you can sell bitcoin for cash. As long as your country is not prohibiting you in selling it. Or there is no law in your country that making bitcoin illegal.
Topic: Is it legal to sell bitcoin for cash ? - page 10. (Read 26809 times)
Well, that depends on your country. Here in our country, it's very legal to change that bitcoin into cash. So if you think you're on the country that bitcoin is not legal then i suggest to hold it first and wait for it to boom (price go up).
People buy Bitcoin using cash to trade, when they earn they sell it to have cash, and when they feel buying Bitcoin again then they will use cash, and repeat the cycle and do it vice versa, nothing wrong with it since it is the common logic for things (intangible product as well) to be sold when it becomes valuable or buy the same things if it needed again.
yes..but not all over the world..some countries banned bitcoin..its depend what county you liveing.some country need a money transmitter license for big amount.
I think If the bitcoin not sold to cash, for what we have to collect so many bitcoin? I put together a bitcoin just to earn some money and it is legal in my country
Everything will depend very much on local legislation. In my country, this can be done without problems. In some countries there are exchangers even on the streets.
Its legal but it depends on where you sell it, if you’re in a country that Bitcoin is still questionable they might have the mentality that Bitcoin is a kind of gambling, scam and its illegal. Its legal to sell bitcoin for cash because some things and some of our daily needs must be paid thru fiat/cash. Lets just continue supporting crypto because this might be the solution for us to be successful.
Every country has its own regulations regarding this.
yes is it legal we have convert to our currencies through zapay and Is it legally.
If bitcoin is not ban in your country It should be alright. Bitcoin transaction can't be tracked any way then you will going to be paid in cash directly and personally by the buyer. So It depends on your country
in my opinion legality of things depends on the existing law or rules of the country with regards to a certain matter. if there is a law or rules with regards to selling we should abide with it to be legal..if there is non then there is still a rule that should be followed an that is the rules of norms..
Yes if BTC isn't banned in a certain country then it is legal to sell bitcoin for cash.Selling of BTC is done in a peer-to-peer network so as long as it is done rightfully,no laws or rules are being implemented regarding the selling and buying of bitcoin then there's nothing wrong with that and it's legal.
in my opinion legality of things depends on the existing law or rules of the country with regards to a certain matter. if there is a law or rules with regards to selling we should abide with it to be legal..if there is non then there is still a rule that should be followed an that is the rules of norms..
I was thinking of selling my bitcoins for cash. Is it perfectly legal to do so? The amount is close to 3-4K.
Thanks for reading.
It is obvious that selling Bitcoin in cash is completely illegal and prohibited. If you still want to do it secretly and you will surely you will get a sanction.Thanks for reading.
I was thinking of selling my bitcoins for cash. Is it perfectly legal to do so ? Amount is close to 3-4K.
Thanks for reading.
It depends on your country of residence. Some countries don't allow any transactions with Bitcoin to fiat. However, there are private organizations like e-currency which allows individuals to convert bitcoin and other cryptocurrencies to fiat. Just connect your credit card and you are good to go. Thanks for reading.
I was thinking of selling my bitcoins for cash. Is it perfectly legal to do so? The amount is close to 3-4K.
Thanks for reading.
If in my country this is not legal and strictly prohibited. If I break it I will be subject to sanctions. But do not understand that in your country. Maybe in your country also not legal this. Because now there are so many countries that prohibit Bitcoin in his country. Moreover, you want to sell Bitcoin in cash. Definitely strictly prohibited. Thanks for reading.
it really differs from country to country, for instance in the Netherlands bitcoin at the moment is tax free as are the profits gained from it, in Austria you for instance pay a tax of 50% over winnings when claimed within one year of the transaction. Exchanging BTC to EUR is free upto 700€
I think If bitcoin is not ban in your country It should be alright. Bitcoin transaction can't be tracked any way then you will going to be paid in cash directly and personally by the buyer.
in my opinion. search if there is an existing local bitcoin exchange that operates in your country and most importantly that are legit. If there is then it's safe to do that but if not then you need to make further research.
Mostly depends on how the government of your country reacts towards it. Check out laws and you'll have the whole situation in your head =)
Each country has their own rules and regulation we cannot blame them because we are residing in those countries. So we have to follow them otherwise, they will block our bank accounts without any intimations.
I would say that it depends in what country you are permanently staying. In our country as long as selling of bitcoin is rightfully done then that's legal. Again, using a particular financial services platform, you can directly convert your bitcoin into a fiat or regular money then cash it out by selecting any payout method at your convenience.
We are lucky that we belong to a democratic country which is freedom of expression and of enterprise and free dom to buy and sale bitcoin, in my country even the central bank support the proliferation of bitcoin and crypto currency because the central bank believe that it's an innovative currency which fast and economical means of remittances. Jump to: