sending bitcoin to users in china

[morpheusb]

~Hi folks on ythe forum

first i would like to apologize this message in english here in this topic, but i need infomation about how to send big amounts of bitcoin to a china person.
i read about the clamp of the govern, but how difficult is to exchange bitcoin to yuan?
there still some banks who do this exchange? or only by the echangers?

can anyone help?

tks in advance

[maku]

Pardon my ignorance, but what is wrong with sending  your bitcoin directly from your wallet do your recipient wallet?
Then he/she can sell it on one of the many Chinese exchanges for yuans, as far as I know bitcoin is not banned in China.

[tiggytomb]

Not too sure if there would be any issues as you are just sending from one BTC address to another BTC address

[morpheusb]

actually i need to know how easy is for the person in china to convert/exchange bitcoin for the local currency,
not in the china banks i suspect, but working with some bank account who can receive the already converted bitcoins/yuens... is there any way to do that in a more automatically way??:

[morpheusb]

i received some message from legendary users here from the forum, who offers to do all the chain, from receiving the bitcoins in his wallet, and delivery the yuans for a tax of 0.25%. it´s almost what i need. i need to design a supply chain from my wallet to the chinese bank account whoit nobody in th emiddle its that possible?

[Pab]

~Hi folks on ythe forum

first i would like to apologize this message in english here in this topic, but i need infomation about how to send big amounts of bitcoin to a china person.
i read about the clamp of the govern, but how difficult is to exchange bitcoin to yuan?
there still some banks who do this exchange? or only by the echangers?

can anyone help?

tks in advance

Btc is not iligal in China and there is more chinise exchanges than american,no problem at all

[Mickeyb]

i received some message from legendary users here from the forum, who offers to do all the chain, from receiving the bitcoins in his wallet, and delivery the yuans for a tax of 0.25%. it´s almost what i need. i need to design a supply chain from my wallet to the chinese bank account whoit nobody in th emiddle its that possible?

I am not sure people can just withdraw in China from the exchanges to their Chinese bank accounts. Last known fact was that their bank accounts were cut off from the exchanges.

Apparently users from China are using loopholes to fund their accounts. I know that they are using vouchers that are redeemable for Yuan, also special no limit debit cards that are available in some parts of the country.

So yes, process that you are asking is not that straightforward as it is in the Western countries I believe.

[achow101]

Can't you just use localbitcoins to exchange the Bitcoin to yuan? You can do in person cash to bitcoin trades. I'm sure that you can also do bank transfers for bitcoin as well.

There are also several exchanges that I think allows you to withdraw to a chinese bank.

[odolvlobo]

I don't know anything about bitcoin in China, but I bet there are plenty of people reading the 中文 (Chinese) forum that do.

Try posting in https://bitcointalk.org/index.php?board=30.0

[johnyj]

Depends on how much bitcoin it is about, I think anyone in china can exchange 100 bitcoin without too much trouble, they have a foreign currency exchange quota of $50000 per year per person

[christycalhoun]

Just send it to his/her bitcoin address like normal. Chinese users can use blockchain.info chan't they?

[Athertle]

Just send it to his/her bitcoin address like normal. Chinese users can use blockchain.info chan't they?

Well, the OP stated that that wasn't his real problem further down in the thread. Here's the quote.

actually i need to know how easy is for the person in china to convert/exchange bitcoin for the local currency,
not in the china banks i suspect, but working with some bank account who can receive the already converted bitcoins/yuens... is there any way to do that in a more automatically way??:

[insert disrogatory comment about reading the thread before posting here]

[Omikifuse]

How big is the amount? You may have problems with bank and maybe legal problems if you can't prove that the money has been obtained legally.

But you still can use localbitcoins or withdraw slowly

[franky1]

i received some message from legendary users here from the forum, who offers to do all the chain, from receiving the bitcoins in his wallet, and delivery the yuans for a tax of 0.25%. it´s almost what i need. i need to design a supply chain from my wallet to the chinese bank account whoit nobody in th emiddle its that possible?

you will receive many messages from people. greed is a big thing and as soon as you mentioned sending alot of bitcoin. greedy people will make many promises to you.

the safest way is to tell your friend who will receive it. to send you his bitcoin address and you send the funds to your friend (NOT strangers you meet on a forum).

then tell your friend about
local bitcoins
btcchina.com
and the many other exchanges that he can link his bank account, to receive the funds.

most exchanges and services do not like you to give bank details of another person. it is best you let the bank account holder do the exchange.

[Wei H]

I'm Chinese and can tell that just simply send the Bitcoin to that person's address and withdrawing Chinese yuan from a Chinese exchange is easy, but I don't know what would happen if you withdraw a big amount of money, they might ask something or if it's legal for the person receiving the money. By the way, How big is your amount?

Feel free to PM me for further questions, I would love to help.

Depends on how much bitcoin it is about, I think anyone in china can exchange 100 bitcoin without too much trouble, they have a foreign currency exchange quota of $50000 per year per person

Honestly I don't know, the Bank might ask you a lot of questions, you know, the anti-money laundering.

[Kakmakr]

Why not use a combination of methods to split up the risk and also the amount into smaller chunks? If you send to one person in China and do Localbitcoin with 20 people it would be more manageable than risking one amount in one transaction. The banks flag deposits above a certain threshold anyway, even if it is send in chunks over a long period. I hope this is a legal transaction, and not some tax avoidance thing or drug deal, because I do not want to be part of that.

What do you say? ^hmmm^

[Amph]

there are very large facility that mine tons of bitcoin there, i'm sure he can exchange bitcoin locally without a problem, or all those miners cannot even operate there

you can use one of those chinese big exchange with big volume

[morpheusb]

so here i go again.

i would like to thanks the people of the forum for the replys.

i m not doing anything illegal, i´have to pay some contractors in china, and i like something more easy and without much taxes that the banks usualy charge. pretty straighforward

i allready have done some payments for people on europe and america, and it was without any troubles. just nedeed to research the china market, and nothing best that opnions from users of the bitcoin in china.

i think i ll try some exchanges who permit the account to be linked.

anybody there in china have some to indicate?

thanks very much for the replys

[Betwrong]

so here i go again.

i would like to thanks the people of the forum for the replys.

i m not doing anything illegal, i´have to pay some contractors in china, and i like something more easy and without much taxes that the banks usualy charge. pretty straighforward

i allready have done some payments for people on europe and america, and it was without any troubles. just nedeed to research the china market, and nothing best that opnions from users of the bitcoin in china.

i think i ll try some exchanges who permit the account to be linked.

anybody there in china have some to indicate?

thanks very much for the replys

I suggest you to follow the link given below:

https://bitcointalk.org/index.php?board=30.0

and try to ask your questions there. I think they have more information you need, I also think most of them can speak english.

[xchange4u]

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Thanks
Mark