What difficulty do you face on trading bitcoin?

[Pffrt]

I'm a citizen of a country where bitcoin is illegal and there's no good way of trading bitcoin in legal way and secured way. I have been trading through the community I have built within these years but sometimes I got difficulty selling bitcoin, not much although. If you are from a country where BTC is legit, I think you are enjoying trading bitcoin. But what about the countries where BTC is illegal? Do you have any such way to trade bitcoin securely? I would love to hear the experiences, difficulty you faced/faces.

[Em00n01]

Btc is illegal in my country. So i also trade though community. Besides, I have good relation with some reseller. So there is no trust issue. You can also try paxful.com . I saw there are many local dealers.

[mk4]

If Bitcoin is deemed illegal in your country, simply trade on peer-to-peer platforms such as Bisq[1] and Hodl hodl[2]. They wouldn't know that the money you're sending/receiving is for bitcoin. But of course, take extra safety precautions. You definitely want to route everything through Tor(Bisq has it on by default).

[1] https://bisq.network/
[2] https://hodlhodl.com/

[qory]

I'm a citizen of a country where bitcoin is illegal and there's no good way of trading bitcoin in legal way and secured way. I have been trading through the community I have built within these years but sometimes I got difficulty selling bitcoin, not much although. If you are from a country where BTC is legit, I think you are enjoying trading bitcoin. But what about the countries where BTC is illegal? Do you have any such way to trade bitcoin securely? I would love to hear the experiences, difficulty you faced/faces.

Bitcoin illegal in your country as transaction or digital currency payment but for trading and investing almost country in the world allow it, I think the same cases with my country not available using bitcoin as payment transaction but have got allowed make bitcoin as trading or investment assets, many people could save their money in bitcoin.

[BrewMaster]

luckily i live in a country that has no laws against using or investing in bitcoin so i never faced the problems you have struggled with but at the same time i never liked the idea of filling KYC forms in an exchange that is going to get hacked sooner or later. i am already worried about using the exchange itself with my precious bitcoins as it is, i don't want to give them any more things they can lose or worse sell!
luckily i mostly make investment in bitcoin, which means buying it when there is a dip or price is low and for that i choose P2P trades. throughout the years i have found trusted people whom i trade with semi-regularly.

[kawetsriyanto]

I personally live in a country where BTC is legalized as a digital asset, but not for payment tools. So that trading BTC doesn't meet any difficulties on the law. However personally I have difficulties in analyzing the market chart, still cannot analyze exactly when uptrend and downtrend probabilities. So I am not a good daily trader enough for now. Till now, I am still learning everything related to trading, especially on how to be safe and more profitable on it.

[ReiMomo]

Different countries had different stories here, but luckily I live on the country that bitcoin is freely to use, and anytime and anywhere I can convert it into fiat. I don't know how did you manage to exchange your bitcoin into fiat and it seems your country was banning people who use bitcoin.

I just curious, if you will be caught using bitcoin while it is banned, is there any punishment?

I hope someday this government who keeps banning bitcoin will realize how useful it is.

[famososMuertos]

I do not doubt that you know the laws of your country well, but bitcoin is not legal in many countries as asset to make legal commercial transactions that replace the legal currency (FIAT). But the above does not prevent you from buying or selling it as an Internet asset. What is happening in most countries.

There are others that the use of bitcoin derives even in prison.

But whatever situation you are in, whether they accept it or not, keep in mind that although they allow its use, there are legal provisions in some countries, where the taxes resulting from the use of bitcoin must be paid.

In the country I am in, it is not legally used to carry out any transaction that substitutes the legal tender, but if its purchase and sale is allowed, without any problem, it is considered a digital asset.

[RapTarX]

When I was a very newbie in BTC environment, I had very hard times to get someone who will purchase my coin. Sometimes, I even felt stupid why I would have to take BTC as payment, lol. It wasn't easy to get sites to sell BTC; since I was newbies, I did barely trust people dealing online. Nevertheless, BTC is legal in my local, hence, we got some advantages to trade.

[suvo05]

I'm a citizen of a country where bitcoin is illegal and there's no good way of trading bitcoin in legal way and secured way. I have been trading through the community I have built within these years but sometimes I got difficulty selling bitcoin, not much although. If you are from a country where BTC is legit, I think you are enjoying trading bitcoin. But what about the countries where BTC is illegal? Do you have any such way to trade bitcoin securely? I would love to hear the experiences, difficulty you faced/faces.

It was restricted to buy directly from a bank account. But there was no problem in P2P transactions. So I had to choose the P2P option only for the trading. Now that previous  restriction have been uplifted, So no such problem now and P2P is also available there.

[dothebeats]

The only option I see which you can try are P2P exchanges, honestly. You wouldn't want to risk it with VPN and fake credentials because exchanges are also quick to spot that too, and might even report you to your local authorities if they deem that you are trying to break their ToS and whatnot. DEX are also a thing now though honestly, there isn't much development on that department in the present times that it isn't even worth bothering--at least for me.

[goinmerry]

I'm a citizen of a country where bitcoin is illegal and there's no good way of trading bitcoin in legal way and secured way. I have been trading through the community I have built within these years but sometimes I got difficulty selling bitcoin, not much although. If you are from a country where BTC is legit, I think you are enjoying trading bitcoin. But what about the countries where BTC is illegal? Do you have any such way to trade bitcoin securely? I would love to hear the experiences, difficulty you faced/faces.

Bitcoin is illegal there so no choice but to stick with the methods you know there.

Using other third-party services might increase the risks of being caught by the authorities there.

Still lucky that you have options there to sell your bitcoins even it's illegal.

[mace15]

I haven't encountered difficulty yet in trading bitcoin since in my country bitcoin is legal. We can enjoy trades daily at all costs. I’m just wondering what punishment a person can acquire if doing illegal activities or against the government in your country. Well, then just to be safe just follow the rules and regulations there in your country since it is hard to put in jail once get caught.

[LogitechMouse]

None except for the fact that I'm not that good in trading. That is the difficulty that I'm facing right now.
This is also the reason why I stopped trading already and just focused on buy and hold strategy. It yields lower profits short term but less risky.

I'm a citizen of a country where bitcoin is illegal and there's no good way of trading bitcoin in legal way and secured way. I have been trading through the community I have built within these years but sometimes I got difficulty selling bitcoin, not much although. If you are from a country where BTC is legit, I think you are enjoying trading bitcoin. But what about the countries where BTC is illegal? Do you have any such way to trade bitcoin securely? I would love to hear the experiences, difficulty you faced/faces.

There are many ways for a certain user where Bitcoin is illegal in his country to buy some Bitcoin but to trade like day to day is quite hard I think. You are quite unlucky because there are not that much countries where Bitcoin is illegal right now. Maybe you can change your country if you want .

[Wexnident]

Bitcoin isn't really illegal in our country, heck there isn't much news that are about crypto as far as I can recall. That or I'm just ignorant, but I'm pretty sure it's legal. You should just probably hodl bitcoin for the long term instead of trading. It's a lot safer and you wouldn't need to visit the community to trade and wouldn't need the risk of you getting caught trading. Also, I'm pretty sure you wouldn't even profit much with daily trading with the difficulties you're experiencing right now and I don't think it's worth the effort you're putting out. Just hodl and you should be fine. That, or you can just migrate to another country where Bitcoin is legal, though I doubt you wouldn't have done that already if you could.

[tippytoes]

I haven't encountered difficulty yet in trading bitcoin since in my country bitcoin is legal. We can enjoy trades daily at all costs. I’m just wondering what punishment a person can acquire if doing illegal activities or against the government in your country. Well, then just to be safe just follow the rules and regulations there in your country since it is hard to put in jail once get caught.

That is really unfortunate to hear that the OP's country is still treating crypto as illegal. I am assuming he's getting a lower rate of btc as compared to the global market. Because that's how it works if it is p2p. On my end, though dealing with crypto is legal in my country, the problem (though not really a problem) that I usually deal is that these local exchanges are below like $600-700 from the global market like for example right now coindesk's btc price is about $11282 but if I want to sell it to my local crypto exchange, they are only buying my btc at a rate of $10600. So I guess that's a big loss for the trader. So I wonder how much is the price difference from the OP's side when he deals with p2p?

[Agios]

Even though today, Bitcoin is illegal in your country, but you should be patient and keep on striving to introduce crypto around you, because more and more Crypto users, the government cannot block or totally prohibit its circulation on the internet, so the government will change regulations, like in Russia Cryptocurrency has been legally traded.

[rhomelmabini]

I'm a citizen of a country where bitcoin is illegal and there's no good way of trading bitcoin in legal way and secured way. I have been trading through the community I have built within these years but sometimes I got difficulty selling bitcoin, not much although. If you are from a country where BTC is legit, I think you are enjoying trading bitcoin. But what about the countries where BTC is illegal? Do you have any such way to trade bitcoin securely? I would love to hear the experiences, difficulty you faced/faces.

I am from a country that is crypto friendly even banks are finding ways to legalized it and still enjoying to trade. Hence, if this will be regulated it will be taxed but not that to afraid of but I think this is the future; digital assets with a tax.

Just like what others are saying best is to trade it P2P there's no other alternatives best than that so you can stay on the safe zone and not on the eyes of the government.

[Blank-Head]

Trading on bitcoin is not so difficult if anyone makes fundamental analysis.But for me I am trying to learn because in trading I face a difficulty as I don't have much risk management knowledge.

[Darker45]

I am in a country where Bitcoin is accepted to a certain extent but is also misunderstood, abused in countless of scams, and stereotyped to the point that a mere mention of the word Bitcoin or crypto while opening a bank account would immediately mean rejection. A simple mention of those words could mean a frozen or locked bank account if you already have an existing one. In terms of trade, however, everything could be done smoothly. So I haven't really experienced difficulties.

Anyway, Bitcoin is a borderless currency so if your country is not putting very tight limits as to which specific sites you can access, you can pretty much navigate through the online world and find someone to buy Bitcoin from or someone you can sell Bitcoin to.