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?
Topic: Is It Possible to Buy Altcoins with Fiat Money - page 2. (Read 425 times)
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?
I think it could be. Most specially if the involve persons are investors and traders. Let as assumed that traders and holders or investors are friend and have really a good relationship toward each other. They can exchange directly from fiat to alts not doing some inside transactions or through online. But this is not suggestable coz altcoins is tradable through online. Although it seems that actual alt is safe and more secure than online storage alts. If you mean fiat from alts then I should say it is very clear possible coz there are so many countries that adopts this concepts of exchange from altcoins value to actual money.
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?
It depends on your country. Here in the Philippines we can easily buy bitcoins at our local sellers (localbitcoin.com) and other merchants like coins.ph and rebit.ph. but this is to BUY and SELL bitcoin or Exchange to Fiat only. Altcoins are not yet supported but one of the merchant coins.ph is about to release an exchange where we can trade bitcoin to PHP (Philippine Pesos) and also altcoins like ETH and LTC.
Im lucky that my country supports crypto.
Its more fun in the Philippines
As far as I know Bancor is preparing a gateway to connect it's automatic exchange system based on the Bancor Protocol to FIAT money. So I guess that perhaps already later this year more and more altcoins will become liquid (always exchangable) towards fiat money.
I think there is a way for you to use fiat money to invest in coins. I jut remember here in the Philippines we have a coins.ph app. It is where you can exchange those coin especially bitcoin to our currency money. Not just that we are also capable of paying bills and send money through that app. It is very convenient for those who are busy people like me. It is really also a good thing for us here since we can decide not to go on any counter to pay for us bills. And not just that through that we can invest in bitcoin. We can hold for it.
YES. Most of the country allows that. But the process goes like, first fiat to bitcoin then btc to any alts in exchange. Most just allow bitcoin because its the most popular one. You just have to trade it to any coins you want which is not that hard of a process.
I've seen some ICOs allow fiat purchases, so yes it is possible
But the fact that the majority of countries are considering about buying or making a direct transaction of cryptocurrency with fiat as illegal activity. That means if that was an unlawful act.But where do people are buying altcoin directly?
Since the only possible thing to buy altcoin through the exchange site.
But those are accepting wire transaction have not made any cooperation with the bank itself.
I'd be surprised if sites like buying bitcoin locally don't have an altcoin market. Can't say I've ever used them but some of the more reputable ones have been around quite a while and it's just a case of using a trusted seller. Personally I'd rather just pay the coinbase fees as your less likely to get scammed.
I've found an exchange that can deposit from perfectmoney, and payeer. if not wrong in livecoin. with the fiture, I think this will allow for deposit from fiat, by first transfer to perfectmoney or payeer. (CMIIW)
I've seen some ICOs allow fiat purchases, so yes it is possible
It depends on where you are from mostly. There's many countries in Europe that offer altcoin directly. Also many fiat exchanges have ETH, which still can can be considered an altcoin.
You could also just trade with someone you know or find some shady guy on the streets
You could also just trade with someone you know or find some shady guy on the streets
It definitely depends on the exchange and the alt coin. QUOINEX in Japan has done fiat pairings (USD, JPY, SGD, AUD) with RKT and QASH.
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?
you can buy LTC, BTC, ETH, BCH for fiat money in Coinbase. But this exchange is available in Europe, USA, Singapore and Australia. Also you can use cex exchange but i know that there are some problems in USA.
There will be a possibility of fiat transfers on COSS Exchange in March, I expect that it will increase the volume on this exchange significantly.
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?
I think in this kind of cases, I cannot say that you can directly exchange Fiat money to altcoin because it depends upon the command of the project. If it is necessary then why not, its a case to case basis problem.
In my country, we able to buy directly alctoin with our currency. Not only, altcoin, but also Bitcoin.
If you not able find your exchange, probably your government very strict about a crypto activity.
If you not able find your exchange, probably your government very strict about a crypto activity.
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?
If you check in international standard it is not possible only you can buy Bitcoin then you should exchange your altcoin this is the actual procedure in cryptocurrency.
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?
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?
Every one of the coins that are on the Korean trades (Bithumb, Coinone, Korbit and so forth) regardless of whether they are alt or bitcoin can be purchased in fiat cash. All things considered, the fiat is the main alternative to get them. They have Monero, QTUM, Dash, Zcash, Bitcoin Cash etc that are considered as altcoins here. I do understand that Bitcoin is the ruler and it must have the best framework yet with regards to purchasing and offering coins, despite everything I don't know why everything must be tied with Bitcoin.
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?
U can buy ETH directly in MetaMask (if u r US citizen).
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