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<blockquote data-quote="ManInBrown" data-source="post: 4600528" data-attributes="member: 46614">You completely misunderstood my post. I am very adept in crypto. What I said was, you do realize that to actually get your hands on cold hard cash from selling crypto, you need to go to a bank. Yes you can sell the crypto on platforms like Coinbase, but how are you going to get your hands on the actual cash without going to your bank? From CoinBase, they money is transferred to your linked bank account. CoinBase and other platforms don’t pay you for your crypto. They are a middleman in the process. And if you’re talking about just sending it to some random brick and mortar location that isn’t a bank, you are paying massive fees.Let me give you an example. For someone that doesn’t have a linked bank account at a place like CoinBase to purchase crypto, there is something similar to an ATM machine where you can buy crypto. They are located in gas stations and other businesses. The markup on buying crypto from those machine is outrageous. Let’s say the price of a bitcoin right now is $13,000. I have no idea what it is. If you bought BTC from one of those ATM likemachines, you’re paying easily $16,000 per Bitcoin. Anything other than sending crypto directly to your&nbsp; account from a platform like CoinBase or to PayPal from CoinBase is highway robbery. Brick and mortar locations to sell crypto for cash, lolol. Have fun paying 1000% markup fees. You think those random brick and mortar locations are buying your crypto for cash on the spot out of the kindness of their heart? It’s similar to a check cashing place, check cashing places have people over a barrel. They know for one reason or another their customers don’t have bank accounts. The brick and mortar crypto joint is in business to make money. They’re not a charity.</blockquote>

[QUOTE="ManInBrown, post: 4600528, member: 46614"] You completely misunderstood my post. I am very adept in crypto. What I said was, you do realize that to actually get your hands on cold hard cash from selling crypto, you need to go to a bank. Yes you can sell the crypto on platforms like Coinbase, but how are you going to get your hands on the actual cash without going to your bank? From CoinBase, they money is transferred to your linked bank account. CoinBase and other platforms don’t pay you for your crypto. They are a middleman in the process. And if you’re talking about just sending it to some random brick and mortar location that isn’t a bank, you are paying massive fees. Let me give you an example. For someone that doesn’t have a linked bank account at a place like CoinBase to purchase crypto, there is something similar to an ATM machine where you can buy crypto. They are located in gas stations and other businesses. The markup on buying crypto from those machine is outrageous. Let’s say the price of a bitcoin right now is $13,000. I have no idea what it is. If you bought BTC from one of those ATM likemachines, you’re paying easily $16,000 per Bitcoin. Anything other than sending crypto directly to your account from a platform like CoinBase or to PayPal from CoinBase is highway robbery. Brick and mortar locations to sell crypto for cash, lolol. Have fun paying 1000% markup fees. You think those random brick and mortar locations are buying your crypto for cash on the spot out of the kindness of their heart? It’s similar to a check cashing place, check cashing places have people over a barrel. They know for one reason or another their customers don’t have bank accounts. The brick and mortar crypto joint is in business to make money. They’re not a charity. [/QUOTE]

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