Quote from: irhact on May 29, 2024, 05:56:56 PM

Quote from: decodx on May 24, 2024, 07:56:39 PM

What method do you find most convenient and cost-effective for converting your crypto holdings to fiat currency? CEXs, P2P, Debit Cards... ? Also curious if any new or up-and-coming techniques are on your radar.

We mightn't like it because it's centralized but centralized exchanges has being the most convenient way for me to trade my cryptocurrency to faits. I haven't use debit cards therefore I can't give an honest opinion on them but I have use decentralized P2P and I was almost scammed therefore I prefer to use centralized exchanges or their p2p were all the individuals on the exchange would had gone through verification therefore they won't want to scam or they'll get their account banned.

Centralized exchanges has P2P but selling to them directly is more faster and safer. Their P2P can also be slow sometimes as the individual selling or buying on the exchange wouldn't be fast to respond to your order. The rate on the exchange is slightly better than those on the P2P because some individual will want to manipulated the price by bringing it down so they can make more profits when they sell to you.

I have seen someone tried buying Bitcoin with Debit card before hand and it was really success, it came smooth e even and that was in year 2021 if I recall correctly. I wasn’t really this interests in buying/selling/holding of Bitcoin as I am today. I think I can still recall who the individual was but, not the site.
So buying with debit card virtually played out like you having to pay for a product you bought online of which, Bitcoin was that commodity here. You don’t get to buy from an individual here but the site itself, at there rate and you pay by inputting the necessary details on your debit card, while you receive an OTP for authentication. That follows after you must have imput your receiving Bitcoin address though.
I can’t recall it in detail but, it ain’t a bad idea except,

This would be you having to expose your debit card details to a site you aren’t entirely assured of its security and safety. There is always a risk factor as this is part of your private detail.