Can I open up a local shop and sell bitcoins for cash?

[zodin]

yes you can really do  it and there is nothing wrong with this, but if your government is not creating problems for you, then you can really do it without any doubt.

[ImHash]

If you do it all by yourself then your assets might get frozen if not comply with gov regulations, though you can as long as you get cash in person and not by paypal or other services.

[Dora Doll]

i think yes but for this you need to put  for this you have to take permission the government. and they will not give you permission as bitcoins is not a legal currency of the world.

[FLoving]

Without sign in it is not possible because if someone will buy bitcoin from you then you will need to sign in to your wallet in order to make the transaction without signin there is no any other way that you transact the bitcoins.

[Superways]

Yes you can easily open your shop if your government is not against bitcoin and they will allow you for that but first of all you will need to promote bitcoin to every person in your area and you will need to motivate them to use bitcoin after that you will get your profit.

[HandoR]

I'm wondering if I can open up a local shop and sell bitcoins for cash without paperwork or signing anything. Sure a bitcoin ATM can fulfill that role but as a shop I could do other things such as sell bitcoin merch etc, offer information on bitcoin and cryptos etc, but primarily I'm wondering if I can sell bitcoin for cash without hassling customers with paperwork. I suppose the laws would be the same for an ATM machine? which I haven't heard to be of a legal problem. I'd be considering doing this in Texas, USA, by the way. Any references or shared knowledge would be great, and I'm less interested in speculation. Thanks!

You should be extremely cautious when doing that. Delve into the law of your country and prepare. Many anti-money-laundering offices see bitcoin as an effective means of hiding and secretly transferring large amounts of illegally obtained value.

[zombie007]

If you do it all by yourself then your assets might get frozen if not comply with gov regulations, though you can as long as you get cash in person and not by paypal or other services.

as still no one country give clear statement about bitcoin that either it is legal or illegal currency, therefore you can normally use it for being undefined status but if you are going to open a shop just for the purpose to do exchange of bitcoin it may be a problem as you have to give a statement about you r business which you are going to run in a shop but as bitcoin is not a legal business therefore they will not allow you for but i i think you can do it as mobile shop having no need to register with government  and to take NOC from government.

[audaciousbeing]

I would say its going to be based on the situation of things of in your country of residence. Over here, I see it as something not really advisable because of the awareness is still low and also give room for unnecessary exposure from law enforcement agencies who are most likely ignorant about Bitcoin to conclude that it is illegal thereby lead to series of embarrassment but hopefully soon, the situation might change.

[RodeoX]

Read this: http://www.dob.texas.gov/money-services-businesses
Your answer is there.

I'm wondering if I can open up a local shop and sell bitcoins for cash without paperwork or signing anything.

EDIT: Of course there will be lots of paperwork. You would need to follow AML (anti-money laundering) and KYC (know your customer) laws. Every penny would need to be documented, every customer verified.

[Dahhi]

If you are planning on opening a bitcoin shop in your country, get it registered and expect to pay tax just like any other business owner.

[rafajunior99]

a good idea to plan your success plan a great good luck

[gredisgold88]

I'm wondering if I can open up a local shop and sell bitcoins for cash without paperwork or signing anything. Sure a bitcoin ATM can fulfill that role but as a shop I could do other things such as sell bitcoin merch etc, offer information on bitcoin and cryptos etc, but primarily I'm wondering if I can sell bitcoin for cash without hassling customers with paperwork. I suppose the laws would be the same for an ATM machine? which I haven't heard to be of a legal problem. I'd be considering doing this in Texas, USA, by the way. Any references or shared knowledge would be great, and I'm less interested in speculation. Thanks!

yes, maybe you can, stay set management in the company, and perhaps to his advantage to be minimum. but if you make the effort like that, then removes anounymous side of BTC .

[novemberwoah]

Yes maybe you can do that because in America I think there is no problem with bitcoin, bitcoin in America to my knowledge is not banned so that you can open a local store and sell bitcoin for cash. But you must get approval from the government and obtain a license to be able to do it. I hope you be successful, friend

[doaremon]

I don't think you can. Bitcoin is illegal in many countries and if its legal in your area you might face much hassle because there are many illegal use of it.Such as money laundering is a serious issue in this sector.Being more careful you can get over it and aslike other businesses you will need a business permission or something like that to do this.Afterall dont loose hope.Good luck

[noictib]

I'm wondering if I can open up a local shop and sell bitcoins for cash without paperwork or signing anything. Sure a bitcoin ATM can fulfill that role but as a shop I could do other things such as sell bitcoin merch etc, offer information on bitcoin and cryptos etc, but primarily I'm wondering if I can sell bitcoin for cash without hassling customers with paperwork. I suppose the laws would be the same for an ATM machine? which I haven't heard to be of a legal problem. I'd be considering doing this in Texas, USA, by the way. Any references or shared knowledge would be great, and I'm less interested in speculation. Thanks!

I think you need some permissions for this job . Because probably it may be possible some people can make money transactions from one corner of the word to the other for illegal purpose .
But probably you can make your bitcoin shop without permission .One of my friend is doing the same thing in India usually he is making a reference I'd number for each deal . He just copy the deal adress and the identity proof of the buyer and sell of bitcoin And he save these files in the google drive . In every month he pays tax for this . He hired a advocate , the advocate helps him to make it use this job in honest way without violating any law of government .

[btcdiggingmaster]

Yes it is possible because there are many exchanges like westron union became popular. They get a licence from the government and are paying taxes to government on time. Every country has different rules for exchange of money may be, before setting up first consult a lawyer and fine the exact details about it.

[Darklinkz]

Sure but the question is if your business is allowed in  your country. You should seek advice first to an expert before doing that so you will not face any legal actions that I know that you won't like to happen.

[marcbitcoins]

I'm wondering if I can open up a local shop and sell bitcoins for cash without paperwork or signing anything. Sure a bitcoin ATM can fulfill that role but as a shop I could do other things such as sell bitcoin merch etc, offer information on bitcoin and cryptos etc, but primarily I'm wondering if I can sell bitcoin for cash without hassling customers with paperwork. I suppose the laws would be the same for an ATM machine? which I haven't heard to be of a legal problem. I'd be considering doing this in Texas, USA, by the way. Any references or shared knowledge would be great, and I'm less interested in speculation. Thanks!

This is impossible because every business and establishment will be required a license to operate or else it will be illegal specially bitcoin exchanges. If bitcoin is legal in your country, all exchanges will be part of the regulation in which every bitcoins transactions will be strictly recorded and monitored. ATM transactions is fast and convenient because it was fully computerized but still its transactions are recorded and can be easily reviewed if needed. If your intention is good then you should abide the law and have a happy bitcoin exchanges business of your own.

[ALT67890]

The idea is great and might be profitable as the concept of it is good as it is timely that conversion fees might be bypass on doing so. But to open it in United state of America is not the smart thing to do, they have strict regulation towards cryptocurrency and also have taxes to fee. It would be much highly possible in a country that still no laws or neutral to this kind of investments. Having no taxes or minimal depend on IRS policy on the said country.

[lili song]

Yes that's good idea. But actually you need permissions from your government and pay tax to the government.
I hope your government legalized bitcoin in the future.
As I know there are another ways to sell bitcoins for cash (ex : local exchanger )