Sentences with phrase «exchange for fiat money»
Like any other currency exchange, Bitcoin exchanges buy and sell cryptocurrencies (in exchange for fiat money) in order to turn a profit.
http://www.bitcoinprice.com/
In ICO, the companies cryptocurrency is sold in form of «tokens» in exchange for fiat money and other digital money like Bitcoin and Ethereum.
Not exact matches
Poloniex, which for now trades only digital tokens (about 70 types), needed a way to translate its cryptocurrency exchange fees into fiat money like U.S. dollars — «to buy cookies and milk and pay rent,» as Allaire likes to say.
Virtual currency exchanges allow their customers to trade virtual currencies — usually for other virtual currencies, but also for other assets such as fiat money.
The finance ministry had published an earlier draft of the latter bill on its website in January 2018, and noted that the central bank took exception to a provision that would allow decentralized cryptocurrencies to be traded on exchanges for other digital assets as well as for fiat money.
The U.S. Treasury recently declared that any entity engaged in the exchange of virtual currency for fiat currency must register as a currency exchange and take steps to prevent money laundering.
This means people can take their fiat money and exchange it for this internet money or this bitcoin or any other crypto coin that we're talking about.
On this platform, the tokens will be exchanged for fiat currencies — since trading through fiat money will be allowed on this platform, we can expect ICOs selling like hot cakes.
Check out the exchanges and platforms that support Monero: • Kraken • Bitsquare • Livecoin • Gate.io • Bitfinex • Binance • Poloniex (supports cryptocurrencies) • BitBNS (for India only) • HitBTC • MoneroForCash (For fiat money purchasfor India only) • HitBTC • MoneroForCash (For fiat money purchasFor fiat money purchases)
To circumvent the law (gambling is illegal in China) people were using play money poker sites to set up real money games using play money in exchange for fiat currency transactions away from the tables.
A cryptocurrency exchange facilitates the trading of cryptocurrencies, in exchange for other assets such as fiat money or another digital currency, and delivers the coins to the customer's crypto - wallet.
The free market does not choose fiat paper money for a medium of exchange.
Today, we use the system of «fiat money» which says that currency is intrinsically worth only the paper it is printed on is is used only as a medium of exchange for the supply and demand of goods and services in an economy, including precious metals like gold and silver, with the value of money allowed to fluctuate based on market forces.
An exchange that sells ICO coins or tokens, or exchanges them for other virtual currency, fiat currency, or other value that subsitutes for currency, would typically also be a money transmitter.»
Obviously, one can buy it with fiat money from an exchange, or even in cash, but for those who have already spent everything they're willing to lose, there are other options.
Poloniex, which for now trades only digital tokens (about 70 types), needed a way to translate its cryptocurrency exchange fees into fiat money like U.S. dollars — «to buy cookies and milk and pay rent,» as Allaire likes to say.
A Bitcoin Exchange or Digital Currency Exchange is a business that allows customers to trade digital currencies for other assets such as conventional fiat money or other digital currencies.
They can be used for: Participating in games (paying entry fees, receiving winnings) Buying in - game content and subscriptions P2P transfers inside the platform Investing in other players on the platform Withdrawing to crypto exchanges to get other cryptocurrencies or fiat money
You can use MyDFS tokens to play, win, and exchange it for other cryptocurrency or fiat money.
These transactions could be either exchange of one cryptocurrency for another or exchange of cryptocurrency for fiat money.
«It's always been a headache for everyone to exchange his bitcoins to fiat money with minimal losses.
Crypto - enthusiasts note that the published bill gives quite vague definitions and does not specify taxation principles or list crypto - exchange platforms where it will be possible to legally exchange cryptocurrencies for fiat money.
Decentralized application using a distributed database for the exchange of cryptocurrency for fiat money.
It can also be exchanged for traditional currencies and can act as alternatives to national fiat money and commodities like gold.
These four features include cryptocurrency enabled credit cards that can be used for payment in local stores, a cryptocurrency exchange with support for fiat currency, a payment provider and ATMs that will allow for the instant purchase of coins with fiat money.
The money they earn can be converted into bitcoin or other altcoins like ether, or use mobile cashiers to exchange (HMQ) Humaniq tokens for fiat currencies.
The option of IQN exchange into any other cryptocurrency or fiat money is very welcoming for IQeon users as it provides them with the real chance to earn by playing their favorite games.
An ICO (Initial Coin Offering or Token Sale) is a type of fundraising where in exchange for money (Bitcoin, Ethereum or fiat money) investors receive tokens (coins).
If you convert one fiat currency (for example, US dollars) to another fiat currency (euros), you'll only lose money once on the exchange rate.
In this regard, the tax is levied on the exchange of cryptocurrency for fiat money or other cryptocurrency, on purchase of goods or services.
A transitory asset for exchange to goods and services, and also fiat money A digital platform for emittance and trade of stable crypto assets backed up by raw minerals A store of savings and an investment tool
This list includes best crypto exchanges on which you can deposit money and exchange multi-assets (meaning Bitcoin and all other cryptocurrencies) and the fees they charge for exchange, and both to deposit and withdraw fiat.
Circle is a a mobile money transfer service that offers fiat exchange, liquidity for cryptocurrency trading and a platform for investing in the digital asset class itself.
These tokens can be used to play, win, and exchange it for other cryptocurrency or fiat money.
Loyal customers acquire tokens and exchange them for the Esonics production 30 % cheaper than by fiat money.
However, the actual conversion of cryptocurrency into fiat money is classified as a «supply of services,» so the party acting as an intermediary for the exchange is not taxed.
Users can use available tokens for money remittances or can exchange them for inner MMR tokens local fiat currencies through an agent system or use as payment for goods and services.
Again, ICO stands for «initial coin offering» and this is where you sell the Dapp's tokens for the very first time in exchange for other currencies (BTC, ETH, LTC, fiat money, etc.).
Since the inception of cryptocurrency, different exchange platforms have been built to allow people to buy / sell and transfer cryptocurrency for fiat money...
Investors have to exchange their fiat money for Bitcoin and then trade their Bitcoin for whatever token they're trying to acquire.
Exchange Will be KYC Compliant Exchanging DRG for fiat currency will under go the same KYC and AML procedures that Super rich and other legalized and authorized money exchanges have to adhere to the respective State Banking regulations.
«Switching back and forth between fiat money and cryptocurrency will require a traditional point of exchange for the foreseeable future.
The best bet is to transfer the altcoins to an external wallet and then trade the altcoin for money on an exchange that supports cryptocurrency - to - fiat - currency trading.
OmiseGO is a public Ethereum - based financial technology for use in mainstream digital wallets, that enables real - time, peer - to - peer value exchange and payment services agnostically across jurisdictions and organizational silos, and across both fiat money and decentralized currencies.
The Bitcoin can be exchanged for either fiat money (legal tender) or other alternative cryptocurrencies such as Ethereum.
Ubcoin Market allows them to pay for the goods with no need of fiat money exchange.
These can be bought and exchanged for other crypto currencies and FIAT money through a number of exchanges.
«The idea of having a fiat - backed proxy of central bank money issued on smart contacts for financial institutions to exchange liquidity globally seems a very powerful concept,» he said.
London - headquartered bitcoin wallet and card company, Wirex has revealed it will launch contactless debit cards for spending money that has been loaded from cryptocurrencies and its first ever multi-currency accounts for speedy exchange between bitcoin and fiat (SGD, GBP, EUR, USD) in Asia during the second quarter of 2018.
For everyone else, bitcoin exchanges offer users the ability to transfer fiat money from a credit card or bank account in exchange for bitcoFor everyone else, bitcoin exchanges offer users the ability to transfer fiat money from a credit card or bank account in exchange for bitcofor bitcoin.