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Author Topic: Is it legal to sell bitcoin for cash ?  (Read 9814 times)
labhsikh123
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May 21, 2018, 10:19:06 AM
 #381

In most countries, it is legal to sale for cash. But you will have to pay tax and follow the rules and regulation of concern country.
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May 23, 2018, 08:02:35 AM
 #382

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 you live in my country, of course, this is very illegal and prohibited. If you are certain you will be subject to sanctions. I do not dare to sell Bitcoin I have with cash. But I do not know if in your country the rules are like. Maybe you should first understand the rules that exist in your country. Do not take the wrong action.

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May 26, 2018, 06:26:30 AM
 #383

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 I personally, of course, this is not legal and certainly very prohibited. If I violate it I will be sanctioned. This is done in my country. But I do not understand the rules that exist in your country. Maybe you can understand it first all the rules in your country that concerns about Bitcoin so you are not wrong in taking action.
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May 27, 2018, 10:49:38 AM
 #384

For cash? I think it depends on where will you going to make transaction. If you are making transaction through online local exchange in your country and your government allows it to exist that is legal but if what you are trying to say is selling it directly to a person and in your country doesn't allow someone to conduct it because of tax issues, for me that is already an illegal transaction.
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May 27, 2018, 04:13:15 PM
 #385

I dont think its illegal because I know some who does that. And it is your own discrepancy if you want to sell your bitcoin in exchange for cash. We all need cash thats why some ventured to trading their savings money so they can gain profits and will eventually withdraw them when they need it in cash too.

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Levious
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May 27, 2018, 04:16:24 PM
 #386

In some countries, bitcoin is defined as a commodity or a virtual item. If your country does not have relevant laws governing the trading of virtual items, I think that you are legal to do so.

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May 29, 2018, 01:07:28 PM
 #387

Legality of bitcoin depends in our countries and a lot of country nowadays seek bitcoin as a threat to the cash flow system. But a lot of country as well are fine with this since they are okay with the opportunity of cryptocurrency.
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May 29, 2018, 01:17:33 PM
 #388

It is basically depends on what country you are in. Some countries it is legal. Some may need to pay taxes and with maximum amount of bitcoin to sell and they need a trading license before selling.
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May 29, 2018, 01:30:10 PM
 #389

For legal matters, sell it only on accredited exchange so you know what is okay and what is not. If you can't find a single one that exists then I'm pretty sure that bitcoin is either banned or treated as a scam in your country.

This the best  thing to do if  you want to  sell bitcoin, Just  do what's  legal. 

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asraaf8687
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May 29, 2018, 02:53:03 PM
 #390

In large parts of the countries, it is legal to sell bitcoin appropriately, but at a certain price, I may think 15-20 000 dollars per year. if you buy and sell bitcoin on a regular basis you should of course set up activities by finding a license will require to apply the KYC procedure for your customers to pay taxes
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May 29, 2018, 03:13:58 PM
 #391

in our country is not really a problem, in fact we do not have any applicable laws against bitcoin or regulations not yet applicable to those currencies. We do whatever we want but within our own judgment if it is right or wrong to expect because the deals being discussed are made by my colleagues, most of the bitcoin currency community in our place, maybe it's strict regulations from government agencies.
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May 31, 2018, 07:51:13 AM
 #392

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.
Where do you live in which country? Because of the free use of Bitcoin depends where you live. If in my country this is not legal and very forbidden. But I do not understand the rules of your country about Bitcoin. Do not be haphazard to sell Bitcoin with cash. Because if you are wrong in taking a step, of course, it will affect the development of Bitcoin in the future.

▄█▀▀▀▀▀ ● ◯ SaTT - The Revolution of Advertising Transactions ◯ ● ▀▀▀▀▀█▄
●███    Website | Ann Thread | Whitepaper | Facebook | Twitter | Telegram    ███●
▀█▄▄▄▄▄▄▄▄   PRE-SALE COMPLETED IN LESS THAN 24 HOURS!   ▄▄▄▄▄▄▄▄█▀
Carrelmae10
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May 31, 2018, 08:51:26 AM
 #393

..I think it is legal..if you want to sell your bitcoin for cash,,you can do it right away,,depending on the country where you belong..

Casmania
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May 31, 2018, 11:28:31 PM
 #394

..I think it is legal..if you want to sell your bitcoin for cash,,you can do it right away,,depending on the country where you belong..

That’s nothing to do about legalities  if you're country has permitted any local exchanges or trading to let you sell  your bitcoin. If the local trading site you have has its optional digital to fiat cash trading, then be confident to say that you're not subjected by law illegalities. The legitimacy always subsides when the regulation of the country on cryptocurrency was implemented briefly behind the standards that an specific rules applied for each individuals whom doing trading activities.
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June 01, 2018, 07:31:20 PM
 #395

It depends on the country in which you will make such an exchange. In a number of countries, such exchanges are expressly prohibited. In other countries, such an exchange can be allowed and it is a subject of payment of taxes.

LynielZbl
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June 03, 2018, 12:26:57 PM
 #396

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.
No announcement that bitcoin can't sell into cash, since bitcoin using to exchange for cash. Moreover in our country bitcoin was not used to exchange of goods and services, but if you convert it to cash that's the time you can used it. Otherwise, I think selling bitcoin is not illegal because if it is illegal there's a possibility that bitcoin and other crypto are going to banned.
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June 04, 2018, 09:46:25 AM
 #397

It all depends on the laws of your country. In my country its perfectly fine to do so

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June 04, 2018, 10:25:25 AM
 #398

For legal matters, sell it only on accredited exchange so you know what is okay and what is not. If you can't find a single one that exists then I'm pretty sure that bitcoin is either banned or treated as a scam in your country.

Each country has a different law and you will have to check with your country or relevant people how it can be treated. As far as I know in some country you can deal in cash upto a certain limit and also those transaction you need to include in your taxing purpose and it becomes legal.

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June 04, 2018, 12:23:01 PM
 #399

Its depend on your your country law. If you will be pay tax on your cash sale it would be legal income.
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June 04, 2018, 12:37:25 PM
 #400

пpoдaвaть, пpoизвoдить oбмeн нa дpyгyю мoнeтy пo кypcy oбмeнникa или биpжи кpиптoвaлюты кoнeчнo являeтcя зaкoнным пpoцeccoм. Ceйчac нe вce ycoвepшeнcтвoвaнo, нo вce впepeди!
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