Some Walk-In Foreign Exchange Places Offer BTC

romero121

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Quote from: 24Kt on November 22, 2021, 05:21:58 PM

Quote from: KennyR on November 22, 2021, 12:56:17 PM

As of now there isn't any exchange/business providing cryptocurrency exchange services through physical stores. Maybe this could change with time. Recently more number of cryptocurrency exchange applications have got launched within the country. These were providing service at certain commission. Earlier through localbitcoins there is meet and transact service which has been stopped by localbitcoins for some security reasons.

We may see physical crypto exchange in El Salvador very soon once the First Bitcoin City materializes. Because right now, we are all doing online transactions when it comes to conversion of our crypto to fiat. But sooner or later, we will see this to be a reality just like any other foreign currency exchange shops. Right now, if a shop is offering to convert your crypto to their local fiat, we may see that they may be charging good amount of fees but it may change soon.

Yes, this could happen following the increasing adoption. As said El Salvador is taking a big step that could benefit it's people. In every country this can be made possible through the banking system. Because, it is place where the common man go for all his financial needs. Exchanges when tied up to banks it'll easily gain the trust of the people. With cryptocurrency related services trust plays a big role.

24Kt

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Quote from: KennyR on November 22, 2021, 12:56:17 PM

As of now there isn't any exchange/business providing cryptocurrency exchange services through physical stores. Maybe this could change with time. Recently more number of cryptocurrency exchange applications have got launched within the country. These were providing service at certain commission. Earlier through localbitcoins there is meet and transact service which has been stopped by localbitcoins for some security reasons.

We may see physical crypto exchange in El Salvador very soon once the First Bitcoin City materializes. Because right now, we are all doing online transactions when it comes to conversion of our crypto to fiat. But sooner or later, we will see this to be a reality just like any other foreign currency exchange shops. Right now, if a shop is offering to convert your crypto to their local fiat, we may see that they may be charging good amount of fees but it may change soon.

KennyR

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As of now there isn't any exchange/business providing cryptocurrency exchange services through physical stores. Maybe this could change with time. Recently more number of cryptocurrency exchange applications have got launched within the country. These were providing service at certain commission. Earlier through localbitcoins there is meet and transact service which has been stopped by localbitcoins for some security reasons.

NeuroticFish

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In my country there's LDV Bank / LDV Crypto Exchange (or the new name: Tokero) that has opened a few physical crypto exchanges and had plans to help every money exchanger (and we have a lot of those) also exchange crypto. They do this for more than 2 years.

Google translated links: here and here.

yazher

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That would be convenient if you found yourself cannot access to the exchange you commonly used. I think in the future we will see them just like the money changers in our city where they offer exchanges of the foreign currencies to get some profit from in exchange for convenience to the people. It will be possible to have like that in our streets in the upcoming years if the bitcoin market will continue to rise each year.

Lucius

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Quote from: OROBTC on November 17, 2021, 12:17:00 PM

Recently I have found two...

Only two? In Europe, even post offices are becoming crypto exchange offices, and more and more of those engaged in currency exchange and the sale/purchase of gold have a crypto service. Recently in my country cryptocurrencies can be bought and sold in Western Union branches as they have become partners with one company operating in several European countries (EXC).

Of course, this service always has a higher price than online exchanges and ranges from 5% up to 10%, but it is still without KYC for amounts up to approximately 2000 EUR per day/per individual physical branch.

Poker Player

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Well, although Bitcoin is a digital asset, I think it will be normal that more and more physical stores will give the possibility to buy Bitcoin by going there. If we think that Bitcoin is replacing gold little by little, and that gold is mainly bought in walk-in stores, it is normal that there will be more and more walk-in stores where you can buy Bitcoin.

DapanasFruit

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I am sure that there comes a time when foreign exchange operators in many countries can be accepting Bitcoin aside from the usual international money they are dealing business with. And this is a big good news for the cryptocurrency industry and a big boost for Bitcoin in particular. Really looking forward for more available Bitcoin ATMs anywhere most especially countries outside of USA.

OROBTC

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...

Recently I have found two:

-- a place in the USA (works with LibertyX, whom I have written about before, this place wants 8% commission)
-- a foreign exchange place in Peru, the owner does the TX (5% commission), he says BTC is catching on there.

And IIRC atmcoinradar.com continues more and more growth of ATMs around the world.

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