Topic: What difficulty do you face on trading bitcoin? - page 3. (Read 819 times)
In the same way, I am from a country that is not illegal Bitcoin, but as they have already said before, P2P exchanges, and an excellent one like Hodlodl, I think it is excellent, you also have the option through a friend who does the exchange and deposit it to your bank account, it is an easy way to have the fiat money.
I'm a citizen of a country where bitcoin is illegal and there's no good way of trading bitcoin in legal way and secured way. I have been trading through the community I have built within these years but sometimes I got difficulty selling bitcoin, not much although. If you are from a country where BTC is legit, I think you are enjoying trading bitcoin. But what about the countries where BTC is illegal? Do you have any such way to trade bitcoin securely? I would love to hear the experiences, difficulty you faced/faces.
I guess I’m lucky because I have never had such difficulties with bitcoin or any cryptocurrency because they have been legal in my country right from time.As for your country, I think those who are going to be having more problem are those who are still getting to know about Bitcoin before it was declared as an illegal asset there, because these people wouldn’t know how to go about it, whether it’s selling or buying.
But, I still think there is hope for such people because decentralized exchanges like LocalBitcoin.org and similar exchanges provides a way to trade and stay safe. The only thing you will have to find someone that is not going to take your coins and run.
bitcoin is allowed in my country so maybe I have no trouble selling bitcoin and taking money from the bank makes it easy for me and makes me more enthusiastic to work in this bitcoin bounty also helps a lot with my finances so this is very encouraging if the country is difficult or illegal bitcoin. I think that country will find it difficult to get and follow other developed countries in the field of money technology so you must always be enthusiastic about the bitcoin campaign and attend many seminars on the importance of cryptocurrency finance that is connected to many parties
BTC is illegal in my country and its transactions are punishable offenses. Even then I don't have much problem selling BTC here, I trade very carefully. There are many reseller groups where the demand for Bitcoin is much higher than any other currency. I have a close relationship with some resellers where there is no problem of trust.
I'm using a VPN and some of the trading platforms I'm using right now are allowed me to use the VPN because it's all requires the KYC every time you change a country to access still this is secured to use.
Having a peer to peer transaction is quite risky on them because they need to meet outside and make a transactions we want to avoid getting trouble if this is kind of set up.
In the case if you want to do a peer to peer transaction you can actually use the decentralized exchanges where you won't have to pay huge fees that are always done when we are withdrawing our bitcoins from our wallet and also you won't have to do any KYC also if you are using any decentralized exchange. It is the best suitable method of buying and selling your cryptocurrencies even in those countries where bitcoin isn't legal till now. Previously I also used to buy and sell my bitcoins without any exchange using marketplaces where people used to accept PayPal and even bank transfers too. Having a peer to peer transaction is quite risky on them because they need to meet outside and make a transactions we want to avoid getting trouble if this is kind of set up.
On most exchanges, there are no commissions charged for entering cryptocurrency. But to withdraw earned money, you need to pay.
Do you have any such way to trade bitcoin securely? I would love to hear the experiences, difficulty you faced/faces.
I never had any problems trading bitcoins or any other cryptocurrencies. In your case, if you want to trade but it's illegal on your country, then choose those exchanging platforms that does not require you to submit KYC forms. There are decentralized platforms you can join in.
Just be careful on deciding where exchange you'll want to trade.
money difficulties, and how can set the best bitcoin rate, because the movement of bitcoin today and the next day, even this hour and the next hour is different. so I think maybe we should try to be more patient and try to be smart at analyzing price movements in trading
The difficulty that I face in trading bitcoin is the same as trading with other cryptocurrencies is managing my portfolios properly and preventing not having huge losses. But the main difficulty that I face in trading bitcoin is the high fees because if I trade a higher amount of bitcoin the fees will also get higher, that is why I sometimes experience a difficult time setting up my trade.
I think this is a huge problem even if you want to love to make a trade but the problem is this is illegal it's a huge problem. In my opinion, it's better to use a Virtual Private Network (VPN) to make trades and access to your trading platform even this is illegal just take it carefully to avoid getting caught you.
I'm using a VPN and some of the trading platforms I'm using right now are allowed me to use the VPN because it's all requires the KYC every time you change a country to access still this is secured to use.
Having a peer to peer transaction is quite risky on them because they need to meet outside and make a transactions we want to avoid getting trouble if this is kind of set up.
You don't need to be confused because many people can still trade even though their country considers Bitcoin illegal.
The most popular way that people living in countries where Bitcoin is prohibited is to use a VPN to join exchanges that
do not require KYC procedures, another way is to use P2P platforms and can also use exchangers such as paxful or
bestchange. The solutions I have mentioned are quite safe to use.
The most popular way that people living in countries where Bitcoin is prohibited is to use a VPN to join exchanges that
do not require KYC procedures, another way is to use P2P platforms and can also use exchangers such as paxful or
bestchange. The solutions I have mentioned are quite safe to use.
I'm using a VPN and some of the trading platforms I'm using right now are allowed me to use the VPN because it's all requires the KYC every time you change a country to access still this is secured to use.
Having a peer to peer transaction is quite risky on them because they need to meet outside and make a transactions we want to avoid getting trouble if this is kind of set up.
You don't need to be confused because many people can still trade even though their country considers Bitcoin illegal.
The most popular way that people living in countries where Bitcoin is prohibited is to use a VPN to join exchanges that
do not require KYC procedures, another way is to use P2P platforms and can also use exchangers such as paxful or
bestchange. The solutions I have mentioned are quite safe to use.
The most popular way that people living in countries where Bitcoin is prohibited is to use a VPN to join exchanges that
do not require KYC procedures, another way is to use P2P platforms and can also use exchangers such as paxful or
bestchange. The solutions I have mentioned are quite safe to use.
For me the most difficult parts in trading bitcoin are understanding fees and time needed for transaction to reach reserver. So many factors that impact on speed and price makes it difficult to arbitrage bitcoin.
I can get used to speed - always use slowest transaction and expect bitcoin to arrive “during a day”. But transaction price is difficult to predict. Today slow transaction cost 10 cents, tomorrow 5 dollars.
This is the difficulty we encounter when trading bitcoin is the fees and doing some arbitrage trading. About arbitrage trading is really risks thing to do since price is not predictable. When price is increase the fees does increase also. So we should also consider the fees when doing trading and think of the profit if you can still earn. I can get used to speed - always use slowest transaction and expect bitcoin to arrive “during a day”. But transaction price is difficult to predict. Today slow transaction cost 10 cents, tomorrow 5 dollars.
In my country, people have not yet implemented cryptocurrencies, very few people know about this topic. But this has not been an impediment to having learned to use a cryptocurrency platform (MintMe). This platform allows you to make donations, and if you want and have a entrepreneurship, you can do it and monetize it. Several friends of mine have cheered up and have already started using it too.
For me the most difficult parts in trading bitcoin are understanding fees and time needed for transaction to reach reserver. So many factors that impact on speed and price makes it difficult to arbitrage bitcoin.
I can get used to speed - always use slowest transaction and expect bitcoin to arrive “during a day”. But transaction price is difficult to predict. Today slow transaction cost 10 cents, tomorrow 5 dollars.
This is the difficulty we encounter when trading bitcoin is the fees and doing some arbitrage trading. About arbitrage trading is really risks thing to do since price is not predictable. When price is increase the fees does increase also. So we should also consider the fees when doing trading and think of the profit if you can still earn. I can get used to speed - always use slowest transaction and expect bitcoin to arrive “during a day”. But transaction price is difficult to predict. Today slow transaction cost 10 cents, tomorrow 5 dollars.
At the moment, I do not face any difficulties when trading bitcoin. The industry has grown too much since I first started.
Is it so? Maybe possible if your country supports cryptos.
But many countries like India and Bangladesh, they consider cryptos as illegal.
Traders from these countries do really face a lot of difficulties.
To convert Bitcoins to Fiat a lot of patience and risks are required.
Traders rely on sites like Localbitcoins to trade their hard earned BTCs.
Nevertheless let's hope for the best and will surely some day all the difficulties will be solved while doing trading.
At the moment, I do not face any difficulties when trading bitcoin. The industry has grown too much since I first started.
Is it so? Maybe possible if your country supports cryptos.
But many countries like India and Bangladesh, they consider cryptos as illegal.
Traders from these countries do really face a lot of difficulties.
To convert Bitcoins to Fiat a lot of patience and risks are required.
Traders rely on sites like Localbitcoins to trade their hard earned BTCs.
Nevertheless let's hope for the best and will surely some day all the difficulties will be solved while doing trading.
For me the most difficult parts in trading bitcoin are understanding fees and time needed for transaction to reach reserver. So many factors that impact on speed and price makes it difficult to arbitrage bitcoin.
I can get used to speed - always use slowest transaction and expect bitcoin to arrive “during a day”. But transaction price is difficult to predict. Today slow transaction cost 10 cents, tomorrow 5 dollars.
I can get used to speed - always use slowest transaction and expect bitcoin to arrive “during a day”. But transaction price is difficult to predict. Today slow transaction cost 10 cents, tomorrow 5 dollars.
The very first thing you should consider is to create a wallet that will leave no track of your identity, then try to use TOR browser to browse some website that offer local trading. I'm pretty sure that most of the trading platform is not allowing people from your country to trade, but trading peer to peer might be quite risky. Or another way for you to trade is to create an account using VPN of a specified country, there's a possibility that you can access binance and other trading platform.
Being a user in the Cryptocurrency Industry while being in a illegal country is worth the risk. I mean, if you are really careful, people wont get to know that you are gaining Cryptocurrency but of course there will be risk that can be encountered. One difficulty that can be expected is how to cash out your Cryptocurrency if you need them. Cashing them out on your own will really be detected since some wallets have some options where you can cash out your money into local banks within the country. A safe way of doing that is cashing out money in another country by your trusted friend but that would be hard.
I'm a citizen of a country where bitcoin is illegal and there's no good way of trading bitcoin in legal way and secured way. I have been trading through the community I have built within these years but sometimes I got difficulty selling bitcoin, not much although. If you are from a country where BTC is legit, I think you are enjoying trading bitcoin. But what about the countries where BTC is illegal? Do you have any such way to trade bitcoin securely? I would love to hear the experiences, difficulty you faced/faces.
If cryptos are illegal in your country then better stop trading them because more chances you will get caught if you are actively involved into it.You can buy bitcoin from peer to peer exchanges where prices will be premium since it is banned there and hold it on your wallet not in the exchange at any cost. Jump to: