Topic: Is it legal to sell bitcoin for cash ? - page 6. (Read 26809 times)
Selling Bitcoin as a business requires a license and consciously selling Bitcoin to someone whom you know to be a money launderer is a path to conviction.
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.
That depends on a country, sometimes is it legal to do so sometimes not, but in most of cases you will need to pay tax of income that you will earn thanks to selling your coins. Thanks for reading.
Everything will depend on the country in particular. In many countries, this will have to be paid for or it will be very difficult to do at all. Somewhere you can just swap in the exchanger
Hey buddy,
There is no doubt about it that you can sell bitcoin for cash. You can easily sell for cash. Such as someone needs bitcoin for his online shopping or other purposes you just sell your bitcoin to him and take cash.
There is no doubt about it that you can sell bitcoin for cash. You can easily sell for cash. Such as someone needs bitcoin for his online shopping or other purposes you just sell your bitcoin to him and take cash.
Everything depends on the legal status of the crypto currency in your country, but if it is not forbidden, you can get it!
Are going to make a business like a small exchange owned by you? Because it is how I understand your questions. If that's what it is then you need a permit from SEC to operate but if not then just exchange it on you local btc to fiat exchanges because it exists if bitcoin is legal in your country.
Vendo meus bitcoins agora ou não?
Selling bitcoin for cash is perfectly legal but it is depend on your country in which you are living. Many of countries treat bitcoin as illegal and some of the country neither permitted it nor against bitcoin, but when will your country legalized it then it will be very profitable for you.
maybe some people uses bitcoin for fraudful act , many people lost the fruit of their hardwork because of the people who take advantage of those who didn't know well about it.
Well, here in my country bitcoin is legal which is also supported by our government but they are not a 3rd party. Having an apps which is coins.ph we can easily negotiation but I would suggest do it that can be trusted people which you have not to worry when you have a verbal agreement. Also, need a great assurance during agreement since it involves money which we need an extra awareness and be attentive always to avoid those bad people that might attack.
It is perfectly legitimate to transfer your bitcoins to the Fiat. Only with taxes you need to understand. Does your country have sales taxes.
I think legal if there are buyers who want to buy your coins and without coercion from you so that buyers are not harmed. and you can specify the price of the coin according to the market price. so buyers can pay according to the normal price according to the coin market.
..as far as i know it is legal to sell your bitcoin for cash..depending on the country you belong..just like here in our country philippines..we can sell our bitcoin into our fiat money for bitcoin here in our country is accepted but not yet legallized..
it is very legal to sell bitcoin for cash, bitcoin is cash invested in crypto currency or cash held in crypto currency, at any time can be withdrawn and converted 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.
As they say, it depends on the country you came from. If bitcoin transaction is not banned in your country you can do so. Actually it is not illegal to sell or trade bitcoin into cash as long as it is not illegal. My only advice is to be careful and be aware of the transaction so that you will not be fooled by exploiters. 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.
Here in my country it is not illegal to do so. We can trade or sell as long as we want and it's the trend nowadays. It is a transaction deal between you and your buyer don't let anyone interrupt the deal, unless bitcoin transaction in your country is illegal. Thanks for reading.
It depends on your country of residence. There are restrictions in countries like China, India
you can sell it from cash normaly but it depend on your country but even if its banned i think you can do it without any probleme
You can always make bypass of the system. It is the reality of nowadays. Like hackers are doing their job, you can make it for yourself.
I think it's common sense. If the use or usage of Bitcoin or any other cryptocurrency in any country is illegal, then selling Bitcoin for cash is illegal. It's (selling) transaction where Bitcoin is used to get cash.
If it legal to trade with bitcoin and made transaction with it then it is legal to sell bitcoin for cash. Just like fiat bitcoin can be sold for cash to enable you buy some local goods which may be difficult to use bitcoin at a moment to buy. The exchange of bitcoin to other fiat made bitcoin more acceptable and real as for now.
Jump to: