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Author Topic: Is it legal to sell bitcoin for cash ?  (Read 10147 times)
ersmny1
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April 28, 2018, 12:06:19 PM
 #341

in my opinion legality of things depends on the existing law or rules of the country with regards to a certain matter. if there is a law or rules with regards to selling we should abide with it to be legal..if there is non then there is still a rule that should be followed an that is the rules of norms..
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renz0
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May 01, 2018, 05:41:13 AM
 #342

in my opinion legality of things depends on the existing law or rules of the country with regards to a certain matter. if there is a law or rules with regards to selling we should abide with it to be legal..if there is non then there is still a rule that should be followed an that is the rules of norms..
Yes if BTC isn't banned in a certain country then it is legal to sell bitcoin for cash.Selling of BTC is done in a peer-to-peer network so as long as it is done rightfully,no laws or rules are being implemented regarding the selling and buying of bitcoin then there's nothing wrong with that and it's legal.
klarnetcijamie
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May 02, 2018, 11:36:49 PM
 #343

If bitcoin is not ban in your country It should be alright. Bitcoin transaction can't be tracked any way then you will going to be paid in cash directly and personally by the buyer. So It depends on your country
pareshnakar
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May 03, 2018, 05:31:02 AM
 #344

yes is it legal we have  convert to our currencies through zapay and Is it legally. 
marielbeckham
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May 03, 2018, 02:08:21 PM
 #345

Every country has its own regulations regarding this.
doodle07
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May 03, 2018, 02:49:23 PM
 #346

Its legal but it depends on where you sell it, if you’re in a country that Bitcoin is still questionable they might have the mentality that Bitcoin is a kind of gambling, scam and its illegal. Its legal to sell bitcoin for cash because some things and some of our daily needs must be paid thru fiat/cash. Lets just continue supporting crypto because this might be the solution for us to be successful.

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Untitled01
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May 03, 2018, 05:26:14 PM
 #347

Everything will depend very much on local legislation. In my country, this can be done without problems. In some countries there are exchangers even on the streets.
goldenplak
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May 04, 2018, 11:50:39 AM
 #348

I think If the bitcoin not sold to cash, for what we have to collect so many bitcoin? I put together a bitcoin just to earn some money and it is legal in my country
ariaalex
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May 04, 2018, 10:05:19 PM
 #349

yes..but not all over the world..some countries banned bitcoin..its depend what county you liveing.some country need a money transmitter license for big amount.
Melvin Narag
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May 04, 2018, 10:14:09 PM
 #350

People buy Bitcoin using cash to trade, when they earn they sell it to have cash, and when they feel buying Bitcoin again then they will use cash, and repeat the cycle and do it vice versa, nothing wrong with it since it is the common logic for things (intangible product as well) to be sold when it becomes valuable or buy the same things if it needed again.
ronealdenila
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May 05, 2018, 01:36:25 PM
 #351

Well, that depends on your country. Here in our country, it's very legal to change that bitcoin into cash. So if you think you're on the country that bitcoin is not legal then i suggest to hold it first and wait for it to boom (price go up).
whitecaramel1
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May 05, 2018, 05:09:23 PM
 #352

you can sell bitcoin for cash. As long as your country is not prohibiting you in selling it. Or there is no law in your country that making bitcoin illegal.
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May 06, 2018, 07:27:28 AM
 #353

Im a bit confused why he's asking whether selling Bitcoin for cash is legal or not. When he can just simply sell it in an exchanger for USD and convert it to his local currency.
Well, if there's a restraining order in your country that prohibits Bitcoin selling or buying, then it doesnt need to be ask.

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mnyers1
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May 06, 2018, 10:26:23 PM
 #354

en selling bitcoins for cash - aware of taxes. I woulg seggest you to go to bookkeeper in your city to make it fully legal from taxes side
cryptorocket84
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May 09, 2018, 11:01:27 AM
 #355

All this depends on the legality of bitcoin in your country, in my own country, you can easily send your bitcoin exchange to our local currency and u can transfer to your personal account so i dont see any thing bad in selling your bitcoin.
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May 09, 2018, 10:14:10 PM
 #356

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.
It depends on where you are coming from. The question is, is it legal in your country to trade with Bitcoin? If yes, then you are good to go. If no, then you can think of finding your way out of the country or allowing a trusted person to exchange to cash in another country for you.

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Kinan07
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May 12, 2018, 01:33:07 AM
 #357

in my country it is not a problem, bitcoin users can easily convert bitcoin into local currency in our country, even in our country regulations Act on bitcoin has not been applied yet. but we will do within the limits of our own judgment.
Simone18
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May 12, 2018, 04:13:12 AM
 #358

What is the status on the legality of bitcoin and crytpocurrency in your country? In my country, it is perfectly fine to do so. A local exchange wallet allows us bitcoin users to easily have our bitcoins exchanged into our local currency, and we may retrieve this through remittances or have it transferred directly to our bank accounts. I don't see anything wrong with selling your bitcoins for cash, unless the mere possession of bitcoin is considered to be illegal in your country.
Same with here mate in our country it is fine to sell bitcoin for cash through our local wallet we can convert btc to money and we can get it through remittances or directly through banks.

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May 12, 2018, 05:11:41 AM
 #359

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.
It all depends on where you live and your government releases Bitcoin in any way or just forbids it. If in my country it is clear this is very illegal and if I do it I will get very big sanctions. Because Bitcoin in my country is still quite limited its use. So do not carelessly do the things we like with Bitcoin.
Beldon
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May 12, 2018, 06:45:30 AM
 #360

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.
Maybe if in your country legal and allowed to sell Bitcoin with cash. But if for in my country this is not legal and strictly prohibited by the Government. You must know what is allowed and what is prohibited in the country where you live.

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