Fiat -> BTC Onramp Providers

[theskillzdatklls]

Are there any companies out there that accept fiat based transactions and output BTC? I see many working on the opposite direction (off ramps) but no on ramps. Do they exist?

[1715093633]

1715093633

[1715093633]

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[1715093633]

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[1715093633]

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[1715093633]

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[malevolent]

You aren't the first person to ask for this sort of thing, but the answer is no, as most businesses can pay for most of their expenses in fiat only, so if someone really wants to exchange fiat money into BTC they'll just go through an exchange (or LBC, or whatever).

[theskillzdatklls]

Ok thank you. I tried searching and couldn't find anything but I'm sure I'm not the first to ask as you say.

[timerland]

Yeah, nope, unfortunately, I don't think any companies are going to risk doing this and it's an area that's been unexplored for a long time.

I did have an idea for you though, that could do what you wanted the provider to do.

You could get customers to constantly bank their funds to your exchange's account, and then set up auto-buy order for BTC whenever the payments are sent. If you are using paypal, I think you can do it as well, if you can find an exchange that has paypal. After then, you could set up auto withdrawals with a whitelisted address if they exist on the exchange, or just do manual withdraws weekly.

Do you mind me asking what you'd want a fiat to BTC provider for? I haven't really thought of examples where it'll come in handy.

[malevolent]

You could get customers to constantly bank their funds to your exchange's account, and then set up auto-buy order for BTC whenever the payments are sent. If you are using paypal, I think you can do it as well, if you can find an exchange that has paypal. After then, you could set up auto withdrawals with a whitelisted address if they exist on the exchange, or just do manual withdraws weekly.

I don't think any exchange is going to allow you to use funds in your exchange account which were deposited by people other than you. You go through KYC and only you are allowed to deposit fiat in your exchange account.