Bitcoin Forum

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.

Btc is illegal in my country. So i also trade though community. Besides, I have good relation with some reseller. So there is no trust issue. You can also try paxful.com . I saw there are many local dealers.

If Bitcoin is deemed illegal in your country, simply trade on peer-to-peer platforms such as Bisq[1] and Hodl hodl[2]. They wouldn't know that the money you're sending/receiving is for bitcoin. But of course, take extra safety precautions. You definitely want to route everything through Tor(Bisq has it on by default).

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[1] https://bisq.network/
[2] https://hodlhodl.com/

Bitcoin illegal in your country as transaction or digital currency payment but for trading and investing almost country in the world allow it, I think the same cases with my country not available using bitcoin as payment transaction but have got allowed make bitcoin as trading or investment assets, many people could save their money in bitcoin.

luckily i live in a country that has no laws against using or investing in bitcoin so i never faced the problems you have struggled with but at the same time i never liked the idea of filling KYC forms in an exchange that is going to get hacked sooner or later. i am already worried about using the exchange itself with my precious bitcoins as it is, i don't want to give them any more things they can lose or worse sell!
luckily i mostly make investment in bitcoin, which means buying it when there is a dip or price is low and for that i choose P2P trades. throughout the years i have found trusted people whom i trade with semi-regularly.

I personally live in a country where BTC is legalized as a digital asset, but not for payment tools. So that trading BTC doesn't meet any difficulties on the law. However personally I have difficulties in analyzing the market chart, still cannot analyze exactly when uptrend and downtrend probabilities. So I am not a good daily trader enough for now. Till now, I am still learning everything related to trading, especially on how to be safe and more profitable on it.

Different countries had different stories here, but luckily I live on the country that bitcoin is freely to use, and anytime and anywhere I can convert it into fiat. I don't know how did you manage to exchange your bitcoin into fiat and it seems your country was banning people who use bitcoin.

I just curious, if you will be caught using bitcoin while it is banned, is there any punishment?

I hope someday this government who keeps banning bitcoin will realize how useful it is.

I do not doubt that you know the laws of your country well, but bitcoin is not legal in many countries as asset to make legal commercial transactions that replace the legal currency (FIAT). But the above does not prevent you from buying or selling it as an Internet asset. What is happening in most countries.


But whatever situation you are in, whether they accept it or not, keep in mind that although they allow its use, there are legal provisions in some countries, where the taxes resulting from the use of bitcoin must be paid.

In the country I am in, it is not legally used to carry out any transaction that substitutes the legal tender, but if its purchase and sale is allowed, without any problem, it is considered a digital asset.

When I was a very newbie in BTC environment, I had very hard times to get someone who will purchase my coin. Sometimes, I even felt stupid why I would have to take BTC as payment, lol. It wasn't easy to get sites to sell BTC; since I was newbies, I did barely trust people dealing online. Nevertheless, BTC is legal in my local, hence, we got some advantages to trade.

It was restricted to buy directly from a bank account. But there was no problem in P2P transactions. So I had to choose the P2P option only for the trading. Now that previous  restriction have been uplifted, So no such problem now and P2P is also available there.

The only option I see which you can try are P2P exchanges, honestly. You wouldn't want to risk it with VPN and fake credentials because exchanges are also quick to spot that too, and might even report you to your local authorities if they deem that you are trying to break their ToS and whatnot. DEX are also a thing now though honestly, there isn't much development on that department in the present times that it isn't even worth bothering--at least for me.

Bitcoin is illegal there so no choice but to stick with the methods you know there.

Using other third-party services might increase the risks of being caught by the authorities there.

Still lucky that you have options there to sell your bitcoins even it's illegal.

I haven't encountered difficulty yet in trading bitcoin since in my country bitcoin is legal. We can enjoy trades daily at all costs. I’m just wondering what punishment a person can acquire if doing illegal activities or against the government in your country. Well, then just to be safe just follow the rules and regulations there in your country since it is hard to put in jail once get caught.

None except for the fact that I'm not that good in trading. That is the difficulty that I'm facing right now.
This is also the reason why I stopped trading already and just focused on buy and hold strategy. It yields lower profits short term but less risky.

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There are many ways for a certain user where Bitcoin is illegal in his country to buy some Bitcoin but to trade like day to day is quite hard I think. You are quite unlucky because there are not that much countries where Bitcoin is illegal right now. Maybe you can change your country if you want :D.

Bitcoin isn't really illegal in our country, heck there isn't much news that are about crypto as far as I can recall. That or I'm just ignorant, but I'm pretty sure it's legal. You should just probably hodl bitcoin for the long term instead of trading. It's a lot safer and you wouldn't need to visit the community to trade and wouldn't need the risk of you getting caught trading. Also, I'm pretty sure you wouldn't even profit much with daily trading with the difficulties you're experiencing right now and I don't think it's worth the effort you're putting out. Just hodl and you should be fine. That, or you can just migrate to another country where Bitcoin is legal, though I doubt you wouldn't have done that already if you could.

That is really unfortunate to hear that the OP's country is still treating crypto as illegal. I am assuming he's getting a lower rate of btc as compared to the global market. Because that's how it works if it is p2p. On my end, though dealing with crypto is legal in my country, the problem (though not really a problem) that I usually deal is that these local exchanges are below like $600-700 from the global market like for example right now coindesk's btc price is about $11282 but if I want to sell it to my local crypto exchange, they are only buying my btc at a rate of $10600. So I guess that's a big loss for the trader. So I wonder how much is the price difference from the OP's side when he deals with p2p?

Even though today, Bitcoin is illegal in your country, but you should be patient and keep on striving to introduce crypto around you, because more and more Crypto users, the government cannot block or totally prohibit its circulation on the internet, so the government will change regulations, like in Russia Cryptocurrency has been legally traded.

I am from a country that is crypto friendly even banks are finding ways to legalized it and still enjoying to trade. Hence, if this will be regulated it will be taxed but not that to afraid of but I think this is the future; digital assets with a tax.

Just like what others are saying best is to trade it P2P there's no other alternatives best than that so you can stay on the safe zone and not on the eyes of the government.

Trading on bitcoin is not so difficult if anyone makes fundamental analysis.But for me I am trying to learn because in trading I face a difficulty as I don't have much risk management knowledge.

I am in a country where Bitcoin is accepted to a certain extent but is also misunderstood, abused in countless of scams, and stereotyped to the point that a mere mention of the word Bitcoin or crypto while opening a bank account would immediately mean rejection. A simple mention of those words could mean a frozen or locked bank account if you already have an existing one. In terms of trade, however, everything could be done smoothly. So I haven't really experienced difficulties.

Anyway, Bitcoin is a borderless currency so if your country is not putting very tight limits as to which specific sites you can access, you can pretty much navigate through the online world and find someone to buy Bitcoin from or someone you can sell Bitcoin to.

As long as I can still trade and invest in bitcoin in the country where I live, it's not a big problem for me even though bitcoin is still illegal in my country but I can still use it.
the government only prohibits it if it is misused because bitcoin is clearly a rival of the government's currency and can be used for black market transactions, money laundering, illegal activities, and tax avoidance. as a result, the government can try to regulate, limit, or prohibit the use and sale of bitcoin and its holders and that in my opinion is a matter of bitcoin in every country.

I am sure that person will find a way to trade bitcoin, even if his countries the bitcoin is illegal. He can use the exchanges from outside of his countries and continue to trade bitcoin. Besides that, we have exchanges will allow people from all countries to trade bitcoin, and that people will be able to send the money to his bank account. And for selling bitcoin, I am sure that there is a person who will become a seller to help his people who want to sell bitcoin because that can be a new job for some people who want to get involved in the crypto world. I think that is happening in many countries, so even if someone cannot trade bitcoin legally, he can still sell bitcoin using the seller's help.

I'm not sure what your problem is. No one goes into your computer to see what you do there. It is clear that you can not buy something in official stores, but you can withdraw bitcoins to the card and safely cash them out. Use a vpn if you are afraid that people will come to your home with questions about earnings

In my country Bitcoin is illegal as well. But selling bitcoin isn't difficult on black markets. There are reseller groups where bitcoin demand is quite high from any other currency. So I am selling peer to peer. Of course, there is a question about the trust but I have built a reseller community with few trusted resellers. So very rarely happening scam. In case if there is big deal then they use escrow. Like few resellers know my house and visited there, so they used me an escrow and that's how more resellers start trusting me. I believe you should build such as resellers community, and open a chat group like FB messenger. So it would be easy to buy/sell your bitcoin.

There are a lot of people today are trying to make the trade because they want to earn a huge amount of money but the problem is even they make a trade most of the time they are losing it because of too much greedy if you want to earn bitcoin try to make it play safe how?

This is one of the things I could learn recently make a lot of earning with the bitcoin with the use of the 0 leverage, it's quite confusing? No, I want to keep it safe there is no chance to make it liquidated because you didn't borrow funds just you want to have is buy at the lowest market price and sell it immediately when keeping on the top but it takes time so patience is a virtue.


According to your statement, what are the things you do to make reduce risk management? Because according to OP he is finding some way to reduce the risk, you must be given those ideas too so we can help each other to gather information and learn from the mistake of each one.

YOu should have chose a good trading platform instead so that it can help you ease up your analysis on the prediction of the crypto market price. Usually after it gets an increase and it will be the right time for you to sell while it will instantly goes down then it is also the best time to buy. But prediction is pretty much difficult this is why I never made in into trading crypto instead I just buy hold and sell in a certain period of time. This is the most likely to make a gain in cryptocurrency investment. The good time to buy crypto is when market is having crash.

I can't give that much stress on your problem since bitcoin is free and legal in my country.

You are addressing the concern of prrt differently to what he's asking. His country declared bitcoin, bitcoin trading or crypto trading as an illegal activity so it's difficult for him and other crypto people to do that 'not so' difficult thing you say.

It doesn't bother wheather it's legal or illegal until and unless you are earning a huge amount of BTC or making a large profit.
If you are the one who makes more profit then you need to sell it or trade it by a lower amount of volume.
Make sure to make good contacts with Resellers who can surely help you to make Bitcoin into FIAT.
Also in may countries where BTC is illegal they used Localbitcoins to trade their coins with cash.
Hope this will help you OP.

Initially there will be huddles as everything is new and in crypto the volatility is higher, so the risk is also equally much higher. People who are less risk averse should be staying away from the trading on other side once you learn the art of trading and can get the direction right of movement you can make good money from it.

You have to learn every factors that affects the market, fundamental analysis helps
traders to anticipate and follow trends.
It gives ideas from where to make your good entry / exit decision making, if you
have this knowledge your chances is better.

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Though this statement is precise but with hard good self educations this
can learned and risk can be minimized.


Everything depends from your seriousness to learn this business, the more
time you spare in learning the bigger chance
that you'll be able to manage learning those patterns and get great chances
to succeed from this venue of investment.

Bisq may be an option as suggested above, but just remember it's not a viable solution if you're looking for daily trades. Is it illegal to own BTC in your country, or is it illegal only to cash out from it? I wonder what happens if you use Bisq and after a few trades you sell BTC to someone and they send you a bank transfer with a "Bitcoin purchase" transaction detail?

If I were in your situation, I would have refrained from trading as much as I could and probably offered some service out here for BTC instead. Throw these BTC into some mixers after you accumulate a higher value and you should be good. Just try to use Tor as much as you can. P2P may sound great, but you're using a bank, and they surely can question your entire bank account history if and when they ever spot something suspicious out about you. Face to face meetings could be just as bad (or even worse). Personal opinion tho.

Luckily, I currently reside in a country wherein Bitcoin usage, trading and investing is not illegal but the case is that our government seems not to care at all but when the news they have got that many of our fellow citizens are up into using Bitcoin and other cryptocurrencies, they told us that they won't prohibit any doing with regards to this kind of currency rest assured that we do it on our own risk and they do not momentarily encourage everyone to get involved on engaging to cryptocurrencies.

So basically I got no problem already on the legality of trading Bitcoin. But in part of that, we have a law that will punish anyone who will use Bitcoin and other cryptocurrencies on money laundering and scamming which is certainly good because we can freely use Bitcoin and at the same time we have some sort of protection from our government.

So far, I am doing good not to face any pressure or problem on Bitcoin trading for I let myself first acquire prior knowledge about trading before I decided to got engage into trading.

Ok, I suppose owning BTC and touching it is illegal in your country. But there is a way of trading it without touching it, do some kinf of financial intrument, like futures, contracts.. This way you dont onw crypto but '' bet '' on his value.

Maybe I was lucky enough because I don't have such a problem but I'd didn't totally enjoyed Bitcoin because it is only a few establishments have accepted Bitcoin for payment. But it is not really an unfortunate situation you have because there is still a way to make trades in the forum. If you already have a good trade in the forum, I believe you already have built a reputation and trust with each other. This means that you can easily make trades anytime you want, well, that using P2P is another option for you to take.

If I were in your situation, I'd rather have to hold (just likely you are doing savings in the bank) more than of making trades. Because one day, it probably Bitcoin that will become legal in your country and you can finally enjoy your BTC's. Though its a long wait but worth it.

I earn a few bitcoin on the forum but don't have many good options of spending them. The bitcoin economy is not so mature in my country. Additionally, i would have liked to hobby mine since the time of the S9 but the miners are just not available as they do not ship here due to ambiguous stand of our custom authorities. And after 2017, the prices for miners have only kept rising.

I don't trade bitcoin for fiat profit as such. I did try doing the buy low, sell high thing but its not for me. I found it better to hold and sell on target prices.

Yeah same, that's not much of my concern as I'm living in a democrat country, we are open to all possibilities  :D

That's the very OP's point, he is getting difficulty with it coz their state already make it illegal for someone to involve in any crypto trading activity, that's very unfortunate not just for you but also for your fellow crypto users. Others might think that they can still use it coz it is decentralized so they are never going to be found by the authorities, YES it could be, but still it is a risky one coz what if someone whistles you out?

My only difficulty in bitcoin is the transaction fees, as we know it gets higher when it is congested, and the network is congested when the price is surging, so I can't easily get out of the market without paying high fee.

My country doesn't even care about btc, there are no on going talks about it in the government as well. We can sell, buy, or use it if we want as long as we are not getting involved to other business that are prohibited by the law. My only problem is the high fees when I am getting my btc from a local wallet. Add the fact that I am really not good in trading as well.

If btc is illegal in your country, try using p2p. I think you should start knowing people in the industry too. Where are you from by the way? Maybe there are users here who also live there that can help you.

Do they allow accounts from Bangladesh? I think no. Even if they do, still it's not possible because financial services from our country will never associate us on such trading, rather they will ruin me. Although I don't know what's the payment processor both of these allow.

I can understand with traders whose countries banned Bitcoin, it must be difficult to sell or buy Bitcoin. But there is always
a way to overcome it, the first way you can use P2P platforms. Can also use DEX exchanges, fortunately I did not experience
obstacles like you. Because my country legalizes Bitcoin, it's easy for me to trade Bitcoin.

I do think Government does have their highs and lows while dealing with the cryptocurrencies as for my part , I was trading when the cryptocurrencies were legal , I was trading when they became illegal , I even traded when they became legal again , now since they want to ban it again , trust me *I will keep on trading*.

How I did it ?
- Own community network
- Making sure the wallet does not need KYC
- Have temporary resident permit of other country therefore there it was legal so did not have to worry much
- Money I made sure was deposited in the country from where I can very easily convert it into other currencies, trading I did 50% of the time in cash

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I even helped other people from my home country to trade their cryptocurrencies during the illegal times without any charges to increase the adoption of Bitcoins.

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Sometimes I had to pay fee 2*3 times , but even though the cryptocurrencies were illegal , the market did not stop !! It kept on growing , the Government thought they will be able to control it somehow but when they realized their efforts in banning cryptocurrencies did not work well , they stopped .

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I haven't faced any difficulties so far, but I always have these worries that if I'll try to withdrawing a large sum to my bank account, it will get frozen and I'll be asked to explain where do the money come from. And then I'm thinking, they won't like my response that I'm a crypto investor, they'll immediately suspect money laundering, etc. This is why I haven't mixed my coins, I have a feeling that it will make my coins too suspicious. And I don't want to risk with p2p trading for cash, the chance of getting scammed or robbed is too high.

Trading is really different from using it to buy goods. Well in some countries, Bitcoin and other cryptos are not yet accepted as a medium regarding online and offline services. But investment towards it would be accessible to all people around the globe  The problem may arise on how can they make use of their profit from their investment. Will they be able to convert it just like the way they have invested into it?

Peer to peer transactions would be a good idea especially if there is a struggle making an online transaction, in particular with the legality of Bitcoin in your country. When it comes on being scammed or being robbed, checking one's profile I think, would help. Trying not to make transactions with people having less identity would somehow lessen the risk.

Not just rely on fundamental analysis made by others. You should be able to understand it too, especially technical analysis which will be very important for trading bitcoin or other altcoin. it's not just a matter of guessing prices will go up or down, but you should be able to do an analysis of the market, where the market will go and what the next trend will be. Learning about capital management risk management is also important so that your trading capital stays safe and can get consistent profits.

The biggest issue I've experienced trading bitcoin thus far is lack of trust to wrap up deals. In my country, there's no ban or laws restricting citizens from indulging or trading cryptocurrencies. In spite of this, Its a little too hard to get trustable people to work with and build a network. Other minor issues is passing KYC on some of the platforms is basically impossible. Although this is manageable to an extent. Aside from these, I have no other difficulties for now.

In my country Bitcoin is legal i dont have any problem converting it through cash to be able to use it for payments, goods and services. My only problem is that, the third party custodial wallet has a high fee when trading or converting. Regarding with your issue, you can use exchanges that are not regulated in your country and trade it to USDT or USD if the exchange supports it, then send to paypal.

How much is the fee that costs you with the local exchange? in my country, the fees are quite acceptable and it's a convenient option so that's not a problem for me.

Wouldn't be that an implication if he'll convert it to PayPal funds?

Same problem here, in my country most services and transactions are paid mainly in fiat. The third party wallet sure here gets a big cut in my country and that is just another part of the problem, there is no innovation for businesses to integrate cryptocurrency transaction to their establishment which is pretty icky in my part as a crypto user because again with the cuts from wallets. Regarding legality, cryptocurrency in my country is still in a gray area because the legislators are far too corrupt to worry about that which is pretty frustrating.

Thats not a problem mate you can convert your btc on other payment solutions like paypal Im sure its not illegal on your country, right? If still illegal then your leaders are the burden in your country digital payments are the future of money every country needs to slowly adopt this new financial system otherwise your country will be left behind.

I think you need to be patient to wait for that time. If your government finally sees the chance for bitcoin to be used as an alternative payment system, then you will see that bitcoin will be used as money/fiat. You can feel happy to see bitcoin is legal in your country while other countries still not accept bitcoin or make it legal, so they need to wait for some time to see that will happens.

Nice comment, where there's a will there's a way! In my country there're no laws about crypto, so I didn't have such problems with legality, but if they start creating some laws, I am going underground, I am sure I will find a way to continue with all my crypto activities.
Crypto is the place where we can be free, you just need to know how to do it. And it's not some magic, it can be learned and what is learned can be applied in everyday activities. I wish you luck man in trading and avoiding government rules!

Not sure about HodlHodl, but Bisq surely does allow you to use it from Bangladesh as well. If Bitcoin is considered an enemy (or is banned) in your country, there isn't much you can do besides trying to avoid your detection. Bisq works through TOR nodes as far as I know. You can look there for face-to-face transactions, or check out Mycelium wallet. They have a quite new feature that allows you to check for nearby sellers/buyers as well.

Here in the Philippines, I see no difficulty in trading Bitcoin and other cryptocurrencies. It’s because Philippines is a crypto-friendly country, allowing it as payment method and trading to other cryptos or fiat conversion. It is well-regulated by the Bangko Sentral ng Pilipinas (BSP) as well and multiple VCEs also approved by them.

The only difficulty that I’ve faced in terms of Bitcoin trading is decision-making on when to buy or sell due to the unpredictable market conditions nowadays.

Does decision making really considered as a difficulty?

It comes from your own self and the only thing you need to do is to believe on what you have decided. Compared to other countries which bitcoin is illegal, decision making on whether you will buy or sell is nothing. Decision making should come from what you believe what is right and you should follow it.

What difficulty we often face is our fear. The fear to risk what we can risk. We are afraid to believe in ourself that's why you consider decision making as a difficulty wherein fear is the root of being undecided.

Peer to peer transactions should be fine for you for now since your country has not yet awakened to realize what goodness BTC can bring to your country. The only way you can trade in good shape is when your government lifts the banned on Cryptocurrencies just like us. Since you don't have a problem with trust when trading with the other holders, you are also in good shape as well. When you don't have enough courage to trade BTC in the country like yours, you won't feel the sweetness of the market when the price is going up.

I am actually glad to hear from you that there is no difficulty in your country in conducting any transactions related to crypto because there are no restrictions imposed by the government. this is certainly a separate moment that should make you more confident, compared to those in the country that cannot accept crypto as a recognized exchange tool.

indeed every step with regard to finance is certainly very necessary to be done with great care, because obviously this is related to funds that may be lost or reduced which will result in the fear of loss can be greater than the benefits that might be received.

but it must be remembered that if there is no willingness to execute then we will not be able to move one step further. analysis with good reference through the information that is widely available would certainly be very helpful.
any work can be ascertained there will be a risk of living how we minimize these risks, if we don't dare and doubt then we will never learn from the shortcomings that we might get to be repaired in the future.

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.

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.

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.

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. 

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.

One of the difficulties that I have experienced in trading is when I am converting my coins into fiat. At first I font know what to do when converting my coins into fiat then one time I am sending my balance into my address then I didn't notice that I put a wrong address imagine that? In just a glance the fruit of my hard work we're gone and what saddens me the most is I am going to use that money for my tuition fee but in just one mistake I've lost all of my money. :(

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.

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 (https://www.mintme.com/)). 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.

I won't suggest arbitrage trading with my friends because of the risk they need to pay. The time consuming and the fees to send the bitcoin from one exchange to another exchange will not always get fast confirming, making your heart beat fast and worry about waiting and seeing the transaction if finished. You should not use arbitrage trading to trade bitcoin because I am sure that you can trade with the normal trading that we always did, and I think that will be safer for you.

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.

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.

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.

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

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.

On most exchanges, there are no commissions charged for entering cryptocurrency. But to withdraw earned money, you need to pay.

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.

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.

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

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.

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.

That's the best tool, having enough patience will keep you to stay from this investment. This volatile movements are really hard to predict
You need to have a good anticipation and observation skills to make things works favoring your position.



That works if you really trust your friends, it will quicken the process and you'll not be risking much.

The most secure way to trade is with a VPN. By changing this address, you are changing the country in which you are located and the provider cannot determine your location. Also, I would not spread information among your friends and acquaintances that you are trading bitcoins. If you follow these two simple rules, then there should be no problems.

Good thing that we have no legality issues when it comes to Bitcoin usage so the first problem that can be a hindrance for me to trade Bitcoin is already eliminated. When it comes to trading Bitcoin, well of course you do need to have funds which supposedly your own fund and not other people's fund to avoid conflict when time comes that you are failing to gain profits on doing trades. That was the first problem I have faced when I am deciding to trade with Bitcoin on when I must get first funds so I do other crypto related works to gain funds. Next, is on how would I do a successful trade, that was the next problem I have faced knowing the price of Bitcoin is really volatile which makes it a difficult task for me to understand first how trading works. So I did observe, learn to interpret charts and other related stuffs that could help me to understand trading and that is when I already learn and have a good fortune on doing trades

Those things are beyond the past when I am just starting my trading journey. Yes it have gone a long process but it is the best way to do it. Learn first before engaging to avoid doing fail trades and just keep up on doing successful trades to gain profit.

Me too, my country hasn't yet legalize the crypto currency and that makes me having a hard time when I am cashing out my coins but I have a lot of friends who is also doing it and they are always advising me what to do so that I don't get caught and my job in crypto currency won't taken away from. The most common thing they are always saying to me is to use VPN so that we can fake the place where we are making transaction and it will also make the country doesn't found out about us.

Well bitcoin trading is difficult if it is all about day trade. No one can expect earnings on it because day trade for me.is not really that profitable because of unpredictable market value of bitcoin. However, short term trading will do. You ca sell bitcoin whenever there is a slight increase in the market price of bitcoin and when it suddenly drop then buying again would do great. But if it going to go.high then the pressure will be on decidong whether to buy bitcoin again or not.

I think if you really dedicated to trading or investing in bitcoin their are always some ways since its bitcoin cannot really fully banned in one country.

Luckily it's not banned in my country and probably bitcoin has a bad image in my country because it is used in some illegal scam activities, but still, as long as you understand bitcoin you still going to invest in it.

Not being greedy is the safest way to trade Bitcoin. As for the difficulties faced when trading Bitcoin is anxiety itself. Anxiety when trading for me really affects my mental when making decisions. This anxiety causes me to think negatively such as "Will I have anything to lose?" or "Will I lose assets". that is the difficulty for me personally when trading.

And besides feeling anxious when trading, my ability to manage my portfolio is another problem. Even though I have been trading for years, I still can't make a good portfolio.

Although bitcoin has a bad image to be used for some illegal activities, bitcoin still be used for a good thing, so I think it makes bitcoin position is on a grey side.

Trading bitcoin itself needs more time to understand how to trade with good, and we can not imagine that we will have a high skill in a short time. No pain, no gain.

But the biggest difficulty that we always face is when we already analyze and buy bitcoin, but suddenly, the price drops without we can predict. That makes some of us who already buy bitcoin will be panic, and confuse to determine the next step that we need to do.

difficulty determining the market and predicting the market for bitcoin prices, because we know that the bitcoin market is very difficult to predict and can immediately go up and immediately fall. So I think only professional traders can do market analysis to deal with bitcoin trading difficulties.

Yea, this is very problematic as i am also facing this problem as BTC transaction is illegal by our government. But we can not stay home where worldwide doing business legally or illegally. We also made some community where we can sell our BTC or alt coin and basically i do not believe on any 3rd party online payment because as my country illegal so if the site take away my money or BTC i can not do anything against the site. So better we sell to local community and take instant money

thanks.

I don't agree with you. An ordinary user who has been studying the topic of trade analysis for at least a couple of months can also predict the market movement with a high probability. It is not necessary that only those who have been doing this for several years will know all the pitfalls. A lot of information is collected on the Internet on this issue and if you have enough motivation then everything will work out.

In my country bitcoin is not recognized, the transaction to exchange cryptocurrency for fiat money or vice versa is between people, there are many people trading USD to fiat, find reputable people and long-term deals

I think anyone that’s living in a country where Bitcoin is illegal will only be able to trade through decentralized exchanges, because centralized exchanges wouldn’t be functioning in a country where the laws are not in favor of cryptocurrency. Your government can only look into your activities when there are centralized exchanges, or maybe you’re caught and your phone is check and they find something that relates to that.

As for with decentralized exchanges, nobody knows what’s you’re up to, you can as well make use of some IP masking services to clean your track. Overall, I am getting used to trade bitcoins comfortably within all the limitations I am experiencing. I guess a new comer may quit bitcoin if they face all my limitations on their beginning days itself. But, I am into bitcoins for more than five years and I started trading bitcoin only for last 2 years and before that I was studying and watching all the bitcoin related things with respect to my country and with all my available resources for trading bitcoins.

In my country, when I started in 2017, then it was illegal, but at present there is no problem for trading or earning. It is perfect to do anything in our country. I am happy to trade but hopefull,  the price of btc may increase more and more very soon.        

As an Indian its been so easy to trade bitcoins here and mostly people uses LBC and wazirx for trading bitcoin with fiat INR, banks had restrictions in the past due to RBI's action but now it was cancelled by the supreme country.But in future the trading cryptos may get more difficult in our country in a law is in the pending status to make cryptos completely Illegal.

I face no difficulties at all. To be honest the only difficulty that I'm able to mention is the struggle to avoid centralized exchanges and either trade in person or using dex or semi dex platforms. Lately my favourite way of exchanging has been a physical currency exchange where you can simply come with your wallet, pay, wait for 1 confirmation and get cash. Since one bank gave me a warning for receiving money from a crypto exchange, I'm staying as far from them as I can. Fun fact, Bitcoin is legal here, but they can still deny you services if they're against cryptocurrencies for whatever reason.

This is a skill and not everyone would be able to time the market. Timing should not be done, infact one should be able to get the direction of the market and place the trades. This will give the profits more times than losses. Once people learn and get some experience then will be able to make some money from trading as well.

You will be able to trade on local market. In country wise, you will find a lot of people however it legal or illegal in your country.

the difficulty is less predict the market, because the current price of bitcoin is easy to increase and decrease quickly. This is something that will probably make a lot of losses for junior traders, so you still have to do a lot of learning

Well, I am part of the lucky one as BTC and other digital assets is not illegal. If you have built a network of trust, you have reduced your issue to a bearest minimum, the only obstacle is if they are willing to buy when you needed to cash out.

It seems to me that today there are too many ways to trade bitcoin to limit yourself to the limits of the country in which you live. There is the Internet, there are exchanges that do not require KYC, there are cards from other countries that allow you to exchange bitcoin for fiat, there are exchangers that will help you to anonymously exchange bitcoin for fiat. No matter where you are, you can use and trade bitcoin on the web anonymously without any problems.

Fortunately Bitcoin is legal in my country. However there should be some kind of loophole in the law. It always is. ;)
I don't suggest that you break the law, but find legitimate ways to do it.

Maybe you have a friend in another country who can open a off-shore secret account for you, or use a VPN (although I think that's not legal - you should check with a lawyer). What about opening a company in a country like Estonia which has adopted crypto currencies and purchase Bitcoin in the name of the respective entity.

in my country trade is free, and it's not against the rules.
maybe in your country you can trade in a quiet way and without the knowledge of many people. this is in order to make you feel safe in trading

this is what he is doing now because trading is strict in his country  . so far he can trade with minimal problems ,  he can still enjoy that way and there is no big difference to the others where btc trading is not strict  . my country is verry legal on these matters but im not into trading , im not enjoying so dont worry . dont be shy on us     .  my only difficulty is not on restrictions but its about how i handle my bitcoin as i often got confused and tempted on selling my hodlings   .

For me, trading fees is very important to me. I think it is a difficulty to my trading as it is hampering my trading. Besides the price of bitcoin isn't stable.

Like you, I am a citizen of a country where Bitcoin is considered illegal and there is no right way for me to do business with Bitcoin. There is no secure business so i trade and to sell bitcoin i take help from the website where they have been honestly buying and selling for a long time.
Although i have to work from confidential to crypto but so far i have not encountered any problems.
But one day bitcoin will be legalized in my country.

Bitcoin is legalized in some countries right now and you have the opportunity to get a Bank card of any state where it is located within the law and use it to withdraw funds. For small withdrawals, tax authorities usually do not pay attention to cash withdrawals. In our country so.

Just be careful on doing up things because if its considered illegal and when you get caught then you do know the consequences but somehow we are confident on dealing up with crypto due
to anonymity which cant really be easily traced if you are dealing with it secretly and thanks to that even if its banned or illegal into our place but we can still choose to engage with it without
being caught.This is one of the common reasons or problems for those people who do like to deal with crypto but their current countries jurisdiction do really give out that wall which would
really make the citizen hesitate but for those who are dedicated to deal with it then they can opt to bypass without the need of any permission.

To be honest, at first I didn't mind these fees since I was focussed on how much profit I can get in a period of time. I didn't know how volatile bitcoin is that I missed a lot of best chances to sell and buy again. Then fees hit me and I started losing some of that to fees. I guess this is also because I am not aware of the volatility of bitcoin.

In terms of legality, I don't problem with it because in my country trading bitcoin is not illegal. In fact, the government is not imposing any rules to avoid bitcoin as long as it is real investment. They are supporting the ease of the citizens to trade and invest. But the problem here is that only few of my countrymen have knowledge in cryptocurrency. And they think that bitcoin is a scam. Well, in my own problem. I think the volatility of bitcoin is my real trading problem. I didn't really know where it will goes up and down. Besides I am not really pro in trading cryptocurrency.

Bitcoin is volatile and it's the attribute of bitcoin all of the time to see that its price is never been stable. And for the trading fees.

Start comparing the fees of good exchanges and land to the exchange where you think the fee is acceptable based on your preference and the likes of your pricing if they have a justifiable fee.

Selling bitcoin in country that considered bitcoin illegal is pretty easy to be real, there are a lot of websites where you can sell and withdraw funds to your paypal, banks and many more so cashing out and selling it isn't that hard at all. Your country declaring bitcoin as illegal doesn't prevent you from trading it because you can always open websites where you can freely trade bitcoin.

same as me in my county it self trade are free even tho there's some government called "BAPPETI" Commodity Futures Trading Regulatory Agency (BAPPEBTI)

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What difficulty do you face on trading bitcoin? basically is not rules issue is more likely to be emotional issue  ;D when buy cheap and the market dump so hard that's the main problem

This is sufficient to describe the user's situation when bitcoin became illegal. For difficulties in selling bitcoin, you are forced to use a third party as a gateway such as paypal, or localbitcoins and several other third parties. if we trade as usual we can use the market exchange, there are difficulties when we want to sell bitcoin into our country's currency. Bitcoin is legal in my country and there is even a local exchanger that has a cross-border certification as a business organization, so I can't give you any tips because I don't feel the rules of bitcoin are illegal.

With your concern, anything is learnable if you are really keen in learning things that will guide you to understand more about trading, there are influences that you always needs to consider, no sure movements and most are purely speculative. You need to keep on adjusting as anytime changes might take place,. Anticipate and analyze based from your own and not to lean with anyone.

maybe we are in the same country but the funny thing is that our views are different about government regulations, actually bitcoin is considered a commodity in my opinion and is illegal because at that time in Bali accepting payments using bitcoin while it collides with government regulations governing currency in force namely the rupiah currency

In terms of trade the government of our country is willing to take some steps where cryptocurrency will be used. However, I have to suffer a lot to sell bitcoin because third party delivery is not the fastest. Bitcoin is now used as legal tender in many countries and I think we are lagging behind all those countries. However as the crypto market is expanding, it will not be long before it will be legalized in my country very soon.

1. trade your bitcoin on p2p platform.
2. convert your bitcoin into a popular online payment system such as Paypal, perfectmoney, payeer, etc.

you are promoting bestchange in your signature, this should be not a problem for you.

yes we are in same country dude  ;D and yes i see the news about bitcoin can't replaced the rupiah ever as a payment. and yes bali is the most common place that u can spend the bitcoin and there's bitcoin ATM on there right and Jakarta too, but right now i think all of that is gone

Modern traders are in better conditions than traditional exchange investors. The catch is that the primitive problems are the same. Because only you are responsible for trading actions and results.
For me, the biggest problem is trading itself  :-X
It is tempting to make huge profits by devoting your entire life to the process of trading. I often face irregular working days, lack of weekends and holidays, extremely little free time, and other problems associated with the non-stop crypto universe. This approach can destroy personal life and cause significant harm to health.
I'm trying to find a life / work balance and the Crypto Valley project helped me to find a place where I can rely on another person and take a break when I need it.