Andrea
Sat Jun 08 2024
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6 answers
1146
Can crypto be turned into cash?｜. You create an account on the exchange, deposit your Bitcoin, set up a sell order, and once it's filled, you can withdraw the cash to your bank account.A cryptocurrency exchange is an online platform that allows you to trade or sell your Bitcoin for fiat currency, such as U.S. dollars or other traditional currencies
Could you please elaborate on the process of converting cryptocurrency into cash? I'm interested in understanding how creating an account on an exchange, depositing Bitcoin, setting up a sell order, and withdrawing the cash to a bank account actually works. Additionally, could you explain what a cryptocurrency exchange is and how it facilitates the trade of Bitcoin for fiat currencies like U.S. dollars?
HallyuHero
Fri Jun 07 2024
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6 answers
1549
Is crypto allowed in Brazil?｜. Even though cryptocurrencies and other similar virtual assets may be privately used as payment methods, they are classified as goods or movable property.The Brazilian Real (“BRL”) has been the fiat currency in Brazil since 1994 and it has exclusive legal tender
Could you please elaborate on the status of cryptocurrencies in Brazil? Are they officially permitted for use? I understand that while they may be utilized privately as payment methods, they are categorized as assets rather than legal tender. Given that the Brazilian Real has been the official currency since 1994 and enjoys exclusive legal tender status, how does this affect the legality and usage of cryptocurrencies in the country?
