Turning crypto into fiat or is that even nessesary anymore!

[bakunawaaa]

Hi, mine is not an idea but more if a comment. Probably for people living in countries where crypto currencies are already generally accepted in businesses, just like in Japan, this is possible. Here in the Philippines it is still not possible because the shops accepting crypto are limited. My suggestion however would be to target a country and spur the businesses there to accept crypto. This way globally it would be more prevalent and accepted.

[davinchi]

It depends on convinience. If you can transact with BTC at ease, then there would be no need to change into fiat. But there are few merchants and countries accepting BTC as a currency. Many people still take it as a scum. So, for your convinience, you use that which is okay for you. A time will come when there will be no need to change BTC into fiat. There are traders who are accepting BTC. But with the option of the marketplace and localBitcoins, everyone is sorted.

It’s necessary to convert your money to Fiat, and reason is that Fiat is very important because there are lots of things you can do with it, lots of things you need to buy and lots of things you need to pay. I don’t know why you should leave your money in bitcoin and call yourself a smart guy, unless your country let’s citizens pay their bills and other things with Bitcoin. So fiat is always needed, there are lots of things to take care of and you can only do them with the help of Fiat.

[Factmine]

Right now it is still necessary. Since there are not much services or sellers that accept bitcoins yet, even in Japan there aren't yet a lot of merchants accepting it yet. But that would be a dreamland if bitcoins could be accepted in anything and everything. But as of now, there is little support yet for bitcoins to be used outside of the online world. But humanity is digitizing everything so there is a great chance it could happen in the near future.

[LogitechMouse]

I know this subject has been looked at before but with the speed at which the cryptospace changes I felt the subject deserved a fresh look, and why not obtain that fresh look from the experts that are currently at the forefront of using crypto, namely all of you here on Bitcoin Talk forum.

I know there will be a time when it will not be necessary to change from fiat to crypto and vise versa. Hell that time may already be here. If the time has come where that exchanging of one to another is no longer necessary then i definitely need an update because that would save a lot of time and money. So if you would please share your insights and knowledge with the rest of us on what the most efficient way you have found for

  1. avoiding the whole exchanging from crypto to fiat to take care of financial responsibilities out side the Crypto-space

  2. what is the most efficient and cost effective way you have found for the exchanging of crypto to fiat?

Please remember that ideas are awesome and helpful to further a subject so please do share yours, but with that being said please remember that lots of people that read this may be new to crypto so please do include details and specifics such as names of places, cost and special steps that maybe needed to accomplish your way of doing something. I want to thank you all in advance for your participation and for all that you give on a daily basis to help improve and add to the Crypto-space.
 

Right now it is still necessary to convert digital currencies into fiat. It is still necessary because there are things that bitcoin itself or other coins can't buy. What is the other option then? Convert bitcoin into fiat money in order to buy things that can't buy using crypto coins.
Cryptocurrency has been accepted in some countries in the world but not all are accepting it or they don't even know it so they prefer fiat money rather than crypto

[Meowth05]

I know this subject has been looked at before but with the speed at which the cryptospace changes I felt the subject deserved a fresh look, and why not obtain that fresh look from the experts that are currently at the forefront of using crypto, namely all of you here on Bitcoin Talk forum.

I know there will be a time when it will not be necessary to change from fiat to crypto and vise versa. Hell that time may already be here. If the time has come where that exchanging of one to another is no longer necessary then i definitely need an update because that would save a lot of time and money. So if you would please share your insights and knowledge with the rest of us on what the most efficient way you have found for

  1. avoiding the whole exchanging from crypto to fiat to take care of financial responsibilities out side the Crypto-space

  2. what is the most efficient and cost effective way you have found for the exchanging of crypto to fiat?

Please remember that ideas are awesome and helpful to further a subject so please do share yours, but with that being said please remember that lots of people that read this may be new to crypto so please do include details and specifics such as names of places, cost and special steps that maybe needed to accomplish your way of doing something. I want to thank you all in advance for your participation and for all that you give on a daily basis to help improve and add to the Crypto-space.
 

Right now it is still necessary to convert digital currencies into fiat. It is still necessary because there are things that bitcoin itself or other coins can't buy. What is the other option then? Convert bitcoin into fiat money in order to buy things that can't buy using crypto coins.
Cryptocurrency has been accepted in some countries in the world but not all are accepting it or they don't even know it so they prefer fiat money rather than crypto

Precisely, still it is better to have conveted digital currency because as of now cryptocoins are not fully accepted in this world and even there are few store that accept it as payment. Besides most of people are still prefer to use fiat because this is our old tradition of transaction yet it is easy to buy thing through it without internet connection unlike crypto currencies.

[haroldtee]

Plz which is d best platform  to buy btc.

That totally depends on your location, which you may have to find an answer to such on Google. However, you can make use of localbitcoin since it has a widespread usage in almost all countries and the fact that it is a P2P platform of exchange. You may just need to be careful.
However, there are some exchanges that may need you to go through the verification process, to be able to exchange directly to fiat. So far, I have been making use of LUNO and REMITANO to achieve that. Luno mainly operate in European and African countries though and you will need to get verified.

[goaldigger]

So far, technologies on my country is limited and we have no POS that accepts bitcoins, or if there are any, its few. In order to use cryptocurrency to buy something, you will convert it into fiat but of course, it has corresponding charges depending on the amount you have converted. So far, we have one major wallet that we use here. So converting crypto to fiat is still necessary on my country.

[ricardobs]

Right now it is still necessary. Since there are not much services or sellers that accept bitcoins yet, even in Japan there aren't yet a lot of merchants accepting it yet. But that would be a dreamland if bitcoins could be accepted in anything and everything. But as of now, there is little support yet for bitcoins to be used outside of the online world. But humanity is digitizing everything so there is a great chance it could happen in the near future.

There is no reason for someone to keep their money in Bitcoin, you should exchange them sometimes cause there are some issues that you can’t solve with bitcoin, just like paying bills (Bitcoin can’t be used to pay your bills, or can it? Capital NO!), You need to go to the market and buy stuffs and food for the family, and you know that bitcoin can’t do that for you, next you have got to pay some rents, you’re also sure that you can’t use Bitcoin for that. So it’s always necessary to exchange your bitcoin to Fiat, but not all.

[ngavanngo22]

Of course it's still needed cause there are no cryptocurrency legalized already so when we want to use our cryptocurrency to buy anything or pay for bill we still need to exchange in into fiat.

[SHAWN-MIDWAYS]

I think technologies around the world are all at different levels at the moment which makes this crypto - fiat relationship to remain relevant, and besides we need fiat in case crypto services are down which might be caused by an internet outage or some service maintenance.

And for some countries that have banned cryptos, i think fiat is still in the driver's seat.

[el kaka22]

I think it's still needed cause there are very few place that everyone can use Bitcoin directly for payment cause Bitcoin is not legalized worldwide so for almost people all over the world they still need to exchange Bitcoin into fiat if they want to use it to buy anything or pay for bill.

It is obviously still needed and until we start seeing real life usage where we can easily make payments at any store without having to convert to fiat, then we might just still have to stay glued on making use of the exchanges to convert to fiat. Sure, a time will come when a lot of things will change most especially with the ways we make use of bitcoin but I would not really want to bother myself much on that so far until when those times come.

[hacker1001101001]

I think technologies around the world are all at different levels at the moment which makes this crypto - fiat relationship to remain relevant, and besides we need fiat in case crypto services are down which might be caused by an internet outage or some service maintenance.

And for some countries that have banned cryptos, i think fiat is still in the driver's seat.

Fiat currency is still the backbone of all the transactions around the world as most of the people don't have internet access 24/7 and also cryptocurrencies are no so flexible and handy now to use them for our daily payment. But one day surely there will be a revolution of currency and cryptocurrencies will be accepted all around the world.

[JCLee]

I think it is still nessesary at the moment cause Bitcoin is still not a currency cause it's not legalized in any country yet so if we want to pay for anything or services via Bitcoin we still need to exchange Bitcoin into cash to be able to do that

[Kevin77]

Right now it is still necessary to convert digital currencies into fiat. It is still necessary because there are things that bitcoin itself or other coins can't buy. What is the other option then? Convert bitcoin into fiat money in order to buy things that can't buy using crypto coins.
Cryptocurrency has been accepted in some countries in the world but not all are accepting it or they don't even know it so they prefer fiat money rather than crypto

The reason why bitcoin cannot buy most of these things is just mainly because it is hard to find merchants to accept them so far. I would really want to see the time when merchants will start making good use of bitcoin as payment system in flexible terms as this would really create huge awareness for the currency. However, I believe this would obviously mean the government one way will have to be involved.

[aencarnaci]

I think as of now, people will still likely to exchange their bitcoins to fiat, since there are still.a lot of merchants that are accepting fiat than bitcoin, we still need more time for the general public to accept bitcoin and to have more mechants, that will come, let's just not rush things and convert our bitcoins to fiat, we need to remember hat bitcoin is the future of currency.

In my eyes it is not necessary till date because bitcoin is not fully cover the whole market and it will take more time to overcome all the other paper and fiat currencies. I suggest holding both the currencies fiat and bitcoin fiat for local trading and bitcoin for earning more and more money and when you realize the need for your life then you can sell them for your needs, but it is not necessary to turn to one currency.

[ArnoldChippy]

I think technologies around the world are all at different levels at the moment which makes this crypto - fiat relationship to remain relevant, and besides we need fiat in case crypto services are down which might be caused by an internet outage or some service maintenance.

And for some countries that have banned cryptos, i think fiat is still in the driver's seat.

Fiat currency is still the backbone of all the transactions around the world as most of the people don't have internet access 24/7 and also cryptocurrencies are no so flexible and handy now to use them for our daily payment. But one day surely there will be a revolution of currency and cryptocurrencies will be accepted all around the world.

Yes that is is right and the reason behind this is that bitcoin users are still low in number, i am sure that when the number of bitcoin users will increase then there are more chances that the use of bitcoin will decrease, because it is more convenient and easy to use bitcoin for different purposes, in modern time the young generation will also give more preference to bitcoin instead of fiat currency.

[slackcryptoz]

I think technologies around the world are all at different levels at the moment which makes this crypto - fiat relationship to remain relevant, and besides we need fiat in case crypto services are down which might be caused by an internet outage or some service maintenance.

And for some countries that have banned cryptos, i think fiat is still in the driver's seat.

Fiat currency is still the backbone of all the transactions around the world as most of the people don't have internet access 24/7 and also cryptocurrencies are no so flexible and handy now to use them for our daily payment. But one day surely there will be a revolution of currency and cryptocurrencies will be accepted all around the world.

Yes that is is right and the reason behind this is that bitcoin users are still low in number, i am sure that when the number of bitcoin users will increase then there are more chances that the use of bitcoin will decrease, because it is more convenient and easy to use bitcoin for different purposes, in modern time the young generation will also give more preference to bitcoin instead of fiat currency.

Yes, we are still low in number compared to the traditional fiat that gets used all around. Also the market place that support bitcoin and other digital currencies were also low in number. When this attains certain margin, there is no need of converting to fiat. Can keep hold of it and use directly on requirement. Till that fiat is must and for the same we need to go long.

[Bagaji]

It will become necessary to convert crypto currency into fait currency to be able to purchase an items or products in some countries where crypto currency is not accepted as a mode of payment for goods and services. Just like the case of my country where you cannot find shop's that accept any crypto currency as a mode of payment for goods you will have no options than to convert your Bitcoin through local Bitcoin exchange for be able to purchase an items or products.

[Ahiaba]

Turning Bitcoin or crypto currency into fait currency is still necessary in some where crypto currency are yet to be accepted as a means payment for goods and services. But I believe a time will where the need to convert crypto currency into fait currency will be no more. It is most easy to convert Bitcoin or crypto currency via local Bitcoin exchange or directly on coinsbase though limited to some countries.

[GoodLuck2]

I know this subject has been looked at before but with the speed at which the cryptospace changes I felt the subject deserved a fresh look, and why not obtain that fresh look from the experts that are currently at the forefront of using crypto, namely all of you here on Bitcoin Talk forum.

I know there will be a time when it will not be necessary to change from fiat to crypto and vise versa. Hell that time may already be here. If the time has come where that exchanging of one to another is no longer necessary then i definitely need an update because that would save a lot of time and money. So if you would please share your insights and knowledge with the rest of us on what the most efficient way you have found for

  1. avoiding the whole exchanging from crypto to fiat to take care of financial responsibilities out side the Crypto-space

  2. what is the most efficient and cost effective way you have found for the exchanging of crypto to fiat?

Please remember that ideas are awesome and helpful to further a subject so please do share yours, but with that being said please remember that lots of people that read this may be new to crypto so please do include details and specifics such as names of places, cost and special steps that maybe needed to accomplish your way of doing something. I want to thank you all in advance for your participation and for all that you give on a daily basis to help improve and add to the Crypto-space.
 

Right now it is still necessary to convert digital currencies into fiat. It is still necessary because there are things that bitcoin itself or other coins can't buy. What is the other option then? Convert bitcoin into fiat money in order to buy things that can't buy using crypto coins.
Cryptocurrency has been accepted in some countries in the world but not all are accepting it or they don't even know it so they prefer fiat money rather than crypto

Precisely, still it is better to have conveted digital currency because as of now cryptocoins are not fully accepted in this world and even there are few store that accept it as payment. Besides most of people are still prefer to use fiat because this is our old tradition of transaction yet it is easy to buy thing through it without internet connection unlike crypto currencies.

It is true the bitcoin is being use for a lot of the reasons and the bitcoin is now getting more and more famous I hope in the future I will be able to have the high profit but it is not that fast earning for this I will have to increase the bitcoin value and the income I am sure the profit matters a lot and as much as the bitcoin is going high the bitcoin will be the best support for a lot of the people now and the income of the bitcoin will be high.