Topic: Is it legal to sell bitcoin for cash ? - page 7. (Read 26809 times)
Looking in what country you live. If the law allows to transfer the crypt to the Fiat, then everything is legal. First, look, read the laws of regulation of the crypto currency in your country, and only then think what you will do.
Of course, it depends on the country you are living in. Most of the developed countries it is legal to exchange with taxes. But in others is not. the reason is government, that insert sticks into the wheels. You will get big trouble to do it.
It's depends on the perception of the law on Bitcoin in your country. Everything is legal, unless your country imposes a law stating that selling bitcoin is illegal. If there is no law prohibiting it, then it is, therefore, legal.
Whether is legal or not to sell BTC for cash is dependent on where you live and the type or regulations imposed on BTC by that particular country. In the UK for example you can have tax free bank accounts though up to a certain amount such as £20,000. So you can sell BTC for cash and then transfer to that tax free bank account. This is just a putative example, so it depends on the country you're in.
If you transfer the money to a иank account, it all depends on the amount. The financial monitoring service gives the Bank instructions on how much money should be reported. If your amount is less, you can try to make such a transfer.
Probably legal, I do not see anything strange that could make such a thing illegal. Most of the answers here are also legal, meaning many think that selling bitcoins with cash is legal
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.
I just wonder what can cause you to doubt the legality of such an operation. If there is no direct prohibition on carrying out such a transaction by the law of your state, then selling bitcoins in exchange for cash national money is quite legal action. Thanks for reading.
Yeah it is legal. As long as the government will not prohibit us in selling our bitcoins. And if bitcoin is declared illegal in yoir country. I think its hard for you to sell it.
for my opinion it is great, but don't forget about the price of it, i think it will be lower then to sell it in the internet
it is great when you have opportunity to sell Bitcoin for cash on the street or in shopping center, it really very usability thing
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.
In which country BTC is legal obviously selling Bitcoin for cash it's legal & BTC banned countries not legal it's selling for cash just i understand that. Thanks for reading.
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
пpoдaвaть, пpoизвoдить oбмeн нa дpyгyю мoнeтy пo кypcy oбмeнникa или биpжи кpиптoвaлюты кoнeчнo являeтcя зaкoнным пpoцeccoм. Ceйчac нe вce ycoвepшeнcтвoвaнo, нo вce впepeди!
Its depend on your your country law. If you will be pay tax on your cash sale it would be legal income.
For legal matters, sell it only on accredited exchange so you know what is okay and what is not. If you can't find a single one that exists then I'm pretty sure that bitcoin is either banned or treated as a scam in your country.
Each country has a different law and you will have to check with your country or relevant people how it can be treated. As far as I know in some country you can deal in cash upto a certain limit and also those transaction you need to include in your taxing purpose and it becomes legal.
It all depends on the laws of your country. In my country its perfectly fine to do so
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.
No announcement that bitcoin can't sell into cash, since bitcoin using to exchange for cash. Moreover in our country bitcoin was not used to exchange of goods and services, but if you convert it to cash that's the time you can used it. Otherwise, I think selling bitcoin is not illegal because if it is illegal there's a possibility that bitcoin and other crypto are going to banned.Thanks for reading.
It depends on the country in which you will make such an exchange. In a number of countries, such exchanges are expressly prohibited. In other countries, such an exchange can be allowed and it is a subject of payment of taxes.
..I think it is legal..if you want to sell your bitcoin for cash,,you can do it right away,,depending on the country where you belong..
That’s nothing to do about legalities if you're country has permitted any local exchanges or trading to let you sell your bitcoin. If the local trading site you have has its optional digital to fiat cash trading, then be confident to say that you're not subjected by law illegalities. The legitimacy always subsides when the regulation of the country on cryptocurrency was implemented briefly behind the standards that an specific rules applied for each individuals whom doing trading activities.
..I think it is legal..if you want to sell your bitcoin for cash,,you can do it right away,,depending on the country where you belong..
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