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Topic: Is It Possible to Buy Altcoins with Fiat Money (Read 458 times)

member
Activity: 431
Merit: 11
February 27, 2018, 06:07:36 AM
#55
It depends on coinbase and ofcourse you can buy altcoins with your fiat money but it depends on which altcoin available for your fiat money to buy. But i think it is limited to buy with your fiat money.
member
Activity: 266
Merit: 10
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The answer, of course. Yes. There are a lot of exchangers that specialize in this topic, the main difference between this course and the currency pada for the purchase, some exchangers offer the purchase of altcoins immediately.
sr. member
Activity: 574
Merit: 250
Obviously, firstly you buy bitcoin at fiat money through the stock exchange after that you can invest in altcoins.
hero member
Activity: 3136
Merit: 591
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The question may sound a little off, but im curious, is it possible to directly exchange Fiat money for Alt coins,? if not, whats the reason?
There are exchanges that are allowing you to do this.
Local currency -> bitcoin / altcoin --> local currency that's how they process so if you're in a country that does have that type of exchange you can do it.
legendary
Activity: 2492
Merit: 1018

Your best option is to simply buy BTC from someone from localbitcoin and then buy the altcoin you want. Just make sure your research is thorough that it helped you decide which altcoin can give you profit in the future. Remember that you can't undo after you buy the tokens form exchanges, you have to live with it if you suffer loss in the end.
member
Activity: 168
Merit: 10
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The question may sound a little off, but im curious, is it possible to directly exchange Fiat money for Alt coins,? if not, whats the reason?

Definitely yes! You could buy altcoins with your fiat money.
All you have to do is to go to coin exchanges and there you could see US dollar bank accounts, send you money into that account and send them the proof that the money you are sending came from you and then they will give you Bitcoin or Ethereum it's your choice and then use that BTC or ETH to buy any altcoins you want.
After the payment, you will have your own BTC or ETH wallet and then you can use them anything you want, whether hold them or buy another coins as you like.
member
Activity: 458
Merit: 10
In my country its very easy to buy bitcoin with fiat currency. I could remember my first encounter with bitcoin, I exchanged my fiat currency for it back then.
full member
Activity: 322
Merit: 101
I think such scenarios can be done, you just need to find the person who urgently needs the money and then you pay her in cash and she will transfer you a coin to the account, that's how it can be done ...
full member
Activity: 420
Merit: 100
Yes, you can buy the main altcoins with fiat money on BestExchange, like Litecoine, Ripple, Money and even Doggycoin  Cheesy You can also use exchanges, there is such an option on some of them. I think you should decide with the altcoin you need first.
sr. member
Activity: 567
Merit: 250
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The question may sound a little off, but im curious, is it possible to directly exchange Fiat money for Alt coins,? if not, whats the reason?

Yes, you can directly purchase altcoins using your fiat but it is going to be very limited. There are only a handful of altcoins that you can purchase with your fiat directly. Perhaps it is easier to buy some ETH, LTC, and some of the major ones most probably, but with those that are not as famous as these two I doubt if they are offered with fiat. And then another challenge would be where to do all this buying. If through ICOs though, there are many ICOs that accept fiat in buying their coins.
full member
Activity: 602
Merit: 104
in Ukraine it is quite easy to buy crypto currency for fiat, but in other countries it is not so easy to do.
jr. member
Activity: 126
Merit: 1
First and foremost,it depends on what country you are  in right now. In some countries in Europe buying altcoins with fiat money is allowed.
hero member
Activity: 2282
Merit: 659
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In the Philippines, we are using Coins.PH to purchase Bitcoin with fiat cash. However, we can purchase Ethereum, NEM, and YOLOCoin soon with fiat currency in the country. I think it is possible as long there are projects that would make it happen.

Litecoin is one example, which we can now buy LTC with fiat currency with the Litepay debit card. The same thing goes to Ripple as it now partners with Moneygram and other money remittance centers.
full member
Activity: 294
Merit: 100
You can buy altcoins for fiat, but only those that are traded to usd. Simply deposit your fiat on exchange and buy what you want.
full member
Activity: 364
Merit: 100
You can always find a way, even through a simple exchange with another person, by the principle of localbitcoins, by the way, there you can select people with a good rating and ask them for the necessary alts
member
Activity: 81
Merit: 10
Depends on what exchange you use, some exchanger allow that. For example if you are indonesian, vip.bitcoin.co.id support buying alt directly using fiat. You just need bank account and national id with same name as you use in that bank account. If you are not indonesian, just go to coinbase and purchase bitcoin or ethereum there and move it to exchanger you want to buy alt.
legendary
Activity: 1162
Merit: 1008
there are new exchanges support buying directly altcoins with fiat money.
But usually their prices are higher then other exchanges.
Waves DEX is supports and also new upcoming exchanges such as Gibraltar is supporting too.
member
Activity: 305
Merit: 10
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Some ICOs provide this option. But why not all of them provide this option?  Lips sealed Lips sealed
I think maybe ico are is not good project that is why they are not provide this option, of else they are scammer.
full member
Activity: 462
Merit: 100
yes its possible, but it depends on the restrictions of you countyr, ex. you country doenst accept any crypto-currency (banned) it is impossible for you to buy any altcoins with fiat. but if your country is a totally accepting crypto-currency, you can buy/bought bunch of it with no any restrictions.
Which countries are totally accepting crypto for fiat money? It can make only exchanges, but not all
full member
Activity: 546
Merit: 100
yes its possible, but it depends on the restrictions of you countyr, ex. you country doenst accept any crypto-currency (banned) it is impossible for you to buy any altcoins with fiat. but if your country is a totally accepting crypto-currency, you can buy/bought bunch of it with no any restrictions.
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