I have bought and sold crypto primarily using cash for the last ten years, what are you talking about.
Yes, many people use an exchange. Many do not.
You can also trade for non-physical "cash", e.g. local bank transfer via escrow. As far as I'm concerned, that's a cash exchange.
Never had a bad experience with it. You just sit in a coffee shop with the person for the few minutes it takes for a transaction confirmation.
Source: have been doing this for years.
You ever thought about how a credit card is a debt card?
Whereas, it's the debit card that actually spends your credits?
When your account is credited, that means you gain money. That's the definition of "credit."
So yes, you are creating credits for the credit card company, against you. What you are gaining is debt/liability. Which why it's weird for it to be "your" credit card.
If I have a Chuck E. Cheese game token card, that doesn't mean I owe Chuck E. Cheese tokens.
A credit card offers you credit.
credit: noun An arrangement for deferred payment of a loan or purchase.
the Gell-Mann Amnesia effect described by Crichton comes to mind here.
It is quite potent when media talk about crypto and usually involves evident logical fallacies that are not dissimilar to Orwellian double-speak.
Like the idea that cash is freedom so crypto supporters also support no cash limits, even though you can't buy crypto with cash and crypto cannot be converted directly to cash and people who won the crypto lottery keep their money in a good old bank when a good old investment manager handles them to buy good old banking products using good old FIAT money taxed by the good old government, because "freedom propaganda" is the best tool to sell a fraud to the ignorant.
But media don't write about it, I don't know why.