There must be a lot of ways if you want to find a way, like the one mentioned above and one you think can do it too.
and my way is if government ban bitcoin or crypto, just transfer your crypto assets to International exchange and try to open bank account in any foreign bank.
and nowadays even tourists can open bank accounts easily in any country, and in this way, you can easily move assets in your pocket. The process is a little longer but if you want to gain something you have to lose something.
Topic: How can I survive in a place where BTC is restricted? - page 5. (Read 880 times)
I think most of them have already understood the loop holes. Bitcoin can be restricted but it’s on paper with legal restrictions and shit but I don’t think people can be restricted from accessing it over the “internet”. This thread alone states bunch of option to access it Like VPN.
One can connect for a while, transfer the cryptos to hardware wallets and shook about it. It’s easy formula to follow. And then comes p2p option to trade with foreign people so that funds can be wired securely. Seems hassle free.
One can connect for a while, transfer the cryptos to hardware wallets and shook about it. It’s easy formula to follow. And then comes p2p option to trade with foreign people so that funds can be wired securely. Seems hassle free.
What you say is true, I have a friend who lives in a country where the use of Bitcoin is illegal. But my friend can still have Bitcoin and can also make
Bitcoin transactions. Because the government can ban its citizens from using Bitcoin, but there is always a way to still be able to use Bitcoin.
Even if we type keywords in Google search engine, to find out how to use Bitcoin in a country that prohibits Bitcoin, many articles will appear
explaining it. Now information is very easy to get, so there is always a solution for every problem that occurs.
I think most of them have already understood the loop holes. Bitcoin can be restricted but it’s on paper with legal restrictions and shit but I don’t think people can be restricted from accessing it over the “internet”. This thread alone states bunch of option to access it Like VPN.
One can connect for a while, transfer the cryptos to hardware wallets and shook about it. It’s easy formula to follow. And then comes p2p option to trade with foreign people so that funds can be wired securely. Seems hassle free.
I agree, since it can't be really traced (could be, but would take a big workload and why would governments do that), there is really no way to completely ban it. This is why there are nations that tried to ban it first, but then made it legal. Why would you make something legal when you wanted it banned just a year ago? They realize that there will be a ton of dark market p2p crypto exchanging anyway, so might as well make some tax profit from it instead and make it legal.One can connect for a while, transfer the cryptos to hardware wallets and shook about it. It’s easy formula to follow. And then comes p2p option to trade with foreign people so that funds can be wired securely. Seems hassle free.
This is why you could be from a nation that banned crypto or limited or restricted, but it is obvious that when your nation or where you are ends up seeing profits from taxing it could bring, they will not only legalize it, but support it.
Most of the countries that we see have already restricted bitcoins and other cryptocurrencies so some things that people do to survive is :
1. Trade through international bank accounts
2. Try and use VPN wherever possible
3. Not use your ID even if they ask and OPT for wallets not requiring them
4. Ensure you are able to file a PIL against the laws restricting you the usage of Bitcoins, PIL is basically Public interest ligation which would work if you have tons of supporters of Bitcoins as well.
5. Try and look for alternatives or move to some other country.
1. Trade through international bank accounts
2. Try and use VPN wherever possible
3. Not use your ID even if they ask and OPT for wallets not requiring them
4. Ensure you are able to file a PIL against the laws restricting you the usage of Bitcoins, PIL is basically Public interest ligation which would work if you have tons of supporters of Bitcoins as well.
5. Try and look for alternatives or move to some other country.
I think most of them have already understood the loop holes. Bitcoin can be restricted but it’s on paper with legal restrictions and shit but I don’t think people can be restricted from accessing it over the “internet”. This thread alone states bunch of option to access it Like VPN.
One can connect for a while, transfer the cryptos to hardware wallets and shook about it. It’s easy formula to follow. And then comes p2p option to trade with foreign people so that funds can be wired securely. Seems hassle free.
One can connect for a while, transfer the cryptos to hardware wallets and shook about it. It’s easy formula to follow. And then comes p2p option to trade with foreign people so that funds can be wired securely. Seems hassle free.
Peer to peer(P2P) transactions is one of the ways to go if you are in a country where its illegal to own or use bitcoin.
My country is a good reference point of what I am talking about, the government of my country ones made it illegal to own or transact in bitcoin, all banks were instructed to report any bitcoin or crypto currency related transactions, in the end, we all resorted to peer to peer,, all we do is to make sure we don't include anything that has to do with bitcoin or crypto in our payment description/reference note when transferring or sending money to the other party.
The above is one of the ways to survive in a country where bitcoin and cryptocurrencies are restricted.
YES - that is the possible solution. Mostly people use this peer to peer transaction option. My country is a good reference point of what I am talking about, the government of my country ones made it illegal to own or transact in bitcoin, all banks were instructed to report any bitcoin or crypto currency related transactions, in the end, we all resorted to peer to peer,, all we do is to make sure we don't include anything that has to do with bitcoin or crypto in our payment description/reference note when transferring or sending money to the other party.
The above is one of the ways to survive in a country where bitcoin and cryptocurrencies are restricted.
In my country where paypal is also available - people used peer to peer transactions. So its good to find alternative solution as per local laws.
~snip~ If you can not survive in a country due to a Bitcoin ban, maybe it is time to move to another country instead. Or travel every now and then specifically to do your Bitcoin business somewhere else where Bitcoin is not banned, or if you have the balls then risk it and try to stay undercover in a country that may end up torturing you and destroying your life for it.
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Indeed, every country has different policies. But the friend above has shown several ways to keep transacting Bitcoin and other cryptos. In fact, I don't even read much about China at the moment. But I heard that many of them go to other areas to still be able to make crypto transactions. -
Maybe you can replicate it, but if your costs will exceed your assets then think about it. I think people who dare to move because their assets and future mas depend on crypto. Perhaps using a VPN, MIxer, DNS is the cheapest alternative so you can transact in a country that prohibits you, although legal risks may await you if they are aware of your activities
No matter how serious or severe the law about Bitcoin in any country. Whether total ban or partial ban. If an individual use a non custodian wallet, use Tor or vpn to access internet such that their ip is hidden totally and maybe use cold wallet to save Bitcoin or restrict his device only within his house. How will the government be able to know that the fellow owns Bitcoin to come after him?
I am of the opinion that anyone who applies all that is needed can own Bitcoin silently and anonymously without the government of the country being aware of it.
I am of the opinion that anyone who applies all that is needed can own Bitcoin silently and anonymously without the government of the country being aware of it.
While there are countries who have embraced or tolerated BTC since it's emergence in 2008, there seem to be some who are adamant about it because of its high volatility rate and the ability to conduct nefarious activities with it.
Volatility and illicit activities bitcoin is being used for isn't enough reason for lack of adoption by those countries that does not support the use of it for their payment service, what bothers them most is their inability to have mastery over it, those countries only discourage the use of it and avoided thier financial institutions from using it but individuals use cannot be place on ban because bitcoin is decentralized and one can easily make use of p2p for making transactions, while other countries places ban in other to succeed with the launch of their CBDC, country like China can only exercise threat on centralized exchange, mining rigs and many other cryptocurrencies related industries and as for bitcoin, it is best done with full privacy by running a full node or using a decentralized exchange wallet and using p2p for subsequent transactions.
There are many more countries who have taken this step. My question now is, how do citizens who have BTC and reside in areas that are not crypto friendly cope?
If that's the case, it's best to keep your bitcoins and not try to sell them, as that will cause you problems. While you keep your bitcoins, you should keep trying to make money in other ways so that you can still earn while waiting for the time to sell your bitcoins legally. At least that's what you can do now, and don't tell anyone that you own bitcoins. I am sure you don't want to get any problems because of owning bitcoin, so that will be how you can do it.
if you live from china, you can use a VPN to get around this ... because most Chinese people use VPN for their transactions ... but it will be a little difficult if you want to convert BTC to YUAN or vice versa
Don't worry, currently there are so many countries that are Bitcoin restricting, including my Banned Bitcoin country, but that doesn't make me stop for Invest Cryptocurrencies, in my country Banned Many sites related to Cryptocurrencies such as Binance, Huobi, HitBTC, Crypto.com And so on, but I can still access the application on a smartphone and of course free to receive USD in the account, I usually receive about 4-7 days after I withdraw.
There are many more countries who have taken this step. My question now is, how do citizens who have BTC and reside in areas that are not crypto friendly cope?
If that's the case, it's best to keep your bitcoins and not try to sell them, as that will cause you problems. While you keep your bitcoins, you should keep trying to make money in other ways so that you can still earn while waiting for the time to sell your bitcoins legally. At least that's what you can do now, and don't tell anyone that you own bitcoins. I am sure you don't want to get any problems because of owning bitcoin, so that will be how you can do it. 
Wow! Are you actually looking for tips to break the law of countries banning Bitcoin? That's a bid odd. If you have bitcoin and you stay in an area where it is banned, you can simply take a plane or trip to a place where bitcoin is not banned and use your bitcoin. At least, you will be on the right side of the law. If you stay in area where bitcoin is banned and you take all these people advices and eventually get caught, the expenses you will incure will be greater than a simple travel. Even binance exchange was founded in China. When china issued such ban on crypto, they simply moved their headquarters to cayman islands. Such individuals can do the same. Don't break the law
https://en.m.wikipedia.org/wiki/Binance
A good option is to simply hold your coins, we know that one day bitcoin could be legal and the next day it could not depending on the mood of a small number of politicians, it is because of this it is important to always retain your privacy, however even if at some point bitcoin becomes illegal where you live you can just keep holding it, if you never revealed to anyone you have it then no one will be looking for you, and once bitcoin becomes legal where you live then you can begin to use it again. https://en.m.wikipedia.org/wiki/Binance
To survive with your BTC in restricted countries it means you should avoid services that will link your address. The most tempting is funding centralized services directly from your decentralized wallet. The easiest way to track address has been through centralized exchanges since the have the KYC of their customers so staying as decentralized as possible or avoiding any direct link to centralized services with your wallet will be just fine
It's either you follow the law of your government and know that your safe and out of possible criminal activity or you don't. You might still be able to hold and use btc or other crypto however it will be harder for you to do a transaction. Also, there's a chance that you might get caught in the process if you are not careful enough.
Again, you will still be able to use and hold cryptocurrency. Your main problem is doing transaction with it especially selling it for fiat or even doing P2P. Another issue are website that also restrict access on these countries as your funds may not be available once they've detected your from an illegal country.
Again, you will still be able to use and hold cryptocurrency. Your main problem is doing transaction with it especially selling it for fiat or even doing P2P. Another issue are website that also restrict access on these countries as your funds may not be available once they've detected your from an illegal country.
It's an interesting question, because in few years more of us can be in a situation like this in our countries where there aren't specific laws for bitcoin and crypto yet. There isn't much to do: or you use it illegally taking the risks of being harassed, blackmailed, fined and persecuted by authorities, give up on crypto and throws on the garbage your financial life becoming a slave of the local system forever or you move on to a friendly crypto country.
The latter option is the best, but I imagine it's hard to go to an entirely new country where you don't know anyone, without any guarantees, opportunities or a sure place to start your new life.
The latter option is the best, but I imagine it's hard to go to an entirely new country where you don't know anyone, without any guarantees, opportunities or a sure place to start your new life.
I guess you need to move on and find another way to spend your Bitcoin (if you have) like converting them to fiat money. Otherwise, you will never enjoy them as possible it will be seized by the authorities if they know about you.
Well, some had made their decision to transfer their residency to other places where Bitcoin is legal but I'm not suggesting it. That is why I'm saying, you have to forget about crypto, about Bitcoin. We can still make a living without Bitcoin so we can still survive despite everything.
Well, some had made their decision to transfer their residency to other places where Bitcoin is legal but I'm not suggesting it. That is why I'm saying, you have to forget about crypto, about Bitcoin. We can still make a living without Bitcoin so we can still survive despite everything.
Have a decentralized wallet or hard wallet, and if you have good amount of Bitcoin you can travel abroad and use your Bitcoin there. Living on those restricted countries is really hard and you can’t do anything about that aside from following their laws or else you will face consequences. Just keep it to yourself and safely secured your wallet, time will come and they make that legal in the future, they can’t just ignore Bitcoin.
Each country does have their own takings and perceptions into different things specially we do talk about Bitcoin or crypto as a whole which there would be places who
would fully accepted it and there are who would completely ban it thats why it would be not that good to experience or deal with crypto if its banned.
So lucky for those who had lived on a country which does have good impressions and taking about bitcoin or crypto as a whole.
You could really be that confident on dealing with something which isnt banned or prohibited.
would fully accepted it and there are who would completely ban it thats why it would be not that good to experience or deal with crypto if its banned.
So lucky for those who had lived on a country which does have good impressions and taking about bitcoin or crypto as a whole.
You could really be that confident on dealing with something which isnt banned or prohibited.
the OP has not mentioned what country he is coming from. so we don't know what kind of restrictions they have in terms of crypto market. is it total ban or just crypto businesses such as local exchange is not permitted to operate? are they allowing their people to hold crypto and use at their own risk? it depends on the level of restriction here. because if he can use the p2p method, there are several reputable sites to convert his crypto to fiat.
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