Topic: How we can sell and store crypto speacialy BTC (Read 257 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.

There are many third party platforms for buying and selling crypto, but it's important to deal only with trusted people to avoid problems and prevent scams.

You can also engage in buying and selling within forums as Bitcointalk but make sure to be wise and don't deal with with unfamiliar members, I mean you have to make sure that they're trust before you get into the deal. Best of luck with that and I hope you have a great day!

If you are in a country that don’t is not crypto friendly but yet you as a citizen of that country is a crypto lover, the best thing for you to do is to go look for exchanges that are not restricting people from your country from using it and this exchanges can be more of decentralized as they are not licensed or regulated under any of your government agents.

And if you already have a BTC and will want to sell it but you are looking for means to do it safely without breaking any law or getting caught by your country government then the best thing for you to also do is to make use of P2P exchanges either that of centralized exchange although it’s not the best recommended but it can get you a quick buyer from their which you can reach an agreement with, or better still you can also make use of F2F kind of transaction which will require you to make someone who you know need BTC and want to exchange his/her cash for BTC then you both can reach an agreement by using any of this means you can be rest assured that you can’t be caught by your countries restrictions.

An example of lack of a major detail. If Op had mentioned his country, it would have solved half of his problem.

This forum has people from many parts of the world @OP, if you had mentioned your country, someone who is also from your country and has been a member of this forum would have easily been able to share how they have been doing it. If there is also no one from your country, we will be able to give you a perfect country tailored solution for your specific country, not us randomly giving solution.

it would help if you actually mentioned your country instead of keeping it vague. We're not playing guessing games here. As for your badly written question, the answer is yes, there are many third-party sites and online exchange companies that help people buy and sell crypto, especially in places where it's not officially accepted. Some people use peer-to-peer platforms, while others choose to exchange money with people in other countries. They then use different ways to move their money. Again, though, this advice is pretty general since I don't know where you're from. Be more clear next time 

What do you mean? Direct fiat money deposit? In this case it depends on local financial services: some of them exchange crypto to fiat and fiat to crypto. In some countries local laws ban exchange hubs while crypto is not banned, so there are no possibilities to buy or sell crypto with fiat money. As for crypto to crypto exchange, I think there are plenty of online services: trading platforms, multicoin wallets etc...

You can use exchanges such as Binance or p2p Bisq/Paxful to buy and sell BTC for your fiat currency.

If cryptos are banned in your country then you can't use exchanges to buy cryptos,

Usage of platforms depends on the legal status of cryptos in your nation and as I said if its banned only leaves you with the option of buying via decentralized P2P like Binance but if you are a complete beginner then you may not feel convenient using Bisq so Please refer through this guide: [GUIDE] How to buy and sell Bitcoin using Bisq

Dear Op first of all while starting the exploration of the crypto market please prefer to analyze and authenticate everything properly because you never know how. And who can trap you to steal the funds.. haha not trying to scare you out but still need to be careful.

Moving to the question most of the users already suggested the best solution but as a beginner, I would prefer you should use a Centralized exchange for the first time if you really care about KYC (Document verification) so you can go with "Kucoin" a pretty decent and reliable solution offer card buying and direct bank transaction in specific regions. Before proceeding please confirm whether that is Bitcoin Banned or just not accepted as there is a lot of difference between being banned or being not accepted yet.

If it's Banned and still you want to proceed as it's illegal you have only a P2P buying option, If it's not Banned just not recognized or accepted then you can proceed freely until a clear statement from the officials.

What do you mean by not acceptable? Is it illegal  to own bitcoin? Where do you live?

It is easier to buy bitcoin in a local exchange in your country. If there are no local exchanges,  you would have to try to buy using PayPal  or some other method. You can try here

https://bitcointalk.org/index.php?board=53.0

P2P is the key when it's not allowed in your country but you still want to buy and sell.

Storing isn't a problem, you will just have to have your own Bitcoin wallet and from there you can keep it without nothing to worry about. If you're for the long term, it isn't a big problem that you need to be thinking of.

Since you're able to access to the web, just download the wallet like Electrum but make sure that you have the real and official link which is --> electrum.org

Be careful about searching that because some phishing and misspelled websites are copying it to fool people as they're trying to get some victims believing that they are the real one.

This post its more for Beginers and help section than here.

And also in that part of the forum you can find much more info.

You can sell or buy through through P2P exchange from someone in your country. Or you can use exchanges to buy and sell, there are many types of these exchanges where you can buy and sell with your fellow country traders. Here are list of non KYC exchanges

You can buy Bitcoin from this forum but you'll have to be careful when buying Bitcoin because sometimes new members do not know how to buy Bitcoin from trusted members and they get scammed by scammers. If you want to buy Bitcoin from this forum then you must have to find a reputable and trusted members with a Legendary rank at least, and only then you should confirm the deal. I would also recommend you to have an escrow so you will be safe from any possible scammers.

You can also purchase Bitcoin from decentralized as well as centralized exchanges. But, if your country has blocked centralized exchanges then you should consider buying from decentralized exchanges. While it's possible to buy Bitcoin from decentralized exchange but still you should be careful when buying from decentralized exchanges. Still, if you find a good and reputable one then you can purchase from them without any issue. When it comes to centralized exchanges then my experience with Binance has been good so far, but still I won't vouch for anyone. Do your own research and then purchase Bitcoin.

I would also advice you to learn about Bitcoin wallets and when you purchased your Bitcoin then withdraw those to your own personal wallet instead of allowing them on those custodial wallets. You should learn about wallet software like Electrum in detail and once you are sure that you have learnt enough about it then create your wallet with that software and save your Private key and Pass phrase in a secure location.  I would also encourage you to make your wallet a cold wallet because if it is connected to internet then you may face problems from hackers.

how we can sell and parchase  crypto like BTC etc can we deposit directly into our account because in my country BTC and all others crypto is not acceptable
i her that there are lots of 3rd party platform available for that and also online exchange company corporation