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Author Topic: bitcoin illegal country.  (Read 614 times)
shafi alam (OP)
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September 25, 2017, 06:44:13 AM
 #1

Bitcoin is A Decentralized money Transaction system. i saw in youtube many store accept bitcoin, and Buyer Give Bitcoin By Atm card.

My Question is I know Some country where bitcoin is not legal. Now i want to Know,  Have any way to convert btc to usd By ATM.
Nawaytes
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September 25, 2017, 06:55:47 AM
 #2

If bitcoin has been banned in your country, then you don't need a bitcoin ATM. Why? because there is definitely no bitcoin ATM there.
But you can still convert it into the currency that you need through an exchanger, and it's very easy.
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September 25, 2017, 06:59:29 AM
 #3

Bitcoin is A Decentralized money Transaction system. i saw in youtube many store accept bitcoin, and Buyer Give Bitcoin By Atm card.

My Question is I know Some country where bitcoin is not legal. Now i want to Know,  Have any way to convert btc to usd By ATM.

If you don't mind me asking, what country do you know where Bitcoin is illegal? As far as I am aware no country has outright made it illegal.
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September 25, 2017, 08:19:00 AM
 #4

Bitcoin is A Decentralized money Transaction system. i saw in youtube many store accept bitcoin, and Buyer Give Bitcoin By Atm card.

My Question is I know Some country where bitcoin is not legal. Now i want to Know,  Have any way to convert btc to usd By ATM.

If you don't mind me asking, what country do you know where Bitcoin is illegal? As far as I am aware no country has outright made it illegal.

Probably a Taiwanese state that openly forbids the use of bitcoin in the country,https: //www.cryptocoinsnews.com/bitcoin-declared-illegal-in-taiwan/
and the rest have never heard of illegal bitcoin statements, only in some countries that limit the use of bitcoin and government appeals to be more careful about businesses in bitcoin.
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September 25, 2017, 08:43:55 AM
 #5

Many people consider bitcoin as a risk to the current banking infrastructure and thus the governments are worried that they will lose their tax payments that they burden their people with every year. No one likes to get taxed and thus many people resort to bitcoin payments and thus often many countries have tried to stop bitcoin being used. However this is not practically possible because bitcoin is not controlled by the government and thus using modern tools anyone can use it without being traced at all.

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September 25, 2017, 08:50:44 AM
 #6

Bitcoin is A Decentralized money Transaction system. i saw in youtube many store accept bitcoin, and Buyer Give Bitcoin By Atm card.

My Question is I know Some country where bitcoin is not legal. Now i want to Know,  Have any way to convert btc to usd By ATM.

If you don't mind me asking, what country do you know where Bitcoin is illegal? As far as I am aware no country has outright made it illegal.

Probably a Taiwanese state that openly forbids the use of bitcoin in the country,https: //www.cryptocoinsnews.com/bitcoin-declared-illegal-in-taiwan/
and the rest have never heard of illegal bitcoin statements, only in some countries that limit the use of bitcoin and government appeals to be more careful about businesses in bitcoin.

Bitcoin ATMs are banned in Taiwan but basically Bitcoin is legal there. You can purchase BTC in thousands of convenience store kiosks there. You can even purchase goods with Bitcoin in Taiwan.

You can read more on legality of Bitcoin by country here:

https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

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September 25, 2017, 08:56:09 AM
 #7

If it is illegal, I suggest going back to fiat as you will have limited ways to spend your bag. But if you are holder, maybe in the future it will be declared legal by government of your country.

Time changes the game.
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September 25, 2017, 09:09:36 AM
 #8

In accorfance with my knowledge, bitcoin cards are not specifically designed to be used by their own ATMs, it can be use anywhere where master and visa cards are accepted.
However, if you think local government has banned bitcoin withdrawals in your contry, you can still deposit to your paypal using bitcoin card and then simply move money to bank linked to your paypal.
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September 25, 2017, 09:20:10 AM
 #9

Even if bitcoin is banned in your country you have the opportunity to exchange your bitcoins on the exchange and withdraw to a Bank card in dollars or euros. These currencies are allowed in all countries. It seems to me that ATMs are a relic of the past.
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September 25, 2017, 09:23:05 AM
 #10

If it is illegal, I suggest going back to fiat as you will have limited ways to spend your bag. But if you are holder, maybe in the future it will be declared legal by government of your country.

Time changes the game.

Yes, once start accepting by many big companies then all countries will be forced to accept bitcoins, but it may take some time. As of now some people still think that these cryptocurrencies are using only for illegal transactions, but that thinking may change in future. So hold your coins, and you can make a huge profit in the future.
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September 25, 2017, 09:33:07 AM
 #11

I guess ATM bitcoin exists only in countries that have legalized bitcoin and that ATM is only available in small quantities, therefore I'm sure in countries that have not legalized bitcoin would not have available bitcoin ATMs.

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September 25, 2017, 09:34:58 AM
 #12

There are many countries where Bitcoin is not yet completely legal. If you are from one of those countries then it might be a little difficult for you to get bitcoins. If you want to buy bitcoins then you can try to find a local trader from your country who sell bitcoins for fiat. If you don't find one then you can try to get bitcoins from localbitcoins which is a website to purchase bitcoins. Nowadays there are many websites which enable you to buy bitcoin directly from your credit card, so you can try searching for those sites.

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September 25, 2017, 09:37:04 AM
 #13

if bitcoin were illegal in some country then they wouldn't have any bitcoin ATMs in their country either which means there is no way to convert bitcoin to USD through something that doesn't exist. and why USD! bitcoin is not illegal in US and there are many ATM machines for converting bitcoin to USD or buy bitcoin with USD from them. the usage is also pretty straight forward. the machine is self explanatory you give it money and select the options and receive your bitcoin in an address that you like.

Only Bitcoin
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September 25, 2017, 10:51:10 AM
 #14

Bitcoin is A Decentralized money Transaction system. i saw in youtube many store accept bitcoin, and Buyer Give Bitcoin By Atm card.

My Question is I know Some country where bitcoin is not legal. Now i want to Know,  Have any way to convert btc to usd By ATM.
I think you cannot use atm to convert bitcoin and it is not possible right now it depends on your country if they don't banned bitcoin maybe there are possibilities that it may happen but i've seen bitcoin atm on youtube i don't know what country is that but go search for it, and the best way to convert bitcoin in to real cash is go to some bigs exchangers.
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October 11, 2017, 04:52:59 AM
 #15

Bitcoin is A Decentralized money Transaction system. i saw in youtube many store accept bitcoin, and Buyer Give Bitcoin By Atm card.

My Question is I know Some country where bitcoin is not legal. Now i want to Know,  Have any way to convert btc to usd By ATM.
Don’t be panic if there is no ATM machine in your country, because your country still did not allow bitcoin and is illegal. Most of the countries still do not accept bitcoin as a regular currency, but the people there buy bitcoin because it is also a digital coin business. There will many exchangers in your country. You can exchange bitcoin in your local currency or anyone you want.
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October 11, 2017, 05:48:24 AM
 #16

Why do you need a ATM if you could simply use https://localbitcoins.com/country/TW < That is to say, if you are from Taiwan? I will also recommend that you search for local Bitcoin meetups in your area and then start trading with these people. I trade with a lot of nice Bitcoin traders that I met at these meetups. < Tip : Start with small trades until you have built an level of trust and then continue with bigger trades. >

Beware of the many scammers out there and make use of a trusted escrow if you trade on this forum.

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October 11, 2017, 05:56:46 AM
 #17

There are a few where BTC is banned. Ecuador, Bolivia and Bangladesh. People use VPNs and travel to cripto friendly places to convert it to fiat. There is also a black market with 20%+ markups.
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October 11, 2017, 05:57:46 AM
 #18

I guess ATM bitcoin exists only in countries that have legalized bitcoin and that ATM is only available in small quantities, therefore I'm sure in countries that have not legalized bitcoin would not have available bitcoin ATMs.
You're wrong dude. Although my country still not legalize Bitcoin but there are still some Bitcoin ATMs in my country. As I know you can use Bitcoin ATM to convert cash to Bitcoin very easily, the mode of its operation almost like a vending machine and of course you can easily sell you Bitcoin and receive cash with Bitcoin ATM as well
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October 11, 2017, 06:52:51 AM
 #19

Many bitcoin holders and users find it difficult to convert bitcoin to USD quickly. Depending on the country, selling bitcoins locally may not be easy. Bitcoin users also have to be careful not to fall victim to scammers, whose modus operandi involves disappearing without a trace after transfer of bitcoin. It is important to find a reliable, fast and safe service.All you have to do is to load bitcoins onto your USD-, GBP- or EUR-denominated bitcoin debit card. All fees are transparent. What you see is what you get. We promise — no nasty surprises or added charges.
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October 11, 2017, 08:01:54 AM
 #20

Bitcoin is A Decentralized money Transaction system. i saw in youtube many store accept bitcoin, and Buyer Give Bitcoin By Atm card.

My Question is I know Some country where bitcoin is not legal. Now i want to Know,  Have any way to convert btc to usd By ATM.

here you can get some info about counties where bitcoin is legal or not...
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
to convert btc to usd By ATM you can use one bitcoin debit card, charge it and withdraw from ATM

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