Some trading platform has the option to trade altcoins on the site, like Simple FX and FX Open, however most platforms only offers the option to trade
Bitcoin against fiat currencies at this point.
The media outlet indicated that Benke cited the lack of local bitcoin adoption, the high cost of exchanging bitcoin for Ghanaian cedi and the volatility of
bitcoin against fiat currencies as the reasons underlying the decision.
Regardless of its limited availability, it is a positive trend to see wallet developers enable in - app trades of
Bitcoin against fiat currency.
Not exact matches
If you choose to hold «raw»
bitcoin (not
fiat) your
bitcoin balance will obviously fluctuate
against all
fiat currencies.
Bitit users can now buy Ripple (XRP) paired directly
against the US Dollar and 14
fiat currencies, which solves the «Buy
Bitcoin first problem».
For example, we offer loans
against Bitcoins — where the coins are used as collateral for
fiat currency loans.
Mike replied: «
Bitcoin is collective insurance
against the collapse of
fiat currency systems.»
Kraken offers comprehensive services for the crypto investor, such as the ability to buy and sell
bitcoin and trade digital tokens
against fiat currency.
Presently, as the dollar gets stronger
against the euro and other
fiat currencies,
Bitcoin also strengthens.
Kraken allows you to trade
bitcoin and altcoin
against government - issued
fiat currency, including the US dollar, Canadian dollar, British pound, euro and Japanese yen.
To help safeguard
against bitcoin's volatility, many members use Uphold to instantly move between
bitcoin and into one of the more stable
fiat currencies, such as the U.S. Dollar or the Japanese Yen.
Users can list multiple
fiat currencies against the price of
bitcoin, and the tool's news tracker pegs the timing of news releases with the fluctuations in the market.
Launched on Monday,
Bitcoin Against Ebola is a non-profit initiative that aims to reduce the percentage of charitable donations lost to fees in
fiat currency money transfers.
Traders who intend to trade
Bitcoin against fiat money with the goal to accumulate more USD (or another
fiat currency) can use that kind of broker.
Similar to China, Indian investors are increasingly turning to
Bitcoin, which most view as a hedge
against fiat currency.
This will make it effortless for our users to convert their utility tokens, providing them with continuous liquidity not even
against Bitcoin, Ripple,
Bitcoin Cash and Ethereum but also
against local
fiat currency.
There are also energy, precious metal, soft commodities and interest rate futures contracts available to trade along with 4
fiat currencies that can be traded
against bitcoin collateral without impacting your stock and futures trading.
Without investing in Hedge Funds, individuals can use
Bitcoin as a hedge
against the
FIAT currency in emerging markets — interesting article from Vinny Lingham, Angel Investor and Entrepreneur
The reason behind the growing trade volume in
fiat currencies against the decline of the amount in
bitcoins is the recent surge in
bitcoin price.
Holding
bitcoins and other cryptocurrencies through Wirex serves as a hedge
against the possibility of the value of any particular
fiat currency collapsing without warning.
Bitcoins network effect does affect all other cryptocurrencies because exchanges usually have the trading pairs to be set up
against Bitcoin or a
fiat currency.
Another one of Sachs» arguments
against Bitcoin as an alternative to
fiat currency is that you can't pay taxes with it.
Tether protects
against Bitcoin price volatility by backing payments with
fiat currency on a 1:1 ratio.