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Topic: Which countries or currencies do not have their own bitcoin exchange yet ? (Read 2922 times)

hero member
Activity: 812
Merit: 500
India does not have bitcoin exchange because the central bank is very much against cryptocurrency.  They shut down the only exchange there, BTCXIndia, and Indians banks do not deal with bitcoin exchanges.  This is common is other countries where bitcoin is essentially banned.
Oh, it is very annoying, so how do you redeem bitcoin to money,
Many peoples doing this job privately and  exchanging bitcoin in Rupees easily I send many time payments to India without any problem
sr. member
Activity: 294
Merit: 250
what are you talking about? of course there are exchanges in india!

https://btcxindia.com/

https://www.unocoin.com/

https://www.bitquick.in/


 Roll Eyes


@kostya.ash
bitcoin is money. you will find out.
Hehe i mean how he exchange bitcoin to money(dollar or etc) in there country ?
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
what are you talking about? of course there are exchanges in india!

https://btcxindia.com/

https://www.unocoin.com/

https://www.bitquick.in/


 Roll Eyes


@kostya.ash
bitcoin is money. you will find out.
sr. member
Activity: 294
Merit: 250
India does not have bitcoin exchange because the central bank is very much against cryptocurrency.  They shut down the only exchange there, BTCXIndia, and Indians banks do not deal with bitcoin exchanges.  This is common is other countries where bitcoin is essentially banned.
Oh, it is very annoying, so how do you redeem bitcoin to money,
hero member
Activity: 546
Merit: 501
India does not have bitcoin exchange because the central bank is very much against cryptocurrency.  They shut down the only exchange there, BTCXIndia, and Indians banks do not deal with bitcoin exchanges.  This is common is other countries where bitcoin is essentially banned.
newbie
Activity: 31
Merit: 0
if you count localbitcoins then a fair amount of countries have it but if you are talking about dedicated exchanges per country wise then m sure there are many countries which still doesnt have it
hero member
Activity: 658
Merit: 500
Most of the Asian countries do not have their own Bitcoin exchange yet.
Indonesia has their own exchange luckily :p
We can exchange the btc to money which will be sent to our local bank account

The only Asian country that doesn't had any exchange is Singapore as far as i know
Any singapore people to clarify this ?
Thats right, in Indonesia you can exchange your bitcoin with money and go straight in your bank account very easily right ? You can also draw your money at atm bitcoin in Indonesia
hero member
Activity: 784
Merit: 501
Most of the Asian countries do not have their own Bitcoin exchange yet.
Indonesia has their own exchange luckily :p
We can exchange the btc to money which will be sent to our local bank account

The only Asian country that doesn't had any exchange is Singapore as far as i know
Any singapore people to clarify this ?

Many Asian country do not have there own bitcoin exchange. Almost none of the Arab nations have their own bitcoin exchange.
hero member
Activity: 966
Merit: 501
Is there any exchange in India?

I haven't seen any exchanges yet in India, I visited India 6 months ago, but for my surprise I couldn't find a single shop where they accepts bitcoins as a mode of payment, the only thing in demand in India is Credit Cards, majority of the people use credit cards for making payments.
hero member
Activity: 714
Merit: 528
Most of the Asian countries do not have their own Bitcoin exchange yet.
Indonesia has their own exchange luckily :p
We can exchange the btc to money which will be sent to our local bank account

The only Asian country that doesn't had any exchange is Singapore as far as i know
Any singapore people to clarify this ?
legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
localbitcoin has almost every country there is for buying and selling bitcoin but an official exchanger that is located in an specific country, there is a lot of them missing
newbie
Activity: 41
Merit: 0
North Korea for sure.

Also all those small countries that no one remembers, like Nepal or Mongolia.

And of course countries where BTC is forbidden, like Ecuador

Yes you are right. I am from Nepal but i have some bitcoin but that is only near 1btc. The main problem is the income here and also how internet are being used here to surf Facebook and YouTube only. We don't have any bit coin exchange service here.
it is such a opportunity for you to open BTC exchange, right?  Grin
 i really want to open BTC exchange but i dont know how to do that
legendary
Activity: 1218
Merit: 1006
North Korea for sure.

Also all those small countries that no one remembers, like Nepal or Mongolia.

And of course countries where BTC is forbidden, like Ecuador

Yes you are right. I am from Nepal but i have some bitcoin but that is only near 1btc. The main problem is the income here and also how internet are being used here to surf Facebook and YouTube only. We don't have any bit coin exchange service here.
sr. member
Activity: 860
Merit: 423
So far what I found that following currencies have their own real time bitcoin exchanges...

USD, EUR, CNY, INR, CAD.

I am not certain about GBP, JPY & AUD. Can anyone provide info about them ? I would also like to know whether any other major currency have their own real time bitcoin exchange.
sr. member
Activity: 728
Merit: 256
Most of the Asian countries do not have their own Bitcoin exchange yet.

Main reason of this is the internet penetration is far lower in Asian countries. Hence they are less enthusiastic about bitcoin as it is heavily dependent on the internet. But, some Asian countries still have their exchanges catering low volume.
legendary
Activity: 1662
Merit: 1050
Not sure if here in Australia we have a legit one?

I'd be surprised if Australia doesn't have an exchange yet seeing as though New Zealand already has at least three (and possibly more):

http://www.bitnz.com/
http://www.buybitcoin.co.nz/
http://www.coined.co.nz/


AFAIK, independentreserve.com is the exchange serving Australia.
newbie
Activity: 42
Merit: 0
Most of the Asian countries do not have their own Bitcoin exchange yet.
sr. member
Activity: 462
Merit: 250
Any exchange in Belarus, Macedonia, Montenegro, Georgia, Moldova, Armenia? I'd say most African countries don't have any exchange, then, there's Asia.

I think those countries (the African ones) need remittance companies most. They act as a kind of exchange, actually. But I agree that Africa seems to be a huge (mostly) untapped potential market.

African nations first need to be educated enough to use the internet/smart phone in general. Bitcoin comes later...

Fortunately, because of Moore's law and various other factors, it won't be long before even the poorest people living in the poorest countries have access to smartphones and the Internet. It's already happening now with sub-$30 Android smartphones, and the trend will undoubtedly continue in the future.

Any exchange in Belarus, Macedonia, Montenegro, Georgia, Moldova, Armenia? I'd say most African countries don't have any exchange, then, there's Asia.

I think those countries (the African ones) need remittance companies most. They act as a kind of exchange, actually. But I agree that Africa seems to be a huge (mostly) untapped potential market.

some country there have plenty of rich guys due to ptetroil, but apparently they aren't using it well, they just sit there and get richer...

i mean they coul build plenty of bitcoin exchange without problem

Those types of countries tend to have large income and wealth disparities. Not to mention the oil industry tends to favor the USD. So the total number of people who might be interested in Bitcoin might not be as high as you'd think.

North Korea for sure.

Also all those small countries that no one remembers, like Nepal or Mongolia.

And of course countries where BTC is forbidden, like Ecuador


Mongolia does not have a BTC exchange ? Really ? I heard FriedCat set up a mining firm over there. So, I guess they have some local buyer so that mining firm bills could be paid in local currency.

It's also possible that friedcat exchanged his coins to USD and then converted the USD to the local currency.

Not sure if here in Australia we have a legit one?

I'd be surprised if Australia doesn't have an exchange yet seeing as though New Zealand already has at least three (and possibly more):

http://www.bitnz.com/
http://www.buybitcoin.co.nz/
http://www.coined.co.nz/


Well technically the UK doesnt despite several exchanges beng based here banking wires are sent outside the country as SEPA.  Local bitcoins is everywhere so that cant count.

I once used an exchange called Indacoin that was based in the UK. The SEPA stuff is very interesting although I don't think it disqualifies the UK from being a country that has its own exchange. If it's based there and can be used by their citizens then as far as I'm concerned, they have an exchange.
full member
Activity: 210
Merit: 100
My country has an exchange. But it is not acceptable to the government, and It is still active, but the sale are not protected by law.
https://www.bitcoinvietnam.com.vn/
legendary
Activity: 812
Merit: 1000

Well technically the UK doesnt despite several exchanges beng based here banking wires are sent outside the country as SEPA.  Local bitcoins is everywhere so that cant count.
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