Good question. I am in the US and therefore not up to speed on the current environment in Europe or the regulatory changes occurring. So take my response with a grain (or more) of salt.
I *think* you can also sell BTC for fiat on those exchanges but I may be wrong. Someone can fact check me on that.
Moving funds strategically to Strike when you want to sell for fiat may also be an option. Probably will have the same regulatory/KYC'm hurdles as other exchanges but good to double check.
For purchases that are big but not the scale of a home, you could explore options like BitRefil. I have not used them though so cannot personally attest to the quality or experience of their services.
Lastly you can explore bitcoin backed loans as an option. I have mixed feelings about using btc as collateral and have no idea what your options in Europe for that sort of thing are, but may be worth considering. Debt is obviously risky so don't take this as me advocating strongly for the option, but if done carefully it would be a way to leverage your stack for fiat purchases without having to sell your bitcoin.
Jordan Eskovitz
npub1va…vm9qh
2024-12-18 06:35:53
in reply to nevent1q…hckn
Author Public Key
npub1vahlaghvx9px4yrdw72a06aw9wj7v8ctn75ptx2mfg5em5y965gqnvm9qhPublished at
2024-12-18 06:35:53Event JSON
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"content": "Good question. I am in the US and therefore not up to speed on the current environment in Europe or the regulatory changes occurring. So take my response with a grain (or more) of salt. \n\nI *think* you can also sell BTC for fiat on those exchanges but I may be wrong. Someone can fact check me on that. \n\nMoving funds strategically to Strike when you want to sell for fiat may also be an option. Probably will have the same regulatory/KYC'm hurdles as other exchanges but good to double check. \n\nFor purchases that are big but not the scale of a home, you could explore options like BitRefil. I have not used them though so cannot personally attest to the quality or experience of their services. \n\nLastly you can explore bitcoin backed loans as an option. I have mixed feelings about using btc as collateral and have no idea what your options in Europe for that sort of thing are, but may be worth considering. Debt is obviously risky so don't take this as me advocating strongly for the option, but if done carefully it would be a way to leverage your stack for fiat purchases without having to sell your bitcoin.",
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