Buying Bitcoin from a 3rd world country ( Algeria ) - page 2.

vinilyxneez

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Quote from: Catenaccio on July 10, 2024, 02:07:57 AM

Quote from: vinilyxneez on July 10, 2024, 12:40:14 AM

So I am in Algeria and I am trying to buy Bitcoin in my country

Bitcoin is for everyone but to avoid legal problems with government, you need to check legality status of Bitcoin in your country.

Some world maps for Bitcoiners with several websites for Bitcoin Legality Map.
https://newhedge.io/terminal/bitcoin/legality-map
https://coin.dance/poli/legality
https://www.atlanticcouncil.org/programs/geoeconomics-center/cryptoregulationtracker/

According to these maps, Bitcoin is Illegal in your nation so you need to be more careful with any further steps. You can use no KYC exchanges to purchase or sell bitcoin but in a country with Illegal status for Bitcoin, it's more risky than in other nations.
https://kycnot.me/

Hello ,

So joined some Algerian crypto forums they said to me you can buy USDT from binance using the p2p platform but having to be careful , not a lot of people had problems with it but we never know on who the government will strike .

vinilyxneez

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Quote from: 348Judah on July 10, 2024, 02:05:12 AM

It's not a must that you make use of your credit card in getting bitcoin, there are other means through which we can have bitcoin, make use of the p2p platforms to do this, such could be an exchange or you can make engage the service of a physical bitcoin holder intending for an exchange service or get to contact some escrow service providers from from this forum who are also trusted, by this you could buy or invest.

So yesterday I checked how to buy Bitcoin using the p2p platform and yes I am able to do that ! there are some sellers on binance that will sell me ustd and I will just have to send them money with bank transfer , I will test this !

vinilyxneez

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Quote from: slaman29 on July 10, 2024, 03:02:55 AM

I thought Algeria had cards, not Visa or Mastercard but I'm very sure my friend used Revolut there.

I know lots of people P2P as mentioned who accept Revolut as payment to sell BTC, I am almost 100% sure you can find someone even if you just open Binance P2P (just open random account no need KYC and just browse offers and ask).

I'm Googling now and I can find a few.

Use Remitano. It works in Asia and I see it accepts Algerian dinar.

Yes we do have a card that only work in some websites that the government made , ( we do use some techniques to open revolut accounts , or wise bank account and put money in them to then buy with it ) but the card that out government made ( DAHABIA ) we are not able to use it on websites like binance.

SquirrelJulietGarden

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Quote from: Potato Chips on July 10, 2024, 06:13:24 PM

That's a good point! though in case of paxful, KYC is mandatory and they can also pull out logs of whatever information they got from their users.

Quote from: https://support.paxful.com/support/solutions/articles/150000104290-limits-and-verification

All users must process email, phone, and ID verification before they can use their wallets and start trading on our platform.

I guess they changed their kyc policy recently? IIRC, they used to have some countries with no mandatory kyc. I could be wrong though lol

Quote from: Findingnemo on July 10, 2024, 10:44:51 AM

I would suggest you to go with paxful Algeria where not much of active offers are available but I can see some decent trading volume so if you have bank account you can buy from them and it's going to be expensive than the market price for sure like 5-10%.

Paxful had to change after DOJ knocked their doors.

Paxful got CEO change in 2023 and some days ago, they got a suit from DOJ.

Paxful co-founder Schaback faces 5 years jail, admits AML failure

Quote

TBH, if crypto was banned in my place, I don't think I would risk it with centralized exchanges unless it's no-kyc and has end to end encryption for their chats. It depends on one's risk appetite i guess. Some places can be lax when it comes to enforcing their laws though you'd be playing with chances.

It is your possible choice now but how will it be in future?

DOJ will only expand their targets and no CEO of any platform wants to face jail by guilty of failure in AML.

slaman29

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Quote from: SquirrelJulietGarden on July 10, 2024, 09:38:42 AM

Quote from: slaman29 on July 10, 2024, 03:02:55 AM

Use Remitano. It works in Asia and I see it accepts Algerian dinar.

Remitano requires KYC and it's fine only if you are ready with KYC.

If you dislike KYC and are not ready to submit documents for KYC, choose non KYC platforms like Noones. Noones is like a split brand from Paxful and it focuses on Global South and Algeria belongs to Africa continent.

https://noones.com/

Yeah but OP needs an option to buy in Algeria, he didn't say anything about KYC. Don't think that's his problem. BTW, all P2P except Bisq is gonna eventually go for KYC, even HodlHodl. Noones looks nice but if it doesn't have its own software, it's gonna go down KYC route some day trust me.

Anyway I suggested Remitano because I use it (also like you said for Noones focus on South), and when I checked, it had Algerian dollars listed. Noones looks like it has a lot too

Zlantann

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Quote from: vinilyxneez on July 10, 2024, 01:38:28 AM

Unfortunately , my country banned Bitcoin from it ( freaking alergic to technology ) , I will try your technique tho . Thank you for it

And if you have any other advice , like finding Algerian sellers to buy Bitcoin with cash I would like that !

Just checked and most North African countries including Algeria have criminalized buying, selling, or owning cryptocurrencies. This means if the government knows about your transactions you can face penalties. Although many exchanges still operate in your country I am not comfortable with you giving out your personal information because of KYC requirements. I doubt if there is an Algerian in this forum, I might also be wrong. But P2P on a decentralized exchange would have been a good option or you can check the exchange section of the forum. You can use an escrow service to buy from a trader on the forum. We have some reputable members who offer escrow services. If you convert your local currency to USD, you might find someone who will be willing to trade with you.

DarkState

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You can easily buy Bitcoins through Binance's P2P trade. No credit or debit card required. You may find your local payment method. What you need to do is first open an account on Binance and then verify the KYC with all the information including the phone number. Then you can go to the P2P trading section and purchase bitcoins. P2P trading seems the easiest way to me. You can try it.

Yatsan

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Quote from: vinilyxneez on July 10, 2024, 12:40:14 AM

Hello everyone ,

So I am in Algeria and I am trying to buy Bitcoin in my country , since we don't have credit cards or debit cards ( yes we don't have that it's a 3rd world country ) I am blocked at this step .

I don't have a Credit Card or debit card so I can't buy from crypto exchanges , and most of sellers ( Instagram pages ) are scammers that don't even know what a Bitcoin is ( btw I talked to an Instagram page he was like Bitcoin is pretty expensive it's 30$ LOOOOL )

So I am trying to find Algerians who could sell me Bitcoin , or anyone who has a solution I would love it .

Thank you for reading this.

Try checking on how did others manage to buy Bitcoin in your area, for sure debit and credit cards are not the only way to do so. I am also living in a third world country but we do have access on other ways such as third party wallets that are partnered with exchangers which allows me to invest. As long as there are other people who managed to invest, then for sure things aren't restricted in your area and that there are other ways for you to check regarding this concern. Never settle for p2p on social media platforms. Exchangers are the best way and you just have to figure out what would work in your situation. I assume Bitcoin is banned from your country, but restriction varies I believe. Not supporting this technology is different from fully restricting its usage and the proof to this are some people in your country who have Bitcoin and other crypto holdings.

uchegod-21

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Quote from: Findingnemo on July 10, 2024, 10:44:51 AM

Quote from: vinilyxneez on July 10, 2024, 01:38:28 AM

Unfortunately , my country banned Bitcoin from it ( freaking alergic to technology ) , I will try your technique tho . Thank you for it

And if you have any other advice , like finding Algerian sellers to buy Bitcoin with cash I would like that !

People suggested Binance p2p but it's risky cause you said it's banned so government can pull out logs from these trading platforms at any time so you are risk of facing legal charges.

I would suggest you to go with paxful Algeria where not much of active offers are available but I can see some decent trading volume so if you have bank account you can buy from them and it's going to be expensive than the market price for sure like 5-10%.

It is just to know actually what the Algerian government banned. Did they actually ban bitcoin jr transactions of cryptocurrency with their banks? This was the situation with my country Nigeria, many people thought that the government actually banned cryptocurrency but knowing that it was the transaction they banned. If bitcoin is banned in Algeria, you wouldn't see any exchange list their local currency. He should use a reputable exchange or create a trade thread, he will see someone interested from his locals.

Potato Chips

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Quote from: Findingnemo on July 10, 2024, 10:44:51 AM

People suggested Binance p2p but it's risky cause you said it's banned so government can pull out logs from these trading platforms at any time so you are risk of facing legal charges.

I would suggest you to go with paxful Algeria where not much of active offers are available but I can see some decent trading volume so if you have bank account you can buy from them and it's going to be expensive than the market price for sure like 5-10%.

That's a good point! though in case of paxful, KYC is mandatory and they can also pull out logs of whatever information they got from their users.

Quote from: https://support.paxful.com/support/solutions/articles/150000104290-limits-and-verification

All users must process email, phone, and ID verification before they can use their wallets and start trading on our platform.

I guess they changed their kyc policy recently? IIRC, they used to have some countries with no mandatory kyc. I could be wrong though lol

TBH, if crypto was banned in my place, I don't think I would risk it with centralized exchanges unless it's no-kyc and has end to end encryption for their chats. It depends on one's risk appetite i guess. Some places can be lax when it comes to enforcing their laws though you'd be playing with chances.

Findingnemo

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Quote from: vinilyxneez on July 10, 2024, 01:38:28 AM

Unfortunately , my country banned Bitcoin from it ( freaking alergic to technology ) , I will try your technique tho . Thank you for it

And if you have any other advice , like finding Algerian sellers to buy Bitcoin with cash I would like that !

People suggested Binance p2p but it's risky cause you said it's banned so government can pull out logs from these trading platforms at any time so you are risk of facing legal charges.

I would suggest you to go with paxful Algeria where not much of active offers are available but I can see some decent trading volume so if you have bank account you can buy from them and it's going to be expensive than the market price for sure like 5-10%.

legendbtc

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Quote from: bitterguy28 on July 10, 2024, 07:30:50 AM

am also from a third world country but we can purchase any crypto without the need of credit or debit card i am unfamiliar with the kind of payments you have in your country but we have multiple ones aside from a bank so it is relatively easy to purchase some crypto in a lot of exchanges

it will only be difficult if bitcoin is illegal in your country and in which case not a lot of people may be so willing to break a few rules with you

upon checking the local board here in the forum i do not think there is one for your country which i am guessing shows that there are not much bitcoin users in your country that will definitely make your purchasing of btc harder

Algeria not having a local board on our forum does not mean there are no bitcoin users from OP's country. Our forum is the oldest bitcoin forum but it is not the largest nor does it represent any country. Bitcoin has become very popular and spread all over the world, buying bitcoin today has never been difficult, even in countries that ban bitcoin. What makes it difficult for someone to buy bitcoin is their lack of knowledge about bitcoin.

I just tried searching about being able to buy bitcoin from OP's country and I found this article, I don't find it difficult to buy bitcoin from Algeria even though bitcoin is banned there.

https://www.bitrawr.com/algeria

SquirrelJulietGarden

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Quote from: slaman29 on July 10, 2024, 03:02:55 AM

Use Remitano. It works in Asia and I see it accepts Algerian dinar.

Remitano requires KYC and it's fine only if you are ready with KYC.

If you dislike KYC and are not ready to submit documents for KYC, choose non KYC platforms like Noones. Noones is like a split brand from Paxful and it focuses on Global South and Algeria belongs to Africa continent.

https://noones.com/

bitterguy28

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am also from a third world country but we can purchase any crypto without the need of credit or debit card i am unfamiliar with the kind of payments you have in your country but we have multiple ones aside from a bank so it is relatively easy to purchase some crypto in a lot of exchanges

it will only be difficult if bitcoin is illegal in your country and in which case not a lot of people may be so willing to break a few rules with you

upon checking the local board here in the forum i do not think there is one for your country which i am guessing shows that there are not much bitcoin users in your country that will definitely make your purchasing of btc harder

dzungmobile

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Quote from: Marvell1 on July 10, 2024, 06:53:26 AM

Just because your government bans bitcoin and cryptocurrencies doesn't mean you can't buy bitcoin on centralized exchanges like Binance, you just can't unless those exchanges don't support your country. These 2 things are completely different.

You can use centralized exchanges with or without KYC, decentralized exchanges, Peer to Peer marketplaces if the government does not ban these websites in your country.

But the bottom line is if government has a ban on Bitcoin and cryptocurrency in your country, if you do anything that let them know you are exchanging fiat currency to Bitcoin and cryptocurrency, I bet that you will be on their radar and likely receive not 'sweet, happy' punishment from government and bank that is under government control.

Help: A list of LocalBitcoin alternatives (P2P marketplaces)

Marvell1

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Quote from: vinilyxneez on July 10, 2024, 01:38:28 AM

Unfortunately , my country banned Bitcoin from it ( freaking alergic to technology ) , I will try your technique tho . Thank you for it

And if you have any other advice , like finding Algerian sellers to buy Bitcoin with cash I would like that !

Just because your government bans bitcoin and cryptocurrencies doesn't mean you can't buy bitcoin on centralized exchanges like Binance, you just can't unless those exchanges don't support your country. These 2 things are completely different.

As Oshosondy said, most centralized exchanges are usable from your country. And if you want to ensure your privacy then P2P is the solution but there is also a risk because the seller can reveal your identity and you will be in trouble because as you said, your government bans bitcoin. If you have difficulty finding direct bitcoin buyers and sellers, I think you should use centralized exchanges for more assurance.

slaman29

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I thought Algeria had cards, not Visa or Mastercard but I'm very sure my friend used Revolut there.

I know lots of people P2P as mentioned who accept Revolut as payment to sell BTC, I am almost 100% sure you can find someone even if you just open Binance P2P (just open random account no need KYC and just browse offers and ask).

I'm Googling now and I can find a few.

Use Remitano. It works in Asia and I see it accepts Algerian dinar.

Helena Yu

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As long as the banks in your country still operated and they can send money to international banks, you can buy Bitcoin. Or you can use centralized payment providers like Western Union, Wise, etc.

Quote from: Frankolala on July 10, 2024, 01:52:26 AM

Binance exchange have your currency p2p trades that are from Algeria. Bitcoin is not fully banned in your country and citizens can trade bitcoin in your local currency.

This is a trap by Binance, they can accept Algerian because their regulation didn't ban Algeria, but Algeria's government ban Bitcoin. So, if @OP trade using Binance, Binance will make money, but @OP is taking risk to being jailed.

Davidvictorson

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Quote from: Oshosondy on July 10, 2024, 01:51:38 AM

What should be said have been included on the previous posts. Register on Binance or OKX or Bybit. I have also checked Bybit now and I saw DZD which is the Algerian Dinar. I am seeing the currency on all the exchanges that I am checking. After you get verified on any of those exchanges, go to P2P and the currency would be DZD by default or you can change it to DZD. You will see many buy and sell DZD ads which you can click on to proceed to trade.

Oshosondy's description of how to use the P2P on Bianance, OKX, and ByBit, makes me to remember when the central bank in my country, Nigeria, issued out circular to the other banks to cease any transactions using debit cards or bank transfers. Well, we the residents of the country had to switch to using the P2P on these exchanges. And this is exactly what we did. Initially, it was uncomfortable because we were concerned about the security risks of doing transactions with a stranger but once we knew that the centralized platforms though not perfect had put things in place to reduce scams, we become comfortable with it. I know this story is the same both for us in Nigeria, Algeria, kenya and so many other countries where oppressive regimes against bitcoin still exists.

Catenaccio

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Quote from: vinilyxneez on July 10, 2024, 12:40:14 AM

So I am in Algeria and I am trying to buy Bitcoin in my country

Bitcoin is for everyone but to avoid legal problems with government, you need to check legality status of Bitcoin in your country.

Some world maps for Bitcoiners with several websites for Bitcoin Legality Map.
https://newhedge.io/terminal/bitcoin/legality-map
https://coin.dance/poli/legality
https://www.atlanticcouncil.org/programs/geoeconomics-center/cryptoregulationtracker/

According to these maps, Bitcoin is Illegal in your nation so you need to be more careful with any further steps. You can use no KYC exchanges to purchase or sell bitcoin but in a country with Illegal status for Bitcoin, it's more risky than in other nations.
https://kycnot.me/

Topic: Buying Bitcoin from a 3rd world country ( Algeria ) - page 2. (Read 468 times)