Is It Possible to Buy Altcoins with Fiat Money

[SeXy]

You can always find a way, even through a simple exchange with another person, by the principle of localbitcoins, by the way, there you can select people with a good rating and ask them for the necessary alts

[Dolarin]

You can buy altcoins for fiat, but only those that are traded to usd. Simply deposit your fiat on exchange and buy what you want.

[cheezcarls]

In the Philippines, we are using Coins.PH to purchase Bitcoin with fiat cash. However, we can purchase Ethereum, NEM, and YOLOCoin soon with fiat currency in the country. I think it is possible as long there are projects that would make it happen.

Litecoin is one example, which we can now buy LTC with fiat currency with the Litepay debit card. The same thing goes to Ripple as it now partners with Moneygram and other money remittance centers.

[Psalms236]

First and foremost,it depends on what country you are  in right now. In some countries in Europe buying altcoins with fiat money is allowed.

[alt-fire]

in Ukraine it is quite easy to buy crypto currency for fiat, but in other countries it is not so easy to do.

[Images21]

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?

Yes, you can directly purchase altcoins using your fiat but it is going to be very limited. There are only a handful of altcoins that you can purchase with your fiat directly. Perhaps it is easier to buy some ETH, LTC, and some of the major ones most probably, but with those that are not as famous as these two I doubt if they are offered with fiat. And then another challenge would be where to do all this buying. If through ICOs though, there are many ICOs that accept fiat in buying their coins.

[explosion]

Yes, you can buy the main altcoins with fiat money on BestExchange, like Litecoine, Ripple, Money and even Doggycoin  You can also use exchanges, there is such an option on some of them. I think you should decide with the altcoin you need first.

[AiwaDima]

I think such scenarios can be done, you just need to find the person who urgently needs the money and then you pay her in cash and she will transfer you a coin to the account, that's how it can be done ...

[kanmo]

In my country its very easy to buy bitcoin with fiat currency. I could remember my first encounter with bitcoin, I exchanged my fiat currency for it back then.

[parekoy]

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?

Definitely yes! You could buy altcoins with your fiat money.
All you have to do is to go to coin exchanges and there you could see US dollar bank accounts, send you money into that account and send them the proof that the money you are sending came from you and then they will give you Bitcoin or Ethereum it's your choice and then use that BTC or ETH to buy any altcoins you want.
After the payment, you will have your own BTC or ETH wallet and then you can use them anything you want, whether hold them or buy another coins as you like.

[enhu]

Your best option is to simply buy BTC from someone from localbitcoin and then buy the altcoin you want. Just make sure your research is thorough that it helped you decide which altcoin can give you profit in the future. Remember that you can't undo after you buy the tokens form exchanges, you have to live with it if you suffer loss in the end.

[passwordnow]

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?

There are exchanges that are allowing you to do this.
Local currency -> bitcoin / altcoin --> local currency that's how they process so if you're in a country that does have that type of exchange you can do it.

[Bitcoininspace]

Obviously, firstly you buy bitcoin at fiat money through the stock exchange after that you can invest in altcoins.

[usd.dev]

The answer, of course. Yes. There are a lot of exchangers that specialize in this topic, the main difference between this course and the currency pada for the purchase, some exchangers offer the purchase of altcoins immediately.

[sniveel]

It depends on coinbase and ofcourse you can buy altcoins with your fiat money but it depends on which altcoin available for your fiat money to buy. But i think it is limited to buy with your fiat money.