I'm currently receiving some of my income in BTC, and I'm just holding it because I expect it will go up long term and so it is my savings.
But sometimes I'd like to be able to turn it into fiat for daily expenses. I can't yet pay my rent or buy my groceries with BTC (hopefully one day! but not today and not in the near future).
With banks in some countries blocking transactions from known exchanges is there a worry that one day it will become impractical to turn the BTC into fiat? Either just very hard to do, maybe street-corner-deals or at risk of getting your bank accounts frozen?
Do people think about this and have plans to work around these kinds of banking barriers? Or are there ways around it already but I'm not aware?
To avoid this problem, P2P exchange technology is one of the easier and very simple solutions to convert cryptocurrency to fiat currency, P2P exchange also makes it easier for us to determine the selling price agreement we want directly with the buyer and this exchange also does not involve any parties. third, so that the seller and the buyer both benefit in accordance with the desired profit.