Bitcoin Forum

Hi!

1. There are so many ways to move the FIAT money around: SEPA, SWIFT, e-payments systems (skrill, epay, advcash, etc etc). What is your preferred  way and what payment system do you actually use? Maybe you could even share some tips and tricks?

Basically, I'd like to make a list of top 5 to 10 ways to move FIAT and make sure I've got accounts on all of them.


2. Do you explore opportunities in other FIAT currencies? Let's say you're focused on /USD markets. Do you explore your possibilities to also trade in KRW, RUB, GBP, EUR markets?

I'm a bit confused on why the heck USD so freakin' popular among crypto community? Americans are not welcome on most KYC-performing exchanges due to SEC's policy so this is not them, who make the most of USD volume. So, why don't you trade on EUR if you're not American? Liquidity?

USD is the world currency and that's why it is used. It would be tedious and expensive to have markets in many different currencies.

As for transferring money around, paypal is one of the best options when using just one currency. I personally have used previous and still use a service called transferwise to save money on fees when converting funds from one currency to another.

If you exchange one currency to another they fix some exchanging fees so you should not in all time. But cryptocurrency have own growth so it will move to forward or backward. I personally supporting to crypto economy because Fiat currencies are totally scam so government only earn more profit not for common people.

I simply use changelly or localbitcoins websites to change my money into fiat , normally I would rather to change it to Euros because of less violatity than USD , But sometimes it is just USD option and I don't have any other option , I would do it too if I'm running out of time .

USA plays an important role in world economy, there are a lof of countries which have local currency but their economy still highly depends on local/usd exchange rate. USD rise affected a lot of countries... Well it's mostly worldwide usable currency and that's all, it's why we usually look prices in usd in bitcoin and altcoin. That's why others trade in usd, european countries where euro is used, traditionally follow it over usd.

I just use Paypal - bank transfers without a hitch for a few years now, and have also looked into messing with AUD and GBP for quite some time since I saw some potential for those currencies but never actually used them. Paypal - local bank takes one or two working days before the deposit, and I am yet to discover a trusty, same-day bank transfer that I could enjoy with of course, less fees. Being a freelancer as well (if anyone might find this useful) Payoneer - Paypal - Bank is much cheaper than Payoneer - Bank directly, and idk why or at least this is just on our local banks.

1. Paypal - no such thing as being they are the best for me but Im using their service for years now. Bank > Paypal and vice versa. If the receiver doesn't have that, the best one is Western Union. Although my last used of Paypal was way back over a year now, Im sure service is still the same.

2. Price swings this past months between our local currency against USD is intense. Most currency traders here takes advantages of it. So yes, no cross border aside from the fact that Im not familiar with the movement of other currency although Im open for exploring those if I really want.

this is the biggest headache I've faced for years, my options are very limited, so I use paypal to withdraw to my bank and this process is instantaneous, but sometimes it takes 2 days. Before, I used skrill and it take 3 days to get into my bank account. I have not tested wester union yet, because I am doing more research on how to use


there are stablecoins and USDT is the most used.

I mainly use PayPal as well for convenience and simply because I've had a PayPal account for so long. Good and reliable, never had any major problems with the site. You need to verify yourself and such to gain the full features of PayPal, but it's not a big deal in the end. I haven't ever used any other services like Skrill in a while due to reliability issues I've heard from them in the past, but I do know some people use Skrill successfully to transfer fiat money around. I've also heard of people using MoneyGram in the US as an alternative to Western Union, but I personally haven't used MoneyGram before. Just WU transfers; they haven't let me down yet.

I'm well aware of the fees for transferring one currency to the other but some times it is necessary if you're moving from one country to the next. Crypto is not ideal for this because the fees combined buying and selling end up being more expensive unless you're transferring large amounts. I neglected to mention that mostly lately I just use revolut, that's not for moving my fiat but it allows me not to need to transfer funds to different accounts and different currencies. I can have one GBP account but spend in near every currency with no or limited fees.

I don't. That's why we have crypto. If you are involved in crypto you do not need to move your money around in any other way or shape, crypto is by far the most superior way to move your money around globally.

You can go to any country you want and still can find someone to cash out your coins there as well, you will have to trust them a bit but it can still be doable or if you have bank accounts there you can use the local crypto exchange to cash out to your bank account.

Hence the best option is still by far crypto. Also debit cards that you use in your country can still work in other countries so you can just cash out to your own bank at your own country and spend it all around. Using swift and sepa and all that is crazy considering the fee's that come with it.

Nah, I just use  my banking ATM's to transfer any FIAT to other place and would gradually spend it before I could even save for the other day.

If you won't consider the fee for those that use the conversion directly to fiat, because of the spread there are many nowadays to cash out. If moving to other capital markets I think it's better imo to sell to those brokers with forex and stocks trading so that you can save withdrawal fee.

I use the USDT currency as a fiat currency and stable coin in the market , because it is globally and I can buy almost everything with it online , it doesn't have much volatility and it is a strong currency , Of course Euro is a good currency too but I rather to use USD .

Well if the transactions happen in the same currency, it will be much better than actually making it in multiple currencies which further involve the conversion of one currency to another and so on which makes chaos.

I like moving FIAT money to buy bitcoin and crypto by online banking to advcash and yes I am looking for opportunities in other FIAT currencies, such as KRW, RUB, GBP, EUR,

I think USD and EURO are quite popular, but the average crypto community likes USD as the main money

I think your best bet in moving your Fiat currency around is definitely going to be PayPal and that's because that's exactly what I've been using for years now, and as of yet I haven't experienced any mishap or any inconveniences
I really do not know if anyone has had any issue with PayPal?
But I personally have not, you can try them out

Don't you face any problems with PayPal regarding crypto usage?

I prefer 3 ways neteller, skrill and spectrocoin.

Firstly spectrocoin because they accept fiat deposits with skrill and neteller but also offer their own prepaid credit card. So it is a nice way to move Fiat around and convert into crypto or crypto to fiat.

Secondly i love skrill and neteller. They both offer a card that can get uploaded with fiat but also with BTC. Recently they also integrated Crypto. So you can use your balance to buy crypto on both their sites. At this moment crypto withdrawals and sending crypto outside their platform isn't integrated but its in the pipeline.

I know in lot of countries taxes need to be paid on crypto holdings, but everyone likes to avoid taxes as much as possible. So for little expenses you ca easily convert your crypto to fiat on skrill, neteller and spectrocoin and withdraw on every atm without anyone needs to know something about it.

I use paypal and bank transfers.

Paypal becauses it goes quick, many online shops accept it, easy to transfer money to your bank account (and vice versa), low fees, good protection as buyer. I don't like skrill, the fees involved are too high for me.

I use localbitcoin exchange to convert my crypto to fiat currency, which i receive directly to my bank account which is very easy, apart from that i also transfer to neteller as to send fiat currency to fiat gambling sites.