
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?
This is weird. Most people buy crypto with fiat. More specifically, most people buy BTC or ETH through Coinbase, Kraken, or their local crypto exchange with the money deposited from a bank account or the use of credit card. The huge difference is because of the merchant fees in accepting fiat, they say.
Buying cryptocurrency with FIAT is one of the best investment you can do in your life.
But you need to be sure on what you are buying, what is the coin/token you will buy?
what is the future of it? will you gain from it? or you wil just throw money?
But you need to be sure on what you are buying, what is the coin/token you will buy?
what is the future of it? will you gain from it? or you wil just throw money?
It is the only way to enter market so it is a good idea also the only idea 
If we didn't buy crypto with fiat at some point, we wouldn't be here.
If we didn't buy crypto with fiat at some point, we wouldn't be here.
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?
its not a bad idea at all mate,fees for fiat is always higher than exchanging crypto coins for crypto coins,you just have to get used to it and mind you it varies if you can do some research on few exchanges they are more lesser than the other,coinbase charges is lower than binance when i used the service long ago and luno is even cheaper than coinbase
No, it is a bad idea, because as you said you are forced to pay high fees. Use Coinbase to buy crypto with wire transfer for lower fees. I used their service several times when I needed to pump fresh cash into my portfolio and I cannot complain.
You should compare changelly with another exchange site and i guess there will be a lot of exchange site will be offering the lower fees than it dude.
It's too expensive for me and tries to take a look at another exchange site just like kucoin, binance is a must for you to get the best fees.
That's a good idea to buy crypto with fiat but you must find the best exchange site with the cheapest fees to trade your money for crypto.
It's too expensive for me and tries to take a look at another exchange site just like kucoin, binance is a must for you to get the best fees.
That's a good idea to buy crypto with fiat but you must find the best exchange site with the cheapest fees to trade your money for crypto.
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 only possible when you have already bought other crypto that is available for a trade to other cryptos as well, and yes you will be using the fiat system in order for you to buy the first crypto you want to use. I think you should probably just directly buy it with fiat, that way you don't have a hard time computing some fees, well that's if you have a hard time like me.
Depends, OP. There are some countries that allows you to buy crypto with convenience through convenience store (no pun intended) with 1:1 rate that you'll convert your local currency to Bitcoin after that. I never registered any credit cards and I probably won't do it in the future for financial reason. I suggest checking if your country offers those type of convenient way of buying crypto before you decide to go with the bank method buying.
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?
costs are a consequence of investment, high or low costs depending on the exchange, you only need to look for exchanges that have low costs, but the quality is also low, so investors should not hesitate, but you have to be really serious, don't be afraid of losing, because if you understand investment, the cost you spend will definitely return.
You should try an exchange with better fees.
like what?
Hey! I want to buy some crypto with fiat and I want to know if it's a good idea.
We have the same method to purchase crypto so its obviously that there's a fiat way to buy it.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?
7% is really high and you have already distinguished it because you know that the difference is high. If you can attain to pay that fee, go for it if the convenience that they are giving you is excellent. However, if you are not satisfied why would you pay for that much?
the exchange process using Fiat for crypto is more expensive because there are transaction processing fees for bank services, if I'm in the option you offer, I prefer investing from crypto to Crypto, because the cost is cheap and the process is faster. besides investing in IEO and ICO, it would be beneficial in terms of bonuses, to cover the costs we incurred when we first exchanged Fiat money into crypto, compared to investing directly in exchanges.
Now that crypto coins are experiencing a price decline, it is indeed a good moment to make a purchase, but we also have to use a strong analysis of this, so we have a good idea to make a purchase, especially if you want to buy it using fiat.
All have mechanisms, of course with different types of exchanges, such as fiat money and crypto (digital assets), the costs are more expensive because of the lack of competition in exchange services in certain areas, that's marketing. And indeed price of digital assets is fluctuating, making exchange service a precaution if prices change quickly.
You should try an exchange with better fees.
with best on decision to work on scheme of exchange the work gives with least as worse on waste as might to follows on work with possession of balance of crypto currency on wallet to begins with investment project.
Jump to: