Topic: How to trade certain coins if you are country restricted? - page 2. (Read 287 times)

P2p is one of the way for trading or buy/ sell cryptocurrency with local Fiat money. But in this case if both people are forum users then their account will be connected through blockchain translation. And two accounts will be counted as multi. Where the use of two accounts is not permitted under the rules of the forum. Again, if the transaction record is not considered as multi, then the real multi-users will be able to use multiple account easily. What do you think is the solution?

Yeah i have seen many situations and many people falling in these situations many times.
What you can do is contact someone trusted who is able to use the exchanges, and sell them your coins.
You can do these in many P2P exchanges (i guess other members have already mentioned about it).
Moreover you can also trade them here in the forum in Currency Exchange section.
Yes the prices you won’t get as you are getting in direct exchanges.
Hope this helps you OP.

Trading other altcoin restricted in your country does not have to be a nightmare,  you can look for third party and transact with an escrow,  or you may move to jurisdiction where you are free and allow to trade such coin.  I remembered I have had to move from UK to other country to trade my bitcoin once!

Suppose you can use Atomic Wallet, Jaxx, Coinomi or other multi wallets. You can use the build in exchange inside the wallet to send your bitcoin and sell your bitcoin to altcoin or vice versa and then send the profit to your coinbase or Gemini and withdraw the profit. That will be simple for you as you do not have to register to the DEX and you only need to use your phone to trade.

Sorry to hear that dude about your situation there where you can't able to make some trading activity.
The only thing I can suggest you to do for now is P2p I guess first thing you must use for this matter or I heard some
of the people like you where they're country was restricted too like yours but even is like that, they can still do trade
through using VPN.

[BIG LIST] Buy/Sell Crypto (OTC, P2P, DEXs, CEXs, NO-KYC, ATMs, etc.)
Help: A list of LocalBitcoin alternatives (P2P marketplaces)

P2P exchanges are best but you have to withdraw your coins to your non custodial wallets after you finish your buying trade. Not all P2P exchanges are truly decentralized and if your account get restricted, you will not be allowed to withdraw your coin.

Peer to peer exchanges that don't require AML/KYC has existed for a while now. Of course, don't expect prices to be as tight as with exchanges like Binance, but yea, privacy > better prices.

https://localcryptos.com/
https://hodlhodl.com/
https://bisq.network/

there's still some exchange that you can use without any KYC requirements such latoken , but you know there's a certain coins to trade only as well within that platform, and also there's a swap sites where you still can trade your coins, and for me probably that's the good option if you have such issue in your country., wherein you can connect your wallet to the site and you can use their swapping service without any requirements, but remember to fill your wallet for gas fees because its needed..

If you are living in a place where exchange is restricted from trading coins due to the regulations then you have only one option which is p2p, it can be either a p2p trading platform or find someone in an online forum to trade them for BTC then with the help of escrow, you can complete your trade safely but it may be expensive than trading on centralized exchanges.

We have such services in their numbers on the forum, do well to verify if you're trading with a genuine trader and not some scammer before sending them your coins.

To make things easier you can drop a request on my exchange service thread BrainbossXchange Service {BTC/NGN Altcoins/BTC/Stablecoins}, and I'll gladly trade those coins for you and send you the coins of your choice.

What happens if you have a coin and you can no longer trade it because the exchanges that offer the option to trade... you cannot use it due to country restriction or some other similar issue?  Such as you cannot get an account there for whatever reason it maybe?


For example, soon I will only be able to use only coinbase/gemini because im a US Citizen and because many other exchanges like kraken and binance.us ... i can't use due to the state where im from. 


So for example, when i look at a coin like BNB... which is a very popular coin on binance and binance.US, how in the world would i sell this coin if i can't use those exchanges?


I got to assume lot of people have been in this situation?


Of course if you know this situation will happen, best to sell the coin while you can so you don't have the issue.




So what are one's options?  Imagine you had BNB or another altcoin and the exchanges that you allow you to trade it... you cannot have an account there.  Are you screwed?  I assume you could always find someone online who would help you sell it so to speak for a fee?  Like imagine you give them BNB and they pay you via btc or stablecoin and you pay them extra to help you sell the coin since you cannot have an account at the exchanges which sell it?



Are there services like this?  What would be the fee for something like this?



Obviously there is the use VPN thing but if an exchange requires KYC, then obviously you cannot do this.