Topic: Buy bitcoin for someone else? - page 3. (Read 1239 times)
as long as the money earned by your friend is legitimate and if you keep a proper record of all transactions it should be safe but as I see the earlier posts I feel that it is always safe to make him do it by himself.
There's nothing wrong with whom you invest in the market or buying btc, just take care of the scammers. but it's better to invest in bitcoin itself. for seurity.
Hi, Can some one advise
My friend wanted to invest in bitcoins He wanted to give me say £1000 from his bank and gave it to me in cash, If I was to say put the cash into my bank and set up buying bitcoins from my online account would this be legal? , He has no knowledge on how to buy or trade them..
Thank you
My friend wanted to invest in bitcoins He wanted to give me say £1000 from his bank and gave it to me in cash, If I was to say put the cash into my bank and set up buying bitcoins from my online account would this be legal? , He has no knowledge on how to buy or trade them..
Thank you
This will be your opportunity to help your friend to learn on how crypto investments works in which we really need more people to increase the real demand of this investment specially in this time of difficulties in which the market is not healthy. There is nothing to worry about the process in which its really legal because you use the money for investments and not for money laundering. Maybe they will required you KYC in the future due to amount involved but that will not be a problem as long as you are legal people.
Tell your friend to figure it out himself. It's his 1000 pounds to lose if he wants to take the risk, not yours. It's not that difficult, he can find lots of information online about how to do it. You can even walk him though it step by step and show him which wallet to use, which exchange, etc.
Essentially this is the same as a friend sending you money to buy stocks, another currency, commodity, etc. It's being done on his behalf, so it's perfectly legal. He just should do it himself so he can accept full responsibility for his money.
Rightful thing to be done by a friend not just ordering you to do things which he can actually done without any problems.Its just all the same because you are residing on a same country but be sure on the laws that is connected to crypto before making such any transactions because you might able to face up problems if they would find you out making transactions.Essentially this is the same as a friend sending you money to buy stocks, another currency, commodity, etc. It's being done on his behalf, so it's perfectly legal. He just should do it himself so he can accept full responsibility for his money.
why do you take others risk?
maybe his friend do give out some bonus money for the help that he would do.(possibly) 
It's okay but I wouldn't touch others money.
I'm off with this type of transaction, you can give him instructions on how to set up and exchange's account and buy it on his own.
I'm off with this type of transaction, you can give him instructions on how to set up and exchange's account and buy it on his own.
why do you take others risk?
And take the blame when his friend sees no progress with his money. 
We can very well do so as long as the guy is not from a country where they are not allowed to do crytpo tradings. Besides this, any crypto currencies can be bought for anyone. Teach him or her how to purchase and trade the coins in the future.
Tell your friend to figure it out himself. It's his 1000 pounds to lose if he wants to take the risk, not yours. It's not that difficult, he can find lots of information online about how to do it. You can even walk him though it step by step and show him which wallet to use, which exchange, etc.
Essentially this is the same as a friend sending you money to buy stocks, another currency, commodity, etc. It's being done on his behalf, so it's perfectly legal. He just should do it himself so he can accept full responsibility for his money.
Essentially this is the same as a friend sending you money to buy stocks, another currency, commodity, etc. It's being done on his behalf, so it's perfectly legal. He just should do it himself so he can accept full responsibility for his money.
why do you take others risk?
I do not advise you to do it yourself, better teach him and let him do it yourself.
It's better for him to first understand bitcoin, how it works and how to actually deal with it. But if he's on a hurry better document everything. Also it would be best to pay all necessary legal taxes and alike.
For your own safety it is better to teach your friend and help him. He does not know what kind of swindler and wants to launder money.
Just take care of scammers, you can buy btc with whatever it has, but I only advise you that you know only to prevent the scam from being called.
no matter what person you know with bitcoin you can buy, but it's better to have your bitcoin invest. but if you only buy someone you know it or that you trust. There are so many scammer in the crypto so be careful.
I did . My friend doesn't know that how to deposite, how to transfer. So he gave me the money and he wanted me to buy some coin for him. And I did it for him. İt is legal I said him every movement honestly.
it is better to invest in the bitcoin rather than just the person you took. because there are so many scammer in crypto today.
If you really care about your friend better to tell him everything, and teach them how to play in the market. I’m not saying that you idea is illegal, its legal as long as you are committed but again teaching him about cryptocurrency is the best thing that you can do, let him enjoy the cryptomarket.
I agree with this, I think this idea is the most appropriate and wise way for you and your friend.
Give him an understanding of the cryptocurrency market, that way, there will be no problem later.
It's better to teach your friend how to buy Bitcoin on his own. Messing with someones money often creates unnecessary problem you want to avoid.
Personally, I prefer to buy BTC from reliable sources. I always use https://buycoinnow.com/. Low fee (4,99%) , good support and transaction security give me a guarantee of a good investment.
You can do that and I think it's okay for you to use, and you can earn from your friends money you use in purchasing bitcoins.
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