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Topic: How can I survive in a place where BTC is restricted? - page 2. (Read 898 times)

hero member
Activity: 1246
Merit: 534
If you can still use huobii or binance on a smartphone then you can receive money from exchanges, I once withdrawing USDT from the 2 exchanges and about 4 working days I receive in the account, the boundaries from the country will not be able to stop the creative cryptocurrencies community and of course more strong.
there's no place you will stay across the world but you will not have access of cryptocurrency in your exchange or wallet, only thing government can restrict you for is only not to use cryptocurrency to purchase anything or exchange of any physical transaction around the country that bitcoin is not legalised and if cryptocurrency is bum in such country there is another method of assessing a glitter currency wallet if binance is not having the network of cryptocurrency to be visible so you can support your site with a VPN in order to access cryptocurrency no country you cannot have where to buy or peer to peer cryptocurrency transaction.
member
Activity: 319
Merit: 11
If you can still use huobii or binance on a smartphone then you can receive money from exchanges, I once withdrawing USDT from the 2 exchanges and about 4 working days I receive in the account, the boundaries from the country will not be able to stop the creative cryptocurrencies community and of course more strong.
legendary
Activity: 3234
Merit: 1214
Vave.com - Crypto Casino
If BTC is illegal in your country and you're still using it means your are breaking the laws and also you can be charged for criminal activities. However bitcoin is not something like fiat so we don't have our names linked to the bitcoins until we buy from exchange we completed the KYC so you are going to be in need of no KYC p2p platform to crypto <=> fiat conversion and that's it, you will never be in the radar. Wink
People all around the world continue to use bitcoin. Governments weren't able to make a perfect infrastructure to tax cryptocurrencies. If not, by now majority of the countries would've announced officially that bitcoin is legal within the country. See, the above post shows how a user can make use of bitcoin when the government is watching you. However there is acceptance of bitcoin happening in a slower phase as countries that are against bitcoin in the past are legalizing the usage.
hero member
Activity: 1792
Merit: 507
If BTC is illegal in your country and you're still using it means your are breaking the laws and also you can be charged for criminal activities. However bitcoin is not something like fiat so we don't have our names liked to the bitcoins until we buy from exchange we completed the KYC so you are going to be in need of no KYC p2p platform to crypto <=> fiat conversion and that's it, you will never be in the radar. Wink
Well said - the finest way is to find the solution or switch to the local businesses.
I am not sure if at this time people are still investing in crypto - keeping in consideration the inflation around the globe.
sr. member
Activity: 2520
Merit: 280
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If BTC is illegal in your country and you're still using it means your are breaking the laws and also you can be charged for criminal activities. However bitcoin is not something like fiat so we don't have our names liked to the bitcoins until we buy from exchange we completed the KYC so you are going to be in need of no KYC p2p platform to crypto <=> fiat conversion and that's it, you will never be in the radar. Wink
hero member
Activity: 1792
Merit: 507
We need to consider how stringent the restrictions are. If it's a total ban of cryptocurrency, then you're better off not trying to break the rules because you might end up facing a very hard punishment. But if it's just a limitation on local crypto exchange or banks restrictions on crypto activities then you can always use your decentralised exchange and P2P services for your native fiat currency.

There are different forums on the bitcoin talk too. You can check how the locals are dealing with the situation if there are any in BTC.
Otherwise check out from locals how they do it. Think hard about it and get the work done.
member
Activity: 499
Merit: 16
We need to consider how stringent the restrictions are. If it's a total ban of cryptocurrency, then you're better off not trying to break the rules because you might end up facing a very hard punishment. But if it's just a limitation on local crypto exchange or banks restrictions on crypto activities then you can always use your decentralised exchange and P2P services for your native fiat currency.
hero member
Activity: 2856
Merit: 644
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What the state can do is ban sites that are usually related to cryptocurrencies such as exchanges, market analysis and so on, but the government will not be able to ban all sites, including many applications on android, at first I was worried because my government has also massively banned exchange sites, but now I can access it easily via apps like binance, trustwallet and so on.
Well things like this can still happen and indeed when I say restrictions are indeed in the country I live in, it's like that even for Binance we can only open in the Application but cannot open on the Website because there is already a ban there due to some cases with Stupid investment in several trading sites that made almost all trading sites banned in my country. but as you said there is always a way to minimize things like this so that indeed things like this will still continue even if the government prohibits it.
hero member
Activity: 1792
Merit: 507
What the state can do is ban sites that are usually related to cryptocurrencies such as exchanges, market analysis and so on, but the government will not be able to ban all sites, including many applications on android, at first I was worried because my government has also massively banned exchange sites, but now I can access it easily via apps like binance, trustwallet and so on.
If bitcoin is ban in your region. Than you should check from other crypto user how they withdraw their money.
There are regional forums too at bitcoin where people discusses their regional issues and you can discuss yours and get to know more local gamblors.
Good luck \
sr. member
Activity: 1792
Merit: 255
What the state can do is ban sites that are usually related to cryptocurrencies such as exchanges, market analysis and so on, but the government will not be able to ban all sites, including many applications on android, at first I was worried because my government has also massively banned exchange sites, but now I can access it easily via apps like binance, trustwallet and so on.
legendary
Activity: 2184
Merit: 1024
Vave.com - Crypto Casino
Until now my country is still banned cryptocurrencies, many sites related to cryptocurrencies such as coinbase, binance, huobi and so on cannot be accessed via the website, but I have been active in cryptocurrencies since 2015, many things we can do even though we get restricted.

They can't ban it outright, as long as your device has an internet connection then you can use bitcoins through various services, VPN is possibly one of the solutions that I see people using the most.

The only restriction that I see in countries that ban bitcoin is that it cannot be converted to fiat, we cannot directly trade on centralized exchanges for bank transfers, we can use P2P to exchange but we should be really careful otherwise it will be very easy to detect.
member
Activity: 700
Merit: 10
I know that there will always be loopholes for people who are citizens of those anti-crypto countries. They can be creative or thinking outside of the box, but it’ll be tougher for them to live a crypto life in an anti-crypto country like the ones you have mentioned. I can’t imagine myself living in those countries, but thank God I am in one of the crypto friendliest countries in the world.
although there is a way but at least this can hinder the development of technology in the country. and I see cryptocurrencies open up a lot of jobs, so this can be used to prosper the people. actually the best thing is to provide an understanding of crypto to the public, so that they are not wrong in investing. There are many ways that are misunderstood about crypto investing today, so that they are actually harming themselves
hero member
Activity: 2282
Merit: 659
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I know that there will always be loopholes for people who are citizens of those anti-crypto countries. They can be creative or thinking outside of the box, but it’ll be tougher for them to live a crypto life in an anti-crypto country like the ones you have mentioned. I can’t imagine myself living in those countries, but thank God I am in one of the crypto friendliest countries in the world.
hero member
Activity: 1792
Merit: 507
It sounds like can fiat currency kill BTC! I ready doubts about this concept of CBDC and its potential. Most of the country in the world doesn't have the ability and resource to create and maintain their own CBDC. Allowing crypto assets and taxing them is less costly and convenient for the govt than creating CBDC. Also, I do not find many similarities between them expect their use case. So talking about killing one another is irrelevant.
Look for other opportunities as well. There are many successful business. One of my friends lost so much money in crypto - he withdrew all the money and invested in local property
If you are that much interested in crypto - then find a good friend in the other region where crypto is legal and find a good solution...
legendary
Activity: 1554
Merit: 1139
Survining with bitcoin in nations where it isn't allowed isn't much of an issue. We've got P2P to play a role in ensuring that the system stays as discrete as possible. It's for you to play safe by using p2p enabled exchanges to do your transactions. Bitcoin encourages anonymity and you remain as much if you don't go about publicising yourself as a bitcoin or crypto investor.
In most nations of the world, bitcoin or cryptocurrencies isn't welcomed just yet but still, its been used by some without any trouble. One way not to draw much attention to yourself as a crypto investor is in having an actual job. A job that could deflect attention from your other streams (in this case, cryptos) of income and you have a better way of explaining the source of your fortune.
hero member
Activity: 1792
Merit: 507
if you mean a total ban. then it is very difficult. so the choice is that you can only hold it secretly. if you want to sell it can with p2p. although still risky. but I want to ask all of them. If we transact bitcoins from personal wallets to other personal wallets, is there a possibility that our whereabouts can be tracked such as via IP or something?
I'm a beginner, so I still don't know about this. because at first I thought it would be safe as long as we exchanged on foreign exchanges or p2p.
That is correct total ban has no solution - but than again an honest peer can be a great help.
We have paypal not operational in our country - so most of the local have friends in the region where they can make transactions through them.
sr. member
Activity: 910
Merit: 430
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if you mean a total ban. then it is very difficult. so the choice is that you can only hold it secretly. if you want to sell it can with p2p. although still risky. but I want to ask all of them. If we transact bitcoins from personal wallets to other personal wallets, is there a possibility that our whereabouts can be tracked such as via IP or something?
I'm a beginner, so I still don't know about this. because at first I thought it would be safe as long as we exchanged on foreign exchanges or p2p.
legendary
Activity: 2646
Merit: 1106
DGbet.fun - Crypto Sportsbook
I am thinking if your country tracks down BTC users or those who transact bitcoin discreetly.  If your government does that, I won't suggest using VPN or any tools that bypass restrictions.  Doing such a thing will make your life miserable in jail or can confiscate your earned BTC plus a criminal case and fine.  If you have enough funds to move out of your country then do it and look for a place where BTC is welcomed.
That is quite true. I mean if you use VPN to do that, it would mean that you are hiding doing something illegal and the government would punish you for it. By that logic, you could secretly do anything illegal and hope not to get caught, like for example drug dealers make SOOOO much money, why are we not all together become a drug dealer?

Because (well outside of health reasons) it would mean we would be jailed, why do something that you could get jailed for? Makes no sense to me at all. This is why it is quite important w realize VPN or not, if it is illegal, then stay away from it. That is what I would do but this is of course an individual decision for each person.
It is must to abide with the laws and policies that are being followed within the country. Whether it is cryptocurrency or something else, because when you make a plan to go against the law we're getting ourselves into trap. Moving to a crypto friendly country is the better option. More countries that are against the usage of cryptocurrency are now making welcoming statements. But, the recent crash have made them worried and think. So, you can hold your cryptocurrencies and wait. Maybe your country too can take a positive decision on cryptocurrency usage.
hero member
Activity: 2646
Merit: 582
Leading Crypto Sports Betting & Casino Platform
I am thinking if your country tracks down BTC users or those who transact bitcoin discreetly.  If your government does that, I won't suggest using VPN or any tools that bypass restrictions.  Doing such a thing will make your life miserable in jail or can confiscate your earned BTC plus a criminal case and fine.  If you have enough funds to move out of your country then do it and look for a place where BTC is welcomed.
That is quite true. I mean if you use VPN to do that, it would mean that you are hiding doing something illegal and the government would punish you for it. By that logic, you could secretly do anything illegal and hope not to get caught, like for example drug dealers make SOOOO much money, why are we not all together become a drug dealer?

Because (well outside of health reasons) it would mean we would be jailed, why do something that you could get jailed for? Makes no sense to me at all. This is why it is quite important to realize VPN or not, if it is illegal, then stay away from it. That is what I would do but this is of course an individual decision for each person.
member
Activity: 336
Merit: 41
Don't:
Don't use centralized exchange
Don't link your address with any services e.g. gambling, lending, investment platform etc

Do:
Use decentralized exchange e.g. bisq
Buy a gift card using Bitcoin without link your identity
Use Tor to hide your IP address for searching any Bitcoin stuffs
Use a mixer e.g. Chipmixer to concealing your tainted coin for better privacy

Even your countries isn't ban Bitcoin, but you should be worry since government can do anything to ban or unban if they want. So you need to be prepare when the worst happen on your country about Bitcoin legality especially you live in the country where Bitcoin legality is still grey area.
Ever since the government of my country declared a ban on cryptocurrency trading entirely, many people I know end up taking the decision of patiently holding their coin until the ban is probably lifted maybe, when a new government that is cryto friendly comes into power. For they feel they can't keep up with especially the kind of don'ts you have just listed above.

But then I ask myself for how long can they be able to exercise such patience. What if the next government in power still stick to such ban as it's predecessor?
For people like us that stuck to our guns in still trading in cryto despite the ban, I must say it hasn't been that easy!
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