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Author Topic: buying crypto currencies and then travelling  (Read 253 times)
udidrone
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May 23, 2021, 08:07:50 AM
 #21

Agree with the guy above, if not want to trade it yet, better to save it in wallet only. Especially if want to use exchange without 2fa, KYC, etc, because KYC is something important to make them sure if the account is ours. If me, i will save all in wallet, save passphrase or private key in paper, notepad in flashdisk,and travel safely.

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sapnu
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May 23, 2021, 09:15:38 AM
 #22

It's not really bad to take precautions because it can be a risk you never saw coming. If ever you've some news with regards to the issue, it would better to be safe than sorry. Maybe there are countries that can scan through your wallet yet you can avoid such instances through uninstalling your bitcoin wallet app first and if you have no plans on spending it there, much better if would just let it stay there. Find any ways possible so that you can still access your wallet in another country, just make sure that you wouldn't end up getting caught or be blamed on a certain violation.
acener
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May 23, 2021, 11:17:24 AM
 #23

If you buy crypto currencies in one country and then travel to another country, as long as I have the passphrase and private key on paper, hidden in mulptiple places and the crypto on an online exchange, no kyc, p2p bought, non custodial and bought on a clean laptop, can I delete the website from by laptop, including the online wallet, and then sign in again to that exchange after travelling.

I have heard, dont know if it is true, but better safe than sorry, that they now have devices to scan your smartphone and laptop to see what is on it. I would not be surprised if they do that now, the governments of the world are becoming very anti crypto currency, especially for privacy coins.
I think yes you're safe just make sure you have it all writen correctly.
And I think it is better to have a hardware wallet than an online wallet or paper wallet for me it is the best wallet to secure your crypto.
I also like the idea of crypto and travelling since we just need to know where to exchange our crypto into Fiat.

iamsheikhadil
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May 23, 2021, 11:22:18 AM
 #24

Why would you keep the coins in your exchange though, you can just have it in the wallet (which you own) so that you can just have your coins back and have complete control over it if any issue happens and also some exchanges are banned in particular countries, but to be on the safe side, just make sure you follow both countries laws, and if there are taxes to be given in your home country or in the destination one, do that. Don't break any rules and you will be fine Smiley
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May 23, 2021, 11:33:34 AM
 #25

If you buy crypto currencies in one country and then travel to another country, as long as I have the passphrase and private key on paper, hidden in mulptiple places and the crypto on an online exchange, no kyc, p2p bought, non custodial and bought on a clean laptop, can I delete the website from by laptop, including the online wallet, and then sign in again to that exchange after travelling.

I have heard, dont know if it is true, but better safe than sorry, that they now have devices to scan your smartphone and laptop to see what is on it. I would not be surprised if they do that now, the governments of the world are becoming very anti crypto currency, especially for privacy coins.
I think yes you're safe just make sure you have it all writen correctly.
And I think it is better to have a hardware wallet than an online wallet or paper wallet for me it is the best wallet to secure your crypto.
I also like the idea of crypto and travelling since we just need to know where to exchange our crypto into Fiat.
That is the benefits of a hardware wallet because we do not need to install the wallet on our laptop or mobile phone. If we want to access the wallet, we can plug the wallet into the devices we want and transact directly.

But I think he can install Binance apps on his mobile phone and don't send any coins to his wallet. He can send the coins into his Binance account wallet and sell them using the P2P market. I think that can help him get the money sent into his bank account to get a local seller from the country he visited.

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May 23, 2021, 05:28:07 PM
 #26

If you buy crypto currencies in one country and then travel to another country, as long as I have the passphrase and private key on paper, hidden in mulptiple places and the crypto on an online exchange, no kyc, p2p bought, non custodial and bought on a clean laptop, can I delete the website from by laptop, including the online wallet, and then sign in again to that exchange after travelling.

I have heard, dont know if it is true, but better safe than sorry, that they now have devices to scan your smartphone and laptop to see what is on it. I would not be surprised if they do that now, the governments of the world are becoming very anti crypto currency, especially for privacy coins.
only true if you don't borrow to invest in bitcoin, many of my friends invest bitcoin with borrowed money, and now they are in a state of panic not knowing what to do next. According to experts, this hibernation cycle of cryptocurrencies can last for 4 years
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May 24, 2021, 07:16:08 PM
 #27

There are lots of ways that you can buy bitcoin and secure it and not have problems when next you want to access it. It is very much possible, it depends on the wallet you decide to make use of and as long as you have your seed stored safely you can always be able to access your wallet anytime you want.

And as for the government being anti cryptocurrency, that can’t really stop you from selling and buying cryptocurrencies, but if it’s not legal in your country then you have to be very careful the way that you’re dealing with crypto currency so that you don’t get into an any problem with the law in your country.
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May 24, 2021, 07:25:36 PM
 #28

A key could be anything though. You could have the line on a page in a book that only you know, and it would take 16^64 guesses for someone to find it. It is possible to do convert any phrase to an address, although it isn't easy for the average person.

Bitcoin core could enable base 64 to key conversion without the checksum to help people with this, although I'd foresee many and very permanently lost addresses.
isaac_clarke22
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May 24, 2021, 07:31:05 PM
 #29

~
Not sure if that's possible, OP though I even heard a myth or theory about that one.
If you're gonna uninstall your online wallet, you could clean it so that any residual junks from the uninstalled app would be cleaned as well though that will be way too much already to be honest.

You should probably research first if the mentioned country bans crypto usage though.
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May 25, 2021, 05:34:32 PM
 #30

It is better to know the place you are going to first before coming up into a decision to get into that country to better know what actions you must do before entering their premises. There might be tight security for those countries who still not legally accepts cryptocurrencies and as crypto user, we must be aware with those countries that as much as possible we must avoid for now. I am not quite sure on the thing if you can delete your browser as it is but I think deleting your history will be enough or turning off the sync to your account logged in the browser. It will be a wise move to keep the pass phrase and needed keys in a safe place that will not be suspicious as well. But on the devices they could possibly use to check your devices regarding crypto, I haven't heard such but if there's one, that would be absurd.

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