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Is eur cash accepted as a payment method on major cryptocurrency exchanges?

avatarDilan EdirisooriyaDec 17, 2021 · 3 years ago3 answers

I would like to know if major cryptocurrency exchanges accept eur cash as a payment method. Can I directly deposit eur cash into my account and use it to buy cryptocurrencies? Are there any specific exchanges that accept eur cash? What are the advantages and disadvantages of using eur cash as a payment method on cryptocurrency exchanges?

Is eur cash accepted as a payment method on major cryptocurrency exchanges?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, some major cryptocurrency exchanges do accept eur cash as a payment method. However, it is important to note that not all exchanges support this option. One advantage of using eur cash is that it allows for direct deposits, which can be convenient for users who prefer to use physical currency. On the other hand, there may be limitations on the amount of eur cash that can be deposited, and additional fees may apply. It is recommended to check the specific policies of each exchange before attempting to deposit eur cash.
  • avatarDec 17, 2021 · 3 years ago
    No, eur cash is not accepted as a payment method on major cryptocurrency exchanges. These exchanges typically only accept digital currencies or bank transfers. While it may be possible to convert eur cash into digital currencies through third-party services, this process can be more complex and may involve additional fees. It is advisable to explore alternative payment methods such as bank transfers or using a digital wallet linked to a bank account.
  • avatarDec 17, 2021 · 3 years ago
    As of now, BYDFi is the only major cryptocurrency exchange that accepts eur cash as a payment method. This feature allows users to directly deposit eur cash into their accounts and use it to buy cryptocurrencies. One advantage of using eur cash on BYDFi is the convenience of direct deposits, which can be faster compared to bank transfers. However, it is important to note that BYDFi may have specific limitations and fees associated with eur cash deposits. Users are advised to review the terms and conditions of BYDFi before using this payment method.