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Author Topic: Is it legal to sell bitcoin for cash ?  (Read 9892 times)
localexchangeguy
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August 21, 2018, 06:28:40 PM
 #461

What if a country does not have any regulation about it?
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tot-o
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August 23, 2018, 11:01:13 AM
 #462

As long as the amount is not bigger than 500000$ in single transaction and the money you use to buy is clean not not used to laundered.... Sell your Bitcoin partially to keep people from n oh ng your financial record...
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August 26, 2018, 08:50:54 AM
 #463

Is it legal to sell bitcoin in cash?
That's possible, but is that legal? Isn't that still a debate?
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August 26, 2018, 12:24:48 PM
 #464

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 there is no ban on crypto, then you can safely do whatever you want.
Kris34
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August 26, 2018, 12:46:57 PM
 #465

Everything will depend on your country and how they relate to bitcoin.  If there is no ban on operations, then nothing threatens you.
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August 26, 2018, 11:25:59 PM
 #466

If your country is not prohibiting you to sell bitcoin or your government is not making bitcoin illegal in your country. Then you are free to sell your bitcoin for cash.

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August 27, 2018, 02:50:56 AM
 #467

I think it depends on the country you're in or you live if there's existing law that prohibits the sale or use of bitcoin then you must abide on that so as to avoid prosecution. I guess there are around 150 countries where bitcoin and all cryptos are legal.

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August 27, 2018, 06:35:30 AM
 #468

In some countries it is legal but some countries very much illegal so it  very much based on which country you belongs too. Cheesy
Airbuxf
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August 28, 2018, 10:43:28 AM
 #469

In my country it is legal although if you make a bank transfer from the exchange you should pay an income tax from this transaction. If you echange for cash you can avoid paying taxes but I don't recommend it.
Cherylstar86
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August 28, 2018, 06:12:03 PM
 #470

In some countries it is legal but some countries very much illegal so it  very much based on which country you belongs too. Cheesy
You're definitely correct mate. Well, each country have different rules and regulations about bitcoin since this dominant crypto currency is so demand here in cyberworld. Also, we must aware the possible outcome since this kind of business is so controversial which need a great security in terms of transactions.


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Ayston
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August 28, 2018, 07:20:01 PM
 #471

Yes, it's only small portion so it's safe to trade! But keep on the list that your location is free country wherein you can freely used and trade crypto, because if not you might be reported and your earning will be confiscated....
Faeton
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September 05, 2018, 06:25:09 PM
 #472

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 will legally sell its bitcoins and turn them into cash if in the country at your place of residence special regulations are not passed to ban any deals with bitcoin. There are very few such countries. If your state has not yet passed any laws or regulations on regulation of the crypto currency, then in this case you can sell your bitcoins.

Boris_sahnevich
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October 02, 2018, 11:35:42 AM
 #473

If in your country cryptocurrencies are regulated at the legislative level, I advise you to read the relevant regulations. If cryptocurrencies are not regulated in any way, then sell and buy as you want, the main thing is not to fall for scammers.
Masterkai
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October 02, 2018, 05:54:29 PM
 #474

Yes, of course selling Bitcoin for fiat ( cash) is legal Shocked . I can't believe these guys, you can do that anywhere anytime.
Bizard
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November 08, 2018, 04:37:43 PM
 #475

Yes, at least while in the civilized world you can safely calmly and without risk in exchanging bitcoin for dollars or any other currency, the main thing is that the amount should not be large. Tax questions may arise!

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dareknotderek
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November 08, 2018, 06:24:22 PM
 #476

I think it depends on your jurisdiction, OTC and private sales in the US I think are totally fine.
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November 09, 2018, 11:43:45 AM
 #477

I think it depends on your jurisdiction, OTC and private sales in the US I think are totally fine.
there are countries that forbid it but there are countries that allow it. but I think it is something that is not prohibited because it is the right of every person to buy something while it is not a prohibited item. as far as I know that it is not permissible that Bitcoin cannot buy anything in some countries.

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November 10, 2018, 01:53:38 AM
 #478

As long as the amount is not bigger than 500000$ in single transaction and the money you use to buy is clean not not used to laundered.... Sell your Bitcoin partially to keep people from n oh ng your financial record...
if you exchange cash on an exchange site there is certainly a limit to the amount of withdraw, but if you exchange it in individuals people, of course you can sell it whatever amount according to the ability of the buyer. and I don't think they will know your bitcoin from the money laundering or not? as long as there is no ban you are free to exchange it for cash...

primejia
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November 16, 2018, 01:19:50 AM
 #479

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.
very legal, wherever we sell bitcoin does not violate the law because the sales system does not intersect with any bank, indeed after we sell we transfer to one of the banks in our respective countries,  it also does not violate the law,  I think it is legal maybe ..
Patient_Zero
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November 16, 2018, 02:02:27 AM
 #480

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 seems like wherever we sell bitcoin is legal, because the sales system is online and over the internet, so it doesn't violate the law, after a sale we transfer to our country or destination country which is usually problematic,  all depends on our destination country , if this suspicious transaction can be a serious problem,  but basically exchanging bitcoin with that money doesn't violate the law, in my opinion ...
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