Topic: Is it legal to sell bitcoin for cash ? - page 9. (Read 26809 times)
It is legal but there is required to pay tax.
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.
Depends to your country, if your country banks accept the system of bitcoin that's easy to convert into cash. Some countries accept it and they're no hussle to bitcoin over cashThanks for reading.
Even some countries who still, didn't legalise are converting into cash because some local exchange are doing transaction. In my country I am converting bitcoin to fair current even though my government not legalised it.
Since the bitcoin was bought with Fiat cash, selling it to cash shouldn't be a problem, to me is 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.
In my country, it is not a problem if we convert our bitcoin into cash. But the thing is, there are limits on how much we can be able to convert in a day. Though it doesn’t matter that much anyway because we can do it again in the following days to come. And there is also another option for us, we can do online banking like converting bitcoin to cash directly from our bitcoin wallet and forward it to our bank accounts. Fast and easy.
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.
Depends to your country, if your country banks accept the system of bitcoin that's easy to convert into cash. Some countries accept it and they're no hussle to bitcoin over cash 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.
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.
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.
In my country, it is not a problem if we convert our bitcoin into cash. But the thing is, there are limits on how much we can be able to convert in a day. Though it doesn’t matter that much anyway because we can do it again in the following days to come. And there is also another option for us, we can do online banking like converting bitcoin to cash directly from our bitcoin wallet and forward it to our bank accounts. Fast and easy.
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.
Depends on your country of residence mate. Some countries do not accept any transaction in the form of bitcoin and to do so in such countries, you go by illegal means. However, there are countries where you can free convert your bitcoin to cash without much hustle. 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.
Thanks for reading.
In my country, it is not a problem if we convert our bitcoin into cash. But the thing is, there are limits on how much we can be able to convert in a day. Though it doesn’t matter that much anyway because we can do it again in the following days to come. And there is also another option for us, we can do online banking like converting bitcoin to cash directly from our bitcoin wallet and forward it to our bank accounts. Fast and easy.
In India, it is legal if you can pay tax as per government norms otherwise it is illegal.
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.
If I think this is not legal but if we do it secretly and not spread by any party I think legitimate. But you should not do the thing that will cause big problems for yourself and for the development of Bitcoin. So just do things that not banned and things that are positive. 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.
Maybe if in your country legal and allowed to sell Bitcoin with cash. But if for in my country this is not legal and strictly prohibited by the Government. You must know what is allowed and what is prohibited in the country where you live.Thanks for reading.
You're definitely correct mate. Well, each country have different rules and regulations about bitcoin since this dominant crypto currency is so demand here in cyberworld. Also, we must aware the possible outcome since this kind of business is so controversial which need a great security in terms of transactions.
We have to follow the rules and regulation because we are living in those countries, but if you found any local exchanges where it is possible to convert. Even Bitcoin is not legal in my country but many people are exchanging their Bitcoins to fiat currency.
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.
Maybe if in your country legal and allowed to sell Bitcoin with cash. But if for in my country this is not legal and strictly prohibited by the Government. You must know what is allowed and what is prohibited in the country where you live. 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 all depends on where you live and your government releases Bitcoin in any way or just forbids it. If in my country it is clear this is very illegal and if I do it I will get very big sanctions. Because Bitcoin in my country is still quite limited its use. So do not carelessly do the things we like with Bitcoin. Thanks for reading.
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.
Same with here mate in our country it is fine to sell bitcoin for cash through our local wallet we can convert btc to money and we can get it through remittances or directly through banks.
in my country it is not a problem, bitcoin users can easily convert bitcoin into local currency in our country, even in our country regulations Act on bitcoin has not been applied yet. but we will do within the limits of our own judgment.
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 where you are coming from. The question is, is it legal in your country to trade with Bitcoin? If yes, then you are good to go. If no, then you can think of finding your way out of the country or allowing a trusted person to exchange to cash in another country for you. Thanks for reading.
All this depends on the legality of bitcoin in your country, in my own country, you can easily send your bitcoin exchange to our local currency and u can transfer to your personal account so i dont see any thing bad in selling your bitcoin.
en selling bitcoins for cash - aware of taxes. I woulg seggest you to go to bookkeeper in your city to make it fully legal from taxes side
Im a bit confused why he's asking whether selling Bitcoin for cash is legal or not. When he can just simply sell it in an exchanger for USD and convert it to his local currency.
Well, if there's a restraining order in your country that prohibits Bitcoin selling or buying, then it doesnt need to be ask.
Well, if there's a restraining order in your country that prohibits Bitcoin selling or buying, then it doesnt need to be ask.
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