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Author Topic: Is it legal to sell bitcoin for cash ?  (Read 9812 times)
lotfiuser
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June 04, 2018, 12:39:05 PM
 #401

you can sell it from cash normaly but it depend on your country but even if its banned i think you can do it without any probleme


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zahed
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June 08, 2018, 09:30:03 PM
 #402

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.
In which country BTC is legal obviously selling Bitcoin for cash it's legal & BTC banned countries not legal it's selling for cash just i understand that.

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June 09, 2018, 10:19:19 PM
 #403

it is great when you have opportunity to sell Bitcoin for cash on the street or in shopping center, it really very usability thing

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June 09, 2018, 10:26:54 PM
 #404

for my opinion it is great, but don't forget about the price of it, i think it will be lower then to sell it in the internet

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June 09, 2018, 11:03:47 PM
 #405

Yeah it is legal. As long as the government will not prohibit us in selling our bitcoins. And if bitcoin is declared illegal in yoir country. I think its hard for you to sell it.

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June 13, 2018, 05:06:22 AM
 #406

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.
I just wonder what can cause you to doubt the legality of such an operation. If there is no direct prohibition on carrying out such a transaction by the law of your state, then selling bitcoins in exchange for cash national money is quite legal action.

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June 13, 2018, 08:03:12 AM
 #407

Probably legal, I do not see anything strange that could make such a thing illegal. Most of the answers here are also legal, meaning many think that selling bitcoins with cash is legal
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June 13, 2018, 09:38:01 AM
 #408

If you transfer the money to a иank account, it all depends on the amount. The financial monitoring service gives the Bank instructions on how much money should be reported. If your amount is less, you can try to make such a transfer.

josephdd1
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June 17, 2018, 07:40:15 PM
 #409

Whether is legal or not to sell BTC for cash is dependent on where you live and the type or regulations imposed on BTC by that particular country. In the UK for example you can have tax free bank accounts though up to a certain amount such as £20,000. So you can sell BTC for cash and then transfer to that tax free bank account. This is just a putative example, so it depends on the country you're in.

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June 17, 2018, 10:34:43 PM
 #410

It's depends on the perception of the law on Bitcoin in your country. Everything is legal, unless your country imposes a law stating that selling bitcoin is illegal. If there is no law prohibiting it, then it is, therefore, legal.
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June 20, 2018, 11:24:36 AM
 #411

Of course, it depends on the country you are living in. Most of the developed countries it is legal to exchange with taxes. But in others is not. the reason is government, that insert sticks into the wheels. You will get big trouble to do it.

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June 21, 2018, 09:13:46 AM
 #412

Looking in what country you live.  If the law allows to transfer the crypt to the Fiat, then everything is legal.  First, look, read the laws of regulation of the crypto currency in your country, and only then think what you will do.
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June 21, 2018, 03:53:14 PM
 #413

If it legal to trade with bitcoin and made transaction with it then it is legal to sell bitcoin for cash. Just like fiat bitcoin can be sold for cash to enable you buy some local goods which may be difficult to use bitcoin at a moment to buy. The exchange of bitcoin to other fiat made bitcoin more acceptable and real as for now.

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June 22, 2018, 03:41:24 AM
 #414

I think it's common sense. If the use or usage of Bitcoin or any other cryptocurrency in any country is illegal, then selling Bitcoin for cash is illegal. It's (selling) transaction where Bitcoin is used to get cash.

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June 25, 2018, 03:22:02 PM
 #415

you can sell it from cash normaly but it depend on your country but even if its banned i think you can do it without any probleme

You can always make bypass of the system. It is the reality of nowadays. Like hackers are doing their job, you can make it for yourself.

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June 25, 2018, 04:01:46 PM
 #416

It depends on your country  of residence. There are restrictions in countries  like China, India
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June 26, 2018, 03:35:02 AM
 #417

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.
Here in my country it is not illegal to do so. We can trade or sell as long as we want and it's the trend nowadays. It is a transaction deal between you and your buyer don't let anyone interrupt the deal, unless bitcoin transaction in your country is illegal.

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June 26, 2018, 06:24:24 AM
 #418

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.
As they say, it depends on the country you came from. If bitcoin transaction is not banned in your country you can do so. Actually it is not illegal to sell or trade bitcoin into cash as long as it is not illegal. My only advice is to be careful and be aware of the transaction so that you will not be fooled by exploiters.

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June 27, 2018, 03:47:16 AM
 #419

it is very legal to sell bitcoin for cash, bitcoin is cash invested in crypto currency or cash held in crypto currency, at any time can be withdrawn and converted to cash. 

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June 27, 2018, 03:57:02 AM
 #420

..as far as i know it is legal to sell your bitcoin for cash..depending on the country you belong..just like here in our country philippines..we can sell our bitcoin into our fiat money for bitcoin here in our country is accepted but not yet legallized..

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