Topic: Buy bitcoin for someone else? - page 4. (Read 1239 times)
I think it should be okay if you take full responsibility, and if you benefit from your friends money and it is very fun for you to do.
legit if I think, we want to trending or buying to certain parties, as long as we get bitcoin is not a problem, because it is one way that we can do business bitcoin world or other digital currency
I think it's legal and it's okay, it's important that you take full responsibility for your friends money so your friends will not feel disadvantaged.
I agree but just to make sure that you are not deceiving your friend on doing it and you both agreed on what will happen after you get your profits from it because what you did will certainly complicate things.
I think it's legal and it's okay, it's important that you take full responsibility for your friends money so your friends will not feel disadvantaged.
I do not think that at the current time it is necessary to conduct any investments at all with bitcoin, the cryptocurrency market is too unstable now,
although this is your business.
although this is your business.
That's okay for you to do, and you can make purchases and trades on your friend's bitcoin in your leave, and it's very good what if you do.
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
There are banks who accepts Bitcoin or exchange your fiat to Bitcoin without moving it out from your bank, you can also use your credit card to buy Bitcoin. But it all depends on which country you belong coz there were also banks who stopped accepting Bitcoin.
But you should atleast teach your friend the basic to avoid confusions and misunderstanding during investment failure.
if he trust u why not, and why other should know this? bank, government, fortet them, with crypto we are building the new and better wolrd than they did!
That's a very wrong step if done, if your friend does not know how you should explain how to buy bitcoin. If you buy, your friend's wallet will be known to you and you are someone who knows it, no someone else.The danger is if your friend loses the bitcoin he has, he will blame you even if you don't do that. The money is sensitive you can blame each other and not good for your relationship.if he trust u why not, and why other should know this? bank, government, fortet them, with crypto we are building the new and better wolrd than they did!
That's a very wrong step if done, if your friend does not know how you should explain how to buy bitcoin. If you buy, your friend's wallet will be known to you and you are someone who knows it, no someone else.The danger is if your friend loses the bitcoin he has, he will blame you even if you don't do that. The money is sensitive you can blame each other and not good for your relationship. 
Yes, for as long as you pay all the applicable taxes. Make sure you document everything, including the transfer of coins to them in case they try to do anything shady because they'll likely be traced back to you.
As it’s always risky as buying for third party whom you do not know may end up in a trouble as we are unaware the purpose for which the Btc would be used. So ideally better not to buy as their documents could be fake one as well and end up we being in trouble .
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
You can yes do that unless and until you don't have any issues. I don't think purchasing bitcoin or other crypto currencies to someone will be illegal. We do have authorities who deny ICOs to involve their citizens to trade the new coins. I recently helped my dude to purchase around .040 BTC in local fiats. We purchased using LBC. The transaction was smooth and quick. I assisted him to open up a wallet with Coinbase. Activated security features provided. The bitcoin is safe now.
I would suggest you to make sure you teach them whats required after you purchase the bitcoin for them as that is very important keeping them safe.
Yes, for as long as you pay all the applicable taxes. Make sure you document everything, including the transfer of coins to them in case they try to do anything shady because they'll likely be traced back to you.
As it’s always risky as buying for third party whom you do not know may end up in a trouble as we are unaware the purpose for which the Btc would be used. So ideally better not to buy as their documents could be fake one as well and end up we being in trouble .
Ofcoures you can buy bitcoin for your friend, if bitcoin is legal in your country. Before that you can educate your friend about bitcoin benefits and savings of bitcoin. Help him out how to cash the bitcoin through local exchange. He had a knowledge of buying bitcoin at whattine he buy the coin and what time he can sell. Then only he had a more benefits than he invest. Bitcoin is the good source of income to many people. So teach him thoroughly about the bitcoin and then help him to buy.
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
The question is "does the bitcoin in your country is legal? "if yes I think there is no reason for it to ask and you can easily proceed to make his request. So you don't have to worry about it.and I think your friend is a good investor because he knows about when is the perfect time to buy btc. So if I were you I would buy it now if it is legal before it's too late. Good luck buddy and to your friend! See you in success.
If you manage well what your friends have given you I think is something that is profitable for you and of course your friends too
What's wrong if you give something to your friends about bitcoin
What's wrong if you give something to your friends about bitcoin
He doesn't know anything about bitcoins so he entrusted you to do the buying for him for his investment. I think there's nothing wrong with that and it's legal as long as you've done it lawfully.
if your country didnot ban bitcoin then nothings wrong of buying bitcoin for your friend. explain to your friend what bitcoin really is ang the risk that may come out.
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
Criminals are always seeking new ways to gain access to cash or to use third parties to move property or conceal transactions.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
If you are considering buying or selling bitcoin for someone else, consider that you will have no practical recourse if money promised to you as a fee or commission isn't paid or if a cheque or money transfer is cancelled or reversed leaving you with a loss.
if he trust u why not, and why other should know this? bank, government, fortet them, with crypto we are building the new and better wolrd than they did!
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
If Bitcoin is legal in your country then of course your transaction will be a legal but better if you teach your friend on how Bitcoin trading and investing will work to ensure the safety of the money of your friend like what if something will happen to you let's say an accident that may cause death and he don't know how Bitcoin will works for sure the capital will be lost because only you know the transactions and the only one who keep the keys.
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