Topic: Is it legal to sell bitcoin for cash ? - page 14. (Read 26809 times)
It is legal in most of the countries. However, I think there are some countries where it's not legal - perhaps China? Or Vietnam?
it is legal to sell bitcoin for cash. it is just like other currencies. if it is not legal it would not have been possible for people from different part of the world been converting their bitcoin to their country currencies.
Since we cannot yet buy bitcoin anywhere we want since not all of us were accepting bitcoin yet then it is not illegal, how come that it will be illegal of course it is not. Unless you are using bitcoin in illegal transactions in that way it will become illegal.
it is legal to sell bitcoin for cash. it is just like other currencies. if it is not legal it would not have been possible for people from different part of the world been converting their bitcoin to their country currencies.
There are many businesses and individuals who use Bitcoin. Includes physical businesses in the real world such as restaurants, apartments, law firms, as well as popular online services such as Namecheap, WordPress, Reddit, and Flattr. Although Bitcoin is a new phenomenon, it is growing very rapidly. I think it's okay depending on the seller and the buyer because bitcoin is not tied to any country
I can say yes if your country is the same with mine. We can easily sell our bitcoin to cash anytime if we want to through using a local exchange wallet. I don't think its illegal to do so as long as you're using a proper and secure wallet exchanges available and because its your money and you can do whatever you want.
Legal or illegal it all depends on the policies of their respective governments. If the government refused and strictly prohibits using bitcoin I think it will get to be jail sentences if violated. But if the government accepts it will not be a problem and you can freely use bitcoin. Every country has different regulations.
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.
There is nothing wrong if you want to sell your bitcoin to cash,before i forgot your question is if it is legal? Yes,it is legal and i know people who wants to invest or want to trade bitcoin will surely buy or grab it especially at this time that value of btc is falling down but mate you can hold and wait because maybe its not only 3-4k you can get profit maybe it is more than that or tripple.Thanks for reading.
someone in Russia tried to pay taxes for selling bitcoin?
Of course it is legal. But you have to pay taxes if you made any profit.
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.
There is nothing wrong if you want to sell your bitcoin to cash,before i forgot your question is if it is legal? Yes,it is legal and i know people who wants to invest or want to trade bitcoin will surely buy or grab it especially at this time that value of btc is falling down but mate you can hold and wait because maybe its not only 3-4k you can get profit maybe it is more than that or tripple. Thanks for reading.
I think selling of bitcoin for cash is not illegal. Well , it may be for someone, but not for me because I did some selling of bitcoins in the past and to those whom I sold are in profit now.
In my opinion it is legal because there is nothing script that prohibits the selling of actual bitcoin. I think this is also a safe way to buy and sell bitcoin with those who really traders. Traders who does not scam other trader. Although there are always risk in making business, then take the risk. Maybe the good luck will be in you. Always risking the opportunity to eliminate the negativeness towards business and making negotiations to other crypto users. Try and try until you succeed. Actual bitcoin is pretty secure than digital bitcoin.
Elsewhere around the world, Bitcoin's legality is seen as different, but most remain relatively safe to use provided it is not related to purchases or forbidden activities.
although it is safe, the government still give a warning for the people when the people still want to invest their money in bitcoin and the government gives a statement that selling bitcoin for cash is not allowed. but I don't think this will stop people to sell their bitcoin for cash and I think soon the government will realize that they make a wrong statement to prohibited for using bitcoin and they will allow bitcoin to be used by their people.
If there is an exchange where they are converting bitcoins into your local currency then there are no problems for you because governments will intimate you before banning the cryptocurrencies.
Elsewhere around the world, Bitcoin's legality is seen as different, but most remain relatively safe to use provided it is not related to purchases or forbidden activities.
Yes it is legal as long your country is not banning cryptocurrency and it is good to have direct exchanger bitcoin to cash instantly.
The major problem today we are facing is converting Bitcoin to cash. As per my knowledge if you pay taxes on converting Bitcoin to cash, government will not ask any question about it.
Ofcourse, 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.
This is obvious, when you invest in a market you need to invest money and when it is profitable you need to withdraw it. And the bitcoin market buying and selling is normal. You buy bitcoin with your money and when you need money, you can sell it. I think it's legal.
in indonesia, my friends just selling his bitcoin. i think its legal
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