Bitcoin Forum

Hey guys,

I'm doing a little research now about using cash (paper money) for direct buying or selling crypto in different countries and I need your help. Could you share please your experience of such deals in your country? In what way are you doing this? And what were the problems or the advantages of this way? If you can, please tell about which country you speak, then this research will be more practical.

The results of this research can help improve Dether dapp the beta release of which will be in the coming days (the first dapp beta release for Business already launched http://shop.dether.io). The main strategic mission of this project is the breaking barriers to the mass adoption of Ether and crypto in general. The team believes that a convenient, mobile, decentralized, p2p way to buy and sell crypto for cash is able to significantly contribute to this and their opinion is shared by Consensys in the person of Ethereum co-founder, Joseph Lubin, which support them. I'm also long-standing and sincere contributor to Dether and I will be grateful to you for your help in this research :)

p.s.
Recently, Dether team interviewed citizens of ten countries to learn how to deal with the purchase / sale of crypto in general, in their countries. If you are interested to know what crypto enthusiasts from Tanzania, Czech Republic, Senegal, Vietnam, Congo, Philippines and others countries talk about it, you can get acquainted with the results of the interview in this Medium article https://medium.com/@DETHER/the-good-the-bad-and-the-ingenuitive-what-it-is-really-like-to-buy-and-sell-cryptocurrency-8fdfbfc2aee7 (https://medium.com/@DETHER/the-good-the-bad-and-the-ingenuitive-what-it-is-really-like-to-buy-and-sell-cryptocurrency-8fdfbfc2aee7). In this thread, as you already understood, I want to learn about the ways of buying / selling crypto directly for cash.

Dether Bug Bounty is available now. Join the Personal Dapp testing now:
https://medium.com/@DETHER/dethers-bug-bounty-program-beta-testing-e9f1bb4fec73 (https://medium.com/@DETHER/dethers-bug-bounty-program-beta-testing-e9f1bb4fec73)

We do a lot of exchange of crypto for cash and vice versa in my country and i am  also into that. It is quite easier to do that than getting it done on exchange site. The way it is done is that:
A social media platform is created, where the admin, who is a trusted person, becomes the middleman between the buyer and the seller. Most times, we may not know the middleman in person, by in a way, we may have built trust in him.
I have found this to work effectively and i like it.
I believe i have been able to make meaning contribution.
If you have any other question as regards this, i am ready to provide you with answers.

Localbitcoins is working flawless for me. I already made over 50 deals there.
Also, there are few companies what are working as a middleman with 2-5% commission. But this is the way to get your money in bank account really fast.

In my site there have no way to make cash with cryptocurrency. Some short buyer take BTC or ETH then I make some cash. But big withdraw never possible in my site. It is major issue for me.

Hey, thanks for your feedback and your responsiveness :) I really have questions.
In passing, if you can, please tell about which country you speak, this will make the research more practical.
Regarding the way you said about it, yes, it's clear to me, but what are its shortcomings at your discretion? Or are they not now?

Thank you for sharing your experience :)
If this is possible, it would be cool to know what country you are talking about, this would help make the research more practical.

I made a lot of money by buying and selling encryption, and then I was in a state of investment encryption, and I was grateful to the BTC for giving me the opportunity to make money.

Yes i've been selling crypto for cash in my country there's an company who buy and sell bitcoin for the exchange of money this company called coins.ph which i can easily buy or sell bitcoin on it and also i can cashout my much money because of selling bitcoin on the company

Very rarely and only with my friends. I got the bulk of my crypto currency for work. This is a very convenient way because there are no commissions (except commission for transaction) and taxes. In the future, I plan to start more actively dealing with crypto currency, perhaps I will open my exchange office.

So in my country it is very common practice to buy different tokens for real money. On my own experience, I can say that I was selling several times ETH, I just looked for a person who has cash and we exchanged at the rate

Absolutely yes, i've being buying and selling crypto for cash here in my country for years using luno.com and some other Trusted Escrow groups. I as well sell my asset for FIAT through peer to peer system, where you sell to someone you know like a friend or we have a meeting point if there is neccessity for that but all over trust is absolutely necessary in anywhere you are selling or buying. Crypto is of no use to us if we can't exchange it to our desired FIAT at our convenient time.

I bought a lot of crypto with cash, I don't understand the use of this topic.

No I did not buy and I would have love to buy but I did not have enough money to put into cryptos any more. Cryptos Rule No 1. Also invest what you are willing to lose.

In our country localbitcoins and coinbase are more supportive but why you are creating these kind of thread. If you want to know the exact analysis you can research our own this will always help to understand the exact report.

I always try to buy cryptocurrencies with fiat money. Because i dont want to spend other cryptocurrencies to buy other cryptocurrencies. Theres an example. When i invest in a Initial coin offering, and i pay with Ethereum, they wll need some months before they got listed on an exchange. So in this months it can happen that the thereum price will go 3x or more. And when you got your tokens or coins on the exchange, they have the same price like on the ico. Thats why i dont like to buy cryptos with other cryptos.

You can only afford to buy more in this present market. All coins are in their lowest you can get them for the rest of this year. Grab as much as you can now!

I tried it one time. Last year january i bought 3 bitcoins with the price of 790 usd per coin from a friend of mine i know it's very cheap compared on the actual price bitcoin that time which is 1000 usd and i held it for almost a year and sold it in last november with selling price of 15k usd per coin.

Anyways in my country the only way to buy bitcoin thru coins.ph a wallet/exchange site you have to verify your identity first before cashing out your bitcoins and turn into money and also they have limit to depositing money and withdrawal of your money.

I never bought crypto with cash,
I get the crypto coin from the campaign.

and from the results of the campaign I took part
to save to local currency

Thank you for your feedback. But did I understand you correctly...Sometimes you sell your BTC or ETH to other people and directly for cash? That is, you meet with another person, send crypto to his wallet and he gives you cash (paper money)?

There are quite a few stock exchanges to buy crypto currency for money. 
I usually just sell. If there is ETH, then you can sell it immediately with the output to the card. And if there is a token, I first exchange it for any crypto currency, but then you can sell it and put it on the card.

Thank you for sharing. I will definitely look at this site.
Let me make a clarification, in order to get cash for your crypto, you go to their office?

Thank you for sharing your experience. I wish you good luck with the opening of the exchange office, I think this is relevant ;)
Btw, pay attention to the possibilities of Dether dapp for opening an exchange office. It really becomes very easy and convenient with it. In addition to all, your exchange office will be on the global+local map of the dapp and you can increase its "rating" and attendance by different ways within the dapp. In fact, in this way, any street business can additionally become an exchange office and have additional income. Whether it's a coffee shop, food-truck on the beach or any store :) That is, any business using Dether can buy and sell crypto for cash and also accept crypto as payment for its goods and services.

Yes, I sell the crypt for cash. I recently had to sell a little ether.
not the best time, but i want to eat)

I bought many times the cryptocurrency for cash. But I did it through friends and acquaintances with whom we simply exchanged cash for cryptocurrency with each other.  But your idea is very interesting and I think that it will help many, including me, because now it's hard to find people to exchange

Thank you for sharing your experience, but could you tell about which country you are talking about and how exactly did you look for a person for exchange?

Coins.ph is one of the oldest exchanges in my region so I can also vouch for it. You do not need to go to the office, buddy. Everything is online, you can transfer money to them via many different methods. I would recommend you first check out all the exchange websites and see what fits your needs. Most important advice, is to achieve full verification at any of these exchanges before even committing to buy anything. you do not want to get stuck just because you were not verified.

I never spend any capital in playing inside crypto.
just rely on reward bounty that I received from previous successful projects.
then I make trading and invest for atdraw cash into atm.

I have yet to cash out for the first time ever. I plan on doing so in the near future, but since my coins are all at a level comparable to initial coin offering, I'll have to wait a little longer unfortunately.

Its very rare for such to happen, iv actually never sold crypto for cash, but i've instead change crypto for crypto, i don't think changing crypto for fiat is a wise idea either, i preffer circulating them just within the cryptocurrency environs

But you would actually have to cash out somewhere in the near future right? How are you otherwise going to profit from the gains you have made? I do not think that forever holding is a smart idea. Enjoy life also.

Not quite easy,because if you are exchanging millions of dollars assets from cryptocurrencies you will be questioned by the banks,best thing to do is sell it on p2p or person2person,because you wont need these banks with your transactions and the government wont see your fiat assets so you wont be taxed.

EU county.

What I wrote is valid for almost all EU counties. I have friends in few of them and in all you have SEPA from exchanges like kraken, localbitcoins, middleman companies and ATMs in the big cities.

I never bought nothing with cash, not even bitcoin. I started from zero, I had computer, internet and a lot of will and a big wish. I started with earning bitcoins on faucets, much later I invested that bitcoins in other cryptocoins. I cashed out a lot of money in last couple years, maybe not a lot for some rich guy but for my town standard its more then enough, there are months when I had so good gambling and trading that I made 3 times more here then with my regular everyday job.
I only sell crypto for cash, only when I need cash. I would like my country to be more progressive but it's not, so I need hard cash for paying things around.

Few weeks ago i bought around 10k usd crypto with cash. Didnt use any wire transfers cause one of my friends was cashing out from crypto.
I never miss opportunities lol. Wire transfers are not my style.

Thank you for sharing your experience in detail! I will definitely look at the site that you mentioned. But I have a question, do you have any inconvenience, in the ways you told about? In particular, in p2p exchange.

Periodically, I sell my altcoins to withdraw some money because I need to feed my family and myself, too. It is impossible to keep everything in bitcoin

Sorry, do you mean cash (paper money)? Maybe you misunderstood my question, I meant it was paper money. After your comment, I already additionally specified it in my original message. I want to know in what ways people in different countries use paper money(cash) for the direct purchase or sale of cryptocurrency. And what are the possible problems in this matter?

Hey. Thank you for sharing. It would be great to know what country you are talking about, if it possible :)
Regarding your question, as you understand in different countries, the situation may differ (current comments in the thread definitely confirm this) and I found it expedient to find out directly from those who had such deals. It seems to me that this information without which such research can't be full.

I live in Nigeria and I make use of Luno (www.luno.com) for all my transactions both for crypto  and fiat money. I directly exchange my ethereum from MEW or BTC to luno interface who now exchange to dollar and pay me directly to my local currency (Naira) in my local bank. If i want to buy any crypto coins Luno has an interface with my local bank GTB, all i have to do is to have the money in my account in GTB and then initiate the buying and it will be concluded with the crypto showing in my balance in Luno.

I think most of the members on this forum are investors rather than buy crypto for cash. For the most part, people who buy crypto for cash will often be less familiar with forums for professional investors to discuss  :D :D

In my country, buying a coin like BTC or ETH is possible via a website by transferring money to a bank.

In my country we have coins.ph that you can purchase bitcoin from cash and vice versa, and now they also open for ethereum exchange to btc or to cash.

Thank you for sharing your experience, but probably you didn't quite understand my question and probably because of me :) I meant using paper money to direct buy or sell crypto. I already specified this in my original post. Well, could you say, did you have such deals and how did they happen?

there are 4-5 Exchanges in my country where I can shop with our local currency, I'm doing the buying and selling from time to time

i have bought bitcoin with cash but never anything else and i don't want to do that either because i don't want to turn my money into altcoins. what i want to do is to turn my money into bitcoin (so i buy bitcoin with fiat) and then i want to make profit on the bitcoins that i already have (so i start trading altcoins which means i buy altcoins with bitcoin).

as for the anonymity of cash, i don't care for it much. i pay my taxes and i am not doing anything shady or illegal so i am not planning on hiding anything.

Betul.karena mata uang crypto masih belum bisa di gunakan untuk transaksi jual beli.mata uang crypto hanya bisa di gunakan untuk transaksi di pasar virtual.

No inever bough crypto directly from cash . I bought from exchanges that too converting money to US dollar . I dint buy directly using local fiat currency . Even local exchanges had huge margin for buying and selling . Now its reduced in my country .

I do not like to use paper money. Therefore, I try to pay everywhere with plastic cards or online.

I did use cash in buying Bitcoins before but it was on a peer-to-peer basis. And there was really no actual fiat cash that changed hands. Everything happened online. I received my Bitcoins and I then transferred the money to his bank account. There was no escrow even as all my previous transactions of purchasing Bitcoins happened between me and either a person I personally know or someone who has been vouched trusted by someone else close to me. As for the selling, I do the conversion through a local wallet which would also deposit the same to my bank account.

There is no such possibility here but even if there was, I'm not a big fan of cash so i wouldn't really use it.

I dint buy or sell cryto currecny for cash because i think its very much risky . If i find genuine person then surely i will try to sell or buy crypto holding for cash but till now i dint find any person . In BCT i found some but dint want to take risk.

The only way to buy Bitcoin for fiat is to use localbitcoins. Some time ago I was stupid  and greedy enough to try to avoin localbitcoins fees and sell BTC directly  to the other people. Spent the whole evening looking for a buyers on the local forum, most of the people I've talked with were absolutely inadequate and during that time Bitcoin lost about 5% of its price (the average amount of fee on my country) and I still didn't find a propper buyer.
I often buy and sell cryptos for fiat but it is a real pain in the ass if you are trying to avoid localbitcoins.

Yes, I buy crypto because this is an opportunity for me to gain big profits in the future. And also, I always plan all my transaction so that in any cased it will continue to drop I have still some second options to take. People will always say buy at low and sell it high so probably if there is a crashed then this is the time to buy.

Sending your money to any exchanges and sending money to the personal account is not same. nobody will ask you why sent money to that person but if you deposit money to exchange site you may face the problem.

If we know personally with whom we are doing business or any of our closed one refers someone we can trust them, but a believing 3rd person is risky I never tried this method. but now i have to try because our government is putting a lot of rules.

Thank you for sharing your experience and nuances. This is very useful for my research :)

i buy cryptocurrency using my money in the exchange.
In my country, there are some exchanges that accepting fiat-crypto transactions.
i just need to deposit my funds to the exchange, and buy the cryptocurrency from sell orders.

No way Jose I sell Bitcoin or buy Bitcoin with cash. The fees on those Bitcoin ATMs is absurdly high and I won't consider using it until it becomes a nominal fee and or I actually need the service. Don't see a point of using a Bitcoin ATM when I could use an online exchange that is about 800% cheaper to use :D.

Yes i use to buy and sell bitcoins in single platform,theres local exchange that offers you to buy and sell our coins.though theres a big difference when you sell your coins,and when you buy from them almost more than 3% which a big amount for a buyer..but its ok because easier and accessible for any time

The only way to buy or sell bitcoin for cash is ATMs. For me, this is the most unprofitable and expensive way. I do not understand how you can sell cryptocurrency for cash through the phone. It reminds me of a Scam. I have met a few of the services that offer these services via the courier. But there we are talking about large sums. And these are 100% black circuits. It is dangerous for everyone. For the seller and for the courier.

Of course I buy and sell crypto currencies for fiat money. We have local exchanges, it's too easy for us after 2013. Before that it was hard because directly trading coins was risky. Now all we do is sell on the local market and give a withdraw order. In weekdays we get our money in only 1-2 hours. There is no regulation about it here yet.

Hey, you probably didn't understand me correctly, although it's my fault. I didn't specify what I mean by paper money and direct purchase/sale of crypto using them. I already specified this in my original post :)

And than you did not arrange Localbitcoins? A good exchange for these operations. I would use it

 I only got acquainted with the crypto-currency world, then I bought a crypt for currency for fiat money.
My friend assisted in buying me and I am very grateful for this.
He taught me to trade at the exchanges.

Buying or selling crypto for cash directly? Do you mean something like face to face deal?
If it is what you mean then I never done it before, I think it is because most crypto trader will prefer to use an exchange for it for easier transaction. Dealing with crypto face to face also not really recommended imo, as it is very dangerous if we do not know who are person we are going to deal.

In my country the best way to either buy or sell cryptocurrencies is through face to face deal once you get to the exchangers office you send the bitcoin to his/her wallet and at the end the value of the bitcoin you send will be calculated in the value of your local currency base on the exchange rate of dollars to your local currency at that time and the money transfer to you bank account or given to you in cash.

Thank you for sharing your case :) Could you tell me exactly how you sold your ether for cash?
And by the way, it turns out that you needed to change ether to your local currency in order to buy food, which requires time and additional costs. Direct purchase of food for crypto would be more profitable and convenient. This is why Dether team focus on this issue and offer special opportunities. Any local\street business can connect to the app, place itself on the map as a business and receive ether and other crypto later as payment for their goods or services.

Thank you for your feedback and join the testing soon :)

Yes I sold some bitcoins to my friends for direct cash because they are very new to the bitcoin at that time so I don't want them to be get scammed so I sold my personal holdings to them and get cash directly into my hand but this is not suit for trading with stranger so be careful if you are going to make face to face transactions and meet at the public place to avoid any problems.

You probably regret that now, don't you? ;D

I can't really think of a situation where you'd want to make that trade unless you desperately really need that cash, right now.

I really don't like using cash, and try to limit my cash usage, both when it comes to crypto or daily life.

Can't really think of a reason why you'd want to buy crypto for cash though, maybe if you're super limited but idk.

Do you understand what I am telling? ::)

I sold them for the cash then later I bought again bitcoins it is the problem?I didn't make money with this trade because they are my friends.Do you earn profits from your friends too?

Yes. Where I live all cryptop transactions are paid in cash. Most of the time, because cash is indispensable in life and such transactions

I did it once with my friends too. I bought their token because he doesnt have his own eth to fund the transaction fee to transfer it on the exchanger. so I bought it, the price is same as the market.

Cryptocurrency is not well known in my country so
we the few who are into cryptos have no option like exchanging
for other goods and services. The best we can do with our cryptos is to sell for cash.
 The only problem is that the transaction has to be confirmed before you get your cash.

I sell more often to make money, and buy only a few when it comes down and sells it when it goes up.

For me, withdrawing coins from my wallet is always really long procces, because in my country there is less developed cryptocurrency.

I always have problems with cashing out the cryptocurrency. In my country there are no terminals yet, using which you can immediately remove the scourge of translations.

I remember first time bought crypto from my room mate who is in crypto world for last 6 years,i gave him cash and he transferred me BTC on my poloniex exchange.Since then i have been trading in Crypto world.I have sold many time through localbitcoins,simply payment is transferred into my bank account and in exchange i transfer BTC.So thats all.

I have not even withdrawn my funds from muetherwallet, but I'm afraid to store them there too because of the large number of hacker attacks.

Yes, I once bought and sold coins directly using conventional money. The most often I do is buy coins that do not have a market after the coins are distributed. Of course coins can we get from people who need money suddenly.

I try not to sell the coins that fast because the price could get much better than what it appears. Bitcoin is a common proof of that.

I use several exchanges in which I change the cryptocurrency for dollars, but usually it is very inconvenient and I spend a lot of time.

I think in exchange can to sell crypto with direct money has many options now.

Yes, sometimes I buy and sell crypto currencies in cash, though most of my transactions are usually through bank. I am from country India. I usually find people selling or buying for cash near me using localbitcoin.com. The advantages of buying in cash is that you can do face to face deal and there is no possibility of scam, moreover as the transaction is not visible in bank or anything, you could save yourself the trouble of paying tax.

Yes i will buy or invest cash for cryptocurrency in exchanges but i buy altcoins with a small value and hold it and wait until the price of that altcoin increase then full out and buy again

Yes i do buy and selling because it is one of my method to earn money, i think all the people here in crypto doing this also.
But now not only buy and selling can i do in crypto, i used this as my simple business that i can get cash to sustain the expenses of my family in daily living, food, fare, bills i provide that to my family by earning in crypto.

Indeed, localbitcoin.com is the best site for buying and selling of bitcoin locally in one’s own country. Though, I would like to inform you that here we are talking about deals and transactions in cash and not about online transactions and getting money in bank.

There is difference between the two that you people must understand before posting. Localbitcoin.com provides deal in cash, though the rates are bit high as compared to other payment methods. Transactions done through localbitcoin.com are done via middleman and both seller and buyer are protected from possible fraud and scams.

Well, I don’t think you are talking about cash here instead you are talking about buying and selling of crypto currencies using online payment methods such as NFT and IMPS because as far as I know, cash deals cannot be possibly done on social media in some groups. And you surely don’t need a middleman if you are transacting cash to cash in face, do you? So, your contribution in the field will be to first understand the difference between online transactions and cash transactions.

Yeah of course  I sell and buy cryptos with cash, when i need some cash to take care of some certain things, I will sell of for cash and if i feel market is down and need to get some coins, I will buy with cash.

Exactly my point. Many people here are mistaken about the word cash. They are referring cash to as Fiat money here instead. Cash is paper money people and not the money that Is kept in bank or online wallet and transacted via online transaction system. People are mixing up the two different topics of buying and selling with fiat money and buying and selling with cash (paper money) locally.

Thanks for opinion, but I don't think that this is a matter of wisdom, but rather of practical relevance in a concrete situation.

 To be fair it’s fairly easy to grasp the basic concept and advantages of blockchain. It’s much harder to know when to sell and buy. I’d be in the other line though because there’s no way you can trust some other random to tell you when to buy and sell, but there is always more depth to and possibilities for blockchain use to learn/think about.

Thanks for your reply.

Hey, thank you for sharing your experience, but how did you sell crypto for cash? ;D

Yes I am selling cryptocurrency with fiat currency due to wants and needs. I also buy crypto with fiat but mostly I sell Altcoins to sustain my daily needs. Since I am a bounty hunter I got tokens from bounties and airdrops for free and if they are listed on exchanges I can sell them if I need fiat but sometimes I hold them and wait for it to grow. My friends also do the same but they do it always with their crypto.

As of now, I have only sold crypto for cash. Buying cryptos is much work but I might do it in the future. Anyways, selling crypto for cash is like selling a product then earning an exchange from it. Here in the Philippines, I already bought clothes and wrist wear as a salary-like from selling crypto. And it is pretty good. It might take too much work but it is worth it.

Cool, thanks for sharing :) It would be interesting to know in such cases your opinion on Dether dapp, could it be suitable for you to conduct such deals in your country?

Thank you for such a detailed feedback, Rumexx!
This is so useful for my research :)

I never bought crypto for fiat money. But I sell regularly. I do this through Russian exchanges that work with fiat. Everything is clear and accessible. The transfer is credited to the bank card.

Judging by the vote, I cann't agree with you :) In fact, buying crypto for cash is the same investment.

The current situation is obviously a bear market. For a digital currency that can only be used for a long time, it is better to sell accompaniment currency or sell it because it is likely to be declining for several years.

Thank you for sharing your experience. Personally, I don't think that buying crypto for cash is a matter of hiding something. This is just a way that is convenient in certain situations.

Thanks for your feedback. It would be interesting to know your opinion how still it's possible to minimize the risks with this form of deals?

Thank you for your feedback. This will be useful for my research.
Of course it would be cool to know what country you are talking about :)

Yes, I mean exactly p2p deals. The issue of security certainly has a place here, but how can you minimize risks? For example, Dether introduces a rating system for sellers, that is, you will see the current status of the seller and will be able to estimate how much it will be safe to make a deal with him.

Buying crypto for cash is a very risky affair, you never know the person you are dealing with, you might get scammed or even worse

It will be awesome if we could buy food directly by our etherium or bitcoin or maybe other crypto so at least we can safe our sending fee and also withdrawal fee but in my country its not possible to buy food directly with crypto because crypto is forbid to use to pay something.

Of cos that's the main purpose of trading in the first place to get more crypto to exchange to cash. In my country LUNO help in such services. They exchange coin like ETH and BTC to local currency though their charges are quite high.

Yes, I think its very important to buy and use crypto, not just holding without ever using or cashing out!

we need more usage cases than just the current trading happening on exchanges and so on

so we I go out for shopping, I ask shop if they accept bitcoin just to spread as much as possible to more people

I sell my bitcoin on the luno site, but it's just for a necessities of life and I never sell much of my bitcoin, I know the bitcoin price goes down so it might be late to sell it now

I live in Ukraine. To buy crypto I need to deposit cash to credit card then transfer it to payment system like advcash and then change it crypto in online exchange service which I can choose at bestchange

Yes, I usually buy Altcoin in cash, I buy them directly in USD. But there are some coin I buy with BTC and ETH, which means that I use cash to buy BTC and ETH then can change the coin I want to buy.

Yes, this is what Dether does. Recently, the first dapp version for business was launched. Almost every offline business in any country can be listed on Dether map and soon receive crypto directly for its services and goods and also be a crypto-cash exchange, what can serve as an additional income. These can be food stores, fast food, cafes and any other businesses. But I really can't know how things can be with this in your country, because I don't know what country you are talking about :)

because I see if it does that the level of loss we often multiply occurs but if we do in the form of exchange on another altcoin or bitcoin we can still move on the altcoin.

90% of my transactions these days are crypto related. from buying to exchanging and to selling.
i use platforms like Luno, Remitano because they are easy for my country

Hey, thanks for sharing your opinion. Btw, the main Dether message sounds like this “Buy and sell crypto for cash. Spend it at physical stores”. That is, on one Dether world map will be all. A very ecosystemly ecosystem, as I call it. So, if you would like to spend your crypto in your favorite places in your city, but they don’t yet accept it - just show them Dether dapp http://shop.dether.io ;) While this is only the first beta release exactly for Business, which allows to list any shops on Dether map, but soon it’s will be possible accept payment for crypto for their goods and services, as well as to make a crypto-cash exchange, which can become an additional income for the business :)

Yes I buy cryptocurrency for the usual money that I have I think it is absolutely normal and the best way to purchase cryptocurrency

Wow, these are unacceptable fee :o Well, I'm sure that the future is behind decentralized p2p exchanges.

Thank you for sharing. Tell me please if you can, what kind of fee in such exchange office and what country are you talking about? :)

Getting your money after you sell your bitcoin or altcoin to cash money you can using your exchange bitcoin where support your country. You can using kinds of exchange have it support for withdraw your bitcoin to cash money. All of country have one exchange where we can using it for make our bitcoin to cash money, but the first we have bank book and we connected our bank to exchange bitcoin of our account, then you can withdraw your bitcoin to your cash money.

Thank you for sharing your experience. Would you use the decentralized p2p crypto-cash exchange app if the seller's rating system worked flawlessly and you would need to meet the person in person for the transaction, as a result of which you give cash and in return receive crypto in your wallet of this app?

I sold my bitcoin and altcoins to my friends and their friends for cash. My friend directly transferred money to my account and I sent him Bitcoins to his blockchain wallet. he referred me to his friends and they bought NEO and ETH from me for hard cash. with friends it is safe but while doing a cash deal with strangers you should be careful.

Thanks for your feedback. Well, probably Dether should pay special attention to the quality and efficiency of its rating system of sellers, I'm sure it will strive to the level of "stranger as a friend" :)

you can sell or cash out your bitcoin or other cryptocurrencies for your local currency you can sell your crypto to another people for cash. you can send your crypto to his wallet and he gives you cash with this exchange.

From Sri Lanka.
Cex.io is the best option to buy crypto with local cash for Sri Lankans. And the second option is exchanging cash for crypto with crypto currency holders. Other options, Platforms are not popular due to high amount of fees.

Yes, I still trade coins sometimes. Some coin accepts USD. So I buy them directly in dollars. This will be more useful for us.

Hey, thanks for sharing Sri-Lanka's experience and link! I hope the local community will pay attention to the improved opportunities for this, by Dether decentralized p2p ecxhange :)

But what about exchange outside the banking system in your country?
By direct cash exchange for crypto between two persons using a decentralized exchange.

I am also confident in this project. He has a strong team and already has a lot of store and partners around the world, it will be much easier to buy ETH with Dether soon.

Cool, I'm glad to hear it  :) Yeah, detherization has begun. Launching a Personal App very soon. While there is a public beta testing and btw anyone can join a bug bounty https://medium.com/@DETHER/dethers-bug-bounty-program-beta-testing-e9f1bb4fec73 (https://medium.com/@DETHER/dethers-bug-bounty-program-beta-testing-e9f1bb4fec73).

Thanks for your feedback. But could you say which services or applications do you usually use for this?

I do neither one of them, I only Hold free Cryptos given to me for free by the THUG Community and will wai for it to rocket in 2 years..THUG IS FREE and is easy to gain if u perform their weekly activities, They are tradable on exchanges already and have one of the best reputations currently in the Crypto world, no hassle with ICO as they dont have one, so in other words they are much much better than most of the coins recently started ☺☺

In my country, I buy and sell crypto currency in exchangers that are on the Internet, all transactions are carried out using payment cards. The course is not always profitable for me, but it works and I like it.

I'm closely following the project, recently someone bought all the orders for the sale of Dether on 240 ETH, already large investors have slowly started to enter, but there is no exchange it is very difficult! And the application is working fine.

Once the market value of electronic or digital coins in the cryptocurrency goes down then I will buy bitcoins of course because the bitcoin has more chance to help me to raise my current status in life;
from poor to rich, from simple man to a successful man.

I have bought cryptocurrency from the bank account and from the internet wallet. Yet, I did not buy anything just from my hand (from paper money=cash), as if you meant it.

Yes, of course I do sell crypto for cash. If any token I'm holding has worth h a good amount then I will sell is so as to get cash in hand.

It depends on your geographic location and situation, as example where I am at Im not eligible to buy or sell crypto directly so Im forced to pass by an escrow and buy through cash

yes I do buy and sell some cryptos for me to earn some profit to support my daily lives living. I advise you to buy hold and sell some ETH. Because if ETH will the same value as last year. You will earn more.

Thank you for sharing your experience  :D
If this is possible, it would be cool to know what country you are talking about, this would help make the research more practical.

ever to try to learn trade and it is real can generate cash I already feel the benefits

you can use exchangers, which makes it possible to exchange the crypto currency for real money, besides, this money is credited immediately to a bank card or other digital storage devices.

I think everyone in this forum is doing it, because with that we can earn profits that continue, and with crypto trading also I can get what I want. I think trading crypto is mandatory for everyone who knows what a crypto currency is

An excellent question, with a satisfactory answer to it, see I'm adding tokens as the market recovers after the fall and will grow giving me a certain profit but it's up to you to invest or not

I do not buy crypto just for cash because i buy crypto altcoin just to invest in long term when Altcoin price decrease then hence i do not buy altcoin for cash and i sell altcoin it could be for cash for profit

As for me, I do it quite often. I do not think that it is enough to get the cryptocurrency only through Bounty or Airdrop campaigns. Sometimes, it is much better to buy it for the traditional money.

You can only afford to buy more in this present market. All coins are in their lowest you can get them for the rest of this year. Grab as much as you can now!

I dint buy or sell cryto currecny for cash because i think its very much risky . If i find genuine person then surely i will try to sell or buy crypto holding for cash but till now i dint find any person . In BCT i found some but dint want to take risk.

I do. Sometimes when I need money and do not have enough, I liquidate some of my coins and convert it into cash so I can use it because as much as we would like it to be so, there are still a lot of things that cannot be purchased with crypto and you have to use cash. I only sell to people I trust though and I have never bought crypto with cash, I just use exchanges to buy

I have only bought crypto with cash once and that was when a co-worker needed some money urgently and wanted to sell his crypto so I bought it from him since he was selling it cheap. I have never sold cryptos for cash though, I just use exchanges to sell my cryptos when I need to and then transfer it to my bank account. I prefer it that way.

I regularly trade cryptocurrency for cash to pay for my cash-strapped activities or when I want to withdraw cash from the crypto for cash. There are now a lot of trading floors that allow direct conversion from crypto to cash, which is a very good condition to liquidate the money of investors.

I personally, work with the bounty, so only sell. The third part, in which I believe, I take to the hold. The rest is for cash only.

What a very nice research you planned to do! I also have asked myself the same questions and I would like to see the results

Even if I need money so badly I don't even thinking of selling those crypto assets I have, because the probability of gaining my crypto price value will be higher in the future. Somehow I was able to survive most of the time and nearly one year my asset was still on roller coaster ride changing its value from time to time. If that cash turns out as paper money then I have no other options but to spend it, due to fiat investments doesn't seem to be profitable anymore rather than cypto investments.

Of course, I do. Selling crypto and spending the money is very good feeling. I am investing about half of my earnings, but the rest is for me.

There are not a lot of trades like that in my country, most people prefer to sell their bitcoin or to buy bitcoin with a credit card, older people have a tendency to use cash instead of digital money, but most people that are getting into bitcoin and other cryptocurrencies are younger and they prefer to use electronic means of payments instead of cash.

i do it here in my country. I buy directly from friends when i need crypto and they also buy from me when they need crypto. The whole thing is cyclical, a p2p. I enjoy doing that.

yeAH, Cashing crypto into fiat is common. When we need in the real life, fiat is still used and the main currency. I use crypto to buy electric bill or phone bill. IN my country transaction using crypto is prohibited. Buying electic bill is also cahnge into fiat in hte exchanger then pay the electric bill, Not directly from the crypto.

I did not purchase cryptocurrencies because encryption transactions in my country have been completely banned. But if you want to buy there is always a way. But I lack sufficient funds, although I support the encryption market.

I do not sell my altcoin for cash because currently, I hold a coin, especially now the price of altcoin has declined because bitcoin can be good at the end of the year and it could be profitable

If I in need money I sell crypto for cash, and some of my coins is hold for long term. So it is still depends on your budget whether you will buy crypto and sell for a better profit.

The cryptographic exchanges we invest in accept cash. So we buy and sell kiprto money in cash. We are just waiting for these depreciations.

Both. It all depends on the coins and how I see their future. If I understand that there will be no benefit then I sell, or on the contrary, I see the prospect - I buy.

in the country of my residence there are often problems with cashing out the cryptocurrency .. the bank just can block my bank account and ask to declare this money.. there are certainly different ways of cashing out cryptocurrencies but they are not always completely legal.. at the moment I am looking for different alternative ways.

If you mean physical cash then I haven't made any transactions but one of my friends from the same city where I live in bought Bitcoins through localbitcoin website. He told that process wasn't so smooth because of some trust issues.

Recently, I began to pay attention to the possibility of selling the currency for USDT. because this is the equivalent of the dollar and does not change much in price, this is what is the main thing for me to accumulate capital.

Yes, actually you can buy lots of cryptocurrency using your local currency and they sell it for a higher price just to obtained a profit from it.
It is such a wonderful experienced because you can obtained a income from it without working so hard to get it.

I do sell crypto for cash. I don't buy crypto but I work for it to earn and sell it for cash. I earn crypto through joining in an ICO and participate in their bounty campaigns.

I do not recommend buying crypto-currencies cash
It's safer to buy crypto-currencies through exchangers

I sold my bitcoin and altcoins to my friends and their friends for cash. My friend directly transferred money to my account and I sent him Bitcoins to his blockchain wallet. he referred me to his friends and they bought NEO and ETH from me for hard cash. with friends it is safe but while doing a cash deal with strangers you should be careful.

Of course, but crypto-to-crypto market is considered as more flexible and profitable

Man, I also do not do it now, but when I feel I need the money, I sell it for the cash. Naturally, I also buy it for fiat - I do not find anything strange in it. Yes, sometimes, I get the coins when I participate in Bounties.

That is always a problem with face to face trades, you do not know the person that you are meeting and unless the person you are exchanging your money is very trusted it will be very difficult to hand out your cash or your bitcoin, after all if you hand out your cash and the person is someone not to be trusted you are never going to see that cash again and the same is true for your bitcoin.

I sold my bitcoin and altcoins to my friends and their friends for cash. My friend directly transferred money to my account and I sent him Bitcoins to his blockchain wallet. he referred me to his friends and they bought NEO and ETH from me for hard cash. with friends it is safe but while doing a cash deal with strangers you should be careful.

I deduce money through the spectrocoin service on a bank card. Only they have a little overpaid for services, but otherwise it works without problems.

This looks like a very good project. Often, buying and selling Bitcoin or altcoins for cash is not easy because it's hard to find reliable users. So I think this is the main reason people prefer to use exchanges which look more trusted.

I want to sell at the highest price, hold cash, and then buy it back when the price is lowest. This is the best operation, but it is often difficult. So once the price rises I will hold cash, and if the price falls I will buy it back.

When I required the cash for my personal use I sell some of my coins and get cash for that otherwise I'd like to hold my coins for the long term because I know that we can get very good profit if we hold them for long term.

Of course I do. Some of my bounty rewards I reinvest in crypto and some I exchange for cash. In the end of the day this is payment for a work done, so we have to see some of it in the bars.

I do not sell my altcoin for cash because currently, I hold a coin, especially now the price of altcoin has declined because bitcoin can be good at the end of the year and it could be profitable.

That is nothing more than the standard strategy of a trader however selling at the very bottom of the price is incredibly difficult, selling close to the bottom is a lot easier, but selling your bitcoin for cash can be very troublesome, this is why many people decide to exchange their bitcoins for tether dollars instead, that way you get the convenience of using a cryptocurrency but with the stability of the dollar.

in the country of my residence there are often problems with cashing out the cryptocurrency .. the bank just can block my bank account and ask to declare this money.. there are certainly different ways of cashing out cryptocurrencies but they are not always completely legal.. at the moment I am looking for different alternative ways.