Topic: Is it legal to sell bitcoin for cash ? - page 15. (Read 26809 times)
yeah obviously its legal to sell your bitcoin for cash.
yes, if their country allows and legalize bitcoin transactions.
converting bitcoin to cash is legal since it is normal in cryptocurrency groups, if it prohibit to do so then i think people will not be interested in this actions, however, if your country prohibit this action then, i would say that is not legal to sell bitcoin to cash.
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.
Thanks for reading.
Every country has their own set of laws to follow and if one particularly country restricted their citizens in buying and selling any cryptocurrency then it is illegal for them to buy or sell bitcoin. You could easily find out if bitcoin is legal in your country by google search if not by news coming from your tv stations or newspapers. In my country, there is still no law legalizing the use of any cryptocurrency but we still are free to buy, sell and trade bitcoin at any amount. Our local crypto exchanges are already subject to regulations by our country's central banks.
It's legal it depends on the country where you belong, but for my home town its very legal. Well if you going to look bitcoin is back up by fiat currency and fiat currency is good for storing bitcoin as well.
What is the status on the legality of bitcoin and crytpocurrency in your country? In my country, it is perfectly fine to do so. A local exchange wallet allows us bitcoin users to easily have our bitcoins exchanged into our local currency, and we may retrieve this through remittances or have it transferred directly to our bank accounts. I don't see anything wrong with selling your bitcoins for cash, unless the mere possession of bitcoin is considered to be illegal in your country.
In our country bitcoin is still illegal but the bitcoin sale wallet is very real no doubt
Can anyone point / quote to documentation for regulations / amounts in the US?
Was trying to look for it but cannot find anything conclusive.
Was trying to look for it but cannot find anything conclusive.
Did you sold those bitcoins that you are asking OP by the time you made this thread? It's already several months has passed and I want to know if you did it already.
Because if you are skeptic from that time and you just keep it until now then you have some nice profits or even since before the end of 2017.
Prices are comparable better way back then and when it comes to legality as long as there's no declaration about nationwide ban about selling bitcoins in your country you are fine.
Because if you are skeptic from that time and you just keep it until now then you have some nice profits or even since before the end of 2017.
Prices are comparable better way back then and when it comes to legality as long as there's no declaration about nationwide ban about selling bitcoins in your country you are fine.
yes it is legal because bitcoin has its own value and we know that it is so expensive, in the cyber world there are many seller of bitcoin who sell bitcoin for cash and for they to get a high amount of profit.
Bitcoin to cash is legal and safe to do, but there are some country already declared that bitcoin is banned in their country that is why in those country converting bitcoin to cash is illegal because they already have regulation for that. I am happy that here in my country they start to study how to accept or support bitcoin because based on the survey many people here in my country make their life to be better by the help of crypto currency.
Why not?!
I see nothing illegal in such transactions.
I see nothing illegal in such transactions.
I think you are referring to Bitcoin transfers from your wallet to another but the receiver will pay you money or fiat in return. I guess it is not illegal because it is just an ordinary transaction and any bitcoin holders can do it. I think it is more convenient and wise for the buyer if he acquire it from another bitcoin holder other than BTC channels because of the fees.
Of course, it is legal unless your country banned cryptocurrency trading to fiat currency but still even if it's banned you can still access Bitcoin on your own. It is almost anonymous and your country won't find it even if you are using it but the problem is that where can you find an exchanges to trade your Bitcoin to a fiat currency. So far i didn't know any country yet that ban Bitcoin from people on using it.
Well, my country did not mention the legality of using or mining bitcoin. Therefore, people can use it freely as long as they do not use it for illegal crimes. So, I think if I wanted to sell my bitcoin for cash, no one would interfere and tell me what I am doing is illegal. I guess I will be fine with that.
Added to that, selling another currency is clearly illegal because only banks are in charge of doing that. So if they caught you selling a currency, you would be put in jail.
Added to that, selling another currency is clearly illegal because only banks are in charge of doing that. So if they caught you selling a currency, you would be put in jail.
It is legal if your country has not yet set regulations about the buying and encashing of bitcoin. For example, in the Philippines, exchangers need to be registered with securities agency. ICOs are a different matter though.
Bitcoin is a digital asset class which is subjected to regulations.
In some countries, it's legal to trade this asset class. What this mean is that you can buy and sell Bitcoin in those countries for cash because it's allowed. Whereas, in some other countries, it's illegal to do so.
Just read though the rules of your country of residence and abide by those rules accordingly.
In some countries, it's legal to trade this asset class. What this mean is that you can buy and sell Bitcoin in those countries for cash because it's allowed. Whereas, in some other countries, it's illegal to do so.
Just read though the rules of your country of residence and abide by those rules accordingly.
thank you for the comments
I ve been googling for The United Kingdom's reg's but I cant find anything solid ... just speculation
Bitcoin is a digital asset class which is subjected to regulations.
In some countries, it's legal to trade this asset class. What this mean is that you can buy and sell Bitcoin in those countries for cash because it's allowed. Whereas, in some other countries, it's illegal to do so.
Just read though the rules of your country of residence and abide by those rules accordingly.
In some countries, it's legal to trade this asset class. What this mean is that you can buy and sell Bitcoin in those countries for cash because it's allowed. Whereas, in some other countries, it's illegal to do so.
Just read though the rules of your country of residence and abide by those rules accordingly.
In the UK ...
is it the same the other way round ... I would not mind buying BTC for cash ?
has anyone found anything concrete from the UK authorities
any info appreciated
is it the same the other way round ... I would not mind buying BTC for cash ?
has anyone found anything concrete from the UK authorities
any info appreciated
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.
Thanks for reading.
Oh really? that is great then. It is very legal to do selling you bitcoin. Do you mind me asking, how much is your bitcoin? how much do you have to sell?
i thought legendary rank has already an idea about legality of bitcoin. Anyway we have defferent way and focus of learning.i think it depends in your country if they legalize btc or not in my not actually legal we are free to sell btc into local cash. as long as you are in legal age because during cash out and transfer into other account like bank account you need to put the correct personal info. in the wallet we use like coin.ph.
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