Bitcoin Forum

Hi there!

Since I'm not interested in Bitcoin and want to invest only in altcoins I wonder are there any good services where one could buy top alts using fiat?

Would like to hear from people who has had a positive experience and get some links to the services/exchanges!

Thank you very much!

Are you worried about keeping track of your capital gains / taxes?   Most of the time when you buy BTC with fiat and then on the same day buy altcoins, you end up with no gain. 

There are a few exchanges out there that accept Euro straight into crypto assets.   I believe Kraken can handle this, too.   I suppose it depends which fiat currency you wish to exchange for the crypto assets.

Can't trust anyone these days, especially governments!

Well, as I said I don't want to buy Bitcoins at all!

Thanks mate, I'll check Kraken!

It mostly depends on the particular coin that you need. Bitcoin is the most liquid one so the easiest way is just to fund your Bitfinex account with fiat and then buy an altcoin for it. On Bitfinex the most popular altcoins (ETH, BCH, NEO, LTC and many other) have pairs to USD. You can also toss altcoins to other exchanges to find a needed pair, just don't forget to check fees. If you want you can also buy Tether (USDT) and then buy a needed alt with it (on Binance for example), most exchanges accept it.
P.S. Once you have crypto you can use shapeshift.io sometimes it help to avoid some fees and make a faster exchange.

Hey thanks!

I know about USDT, but last time I went to their website registration was closed, maybe it's open now, I dunno!

Kraken seems to be allowing one to deposit up to 2k EUR on tier 2 which doesn't require ID verification and that's great, I'll try it and see if it actually the case!

Thanks again!

If you can get access to Tether than that would help you immensely because I know Cryptopia accepts USDT on top of NZDT (don't know if you can get New Zealand currency easily or not) but other than that your options are somewhat limited. You can however, buy Ethereum and use a DEX like Etherdelta. That way you don't touch bitcoin but you can get just about any altcoin out there, I hope that helps you bud cheers  :)

It all depends on Tether now coz it's still unavailable due to maintenance!

Kraken could load one with problems of conversion to EUR and whatnot, I didn't like what I read on the support page, so it goes bye, bye!

Bitfinex is out of question due to ID verification which is btw takes weeks to process, preposterous!

I'll check that DEX and hopefully get some Etherium, thanks man!

Usually, altcoin exchanges don't allow USD deposits. There are mainly 3 markets, btc, eth & usdt and you have to choose one of the three as your base currency.
So as  you don't want to go with bitcoin then you should go with eth and start trading at pure altcoin exchanges.
In order to buy eth you can use localbitcoins, you may already know that there you will get lots of options to pay.

But if you want to deposit USD directly in order to trade, then the payment options you have in front of you are credit/debit cards, bank wire, perfectmoney, advcash, payeer, capitalist.
If you ignore credit/debit card and bank wire, then you have to load other online payment processors. So you have to decide yourself and approcah with the easiest root.

As far as I know, there is no such services/exchanges available. But changelly.com offers some of the top altcoins and you can buy with credit/debit card I think. I haven't used their service till now.

A better way would be buying BTC(i know you said you're not interested in bitcoin, but you have no choice) on localbitcoins or paxful directly from other people, you won't be asked for any ID, then deposit BTC on binance and buy whatever altcoins you want to. i hope this is helpful.

Even if tether site was up you won't be able to deposit fiat without verification, you can however buy USDT on kraken and send it anywhere it's accepted. i would suggest you to avoid dealing in USDT.


What do you mean?

from what i know the only way to buy BTC without ID verification is to use Localbitcoin or you should find someone who sell you BTC in person or, through forum and internet site, but you should always use a trusted escrow to have a safe transaction

Ok, thank you!

I thought about Changelly, but after reading user's complaints I decided to stay away from it, it seemed to good to be true!

Good to know! G, always that damn ID verification!

Well those kinda problems:

Always convert to EUR before sending your deposit. Deposits sent in a currency other than EUR have to be converted to EUR en route and this is likely to cause delays, additional fees, and routing problems.

For USD is takes 3-5 days which is no go for me!

Thanks for the input!

You will need to atleast obtain Bitcoin or Ethereum for starting and for fees to trade. Trading is impossible if you don't have and Id Verification we all have that hard times when it comes to Id Verification what can we do it's in the rules of every trading sites
You should be

Oh no, not every, you can trade fiat Forex, shmorex up to 5k green no questions asked, well, one sure should provide some basic ID and it won't take more than 5 mins!

I have been in 2014, now train is lost so I'm interested only in altcoins atm!

Cheers!

bitfinex is quite annoying to follow. I am not too intense to play there., to exchange for you to trade I put you playing in bittrex., I have played my funds there long enough and until now nothing has ever happened.

Aha, good, so in anyways how long that ID verification took for you, should I ever bother with it, I'd like to know?

Yeah, just use cryptopia, or kucoin.

Far as i know, they are the only exchanges that will allow you to sell and buy altcoins in there without providing a KYC with ID's and proofs of residence in there.

Anyway, Binance is much more better than those.

try yobit

You should. Exchanges ask for ID verification, not only to keep your personal info in the database in case you do something wrong/illicit, but they also ask for this for your own safety. If something happens with your account (for example, it gets hacked), how do think they're going to verify that you're the original owner of the account? 

and btw, earlier you said :
What did you mean by this? if you can't trust the govt, then who can you trust? exchanges that don't ask ID verification? what exactly do you think the government is going to do if you provide your ID to exchanges? recommend that you think this through and then just go to a trusted exchange and give them what they ask.

Extensive, thanks for the information mate, will defo think it through!

Let's just say you know what I mean and won't have that conversation here! :)

Thanks to everyone!

Sorry i didn't know there are still some independent trading sites good thing i know now thank you for telling me. I was taught to focus on Bittrex and Binance and i thought it is implemented in every trading since they have rules and regulation to imply with for their system.

They always will be there as well as independent and crafty people!