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MidKnight
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October 15, 2017, 05:54:33 AM |
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No. It is just not known yet and also not banned. If you heard that in your country that some people were arrested because of selling bitcoin or buying bitcoin then you should think twice but if it isn't then you are free to do so. Check if you have your own local exchange because it's much easier to sell/convert btc to fiat.
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Be very wary of relying on JavaScript for security on crypto sites. The site can change the JavaScript at any time unless you take unusual precautions, and browsers are not generally known for their airtight security.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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ferdaus
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October 15, 2017, 07:03:33 PM |
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What is the status of Bitcoin legality in your country? If Bitcoin is legal by law of your country, then you can sell street and bitcoin and as long as you have a street trading license. And if the government declares Bitcoin illegal then why can not you sell it anywhere on the street.
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lili song
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October 16, 2017, 05:29:15 AM
Last edit: October 16, 2017, 06:06:40 AM by lili song |
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It's legal to sell bitcoin for cash, in most countries. Anyone can sell bitcoin to get cash.
People buy and invest bitcoin, the reason is to get money and profit.
Sadly my government still not legalize bitcoin yet so I hope they will legalize on the future.
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MiF
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October 16, 2017, 09:58:27 AM |
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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.
If bitcoin is not ban in your country then i think that is ok because bitcoin transaction cannot be track any way then you will going to be paid in cash directly and personally by the buyer. This will be in favor of the buyer especially no service fees and transaction fees to be collected but if you will be collecting fees then that is wrong and no one will buy bitcoin to you except if your bitcoin is cheaper than the regular value in the market. |
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cryptojac17
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October 16, 2017, 01:57:42 PM |
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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.
If bitcoin is not ban in your country then i think that is ok because bitcoin transaction cannot be track any way then you will going to be paid in cash directly and personally by the buyer. This will be in favor of the buyer especially no service fees and transaction fees to be collected but if you will be collecting fees then that is wrong and no one will buy bitcoin to you except if your bitcoin is cheaper than the regular value in the market. Yeah If BTC can be cashed out by local provider in your country then it is not illegal to do so, even if you sell it by meet ups or somebody will directly paid you in cash. Because in my country there is a provider that will transform BTC to our own currency and you can send it to your own bank account then from there you can cash out easily trough ATM. |
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ripti
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Activity: 252
Merit: 10
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October 17, 2017, 11:14:42 AM |
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if I want to engage in such activity, all I need is to build a website with a gateway to a bank account and with that anyone can log in, make order and either sell or buy and I won't be disturbed by any agency of violating the rule and that's how our system is so flexible.Yes, it is very much legal and you can covert it but make sure to check the local law related to the cryptocurrencies.
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MirandaGreen12
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October 17, 2017, 01:31:17 PM |
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In my country it's illegal but all of people who know about crypto)) sell it
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Snaic
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October 22, 2017, 07:04:13 AM |
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In business it is considered that everything that is not forbidden is legal. Therefore, if the state did not directly issue a ban on exchanging the crypto currency for local money, then such an operation would be quite legitimate. It should also be borne in mind that along with the recognition of crypto currency legal tender, the state usually establishes a profit tax on crypto currency. Non-payment of taxes in most countries is considered a crime and is punishable by criminal procedure.
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Scytic
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October 22, 2017, 10:42:42 AM |
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it really differs from country to country, for instance in the Netherlands bitcoin at the moment is tax free as are the profits gained from it, in Austria you for instance pay a tax of 50% over winnings when claimed within one year of the transaction. Exchanging BTC to EUR is free upto 700€
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savushkinTA
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October 22, 2017, 01:47:10 PM |
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It depends on the country. In my country it is legal
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coin_1122
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October 22, 2017, 02:15:50 PM |
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Yes, we can convert your Bitcoins as long as if there is an exchange in your country because directly it is not possible to covert into local currency but for that you need to pay taxes for Bitcoin conversions.
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MadScienceSocks
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October 22, 2017, 04:28:05 PM |
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This may depend on the country in which the exchange takes place.In many countries you have to pay a tax if you have bought something over 2K-3K dollars. In my opinion it is better to transfer in cash for no more than 1K dollars.
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corroze
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October 22, 2017, 07:18:24 PM |
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I think it depends on each country's policy on bitcoin transactions, because even if bitcoin legality is still illegal in my country but there is no prohibition for bitcoin transactions either for sale or for the purchase of bitcoin but of course there is a nominal limit. has been determined if a financial transaction exceeds a predetermined capacity will certainly need information on financial sources by the banking
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KSHMR
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October 23, 2017, 03:43:22 AM |
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It depends on your country. Here in my country is okay selling bitcoins for cash.
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Macukica
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October 23, 2017, 02:01:17 PM |
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It s legally in most countries only to pay taxes  |
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Hexah
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October 24, 2017, 04:30:38 PM |
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Well it is on your buyer if he/she want it anyway in cash and I think you should have contract between that thing because that is big amount of money to be done. Legality also affects to that one also because if its not legal for the particular country you are into it would really hard to sell that one since not that so many can get what bitcoins you have right into your wallet amd the buyer couldn't gain also if he/she would do so.
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Suckhoelaodong
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October 25, 2017, 09:03:03 AM |
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Ofcourse, why not?
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denny27
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★Bitvest.io★ Play Plinko or Invest!
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October 25, 2017, 10:33:24 AM |
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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.
Just do it friend, I think it's legal.. because as far as I know most of all countries's goverments hasn't warned that selling bitcoin to cash is forbidden, so it's fine I guess. In the country where I live there is no warning is forbidden to selling bitcoin into cash (local currency), it can still to do until now without says banned. |
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bryant.coleman
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October 26, 2017, 08:13:31 AM |
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My opinion is that unless the authorities specify that converting BTC to fiat is illegal, it is a 100% legal thing to do. You don't need permission from the authorities to do freelancing work. And you don't need permission from them to sell your digital goods. However, you may need to pay taxes on any revenues, which may arise from such sales.
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12tribes
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October 26, 2017, 08:24:48 AM |
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I'm so sure you or someone paid to buy bitcoin. So it is no problem when you need to sell. Peace
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