Topic: Want to byu 100 BTC in Russia (Read 161 times)

Buying 100 BTC in Russia might not be an easy and safe task. If you follow the news, you should have seen TASS's article about Russia Will 'Never' Consider Bitcoin Legalization or even a major bank's prediction that Russia & China will engineer bitcoin apocalypse which signals the difficulty you might face in legitimately obtaining coins of that magnitude in either of these countries.

Meeting up with a trader and paying cash for the coins is simply not safe. I wouldn't advise doing this. For one, if anything goes wrong during the transaction and the authorities become involved, I don't think you will get any help from Russian law enforcement. In fact, you might face questions concerning the source of funds and they might even blow up the matter into one along the lines of money laundering.

Russia's exchanges are not particularly safe to trade on. Just look at the BTC-E story. And now we have Yobit. If you value your money, you would not risk it with shady names such as Mayzus or any of the fly by night exchanges created a day or so ago.

Traders based outside Russia will probably feel uneasy and nervous about flying to Russia and meeting you somewhere, knowing there is a chance that they might never be seen or heard of again after the transaction.

If you have a way to move the funds to a country with a robust law enforcement system or one with safer banking infrastructures, then you might be able to find a way to buy the entire coins or at least in tranches. You can easily get these coins in countries with more relaxed and liberal rules for the rich such as Singapore or the UAE. Bring all that money to Dubai and you will be welcomed like a Sheikh (well, not literally but you will definitely feel welcome!). BitOasis is the leading exchange in the Middle East. I'm sure you can get coins from them if you have the money to pay for them.

Buying the 100 BTC from a major exchange such as Bitstamp or Coinbase might be extremely challenging if you have a new account with them. They might want to explore your source of funds. The worst part of the process is when they hold your money indefinitely while they do their AML checks.

Hello, im looking forward to invest money in 100 BTC, unfortunatley it's a pretty complicated task for Russia for now everybody i met only second-hand dealers and even couldn't show me a proof that they have coins.

For now im looking for reseller that have representative in Russia.

I would appriciate if anybody could help.

Please contact my telegram - @alexf0und