Topic: Post your local news outlet, exchange, marketplace that support Bitcoin (Read 120 times)

I think the risk is related to bankruptcy and so on. If you use oversea service then it might take more effort to judge them accountable if they fuck something up. But even if you use your local exchange, it doesn't really remove the effort needed to ensure you get your money back when something happens. CMIIW.

Does this mean your government doesn't limit access to oversea business? My country used to be like that, but they started blocking domains from exchanges and other services if they didn't register locally. Some people use DNS or VPN to bypass that, but it adds another risk of being banned.

Since the beginning I am using the exchanges which allows users from all over the world even though there are some few exchanges available from my country but due to less volume I always chose the reputed ones. It's good to know that exchanges from Philippines doing great but crypto has no borders and marketplace, news outlets, are just business around crypto community so don't let them use your patriotism for their financial benefits.

You have heard it wrong. There's no businesses like coffee shop or clothing store accepts Bitcoin. There's no way anyone can accept Bitcoin here legally. You may have heard about "Bitcoin Cafe"  It's just a name of a restaurant, nothing else. They don't accept Bitcoin. I have visited the restaurant and offered them to pay with Bitcoin. They didn't take my word seriously. Simply said they don't accept Bitcoin with a smile lol. To be honest, I was prepared to pay with Bitcoin there, no matter what. I had my mobile Electrum wallet and there was enough Bitcoin to cover my bill.

Bitcoin is still illegal here. Nothing has changed. Govt is monitoring even more closely than previous. It is expected that a huge amount of remittance is coming through cryptocurrency which is a big loss for the Govt. That's why they are being serious. A few days ago, Bangladesh Bank have stated that any kind of involvement in cryptocurrency is illegal including trading, promoting etc. But the previous statement was a bit different. It was something like pointing to crime. But now, everything is in restrictions and has become more strict.

Regarding my friend's website- well, there's nothing wrong in running a crypto blog. The website is focusing on publishing guidelines, tutorial, informative article and cryptocurrency news is a bonus there although the focus was/is to build a cryptocurrency news site. I don't think there's anything wrong with the blog. Learning about technology isn't bad of course.

I'm a bit curious about your country's crypto stand. It has banned Bitcoin. It was more or less a blanket ban, right? It doesn't only cover banks and other financial institutions, it includes all businesses. And not only businesses, it even also includes individuals. So Bitcoin transactions are prohibited for everyone. The government even threated jail time to offenders to show how strict they are.

And yet Bitcoin can be accessed easily. I even heard of businesses like a coffee shop and a clothing store accepting Bitcoin payments. And here you are also saying a friend is operating a crypto platform. I wonder whether the ban was merely pure talk and there was really no effort to crack down on violators.

My country doesn't allow crypto as a means of payment, but people do love trading cryptocurrency. I won't be surprised if some of us do pay with crypto for services like game currency top-ups or something similar. Personally, I don't think it will change soon but it is good enough for me. There are dozens of exchanges and events about crypto, which is quite healthy. There was an event started by the government just a few months ago iirc that discussed about crypto regulation in the near future. I can definitely see this as a friendly gesture, but who knows if things will change in the near future.

I guess popular business like Indodax, Pintu, or Tokocrypto is the one with the biggest presence in the local market due to either being early, doing a ton of marketing, or getting an investment from big players like Binance, and so on.

In my country, cryptocurrency is banned and there's no such registered business/company which promotes Bitcoin or any other cryptocurrency. However, one of my fellow country man, my friend dare to start a Cryptocurrency news site in Bengali. He is operating the site as cryptocurrency blog. There's no way he can registered the site because it's against the law.

Cryptocurrency news site- www.coinalap.com

Didn't know that. That's great. The Philippines is really doing great.
There was a report I read a few months back where they have written Bangladesh has over 4 million cryptocurrency users which was a surprise for me. I used to imagine a very less amount than 4 million. If it's 4 million for true, that's huge and it will increase significantly in the coming years.

For a long time, the BitOasis^[1] was operating in my country, perhaps they worked for more than 3 years without problems, and with the passage of time, Rain^[2] platform joined them, with a license for many platforms such as Binance, and the ability to use most of the international exchanges that do not require KYC to trade Bitcoin against altcoins.

The problem was mainly in the existence of a platform from which you buy and sell bitcoin in exchange for your bank account, and therefore I do not think that the problem of most of us is in trading as there are global platforms, but the main problem is in withdrawing the local currency, in which the platforms differ from one country to another, and sometimes many people use P2P trading exchanges or DEXs.


[1] https://bitoasis.net/en/home
[2] https://www.rain.com/

There are actually a number of licensed Bitcoin-related platforms in the country. I remember I used to have an account on BuyBitcoin.ph. There was another one I cannot recall anymore. Those where the good old days when Coins.ph and Abra were the main players.

Today, there are many of them. The mainstream GCash and PayMaya already integrated crypto on their platforms. Pouch and Strike are also here offering Lightning payments. There is also a new platform here which offers OTC crypto transactions. My bad, I also cannot remember the name. But they have numerous partners all over the country.

Banks are also gradually opening their doors.

Overall, it seems we're doing good.


In a way, it is an indicator. It could mean that there is a market significant enough to be exploited, worth risking for, despite the challenges. I'm not necessarily speaking of my country, though.


On this basis, the growth is at least considerable. As a matter of fact, there is an ongoing effort to continue building what is named as the Bitcoin Island. It's an effort to drive the adoption of Bitcoin as a currency. So far, the number of merchants accepting Bitcoin, even through the Lightning network, is growing.

crypto exchanges are not an indication of increased adoption in your country or in any country where there could be growth and the government opposes that growth and therefore will not allow registering a platform or opening bank accounts for it.

Peer-to-peer and decentralized platforms allow you to conduct transactions with reasonable trading volumes and can even be a measure of adoption if we want to talk about adoption in this direction.

The real measure and people's acceptance of bitcoin as a currency in buying and selling commodities is to consider it an acceptable financial intermediary where you can buy several things in your country without the need to convert bitcoin to cash or there is an option to pay in bitcoin.

You've missed Gcash.
On their app, you can buy and sell or hold (which is not advisable) crypto using the third-party exchange PDAX, and I used this once which is very convenient compared to Coins.ph when converting your crypto to cash.


Good thing our country is crypto-friendly not like other countries.

You will only know your country is open and adopting Cryptocurrency if you have registered platforms that promote the usage of Bitcoin.

These are the leading platforms in my country that help spread awareness about Bitcoin and help the community to invest and trade Cryptocurrency

BITPINAS
BitPinas is a content website that promotes the sustained, positive growth of the Philippines FinTech Industry, especially cryptocurrency and blockchain, through information, news and education.

Coins.ph
The country's first digital exchange and probably the leader and first choice by the majority of holders in the Philippines

Abra
Abra operated on 4 continents and they have an active presence in my country

PDAX
Pdax is a new player but already generating support from the community

My country is now ranked 2nd when it comes to Crypto adoption

Philippines places 2nd in the Global Crypto Adoption Index

How about you what are the platforms, like news aggregators, market aggregator,s and exchanges that support adoption in your country