Topic: How we can sell and store crypto speacialy BTC (Read 229 times)

A better solution is peer-to-peer exchange. Just make sure which p2p exchange is supported in your country and how trusted it is. You need to ask your local board for suggestions. Just ask your forum buddies what they have been using for trading Bitcoin. For storage, it is highly preferable to use a non-custodial wallet; it doesn't matter from where you are going to buy. I have been using Binance's p2p sale and buying Bitcoin, though Bitcoin isn't allowed in my country. Binance is still accessible in my country. But I'm not storing a large amount of funds there; I'm just moving my hardware wallet.

This is needed before we get started because what if cryptos are banned in our country? Our knowledge can only go to waste although maybe for now, because there might be a chance that our country will soon allow it just like what happened with the others.

For now I don't want to get involved my self on those underground services because our government might be monitoring them already and we can get in trouble if we do. If cryptos are legal on our place, there are so many ways or places that we can use to be able to sell. Same goes for storing a crypto but I prefer to store it in decentralized places so that we can reduce our chance of losing it.

There are a lot of methods available for buying Bitcoin. I will try to keep it simple so that you understand the pros and cons of these methods.

Centralized Exchanges: You can buy or exchange Bitcoin in many centralized exchanges. They are well known and most of the people use it. If you use one from the top list, you will be safe but no promises. Anything could happen to centralized platforms. It requires KYC and this could be a problem and could compromise your privacy if there's any data leak.

Decentralized Exchanges: No need for KYC and you can buy and sell easily. Your key, your coin. you can keep your privacy and coin safe. But they are not that much popular so people have a hard time trusting them.

P2P: You buy face to face and there are no issues for fraud or scam. Easy and secure transactions without compromising your privacy. You can do this online too. But that is not recommended. As you are from a country where Bitcoin is banned, law enforcement people can lure you into going there. So verify before doing this.

Using this forum: You can find people from your country in the local board section. They can provide you with the best option. Internal transactions will make it less suspected. Be careful of scammers. Use the escrowed option or find someone with a good reputation in this forum.

Choose the one that best fits you. Hope this helps.

And to keep your BTC safe, use hardware wallets. They are the most secure. Don't cheap out while buying tho. Cheap ones often scam people. Buy branded one and from official site.

IMHO, the best way to buy bitcoin in any country in the world is RoboSats. There is absolutely a learning curve and it requires some bitcoin in a lightning wallet in order to be able to use the platform but it offers the highest level of privacy as well as the largest number of fiat or crypto currencies in the world and with the lowest technical requirements to run the service. All you need is a Tor browser and you can buy/sell bitcoin in any country in the world and accept any payment tool or currency in the entire world.

It truly is a thing of beauty.

Correction: LocalBitcoins is no longer available for exchange. This is no longer available at all.

The platforms you listed are not the best in terms of confidentiality, because these centralized cryptocurrency exchanges in the first place, and not p2p platforms. These acquired these functions much later.

For direct exchange of p2p between bitcoin users, bisq is better suited.

The times of direct p2p bitcoin exchange in cafes are far behind us and no one will do that now. In any case, you will have to use some kind of exchange platform. As a last resort, you can use bestchange aggregator, which offers exchangers (intermediaries and guarantors of security of transactions between users).

You can check P2P service on Binance and kucoin. And you can check there if p2p option is enabled for your country's currency, if so you can easily buy bitcoins and other cryptos from there through mobile banking or bank transfer. In this case, even if crypto is banned in your country, you can easily buy and hold them. However, if your country has strict legal measures against crypto users, be careful with p2p transactions.  Especially trade with those who have 30 days trading record Hughes.

That is not entirely true, not all exchanges cooperate with the government to comply with government regulations.  because not all exchanges are headquartered in all countries where they operate.  if the exchange truly complies with government regulations, why can't the government do anything to claim the rights of their citizens when FTX goes bankrupt?

Furthermore, using a VPN is also useless when you use an exchange that has removed your country from their active list.  you won't be able to verify your KYC accounts so how can you use them?

Most of the cases when the government is ban Bitcoin, the centralized exchange also restrict the country to access their site, if @OP use VPN, it means he broke the exchange rules. When the exchange ask KYC, then what you can do here? you can only let all of your coins gone. If you admit you were live on the restricted country and you provide your KYC, there's a chance if the exchange report to your government, you could get jailed.

If you really aren't too concerned about privacy, centralized exchanges like Binance will give you a better bitcoin buying and selling experience.  but if you don't want to make your identity public, then decentralized exchanges are the right choice for you. 

As far as I know, even for those countries that ban bitcoin, I believe they cannot ban exchanges because we can use VPN, but the problem is to make sure that your bitcoin investment is only you know, no one else.  one more thing, if you use centralized exchanges, remember that they are just places to trade, buy and sell, not a trusted place to store your bitcoins.

yes in my country our policy makers is make policy is think about itself because if btc and crypto is legal and how they can make black money.

yes a agree with your this option to escrow and also use of decentralized as well as centralized exchanges
in lots of openion i also like binance plateform where we can sell and buy lots of crypto

OP didn't state his country for us to know if cryptocurrencies are just restricted or totally banned. If cryptos are banned it might not be a good action to engage in the buying and selling of the currency. Some nations have criminalised the trading of cryptocurrencies and violating such laws can attract some sanctions. Hence,  the safer option will be to avoid dealing in crypto until such a draconian law is relaxed.

But if you are a diehard supporter of cryptocurrencies, especially Bitcoin,  you have to master the skills of keeping your transactions secret. Therefore you have to perfect the skill of privacy. Some exchanges can also accept the use of a VPN to carry out transactions. But it will be better to use a decentralise exchange such as bisq.

In my perspective, when the government imposes restrictions on cryptocurrency, the avenue for purchasing using FIAT currency will become more arduous. Have you had a chance to peruse this thread: "TRADE YOUR BTC TO PAYPAL & CONVERT FIAT CURRENCIES TO BTC HERE"?

Over there, @karsyla provides exchange services for BTC - PayPal, both for buying and selling. As long as there's no prohibition on using PayPal in your country, I believe you can still engage in peer-to-peer BTC transactions here with a service boasting a sterling reputation. You just need to have a PayPal balance and a Bitcoin wallet at the ready.

However, exercise caution when holding Bitcoin in a country that outlaws cryptocurrencies. For all legal matters and associated risks, make sure it's a full responsibility you can navigate adeptly.

If you live in a country where Bitcoin is banned, you must learn about privacy.

Know how to use Linux because windows is spyware, know how to use Tor because Chrome is spyware, know to run Bitcoin full node because SPV wallet isn't really private, know to use Bisq because centralized exchange is worst for privacy, know how to use mixer because it can increase your privacy.

You can use Peer to Peer exchange with a middle Escrow like Remitano. They are KYC exchange.

You can use centralized exchanges, no KYC.

https://remitano.com/
No KYC exchange encyclopedia
https://kycnot.me/ It is slowly updating information recent months.

Reminder: Do not keep your money in online accounts

Third party transactions are somewhat risky so I think it is better not to transact through third parties. Currently some popular exchanges are facilitating P2P transactions, so I think P2P transactions are safer than third party transactions. If you want to convert money from fiat money to crypto then you can easily do it through P2P transaction, and if you want to convert your BTC to fiat money you can also convert your BTC to fiat through P2P with the help of a good quality exchange.
If the exchange seems risky to you, then you can convert fiat money to BTC through the exchange and then deposit the BTC in any of your trusted wallets.

in the title of your thread, you said , I will assume you want to hodl Bitcoin. There are varieties of Bitcoin wallets out there, you can use to store you Bitcoin but is all depends on your choice. Electrum will be the best suggestion for you op.

You mentioned that cryptocurrencies like BTC are not accepted in your country, but that doesn't mean you can't use them. To buy and sell, it's best to use peer-to-peer exchanges that are available locally. Be sure to do your research when using these third-party platforms. Centralized exchanges offer more options, but always read their terms and conditions before using their platform. And as others have mentioned, never leave your funds on centralized exchanges this is due to reason which may include, security,control and they can change their polices if they so wish. To avoid stories its advisable to remove funds from cex exchanges.

What country do you reside? I think there are others like you who are into crypto from your country so there would definitely be an exchange that services from your country.

Just like other members mentioned, Buying and selling of crypto is being carried out on Exchanges where you can deposit money directly into the exchange and trade it with Btc or make use of p2p services on the exchange where there are merchants readily available to buy or sell bitcoin and other cryptocurrencies. So also there members of the forum that offers such services, they buy and sell crypto but you just need to be careful who you deal with so you don’t get scammed. Before you proceed with the trade make sure the person is a reputable member that is trusted.

Ps: Never store your purchased crypto in an exchange - Not Your Keys Not Your Coin.

I checked your post history and saw you post frequently in the Russian local board.  I believe your countrymen will be in a better position to answer your questions. AFAIK you can still be able to buy bitcoins from local exchanges in your country, you can also trade with other forum members, if you’re going to use this option, make sure to trade with reputable members and with those who have a positive trade history.

You can sell and buy crypto using either centralized exchange (which I don't like except you must) and decentralized exchange. You can check in the forum service board and find many exchange platforms, create an account with anyone that's accessible from your country and you're good to go.

If you choose a centralized exchange in buy your crypto, then make sure to not leave your asset in the Cex after buying
You can  create a selfcustody wallett like electrum wallet where you can transfer your assets safely into and be responsible for it . Never leave your funds in a Cex, never.