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I just wanted to donate money though. Even if I download a wallet app thing, how do I transfer my actual currency to BTC? I still need an exchange don't I? The

I just wanted to donate money though. Even if I download a wallet app thing, how do I transfer my actual currency to BTC? I still need an exchange don't I? Then I buy "already mined" coins in exchange for my dollars, so I can then donate them.

jonknee 13y ago
That's the problem, it's only easy to get BTC from someone else with BTC. It's hard to get BTC for USD and get USD for BTC. Most USD transactions that are not in cash are reversible and no BTC transactions are, that makes it very tough to get BTC on the internet. Add in all the know your customer laws to prevent money laundering and it's very difficult to exchange BTC for USB without effectively setting up a new bank account.