4 ms·
How do people in countries with currency controls actually buy crypto? Debit cards? A friend of mine in a developing country with currency controls was trying
by devoutsalsa 5y ago
How do people in countries with currency controls actually buy crypto? Debit cards? A friend of mine in a developing country with currency controls was trying to buy crypto, and I recall her getting scammed by some dude who took her cash and never delivered the crypto.
- fragmede 5y agoThat's how it works, your friend was just unlucky enough to get scammed. But even if she hadn't gotten scammed, how did the person she bought the crypto from get their crypto to begin with? At the in-country upstream end, is a crypto farm running mining hardware, lossly turning local currency with the power company into crypto coins (croins), which can then be traded for local or foreign currency.