Cryptocurrency Q&A
Can you exchange Bitcoin (BTC) for fiat money without a Cex?
Can you exchange Bitcoin (BTC) for fiat money without a Cex?
Giulia
Sun Jul 14 2024
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7
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I don't understand this question. Could you please assist me in answering it?
7 answers
SsamziegangSerenadeMelodyHarmony
Tue Jul 16 2024
Nevertheless, engaging in such transactions without a CEX comes with its own set of advantages and disadvantages.
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Lucia
Tue Jul 16 2024
One of the benefits is the potential for increased privacy, as transactions can be conducted without the involvement of a third-party intermediary.
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Bianca
Tue Jul 16 2024
However, this also poses challenges in terms of security and trustworthiness, as there is no central authority overseeing the transactions.
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Riccardo
Tue Jul 16 2024
The cryptocurrency landscape has evolved to facilitate the exchange of digital assets such as Bitcoin (BTC) for traditional fiat currencies.
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CryptoBaron
Tue Jul 16 2024
This exchange process does not always necessitate the utilization of centralized exchanges (CEX) like Binance.
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