Topic: How do I use Bitcoin in a country that it is banned? - page 2. (Read 596 times)

if your country ban Bitcoin, this mean you're also break the law of your country and this can bring you to jail.

I know Bitcoin is immune against government and centralized entity since you can send, buy or sell Bitcoin by using P2P or decentralized exchange. But you should accept the risk since you're somewhat do illegal stuff in your country.

IMO you should have a high level of privacy and using mixer to hide it.

Here in India, for couple years central bank banned crypto, we used to do p2p either on online platforms or offline with close friend. Got scammed once as well for about $150.

If you are buying and selling or accessing bitcoin in anyway when your country banned it is a violation of the laws, whether it is okay or what stand we have to take are secondary so first realize that you are violating the laws and be ready to face the consequences.

While you are using bank accounts for buying and selling even via p2p platform still the bank can track the transaction, if there is any transaction has been done with you by someone who is having records of crypto trading then they can connect the dots and banks may ask for source of this transaction when you can't able to provide the source the account will be on hold and that is how these things are happening.

So what is the best way is doing p2p but with someone you know nearby and make sure they don't have any crypto records under their accounts.

Banks will look for the source of the funds. The origin, meaning where does the money come from. If they have banned or have a negative stance towards bitcoin, anything that originates from crypto exchanges, gambling platforms, or any other sites crypto-related will not be accepted. The funds will be sent back or you will get your bank account frozen. It's quite clear what you have to do. Don't use any such centralized platforms to send money to your Nigerian bank account.

Fiat transactions between two Nigerians aren't banned. An individual deposits money into your bank account and you send the coins to their BTC address. The bank can't possibly know the reason for that transaction. Make sure the other party doesn't mention bitcoin or crypto as a reason for the payment. That's it. If you want to avoid banks altogether, meet the other person face to face and carry out the exchange that way. That can create other troubles like the possibility to get robbed or you are given fake bills, but there are ways around that. Meeting in public places during the day and having a friend with you for example. Meeting up in front of the other party's bank, so you can watch them withdraw money from an ATM or the bank counter. That way you know the bills aren't counterfeit. 

When we talk about ban , it means that transactions between bank and crypto exchange will be stopped. This means that you will unable to use your local currency for buying bitcoin and if you have hold bitcoin in your wallet then you will not get cash

I've seen through some posts here that a number of businesses in your country are actually accepting Bitcoin. I remember there was a school, a store, and a gasoline station that accept Bitcoin. So it's probably not very difficult in your case to make use of Bitcoin as a form of payment.

If it isn't possible in your specific locality, then I guess it is enough to keep Bitcoin as a way to store your wealth knowing that Naira has been fast losing a lot of value. You could also make use of Bitcoin for international remittance. It must save you a lot.

If we are taking Nigeria as a case study, I think we can begin to consider to remove Nigeria from the case study because the government of Nigeria is realising their mistakes and trying to please their citizens.
Before now they didn't outrightly ban bitcoin but they ordered banks not to process transactions relating to bitcoin and to freeze any accounts involving cryptocurrency. Banks had to strictly comply to it, but we were still fine in P2P because we learnt not to include anything relating to crypto or bitcoin in the transaction narrations and it worked.

But while the ban is on cryptocurrency billboards are seen in the country, binance sponsoring events in the country and currently the government what's to partner with Binance. We will see the end.

Ideas posted is already good and also try to create some connections where you can do p2p trades to other people who can convert your bitcoin into fiat so that it will be more easier for you to exchange your bitcoin without worrying the government intervention. Finding trusted p2p traders is always choose the best and be vigilant since we already know to many scammers around.

Since I come from a nation (Nigeria) where all forms of cryptocurrency have been abolished, I can probably speak from personal experience when I tell you how I do it. However, you must first realize that not even the government can prevent its citizens from using cryptocurrency completely. Only two pieces of advice come to mind: Don't use cryptocurrency to make purchases from government agencies, even if you have the ability to do so, and only exchange cryptocurrency with other cryptocurrency devotees.

The countries that banned Cryptocurrencies mostly bitcoin have little knowledge or not at all. They banned it with the ignorant knowledge on it. Even some of those countries that banned bitcoin uses bitcoin more than some of the countries that adopt bitcoin. Nigeria as a case study. The uses of bitcoin in Nigeria is very large that even the government know about it but they can not do anything against it. They only stopped their agents (banks) to stopped the transaction process but they can't stop p2p payment and trading process.

My suggestion is that, if your country has banned bitcoin and you are interested to use bitcoin, it is very simple. Just go to Binance, Remitano or any other web or app that vendors are buying and selling BTC. There you can buy and use it to trade or if that option is not good for you, definitely there are people in your country that have bitcoin locate them and ask them to show you road.

If the government could go the extra mile for setting affiliates and traps because of crypto, then it must have been a total ban in the country. This is not in my case. Also, if that is targeted towards tax evaders, I guess it is lame because the best way I believe they can legitimately tax a risky asset like crypto is when a transaction from it is completed through the conversion of crypto to the currency of the country using the bank.

He might not know what we are discussing here because the issue of transacting with banks and mobile banking apps is just the same thing.

Government can as well create a fake account on decentralized exchanges as long as they are paying into your bank account for them to know you. The reason not to use a centralized exchange is because they are centralized, the exchange have control over your coins, depriving privacy and making it not to be possible. Also it is very easy for the government of a country to ban a centralized exchange if compared to a decentralized exchange.

Mobile banking? Commerical banks have mobile banking as well. Which mobile banking are you talking about? Those that deals with e-wallet that are not commerical banks? There is a lot of options in Nigeria. But the use of bitcoin is allowed in Nigeria, only CBN banned it, but Nigerians turned to P2P and no issue.

Let me be sincere about this, Nigerians are making use of centralized P2P successfully. But we know that the centralized exchanges can freeze their customer's fund or block their account due to one reason or the other, but on decentralized exchange, you still have the full control.

Nigeria, for seeing him post on Nigerian local board.

Maybe you should read carefully the regulations from the government regarding Bitcoin, what is prohibited for example using it as a means of payment and so on.
My country only prohibits Bitcoin as a means of payment, meaning that payment transactions with Bitcoin are illegal but I can still have it as a digital asset.
My advice is don't try to violate government regulations, even though having bitcoins can be done without being caught by the government and can make transactions outside of your country because of course the prohibition regulations only cover your country.

You have to distinguish between "using Bitcoin" and "buying Bitcoin". To use Bitcoin, all you need is internet access. To avoid tracking, it's best if you're not behind a Great Firewall and can for instance use Tails. It runs through the Tor network and comes with Electrum pre-installed. As long as you can use Tor, you can use Bitcoin. If you can't use Tor, you may be able to use Tor Bridges or (as a last resort) use a VPN.

I can't really advice on how to buy Bitcoin, P2P options will vary per country. It's risky though: people have been robbed this way.

Even in countries where Bitcoin isn't banned, any "huge inflow" raises questions from a bank.

Cryptocurrency options in government affiliates may be just a trap for those crypto users so that the government knows who is using crypto. Governments that implement this method certainly have the goal of targeting taxes for those who deal with crypto directly.

Dealing with fellow crypto fans is the best way because both are involved in the crypto world and there are no restrictions between crypto fans. it will be a thriving community and make crypto a means of P2P between users, without government interference.

Centralized exchanges that are legalized by the government will certainly have full access to these exchanges and the data of every crypto user will be known to all. this is the government's way of implementing every policy related to taxation so that those users of a centralized exchange can pay taxes. and as a result, the fees used by centralized exchanges will be higher big.

Living in a country where bitcoin is completely banned will be very difficult, but that doesn't mean there aren't other ways to use bitcoin. As the times progressed, crypto began to be known and developed by every country. Regulations are also set as flexible as possible so that they can run side by side with Fiat. Not only looking at the negative side of cryptocurrencies but also looking at the negative side and uses of crypto which will help in developing better payment technologies.

Turning it into a business might not even be the major issue because many people are doing business successfully with it, but not with a huge amount. Those that are being traced and have their accounts banned had huge inflows whether business or not. A case study is a friend of a relative that used Bitcoin to receive payment from abroad instead of bank transfer. He became a victim, though the case is in court.

Don't say that, they will make accessibility frustrating for the citizens. First, they will ensure that android and iOS do not list them as their available apps in addition to the domain banning. The VPN will of course help but I am sure that many will not go through that stress but back out.


Both of you have nailed it best! These are good points, some of the hidden ones that I had thought of as the most viable alternative solutions to P2P that are not often mentioned. Taking it through another route might be a very good one. Taking Skrill as an example, I could fund my dollar bank account directly with it using a low fee with any huge volume provided by earnings is legit.

There is a big difference between a bank banning bitcoin usage and the government banning bitcoin. Correct me if I'm wrong but I haven't found any evidence saying bitcoin is banned in Nigeria, there is only a "statement" by the central bank saying it is which doesn't make it a law. So all it takes to solve the problem is to not directly use the banks. P2P trade only works if you actually send money to the other individual not through some platform like localbitcoins or the centralized binance nonsense.

Non custodial wallets, and if somehow governments ban it, use vpn or something. Regarding accumulating it, i don't recommend it to purchase it as your details might surface, better earn through freelance work like bounties, posting on sites like hive.blog - you could relatively go unknown this way.

To use Bitcoin, you must have a non custodial wallet. Don't use custodial wallet because if you don't own keys, you don't own any coin.

In countries where Bitcoin exchanges to fiat currency is illegal, you will have troubles if your bank transfer for such crypto trade contains information about what you are trading.

However, you can use Peer-to-Peer trading platforms and they will encrypted the information of your trades. When you make a bank transfer, you only have to leave a code for the trade, without details of what that trade is for. It is good to use but if government do something seriously to restrict that platform, and if they give up customer information, trading record to government, you might be in troubles.

This is pretty risky if you are going to deal with someone in p2p exchange and maybe one of them is government anytime they can seize.

I think if you want to withdraw them safely into your bank without worrying about Bitcoin being banned convert them into USD there are some sites that can do that but you need to have accounts like skrill, Neteller, Payoneer, or any digital currencies account where you can able to receive USD after you convert Crypto.
The one who can help you achieve that thing is this https://www.bestchange.com/ I don't how these users above who promote don't mention it.

After you convert them you can now withdraw them and convert USD to your local currency. Just make sure if you find an exchange in bestchange deal only to exchanges that do not sell private information and don't require KYC.