Is it legal to sell bitcoin for cash ?

[icecube45]

This depends on the regulations in your country, because each country has different bitcoin rules. If in my country it is legal to sell bitcoin for cash. So it doesn't matter and everyone is free to do it in my country. There are also countries that ban so that people in these countries cannot sell bitcoin for cash. But the country's average is legal to sell bitcoin for cash. If I may ask which country do you live in ? Does your country ban bitcoin or not ?

[sijonru]

At least, in my country, selling bitcoin for cash is fine, and we can sell it in the local exchange. I still buy and sell bitcoin, and I don't have a problem with this. But I don't know with the other country, and I think some country prohibited their people from doing this. I think soon if the government can accept bitcoin, it will be great news for the people because they don't have to afraid to buy and sell bitcoin.

In my country buying bitcoin is not against the law because there is a bitcoin exchange that accepts purchases and converts with local currency. So everything is legal.
However, it is not permissible to make payments with bitcoin, because bitcoin is not recognized as a legitimate payment tool. What can be used is the official currency issued by the central bank.

[lepbagong]

I was thinking of selling my bitcoins for cash. Is it perfectly legal to do so ? Amount is close to 3-4K.

Thanks for reading.
 

I think that is a solution that needs to be sought,
,

-snip-
first find out whether bitcoin is prohibited in your country
-snip-

because if we break the rules that have been made by the state, it will definitely have an impact on ourselves. it might be better to talk or ask for more clarity in the forums available here according to your country to ensure that what you want to know about your question with the bitcoin problem. it can be believed the answer will be clearer and more certain.

[hen cet]

At least, in my country, selling bitcoin for cash is fine, and we can sell it in the local exchange. I still buy and sell bitcoin, and I don't have a problem with this. But I don't know with the other country, and I think some country prohibited their people from doing this. I think soon if the government can accept bitcoin, it will be great news for the people because they don't have to afraid to buy and sell bitcoin.

Bitcoin as a digital currency is freely traded in countries that have legalized it, of course exchanging cash is no problem. Unlike bitcoin owners who live in countries that ban bitcoin.
From this experience, exchanging bitcoin into cash can be done through bitcoin exchanges located in countries that legalize bitcoin to USD, then transfer to the owner's account in local currency.

[coin-investor]

I was thinking of selling my bitcoins for cash. Is it perfectly legal to do so ? Amount is close to 3-4K.

Thanks for reading.

Here in our country, it's very much legal, from what country do you want to sell your Bitcoin you did not mention the country where you want to sell it, in this case, if the country, where you want to sell it is banning Bitcoin then you have no way to do it, but my friend told me that they can do it even if it bans in their country, because it's anonymous just don't tell the transactions to authorities or anybody.

[diazepam666]

I was thinking of selling my bitcoins for cash. Is it perfectly legal to do so ? Amount is close to 3-4K.

Thanks for reading.

Here in our country, it's very much legal, from what country do you want to sell your Bitcoin you did not mention the country where you want to sell it, in this case, if the country, where you want to sell it is banning Bitcoin then you have no way to do it, but my friend told me that they can do it even if it bans in their country, because it's anonymous just don't tell the transactions to authorities or anybody.

Federal reserve rules are applicable for all over the world centralized fiat cash. If you want to exchange the bitcoin, you must confirm that your fund is enough and that is lesser than taxation applicable for it.
Well I use to earn few bucks and I am very comfortable to exchange my bitcoins whenever I need. Please stay safe with the taxation problem.

[thinkright]

I think it's going to vary depending on your geographical location and their policies. Because this is somehow a new technology there are policy vacuums  in most places which makes it possible to sell crypto for fiat.