Do you buy or sell crypto for cash?

[haidangtp]

In my country, buying a coin like BTC or ETH is possible via a website by transferring money to a bank.

[12retepnat34]

In my country we have coins.ph that you can purchase bitcoin from cash and vice versa, and now they also open for ethereum exchange to btc or to cash.

[Crumple Cat]

I always try to buy cryptocurrencies with fiat money. Because i dont want to spend other cryptocurrencies to buy other cryptocurrencies. Theres an example. When i invest in a Initial coin offering, and i pay with Ethereum, they wll need some months before they got listed on an exchange. So in this months it can happen that the thereum price will go 3x or more. And when you got your tokens or coins on the exchange, they have the same price like on the ico. Thats why i dont like to buy cryptos with other cryptos.

Thank you for sharing your experience, but probably you didn't quite understand my question and probably because of me I meant using paper money to direct buy or sell crypto. I already specified this in my original post. Well, could you say, did you have such deals and how did they happen?

[pro2017]

there are 4-5 Exchanges in my country where I can shop with our local currency, I'm doing the buying and selling from time to time

[BTCLovingDude]

i have bought bitcoin with cash but never anything else and i don't want to do that either because i don't want to turn my money into altcoins. what i want to do is to turn my money into bitcoin (so i buy bitcoin with fiat) and then i want to make profit on the bitcoins that i already have (so i start trading altcoins which means i buy altcoins with bitcoin).

as for the anonymity of cash, i don't care for it much. i pay my taxes and i am not doing anything shady or illegal so i am not planning on hiding anything.

[Harpawan]

Betul.karena mata uang crypto masih belum bisa di gunakan untuk transaksi jual beli.mata uang crypto hanya bisa di gunakan untuk transaksi di pasar virtual.

[IamAltcoinfan]

No inever bough crypto directly from cash . I bought from exchanges that too converting money to US dollar . I dint buy directly using local fiat currency . Even local exchanges had huge margin for buying and selling . Now its reduced in my country .

[rucapri0]

I do not like to use paper money. Therefore, I try to pay everywhere with plastic cards or online.

[Getmon]

I did use cash in buying Bitcoins before but it was on a peer-to-peer basis. And there was really no actual fiat cash that changed hands. Everything happened online. I received my Bitcoins and I then transferred the money to his bank account. There was no escrow even as all my previous transactions of purchasing Bitcoins happened between me and either a person I personally know or someone who has been vouched trusted by someone else close to me. As for the selling, I do the conversion through a local wallet which would also deposit the same to my bank account.

[ICO Lancer]

There is no such possibility here but even if there was, I'm not a big fan of cash so i wouldn't really use it.

[TradeCrypto]

I dint buy or sell cryto currecny for cash because i think its very much risky . If i find genuine person then surely i will try to sell or buy crypto holding for cash but till now i dint find any person . In BCT i found some but dint want to take risk.

[Murloc]

The only way to buy Bitcoin for fiat is to use localbitcoins. Some time ago I was stupid  and greedy enough to try to avoin localbitcoins fees and sell BTC directly  to the other people. Spent the whole evening looking for a buyers on the local forum, most of the people I've talked with were absolutely inadequate and during that time Bitcoin lost about 5% of its price (the average amount of fee on my country) and I still didn't find a propper buyer.
I often buy and sell cryptos for fiat but it is a real pain in the ass if you are trying to avoid localbitcoins.

[Dodoymabs]

Yes, I buy crypto because this is an opportunity for me to gain big profits in the future. And also, I always plan all my transaction so that in any cased it will continue to drop I have still some second options to take. People will always say buy at low and sell it high so probably if there is a crashed then this is the time to buy.

[Manchumichael]

I did use cash in buying Bitcoins before but it was on a peer-to-peer basis. And there was really no actual fiat cash that changed hands. Everything happened online. I received my Bitcoins and I then transferred the money to his bank account. There was no escrow even as all my previous transactions of purchasing Bitcoins happened between me and either a person I personally know or someone who has been vouched trusted by someone else close to me. As for the selling, I do the conversion through a local wallet which would also deposit the same to my bank account.

Sending your money to any exchanges and sending money to the personal account is not same. nobody will ask you why sent money to that person but if you deposit money to exchange site you may face the problem.

If we know personally with whom we are doing business or any of our closed one refers someone we can trust them, but a believing 3rd person is risky I never tried this method. but now i have to try because our government is putting a lot of rules.

[Crumple Cat]

I tried it one time. Last year january i bought 3 bitcoins with the price of 790 usd per coin from a friend of mine i know it's very cheap compared on the actual price bitcoin that time which is 1000 usd and i held it for almost a year and sold it in last november with selling price of 15k usd per coin.

Anyways in my country the only way to buy bitcoin thru coins.ph a wallet/exchange site you have to verify your identity first before cashing out your bitcoins and turn into money and also they have limit to depositing money and withdrawal of your money.

Thank you for sharing your experience and nuances. This is very useful for my research

[fosco333]

i buy cryptocurrency using my money in the exchange.
In my country, there are some exchanges that accepting fiat-crypto transactions.
i just need to deposit my funds to the exchange, and buy the cryptocurrency from sell orders.

[stronghands4lyfe]

No way Jose I sell Bitcoin or buy Bitcoin with cash. The fees on those Bitcoin ATMs is absurdly high and I won't consider using it until it becomes a nominal fee and or I actually need the service. Don't see a point of using a Bitcoin ATM when I could use an online exchange that is about 800% cheaper to use .

[carlisle1]

Yes i use to buy and sell bitcoins in single platform,theres local exchange that offers you to buy and sell our coins.though theres a big difference when you sell your coins,and when you buy from them almost more than 3% which a big amount for a buyer..but its ok because easier and accessible for any time

[Proton2233]

The only way to buy or sell bitcoin for cash is ATMs. For me, this is the most unprofitable and expensive way. I do not understand how you can sell cryptocurrency for cash through the phone. It reminds me of a Scam. I have met a few of the services that offer these services via the courier. But there we are talking about large sums. And these are 100% black circuits. It is dangerous for everyone. For the seller and for the courier.

[troleybüs]

Of course I buy and sell crypto currencies for fiat money. We have local exchanges, it's too easy for us after 2013. Before that it was hard because directly trading coins was risky. Now all we do is sell on the local market and give a withdraw order. In weekdays we get our money in only 1-2 hours. There is no regulation about it here yet.