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I'm curious how she does use it though. Is there a local exchange willing to trade bitcoin for the local currency? Because she can't exactly do it through Coinb
by monochromatic 11y ago
I'm curious how she does use it though. Is there a local exchange willing to trade bitcoin for the local currency? Because she can't exactly do it through Coinbase, or she's right back where she started...
- aianus 11y agoCoinbase is available is 28 countries: https://www.coinbase.com/global https://www.coinbase.com/global (I work for Coinbase)
- monochromatic 11y agoDid not realize that.
- mikekchar 11y agoYou might want to update your FAQ: https://support.coinbase.com/customer/en/portal/articles/1826671-what-countries-us-states-are-supported-for-coinbase-exchange- https://support.coinbase.com/customer/en/portal/articles/182... It only lists 4 countries.
- aianus 11y agoAccording to our lawyers we're not allowed to advertise exchange services in certain jurisdictions but if users happen to stumble upon it we're allowed to offer them the service ;)
- bdcravens 11y agoNot necessarily. Coinbase's fees are probably far less than it costs to wire money or PayPal's 3-4%.
- arcticbull 11y agoBut not less than Transferwise at 0.85%
- kgc 11y agoCoinbase has an exchange (https://exchange.coinbase.com https://exchange.coinbase.com) that supports several currencies and is accessible from many countries. (I also work at Coinbase)
- csomar 11y agoNorth-African countries have better exchange rates for BTCs in the local market than the USD one. (because of capital flow controls). I suspect the same for other third-world countries. She probably takes 10-20% more with BTC than with bank wire.