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Title: Receiving money from Brazilian Friend to Canada? Post by: VirosaGITS on August 21, 2015, 03:53:12 AM Basically the one exchange i found in Brazil has a 12% premium on the BTC going price, so doing it that way would be worse than Paypal.
Is there a legit or a way i didn't think of him either sending me money with minimal fee or him obtaining BTC hassle free-ish at normal price? Title: Re: Receiving money from Brazilian Friend to Canada? Post by: notlist3d on August 21, 2015, 08:26:04 AM Basically the one exchange i found in Brazil has a 12% premium on the BTC going price, so doing it that way would be worse than Paypal. Is there a legit or a way i didn't think of him either sending me money with minimal fee or him obtaining BTC hassle free-ish at normal price? From coinbase "Brazil is treating digital currencies as financial assets, with the Receita Federal imposing a 15% capital gains tax at the time of sale.". So as far as a legal exchange in Brazil chances are it will be high percent. Sadly exchanges because of laws cannot work in all countries. So some specialize in certain countries. Legit way's is paying the extra tax. It sucks but that is the legit way. You could use something such as localbitcoins but you still are going to pay high fees and there is some risk of scams. So for him to buy it there is going to be more then minimal fee sadly. Title: Re: Receiving money from Brazilian Friend to Canada? Post by: VirosaGITS on August 21, 2015, 08:36:13 AM Basically the one exchange i found in Brazil has a 12% premium on the BTC going price, so doing it that way would be worse than Paypal. Is there a legit or a way i didn't think of him either sending me money with minimal fee or him obtaining BTC hassle free-ish at normal price? From coinbase "Brazil is treating digital currencies as financial assets, with the Receita Federal imposing a 15% capital gains tax at the time of sale.". So as far as a legal exchange in Brazil chances are it will be high percent. Sadly exchanges because of laws cannot work in all countries. So some specialize in certain countries. Legit way's is paying the extra tax. It sucks but that is the legit way. You could use something such as localbitcoins but you still are going to pay high fees and there is some risk of scams. So for him to buy it there is going to be more then minimal fee sadly. Hmm. But he can send money through paypal for 3%~. That would seem better. The problem is paypal also keep an extra 2% on currency conversion. And then i have the turn the paypal money into Bitcoin somehow or find a seller here that takes Paypal. This sound like a pain. But 12% is being retarded and not doable. The 15% tax explain the price of BTC on Brazilian exchange, however. Still there has to be a way to transfer fund with smaller amount of fee. If BTC is too expensive then we just have to find a cash way, hmm. Title: Re: Receiving money from Brazilian Friend to Canada? Post by: pedrog on August 21, 2015, 08:46:17 AM Everything about making business with Brazil sucks, it's too expensive for them to buy stuff outside Brazil, it's difficult to receive money from Brazilian users, it's difficult to send money out of Brazil, difficult or prohibitive expensive...
You can check these services: http://www.correios.com.br/ - Canada doesn't seem to be in the list of countries they operate. http://www.sendmoney.com.br/ www.westernunion.com Hmm. But he can send money through paypal for 3%~. That would seem better. The problem is paypal also keep an extra 2% on currency conversion. And then i have the turn the paypal money into Bitcoin somehow or find a seller here that takes Paypal. This sound like a pain. But 12% is being retarded and not doable. The 15% tax explain the price of BTC on Brazilian exchange, however. Still there has to be a way to transfer fund with smaller amount of fee. If BTC is too expensive then we just have to find a cash way, hmm. Paypal can only be used for purchases, not money transfer. Title: Re: Receiving money from Brazilian Friend to Canada? Post by: mudiko on August 21, 2015, 05:34:55 PM I think BTC should be the best way.
Title: Re: Receiving money from Brazilian Friend to Canada? Post by: tommorisonwebdesign on August 21, 2015, 05:43:44 PM Yes, there are a lot of governments who like the status quo and are doing everything they can to stop Bitcoin. If I were in your position, I would try localbitcoin.com but be careful. Try to find an exchange or individual who is trustworthy and of course use your basic instinct.
Title: Re: Receiving money from Brazilian Friend to Canada? Post by: maku on August 21, 2015, 06:00:12 PM I think BTC should be the best way. That is right but the op saying that the only Brazilian exchange who offers BTC is extremely fee hungry and buying btc from them is a waste.That is why his brazilian friend have no access to btc and can't send him raw btc. That is the problem here. Title: Re: Receiving money from Brazilian Friend to Canada? Post by: guitarplinker on August 21, 2015, 06:36:36 PM Paypal can only be used for purchases, not money transfer. If the funds are sent through friends and family you can transfer money through PayPal. VirosaGITS could use that method (without having problems) if he's receiving money from his friend.Title: Re: Receiving money from Brazilian Friend to Canada? Post by: VirosaGITS on August 21, 2015, 07:47:18 PM Everything about making business with Brazil sucks, it's too expensive for them to buy stuff outside Brazil, it's difficult to receive money from Brazilian users, it's difficult to send money out of Brazil, difficult or prohibitive expensive... You can check these services: http://www.correios.com.br/ - Canada doesn't seem to be in the list of countries they operate. http://www.sendmoney.com.br/ www.westernunion.com Hmm. But he can send money through paypal for 3%~. That would seem better. The problem is paypal also keep an extra 2% on currency conversion. And then i have the turn the paypal money into Bitcoin somehow or find a seller here that takes Paypal. This sound like a pain. But 12% is being retarded and not doable. The 15% tax explain the price of BTC on Brazilian exchange, however. Still there has to be a way to transfer fund with smaller amount of fee. If BTC is too expensive then we just have to find a cash way, hmm. Paypal can only be used for purchases, not money transfer. He send me fund through Paypal regularly so unless you meant in service intent, thats definitively not the case. Thankfully. Paypal can only be used for purchases, not money transfer. If the funds are sent through friends and family you can transfer money through PayPal. VirosaGITS could use that method (without having problems) if he's receiving money from his friend.Almost 100% correct, everyone has the option to "send funds" but "to friends and family" that let you avoid fees isint even an option to Brazilians. And if you send to friends and family internationally i've still been hit by the fee. So the only fee-less Paypal transfer i ever done was Canada to Canada and US to US accounts. - Thanks for all the replies, but yes thats correct, the Brazilian exchange has a 12-15% markup, so thats not very workable =/. As such Paypal is the best option currently but its a pain to deal with Paypal and then spend the Paypal funds. I'll have to see if Western Union could be less fees... This sucks however xD Title: Re: Receiving money from Brazilian Friend to Canada? Post by: notlist3d on August 21, 2015, 11:16:03 PM Basically the one exchange i found in Brazil has a 12% premium on the BTC going price, so doing it that way would be worse than Paypal. Is there a legit or a way i didn't think of him either sending me money with minimal fee or him obtaining BTC hassle free-ish at normal price? From coinbase "Brazil is treating digital currencies as financial assets, with the Receita Federal imposing a 15% capital gains tax at the time of sale.". So as far as a legal exchange in Brazil chances are it will be high percent. Sadly exchanges because of laws cannot work in all countries. So some specialize in certain countries. Legit way's is paying the extra tax. It sucks but that is the legit way. You could use something such as localbitcoins but you still are going to pay high fees and there is some risk of scams. So for him to buy it there is going to be more then minimal fee sadly. Hmm. But he can send money through paypal for 3%~. That would seem better. The problem is paypal also keep an extra 2% on currency conversion. And then i have the turn the paypal money into Bitcoin somehow or find a seller here that takes Paypal. This sound like a pain. But 12% is being retarded and not doable. The 15% tax explain the price of BTC on Brazilian exchange, however. Still there has to be a way to transfer fund with smaller amount of fee. If BTC is too expensive then we just have to find a cash way, hmm. Sadly he is in a country that there is nothing he can do to avoid BTC high prices. You could have him send through paypall and you buy BTC and it's less then the fees on his exchanges. With his country having this tax there just is not a easy way to get around it. They don't make tax to be avoided, so this is why it is hard. Title: Re: Receiving money from Brazilian Friend to Canada? Post by: VirosaGITS on August 21, 2015, 11:36:22 PM Basically the one exchange i found in Brazil has a 12% premium on the BTC going price, so doing it that way would be worse than Paypal. Is there a legit or a way i didn't think of him either sending me money with minimal fee or him obtaining BTC hassle free-ish at normal price? From coinbase "Brazil is treating digital currencies as financial assets, with the Receita Federal imposing a 15% capital gains tax at the time of sale.". So as far as a legal exchange in Brazil chances are it will be high percent. Sadly exchanges because of laws cannot work in all countries. So some specialize in certain countries. Legit way's is paying the extra tax. It sucks but that is the legit way. You could use something such as localbitcoins but you still are going to pay high fees and there is some risk of scams. So for him to buy it there is going to be more then minimal fee sadly. Hmm. But he can send money through paypal for 3%~. That would seem better. The problem is paypal also keep an extra 2% on currency conversion. And then i have the turn the paypal money into Bitcoin somehow or find a seller here that takes Paypal. This sound like a pain. But 12% is being retarded and not doable. The 15% tax explain the price of BTC on Brazilian exchange, however. Still there has to be a way to transfer fund with smaller amount of fee. If BTC is too expensive then we just have to find a cash way, hmm. Sadly he is in a country that there is nothing he can do to avoid BTC high prices. You could have him send through paypall and you buy BTC and it's less then the fees on his exchanges. With his country having this tax there just is not a easy way to get around it. They don't make tax to be avoided, so this is why it is hard. But whats the best route when the money is in Paypal? Deposit to debit account (very slow) or is there another low fee way to ultimately get BTC from an exchange? Finding seller who take Paypal could be doable but it's not without its challenges. Title: Re: Receiving money from Brazilian Friend to Canada? Post by: notlist3d on August 22, 2015, 06:19:29 AM Basically the one exchange i found in Brazil has a 12% premium on the BTC going price, so doing it that way would be worse than Paypal. Is there a legit or a way i didn't think of him either sending me money with minimal fee or him obtaining BTC hassle free-ish at normal price? From coinbase "Brazil is treating digital currencies as financial assets, with the Receita Federal imposing a 15% capital gains tax at the time of sale.". So as far as a legal exchange in Brazil chances are it will be high percent. Sadly exchanges because of laws cannot work in all countries. So some specialize in certain countries. Legit way's is paying the extra tax. It sucks but that is the legit way. You could use something such as localbitcoins but you still are going to pay high fees and there is some risk of scams. So for him to buy it there is going to be more then minimal fee sadly. Hmm. But he can send money through paypal for 3%~. That would seem better. The problem is paypal also keep an extra 2% on currency conversion. And then i have the turn the paypal money into Bitcoin somehow or find a seller here that takes Paypal. This sound like a pain. But 12% is being retarded and not doable. The 15% tax explain the price of BTC on Brazilian exchange, however. Still there has to be a way to transfer fund with smaller amount of fee. If BTC is too expensive then we just have to find a cash way, hmm. Sadly he is in a country that there is nothing he can do to avoid BTC high prices. You could have him send through paypall and you buy BTC and it's less then the fees on his exchanges. With his country having this tax there just is not a easy way to get around it. They don't make tax to be avoided, so this is why it is hard. But whats the best route when the money is in Paypal? Deposit to debit account (very slow) or is there another low fee way to ultimately get BTC from an exchange? Finding seller who take Paypal could be doable but it's not without its challenges. The getting from different exchange is kinda dreaming, sadly with his country any exchange operating there will have high fees so that is something he cannot avoid. Paypal is going to have a decent fee aswell as so much risk of seller. I don't think you will find a cheap way of this. If you have a debit account way I would go for slow vs the huge fee. It is kinda sadly which is the best of these crappy ways, there is not a great one that jumps out as good. |