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> Still, I'm curious about what is the process of buying crypto with Argentinian pesos? Any advice? I'm not sure if this applies in BA, but in other countries,
by latchkey 3y ago
> Still, I'm curious about what is the process of buying crypto with Argentinian pesos? Any advice?
I'm not sure if this applies in BA, but in other countries, there are expat focused FB groups where people offer local currency conversion services. This often includes crypto. I would start there and find someone reputable in those communities. After that, retail street level gold dealers typically do it too, or know where to go.
- pjc50 3y agoThis makes sense. Now, an interesting question to ask in relation to any crypto activity: who's taking the other side of the trade, and why? Who's trading dollars to bitcoin to pesos? I'm guessing the answer is "people who have some means of laundering pesos back to dollars at the official rate"?
- latchkey 3y agoIt isn't "any crypto activity"... it is "any financial activity". People trade all sorts of widgets all the time. It doesn't matter if it is crypto or beanie babies. I also wouldn't call it laundering either. If you own something valuable, you should be able to sell it. Laundering implies nefarious interactions and it isn't always nefarious. In general, you can't travel with more than a few thousand $'s in cash. It is also personal safety risk. Having a way to travel the planet and convert locally as needed, seems like a valuable service, for regular people. Of course one might say that you should use 'credit/debit cards' or services like western union... but if you've actually done travel to more 'out there' locations, that isn't always an option, full of high fees or just very difficult to use (things like language barriers and time delays).