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Author Topic: Is it legal to sell bitcoin for cash ?  (Read 9422 times)
barabarian1
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June 30, 2018, 07:07:15 AM
 #421

I think legal if there are buyers who want to buy your coins and without coercion from you so that buyers are not harmed. and you can specify the price of the coin according to the market price. so buyers can pay according to the normal price according to the coin market.


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June 30, 2018, 08:35:31 AM
 #422

It is perfectly legitimate to transfer your bitcoins to the Fiat.  Only with taxes you need to understand.  Does your country have sales taxes.
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July 04, 2018, 08:56:49 AM
 #423

Well, here in my country bitcoin is legal which is also supported by our government but they are not a 3rd party. Having an apps which is coins.ph we can easily negotiation but I would suggest do it that can be trusted people which you have not to worry when you have a verbal agreement. Also, need a great assurance during agreement since it involves money which we need an extra awareness and be attentive always to avoid those bad people that might attack.


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July 07, 2018, 09:33:13 AM
 #424

maybe some people uses bitcoin for fraudful act , many people lost the fruit of their hardwork because of the people who take advantage of those who didn't know well about it.
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July 10, 2018, 02:19:44 AM
 #425

Selling bitcoin for cash is perfectly legal but it is depend on your country in which you are living. Many of countries treat bitcoin as illegal and some of the country neither permitted it nor against bitcoin, but when will your country legalized it then it will be very profitable for you.
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July 10, 2018, 02:45:53 AM
 #426

Vendo meus bitcoins agora ou não?
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July 10, 2018, 05:40:48 AM
 #427

Are going to make a business like a small exchange owned by you? Because it is how I understand your questions. If that's what it is then you need a permit from SEC to operate but if not then just exchange it on you local btc to fiat exchanges because it exists if bitcoin is legal in your country.

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July 16, 2018, 11:41:55 AM
 #428

Everything depends on the legal status of the crypto currency in your country, but if it is not forbidden, you can get it!

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July 17, 2018, 09:50:04 AM
 #429

Hey buddy,

There is no doubt about it that you can sell bitcoin for cash. You can easily sell for cash. Such as someone needs bitcoin for his online shopping or other purposes you just sell your bitcoin to him and take cash.
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July 17, 2018, 06:58:20 PM
 #430

Everything will depend on the country in particular. In many countries, this will have to be paid for or it will be very difficult to do at all. Somewhere you can just swap in the exchanger
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July 17, 2018, 07:56:08 PM
 #431

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.
That depends on a country, sometimes is it legal to do so sometimes not, but in most of cases you will need to pay tax of income that you will earn thanks to selling your coins.



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July 18, 2018, 06:08:16 PM
 #432

Selling Bitcoin as a business requires a license and consciously selling Bitcoin to someone whom you know to be a money launderer is a path to conviction.

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July 20, 2018, 07:34:53 PM
 #433

It totally depends upon the country in which you live.If your country supports Bitcoin then you can simply convert Bitcoin into cash but if your country is against it then it will be very difficult for you  to convert it.No doubt that Bitcoin is decentralized in nature and no government can control it but government can control the digital exchanges that allow the users to convert BTC's into the fiat currency of their particular country.If government will not allow those exchanges to work then you will not be able to convert your BTC's into cash.So it totally depends upon the legal status of Bitcoin in your respective country.


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July 21, 2018, 04:35:18 PM
 #434

..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..
That is true, it just depends in which country you are living cause in some you won't be able to sell the coins and in some you will need to pay tax cause you gain an income selling bitcoin to real cash.

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July 22, 2018, 03:27:10 PM
 #435

depending on which country will you sell your bitcoin?
if in germany, and do that then you will get into trouble.
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July 31, 2018, 07:45:48 AM
 #436

You earned therefore you have the right to sell them and use it for your need and wants, just an advice that do not withdraw your money at once especially when you reach a  million worth of Bitcoin... Try to cash them out little by little...
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July 31, 2018, 11:50:16 AM
 #437

Of course you can sell bitcoin in cash. but keep calm, there are also many scammers in that bitcoin exchange rate in cash. so would you be good at exhange people to exchange such.

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July 31, 2018, 12:21:13 PM
 #438

Certainly, there is no ban on sales of bitcoin in cash itself. It's a good thing because you have the right money to handle.
saaux
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July 31, 2018, 12:29:33 PM
 #439

I think there's no taboo on bitcoin and cash. It's a good thing because you have money right away. but it's just a scammer. There are many things to do with bitcoin. it is better to study first.
rosymadaan7
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July 31, 2018, 01:23:37 PM
 #440

Sale of bitcoin in cash can be legal affair if anybody disclose his or her income to government and pays income tax regularly.  Then it will be legal transaction 
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