BitShares Forum
Main => General Discussion => Topic started by: sfinder on February 18, 2014, 05:27:15 am
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a new bee question , how can i deposit USD to btsx platform? can i do it from credit card ,bank card or online transfer from my US account? Can anyone elaborate all the steps?
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Buy $100 worth of BTC using whatever means you do now. Trade BTC/BitUSD on crypto exchange. You get (100 - transaction fees) BitUSD.
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Or at least that's the theory
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Buy $100 worth of BTC using whatever means you do now. Trade BTC/BitUSD on crypto exchange. You get (100 - transaction fees) BitUSD.
Interesting, for many people, the request can be USD--to--BTC,
Here we do BTC--to-bitUSD.
As for now , I do not get why I need put BTC to get bitUSD.
Is bitUSD more valueable than BTC ?
I suppose the one like BTS must equal or more like BTC.
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Actually, the easiest procedure will be this:
Buy BTC, trade it for BitBTC (no need for much price discovery here) and then once you have BitBTC you can covert to BitUSD or BTS with ease.
We are working with exchange partners that should help direct exchange of USD for BitUSD.
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Hi Dan
1) could you please elaborate how exchange partners can help us to do direct exchange of usd to bitusd?
2)do you mean we still need centralized trad ing platform like bter and mtgox to help us to do the exchange
3)can we conclude that BTSX platform never deal with fiat money . all the fun has to be converted to BTSX format such as bitbtc/bitcny/bitusd
Actually, the easiest procedure will be this:
Buy BTC, trade it for BitBTC (no need for much price discovery here) and then once you have BitBTC you can covert to BitUSD or BTS with ease.
We are working with exchange partners that should help direct exchange of USD for BitUSD.
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3)can we conclude that BTSX platform never deal with fiat money . all the fun has to be converted to BTSX format such as bitbtc/bitcny/bitusd
This is correct - the point is how much easier this process will be with global price discovery from BTSX.
If you consider anyone holding BitAssets as part of the BTS X platform, then BTS X deals with fiat money all the time. *Anyone* with capital would love to charge you a $3 ATM fee.
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We are working with exchange partners that should help direct exchange of USD for BitUSD.
Can you please elaborate on which exchange partners you are working with for USD -> BitUSD ? Are we talking about a well known BTC exchange expanding their offering ?