Usually the minimum to exchange is 100-200 at a time, depending on the cueva. It doesn't move that much for one or two days to make that much of a difference (unless there's an official devaluation in the middle). Depending on your spending, 100 or 200 should last a couple of days (average dinner for 2 persons is now around 40-50 usd)
When arriving in a new city in Argentina, other than BsAS, what is the best way to find a cueva if you don't know anyone? As a side note, I have noticed that some, but not all, WU offices will act as a cash cueva. its really hit or miss
Also, if the dolar blue is quoted at 545/550 bid/ask on dolarhoy.com, what rate should I expect to get for small value exchanges (< $1000 USD) at a good cueva?
Lastly, I have seen you post on twitter that the blue dolar rate is higher outside of BsAs, but EVERY time i have asked a cueva for their rate, in Mendoza and Cordoba, it is ALWAYS worse than the dolayhoy.com selling rate by at least 1%. (Selling them USD to buy Pesos)
I would recommend checking the rates at finanzasargy.com, they really have the best on the ground rates (also for the interior of the country, where rates tend to be a bit different, the USD usually being valued higher because there are less USD vs BsAs).
The spread tends to be way bigger, so you're correct that for selling USD they will give you relatively less pesos vs you would get in BA, and if you would want to buy USD, that would be a lot more expensive.
What I would do is go to a FB group like Bitcoin Argentina, and ask there. Usually people will confirm if people are trustworthy or point you in the right direction.
Yeah Bitcoin is only used occasionally, but preference goes out to stablecoins, because of lower volatility and bigger volumes. Argentina is de facto dollarized in that sense: everyone thinks in dollars
bringing less than $100 notes would be a waste of time? They don't work in $20 denominations?
What if I don't want to exchange $100 at a time if the peso moves so much day-to-day?
Usually the minimum to exchange is 100-200 at a time, depending on the cueva. It doesn't move that much for one or two days to make that much of a difference (unless there's an official devaluation in the middle). Depending on your spending, 100 or 200 should last a couple of days (average dinner for 2 persons is now around 40-50 usd)
When arriving in a new city in Argentina, other than BsAS, what is the best way to find a cueva if you don't know anyone? As a side note, I have noticed that some, but not all, WU offices will act as a cash cueva. its really hit or miss
Also, if the dolar blue is quoted at 545/550 bid/ask on dolarhoy.com, what rate should I expect to get for small value exchanges (< $1000 USD) at a good cueva?
Lastly, I have seen you post on twitter that the blue dolar rate is higher outside of BsAs, but EVERY time i have asked a cueva for their rate, in Mendoza and Cordoba, it is ALWAYS worse than the dolayhoy.com selling rate by at least 1%. (Selling them USD to buy Pesos)
I would recommend checking the rates at finanzasargy.com, they really have the best on the ground rates (also for the interior of the country, where rates tend to be a bit different, the USD usually being valued higher because there are less USD vs BsAs).
The spread tends to be way bigger, so you're correct that for selling USD they will give you relatively less pesos vs you would get in BA, and if you would want to buy USD, that would be a lot more expensive.
What I would do is go to a FB group like Bitcoin Argentina, and ask there. Usually people will confirm if people are trustworthy or point you in the right direction.
Thanks!
Which of the two Bitcoin Argentina. this one https://www.facebook.com/groups/3229786377046797
or this one https://www.facebook.com/groups/1400143433539516
The second one is the best one
Very interesting, thanks for sharing. It's interesting that stable coins are used in this case, rather than bitcoin.
Yeah Bitcoin is only used occasionally, but preference goes out to stablecoins, because of lower volatility and bigger volumes. Argentina is de facto dollarized in that sense: everyone thinks in dollars