Bitcoin Forum

Hello,

*I am gathering some data to build a data-set from different people and wonder if you have a minute to answer my questions :*

You are a Bitcoin / Crypto user, and you are in need to use a service provided by a company, let's say an exchange, or payment processor, wallet or any kind of tool you absolutely need.
For the sake of this example, let's say you can not find any other alternative and you are forced to use THAT service


Question :

- Based on your country of residence, you would trust a company registered in which country ? and why ?

*-> Example : I am American and I would trust a US exchange because of regulations.

The country in which the service is located doesn`t matter that much for me.
The only thing that matters for me are the reviews and customer feedback from other people about the online cryptocurrency service.I don`t wanna be "forced" to use any online service.This creates monopoly and usually  it`s more expensive and not so user-friendly.By the way,i don`t trust US companies that much and if had to choose between USA and EU companies, i would choose EU.

Country doesn't matter as much as regular audits by trusted private companies.

I'd mostly trust an Estonian company, because Estonia is one of the few countries that wouldn't ban crypto overnight, but not so much because of regulations.

That being said, Estonia is too dependent on the EU, so we can't be sure of that either...

I don't mind the location of the company but there are a few that I will think twice before using it. Those considered as a taxes paradise. It's not that I don't trust any company located in but I don't want to make myself a target for the govt. thinking that I am trying to hide millions of dollars (which is not the case lol)

I case you have millions of dollars, you can also change your tax residency. :)

Basically Switzerland is concerned to be the most preferrable location (i.e. Zug canton).

I would trust more in a company based in my own country mozambique


we are dealing with money and on the internet there are many scams, imagine that I invest 400,000 dollars in an exchange and that exchange run way with all my money. the exchange is anonymous, does not know the country where it operates and is not even registered, how the hell I will recover my money? even if I hire a lawyer and for some sort of luck we find the exchange's home country, that means that I will have more expenses because I will have to travel to that country where this exchange belongs and in this unknown country has its own laws.

Now if the exchange is in my own country and I know the laws of my country, then I can recover my money and I will not have many expenses since every process will be dealt with in my own country.

In my country for someone to operate something like an exchange, the person is obliged to treat license and a lot of document and still own physical office

If you are an American citizen then you will automatically know the regulations which will gives you hope about recovering if you face any scams or issues. Also you may find the trusted company based on the positive news and review.
We all know that we cannot guarantee bad things may happen or may not. I will choose those companies based on the customer review and service.
If am investing a huge amount i should know about law and regulation of my country but we are dealing with common currency or internet money. Country is not a matter if we looking for trusted Exchanges.

As long as company can maintenace customer's the trust, Im not concern about the service providers country. As you said, if the there are no alternative for the service , people would use the service at any cost.