Ways to get fiat onto, and off of blockchains?

Discussion in 'Crypto Forum' started by Hanley, Dec 3, 2017.

  1. Hanley

    Hanley BoxMember

    Nov 21, 2017
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    I'm wondering about all of the different ways in the world that a person might enter and exit blockchains with fiat?

    -Using an exchange such as Coinbase. One can obviously link their bank account or credit card.

    -Finding someone with crypto, and paying them in cash.

    -Create a mining operation that trades crypto for cash, then pays all bills with cash. (kind of indirect)


    Any others?
     
  2. CJ

    CJ BoxSuperMember
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    Nov 11, 2017
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    Or once more major companies actually start accepting cryptos but that may be a little while im not sure
     
  3. Hanley

    Hanley BoxMember

    Nov 21, 2017
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    How would this help an individual enter and exit blockchains with fiat?
     
  4. CJ

    CJ BoxSuperMember
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    I think in return more banks would want to accept cryptos as assets and/or then allow their customers to sell there holdings to them or pay off debt.

    pretty far fetched but this would be in the future if there is a great adoption
     
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  5. Konquest

    Konquest BoxMember

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  6. shredmer

    shredmer BoxInitiate

    Nov 30, 2017
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    If you are moving larger volume I would highly recommend GDAX (owned by coinbase). It is a very convenient way to move in and out of fiat.

    When you setup an account you can deposit by sending a wire transfer, I do not think there are deposit limits but there are daily withdraw limits.

    I have not withdrawn into fiat on GDAX yet to a bank account, rather I have only withdrawn BTC to hard wallets but I trust the service is legit. If not, there are other methods to cash out BTC back to fiat as you mentioned above.
     
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  7. cryptomined

    cryptomined Administrator
    Moderator Founder CoinMaster

    Nov 10, 2017
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    #7 cryptomined, Dec 8, 2017
    Last edited: Dec 8, 2017
    WAVES DEX
    you can deposit USD or EURO straight to your waves wallet and trade it on the DEX for multiple cryptos such as waves, btc, eth and more.
     
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  8. julio4sca

    julio4sca BoxInitiate

    Dec 8, 2017
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    Not sure I understand the question...

    You can also use a stablecurrency pegged to fiat (which is more risky than fiat because its not decentralized) like USDT or bitUSD.
    You can invest in the stocks whose prices are connected to crypto like AMD, NVIDIA, Overstock, ...
     
  9. Khovic

    Khovic BoxInitiate

    Dec 8, 2017
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    localbitcoins is pretty good for that , traded 150$ of btc for paypal pretty much instantly
     
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  10. Hanley

    Hanley BoxMember

    Nov 21, 2017
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    Thanks! I'll look into that
     
  11. DanielAl

    DanielAl BoxMember

    Apr 10, 2018
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    Application of Yodse token

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    yodse_banner_black_2000x500_002.png
     

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