How do you use bitcoin?

[Jemzx00]

I living in the In the same countries and if we raise the level of bitcoin or transfer a lot of bitcoin in our bank account, government make legal trouble for us.
so we need to be careful guys and I hope after few Months such countries give this access for the People and we able to mining and trading bitcoin like other People of the world.

I might suggest to avoid authorities knocking on your door regarding bitcoin transaction is to do micro transactions and avoid large sum of bitcoin transactions. This way, it might look less suspicious to them but still I'm not saying that there's no chance that they will not look into it. Anyway, there are various ways to avoid being caught by authorities when dealing with bitcoin such as person to person or via other digital ways such as Paypal or other websites.
But, the best way to avoid any consequences when dealing with bitcoin where it is illegal is to not deal with it at all and follow each of the country's rules.

[Lauren Smith]

You won't get into legal trouble how? Stop making blanket statements without any explanation about things like this. It just causes FUD. Don't be so paranoid.

 

Holding and trading is the best way to use BTC. It is still illegal in my country and can be used only like a digital currency. We can always easily exchange crypto on fiat. BTC is such a volatile asset that even if I had the opportunity to pay with it in a shop, I wouldn't do it yet.

You shouldn't be collecting bitcoin if you fear the authorities so much. Bitcoin is a tool of liberation, not fear. WHere do you live anyway? I can't believe bitcoin could cause so much of a problem that they would to take legal action. You are not hurting anyone so I don't see what the problem is.

[TribalBob]

I don't use bitcoin for payments but more for savings, if I need my money I sell it to my currency, because so far in my country there are not yet buying and selling transactions using bitcoin,

[Campbvrry]

Bitcoin is an encrypted digital currency, nor is it a currency invented and printed by someone alone, and it is not restricted by region. It has the characteristics of constant number, unforgeable, decentralized and anonymous.

[McMahllu]

I'm not familiar with all its uses,I'm just making a simple deal.

[Leonnuvh]

I don't know how to use Bitcoin yet, and I have kept it in my wallet since I bought it.

[Noctis Connor]

There are many countries where bitcoin is not accepted legally, so how do you use bitcoin in that country? Usually if you raise the level of bitcoin use in that country then you may get into legal trouble.
So how do you use your earned bitcoin in that country.

I use my bitcoin is wise way since bitcoin is very legal in my country where some of our senators are making their own coin i don't if it is for their own good or for their people who wants to use it and then give them a way on how they can be out in their poor state. I used bitcoin since 2013 until now where it gives me a good business already and this is where i get support for my business since this pandemic hit me really hard i need some financial to keep my business running also i already have house that came from using bitcoin.

[gregy45]

Finding the perfect moment to buy bitcoin is literally impossible. Whatever the price the trader has not acquired an asset with a high probability it will fall before moving into a phase of long-term growth. Therefore, some investors use the "averaging" strategy.

My strategy works like that: split the capital into several parts and buys bitcoin with them over time. Thus, if the price of the asset falls, you can use this as an opportunity and buy more coins. In this case, the average purchase price of BTC will decrease.
Each user can determine for himself how much he will divide the capital. The more of them — the more average the price will be. The best option is to invest $25 in BTC every day. Do not waste time on other assets, do not spend money on currencies that are less known and that have been on the market for as long as bitcoin. Simply buy the most famous digital currency on a daily basis.

[Issa56]

Have been using bitcoin for the past few years in my country bitcoin and any other cryptocurrency is allowed and you can do anything you like with your bitcoin but I always trade my bitcoin that's the only thing I do with my bitcoin but you can definitely do lots of things with your bitcoin.

[saffira]

It is good here in the Philippines that bitcoin is legal. I can use it online shopping, buying prepaid loads and converting to fiat anytime is really easy because you can transfer it directly to bank accounts or cash out through remittance centers. So what I do with bitcoin is trading,I buy low and sell high.

[panganib999]

In my country, it is legal to hold Bitcoin as a digital investment, but it is forbidden to use it as a payment tool. So, we just buy Bitcoin and hold it for digital asset purposes. I think it is no problem, at least we are allowed to use Bitcoin for the digital asset. If we want to have cash, we just need to exchange the crypto coins on the market with Rupiah.

That is so sad to hear. I know bitcoin has a lot of purpose when it is made. Bitcoin conquer the possibility of having a stress free and easy way of having transactions online. It is the main purpose of bitcoin, actually not just bitcoin but also those other cryptocurrency coins but it is banned in your country for using in some transactions? The essence of the digital money is that gives us the stress free, fastest and easiest or more like convinient way of earning. I think you will not able to maximize the idea of bitcoin or its description of use. But I also believe that by in trading or holding you will gain more profit. It is like gaining and earning but not using so it'll save up and stack. Good for your future I guess.

[Angel_Isabella]

I trade bitcoin with other virtual currency. Sometimes i buy goods from online.

[SacriFries11]

We're one of the luckiest countries that legalize bitcoin and even the government allow cryptocurrency transaction in all parts of the country. A lot of online payments platforms have already adopt the cryptocurrency. Many stores have already accepted bitcoin and other cryptocurrencies to pay for goods and services. We have different remittances that allow us to convert to fiat money and buy things that we want. We can spend cryptocurrency freely.
I spend bitcoin when I need to buy loads so I can earned rebates by means of accredited cryptocurrency online wallet. Pay bills and buy other cryptocurrency as invest.

[MarcoReus11]

Does we  can use Bitcoin for online shopping

[raji1995naya]

There are many countries where bitcoin is not accepted legally, so how do you use bitcoin in that country? Usually if you raise the level of bitcoin use in that country then you may get into legal trouble.
So how do you use your earned bitcoin in that country.

Now there are lots of ways to convert BTC to fiat currencies. As an example Binance p2p.  Likewise, we can sell our BTC or any other crypto to buyers. Don't be scare about the withdrawing process. This is a big world and lots of paths to what we want to do. Just analyze the market and make a move. You will get your profit definetely.

[Nora Olin]

Bitcoin can be bought and sold through on-exchange and off-exchange transactions. Most countries have explicitly banned on-exchange transactions, and users can obtain profits through over-the-counter transactions, that is, trading transactions with the platform as a guarantee;

[Sithara007]

We're one of the luckiest countries that legalize bitcoin and even the government allow cryptocurrency transaction in all parts of the country. A lot of online payments platforms have already adopt the cryptocurrency. Many stores have already accepted bitcoin and other cryptocurrencies to pay for goods and services. We have different remittances that allow us to convert to fiat money and buy things that we want. We can spend cryptocurrency freely.
I spend bitcoin when I need to buy loads so I can earned rebates by means of accredited cryptocurrency online wallet. Pay bills and buy other cryptocurrency as invest.

Good for you. I live in a country, where cryptocurrency users face a lot of harassment. Shops and online stores are not permitted to accept Bitcoin as a form of payment. Last time someone tried to install a Bitcoin ATM, he got arrested and his equipment was confiscated (along with his personal laptop, mobile phone.etc). Local exchanges were banned until 2020, and now they are facing closure again. Banks regularly close down accounts which they believe are used for cryptocurrency trading. I wish the cryptocurrency laws here were more sane.

[3meek]

We're one of the luckiest countries that legalize bitcoin and even the government allow cryptocurrency transaction in all parts of the country. A lot of online payments platforms have already adopt the cryptocurrency. Many stores have already accepted bitcoin and other cryptocurrencies to pay for goods and services. We have different remittances that allow us to convert to fiat money and buy things that we want. We can spend cryptocurrency freely.
I spend bitcoin when I need to buy loads so I can earned rebates by means of accredited cryptocurrency online wallet. Pay bills and buy other cryptocurrency as invest.

Good for you. I live in a country, where cryptocurrency users face a lot of harassment. Shops and online stores are not permitted to accept Bitcoin as a form of payment. Last time someone tried to install a Bitcoin ATM, he got arrested and his equipment was confiscated (along with his personal laptop, mobile phone.etc). Local exchanges were banned until 2020, and now they are facing closure again. Banks regularly close down accounts which they believe are used for cryptocurrency trading. I wish the cryptocurrency laws here were more sane.

If we are talking about India, in some ways it has already become a meme, when once again the government bans cryptocurrencies, and then again allows... Some projects even make money because of this!
I don't think the bans will be permanent...

[mezzaluna]

We're one of the luckiest countries that legalize bitcoin and even the government allow cryptocurrency transaction in all parts of the country. A lot of online payments platforms have already adopt the cryptocurrency. Many stores have already accepted bitcoin and other cryptocurrencies to pay for goods and services. We have different remittances that allow us to convert to fiat money and buy things that we want. We can spend cryptocurrency freely.
I spend bitcoin when I need to buy loads so I can earned rebates by means of accredited cryptocurrency online wallet. Pay bills and buy other cryptocurrency as invest.

That is surely some good news because having to live in a country in which utilizes Bitcoin properly is a huge step to advance to a more Technological Life. Having to implement a way to further entice their users is also a great way to promote their application since having to use it continuously would likely invite more users because of the profit that they could also gain from it.

[shane_gr]

It is easy to extract bitcoins abroad.
There are many sites that rent their miners and people use those devices online and at the end of the month they pay the company's share and withdraw their money. If you search the internet, there are such sites. They have a high credit rating.