Sentences with phrase «directly from fiat currency»
This increase took place at the same time money flowed out of the cryptocurrency market, meaning that in order for that money to re-enter the market, it will have to pass through Bitcoin again (because you can't buy most coins directly from fiat currency).
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The biggest downside of fiat currencies is that they require holders to surrender them to banks to make payments (apart from payments by banknotes, the transaction cost of which is directly proportionate to the transaction size).
Besides earning bitcoin directly from selling goods and services or just relying on the kindness of the web, the most common way for people to fill their bitcoin wallets is by trading fiat currency like Rands or Dollars for cryptocurrency via exchanges like BitX or Coinbase.
Most intermediary services that allow users to purchase products from the fiat currency economy with bitcoins by proxy work by charging a small percentage fee, so the services are actually more expensive than simply paying with one's credit card directly.
With a «General», unverified account, users can't buy any cryptocurrency directly from HitBTC using a fiat currency such as euros, pounds, or US dollars.
Its legal status is far from being equal with that of fiat currency: financial companies are directly forbidden to own it.
Like with all forms of trading on the Lykke Exchange, margin trading is implemented directly in the free Lykke Wallet mobile app, with complete access via smartphone, instant deposit from a credit card or bank transfer, easy conversion to fiat currencies and zero - commission trades.
Consequently, they could vote to distribute the company's remaining BTC — as well as the coins derived from its forks — directly to creditors rather than selling them and paying the proceeds in fiat currency.
Uphold users are now able to purchase XRP directly from the website with no transaction fees for the first 5 million XRP purchased, and they may convert the cryptocurrency into seven other cryptocurrencies, 23 fiat currencies, and four precious metals.