Why BTC rates in Iran is so high - page 3.

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: Neverlost on September 06, 2018, 07:11:24 AM

my title is the question and I am wondering if i can sell bitcoin to the people in Iran via Local Bitcoin . If not , please give me a reason

what country are you in? in the USA and several other countries, doing business with iranians is prohibited due to the ongoing economic sanctions. and the penalties for violating sanctions are very steep: fines up to $1 million and up to 20 years in prison for each violation. i would avoid getting involved with this if i were you. Wink

it also seems like there is indeed a premium for BTC in iran, but it's much smaller than originally reported.

ZazaG7

newbie

Activity: 82

Merit: 0

The cost of bitcoin in fluctuating without fail. This is the purpose for expanding the cost of bitcoin in Iran. Moreover, the cost of 1 dollar = 42105.00 Iranian Rial. In this way, as indicated by this, the cost of bitcoin is high in Iran.

cryptogideon19

member

Activity: 316

Merit: 10

I think you should know if the news is real or not. And if the price in Iran is too high then just look on market it's real or not. And iran is not a special country that BTC is too high enough for them I think it's not real

just read news for better.

BTCCavalletto

newbie

Activity: 176

Merit: 0

According to the latest data, the price of 1 bitcoin=6418 US Dollar=270223136 Iranian Rial which is huge. Beside this, there are so many fake news which spreads rumors about the price of bitcoin in Iran.

Atrom_84

newbie

Activity: 41

Merit: 0

The price of bitcoin in fluctuating every time. This is the reason behind increasing the price of bitcoin in Iran. In addition, the price of 1 dollar = 42105.00 Iranian Rial. So, according to this, the price of bitcoin is high in Iran.

lokas0506

member

Activity: 373

Merit: 37

As a lot of people were wondering why bitcoin is traded around 30 % more on Korean exchanges at some point …

Neverlost

newbie

Activity: 15

Merit: 0

Thank you so much guys

matthewoz101

jr. member

Activity: 308

Merit: 2

Quote from: Neverlost on September 06, 2018, 07:11:24 AM

my title is the question and I am wondering if i can sell bitcoin to the people in Iran via Local Bitcoin . If not , please give me a reason

It's simple. The value of fiat is going down so many find Bitcoin to be a smart investment. It may be a smarter investment than holding the fiat. The more rial value, the more valuable BTC becomes when trading aginst rial.

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Obviously Iran has major currency problems at the moment. With a fiat falling that fast bitcoin must seem fantastic.

However selling to the people of Iran may get you a lengthy prison sentence. The sanctions you hear a lot about apply to you as well. U.S . citizens and U.N. member nations may not do business with Iran. Not saying it's a great idea, but it is a law that is enforced.

Xenrise

sr. member

Activity: 672

Merit: 251

Include the rates of Iran's BTC rates. It is probably a scam if you're talking about the high btc rates. Don't fall for that.

Neverlost

newbie

Activity: 15

Merit: 0

thanks for the infomation sir , so why dont by BTC from Iran by Usd,its cheaper

dothebeats

legendary

Activity: 3542

Merit: 1352

Perhaps you might be one of the victims of a fake news spreading from a website that didn't took the time to validate and check sources. Doing a quick search, the rate of 1 bitcoin on Iran is 110,000,000 rial at its peak, or if converted to USD, about $2400 more or less which is very far from the reported value. Also do keep in mind that the Iranian rial is falling hard against the dollar as we speak, so any recorded value on Exir's website might have been affected by the rapid change of valuation of the Iranian rial against the dollar.

Neverlost

newbie

Activity: 15

Merit: 0

my title is the question and I am wondering if i can sell bitcoin to the people in Iran via Local Bitcoin . If not , please give me a reason

Topic: Why BTC rates in Iran is so high - page 3. (Read 692 times)