Is It Possible to Buy Altcoins with Fiat Money

[#CapsLOck]

The question may sound a little off, but im curious, is it possible to directly exchange Fiat money for Alt coins,? if not, whats the reason?

I think in this kind of cases, I cannot say that you can directly exchange Fiat money to altcoin because it depends upon the command of the project. If it is necessary then why not, its a case to case basis problem.

[Glomerulus22]

There will be a possibility of fiat transfers on COSS Exchange in March, I expect that it will increase the volume on this exchange significantly.

[Rodimill8]

The question may sound a little off, but im curious, is it possible to directly exchange Fiat money for Alt coins,? if not, whats the reason?

you can buy LTC, BTC, ETH, BCH for fiat money in Coinbase. But this exchange is available in Europe, USA, Singapore and Australia. Also you can use cex exchange but i know that there are some problems in USA.

[aussiesloth]

It definitely depends on the exchange and the alt coin.  QUOINEX in Japan has done fiat pairings (USD, JPY, SGD, AUD) with RKT and QASH.

[UsernameBitcoin]

It depends on where you are from mostly. There's many countries in Europe that offer altcoin directly.  Also many fiat exchanges have ETH, which still can can be considered an altcoin.

You could also just trade with someone you know or find some shady guy on the streets

[squesto]

I've seen some ICOs allow fiat purchases, so yes it is possible

[johnsaributua]

I've found an exchange that can deposit from perfectmoney, and payeer. if not wrong in livecoin. with the fiture, I think this will allow for deposit from fiat, by first transfer to perfectmoney or payeer. (CMIIW)

[Johnnywelsh]

I'd be surprised if sites like buying bitcoin locally don't have an altcoin market. Can't say I've ever used them but some of the more reputable ones have been around quite a while and it's just a case of using a trusted seller. Personally I'd rather just pay the coinbase fees as your less likely to get scammed.

[shinratensei_]

I've seen some ICOs allow fiat purchases, so yes it is possible

But the fact that the majority of countries are considering about buying or making a direct transaction of cryptocurrency with fiat as illegal activity. That means if that was an unlawful act.
But where do people are buying altcoin directly? 
Since the only possible thing to buy altcoin through the exchange site.

But those are accepting wire transaction have not made any cooperation with the bank itself.

[lasry]

YES. Most of the country allows that. But the process goes like, first fiat to bitcoin then btc to any alts in exchange. Most just allow bitcoin because its the most popular one. You just have to trade it to any coins you want which is not that hard of a process.

[hyunee]

I think there is a way for you to use fiat money to invest in coins. I jut remember here in the Philippines we have a coins.ph app. It is where you can exchange those coin especially bitcoin to our currency money. Not just that we are also capable of paying bills and send money through that app. It is very convenient for those who are busy people like me. It is really also a good thing for us here since we can decide not to go on any counter to pay for us bills. And not just that through that we can invest in bitcoin. We can hold for it.

[CryptoChanel]

As far as I know Bancor is preparing a gateway to connect it's automatic exchange system based on the Bancor Protocol to FIAT money. So I guess that perhaps already later this year more and more altcoins will become liquid (always exchangable) towards fiat money.

[rommelzkie]

The question may sound a little off, but im curious, is it possible to directly exchange Fiat money for Alt coins,? if not, whats the reason?

It depends on your country. Here in the Philippines  we can easily buy bitcoins at our local sellers (localbitcoin.com) and other merchants like coins.ph and rebit.ph. but this is to BUY and SELL bitcoin or Exchange to Fiat only. Altcoins are not yet supported but one of the merchant coins.ph is about to release an exchange where we can trade bitcoin to PHP (Philippine Pesos) and also altcoins like ETH and LTC.

Im lucky that my country supports crypto.  

Its more fun in the Philippines

[fileo]

I think it could be. Most specially if the involve persons are investors and traders. Let as assumed that traders and holders or investors are friend and have really a good relationship toward each other. They can exchange directly from fiat to alts not doing some inside transactions or through online. But this is not suggestable coz altcoins is tradable through online. Although it seems that actual alt is safe and more secure than online storage alts. If you mean fiat from alts then I should say it is very clear possible coz there are so many countries that adopts this concepts of exchange from altcoins value to actual money.

[v3liana]

The question may sound a little off, but im curious, is it possible to directly exchange Fiat money for Alt coins,? if not, whats the reason?

of course it's possible via local exchange. But local exchage used to be selling only few coins. In my country we use vip.bitcoin to exchange idr to particular altcoin that sell on that site.

[aizen10]

yes its possible, but it depends on the restrictions of you countyr, ex. you country doenst accept any crypto-currency (banned) it is impossible for you to buy any altcoins with fiat. but if your country is a totally accepting crypto-currency, you can buy/bought bunch of it with no any restrictions.

[bumbazaka]

yes its possible, but it depends on the restrictions of you countyr, ex. you country doenst accept any crypto-currency (banned) it is impossible for you to buy any altcoins with fiat. but if your country is a totally accepting crypto-currency, you can buy/bought bunch of it with no any restrictions.

Which countries are totally accepting crypto for fiat money? It can make only exchanges, but not all

[Chiyoko]

Some ICOs provide this option. But why not all of them provide this option? 

I think maybe ico are is not good project that is why they are not provide this option, of else they are scammer.

[myhoho]

there are new exchanges support buying directly altcoins with fiat money.
But usually their prices are higher then other exchanges.
Waves DEX is supports and also new upcoming exchanges such as Gibraltar is supporting too.

[londoireng]

Depends on what exchange you use, some exchanger allow that. For example if you are indonesian, vip.bitcoin.co.id support buying alt directly using fiat. You just need bank account and national id with same name as you use in that bank account. If you are not indonesian, just go to coinbase and purchase bitcoin or ethereum there and move it to exchanger you want to buy alt.