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Author Topic: Threads on local currency with bitcoin!  (Read 168 times)
Jawhead999
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March 07, 2023, 04:03:01 AM
 #21

So use a VPN, to access cryptocurrency exchanges that are located in other countries. This can help you bypass the restrictions and trade cryptocurrencies more freely.
But don't forget, even if cryptocurrency trading is not illegal in your country, you may still be required to pay taxes on any profits you make. Be sure to understand your tax obligations and keep accurate records of your transactions.
VPN isn't a good way to hide your internet connection, because the VPN you used know your real location and they might share it to your government. Anyway any centralized exchanges do not allow to use VPN otherwise your account will be flagged and you need to provide your KYC.

Well @OP isn't talking about how to evade from taxation, he's asking a way to trade Bitcoin in illegal countries, so it's off topic to discuss about tax.

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lixer
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March 07, 2023, 07:01:30 PM
 #22

So use a VPN, to access cryptocurrency exchanges that are located in other countries. This can help you bypass the restrictions and trade cryptocurrencies more freely.
But don't forget, even if cryptocurrency trading is not illegal in your country, you may still be required to pay taxes on any profits you make. Be sure to understand your tax obligations and keep accurate records of your transactions.
VPN isn't a good way to hide your internet connection, because the VPN you used know your real location and they might share it to your government. Anyway any centralized exchanges do not allow to use VPN otherwise your account will be flagged and you need to provide your KYC.

Well @OP isn't talking about how to evade from taxation, he's asking a way to trade Bitcoin in illegal countries, so it's off topic to discuss about tax.
It's not the internet connection is the one that VPN hides but it was his country which are tied to an IP address. VPN changes our IP/country actually (not hiding it) so that we can now access those restricted websites. There are other ways of doing it and not just via a VPN. VPN isn't the best but others can be difficult to perform for a regular individual.

There are still good kinds of VPN out there or the ones which are premium/paid. This ensures that they are not hiding anything from us. I think there are CEX which are not strict and can allow VPN's but in order to be sure about it, let us always make it a habit to read their terms and conditions page.

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March 07, 2023, 07:59:24 PM
 #23


Like one of my experience, I was doing P2P from financial apps to my BTC wallet and use it to trade, then when I want to withdraw, I also use P2P to my local account. One day I withdraw $300 to my account and it was block by my bank, I didn't have access to my money, when I went to complain I was issued a threat to arrest me if i continue with that activities of crypto currency and since then my money was seized but someone help me to sort it out. So we really facing this challenge to trade bitcoin.

What do you suggests to solve or amend easy way trading? With our government policies
Maybe you are a Nigerian like myself, cus this is exactly what is happening in Nigeria,
Since the ban of bitcoin and cryptocurrency trading in Nigeria, I have been trading, Buying and selling Bitcoin and withdrawing my money to my local bank, also depositing from my local bank to exchanges to buy bitcoin and other cryptocurrencies, all this without any issues of any kind, i have never had any issues with my bank concerning my activities in crypto.

To trade crypto successfully even with the ban in place, it all depends on how you play your game, choose the right P2P exchange( I've been using Remitano for more than six years now without issues), and also choose a right local bank, I have more than five local bank account, but i use one mainly for cryptocurrency withdrawal and deposits, have never had any issues, so it all depends on how you play your game. 

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