How do you use bitcoin?

[Jocuserious]

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.

[oktana]

For now, I simply trade them on an exchange an convert it to fiat. But trust me, maybe in 10 years time, they'll be more use case for bitcoin. BTW, there are online stores that actually accept bitcoin as a means of payment (see here). So you don't really have to make use of it in a physical store. However, it's only a matter of time.

[Sterbens]

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 tried to read this over and over again so that I got a simple, suitable and clear gist of it. thanks for the question.
actually the answer is very simple, that is what I need to do is I will increase the use of bitcoin to the maximum limit, then repeat it at a different time.
for example if in a country the maximum limit for using bitcoin is say 2 btc, then I will immediately change it to fiat currency.
Then on the other hand I collected BTC on different exchanges until it reached 2 BTC, I automatically exchanged it again.

for me it can always be simplified, so that I can avoid uku problems in the country.

[mk4]

Fortunately in the Philippines, we have this local exchange called Coins.ph. Pretty much like Coinbase, but on steroids— we can use the funds in that wallet to buy through Lazada and Shopee(pretty much the Philippine version of Amazon).

Also, take note that you don't necessarily need to be using bitcoin to pay for stuff "use" it. You're using bitcoin, specifically taking advantage of it's scarcity aspect, by just holding it.

[Ayiranorea]

Using bitcoin isn't a big deal. In my country I prefer using trading platforms and PayPal. Most of the bitcoin usage from wallet goes towards gambling and for long term holding. Upon this I don't feel any complications on using bitcoin. As I have the easy access of buying bitcoin in exchange for paypal the same amount can be transferred to the bank account for other usages.

[Josefjix]

I trade my bitcoin directly to fiat on P2P exchanges and withdraw directly to my local bank account. Aside that I use bitcoin to purchase services I can't spend fiat on online and bitcoin is accepted for such services.

[Genemind]

In our country, we are free to invest and use cryptocurrency, however, there are only a few stores or merchants who accept crypto as payment. So, if ever we intend to buy something online via crypto we will have to exchange our BTC for our local currency to pay bills, buy cellphone loads, game credits, or even food, or even use it as a remittance to send money.

[boyptc]

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.

They are not that many that don't accept bitcoin.

This is one source that you can use for reference to how many of them accept and accepts not.

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

So how do you use your earned bitcoin in that country.

I usually cash it if there's no option that accepts bitcoin to that online store that I shop.

But if I live in a country where bitcoin is illegal, I'll hold it temporarily.

[bounty786]

Bitcoin is different than what you know and use every day. Before you start using Bitcoin, there are a few things that you need to know in order to use it securely and avoid common pitfalls.

[witcher_sense]

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.

You obviously cannot force anyone in your country to accept bitcoin for payments if it is not declared as a legal means of payment. There are some countries where you still can use it for other purposes such as hodling, trading, transacting between people and your own wallets, etc. There are also countries where all these things are prohibited, and the use of bitcoin is significantly restricted. If you happen to live in a country hostile to bitcoin and still want to use it, you have no choice but to break the law and become a criminal  (at least in the eyes of your government). If you believe your rights to free speech and freedom of expression should be respected, you may start to consider bitcoin a tool for transferring your messages to those who agreed upon receiving them.

[John Kammy]

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.

There are several ways to convert bitcoin to cash and ultimately move it to a bank account: Sell bitcoin on a cryptocurrency exchange, such as Coinbase or Kraken. This is the easiest method if you want to sell bitcoin and withdraw the resulting cash directly to a bank account.

[LogitechMouse]

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.

Me and the Bitcoin users here in the Philippines are lucky enough that cryptocurrency is allowed to use here that is why we are free to use our Bitcoins in anyway we want.
In order for us to use our Bitcoins here to buy some goods, we must convert it into our own currency which is the PHP.

I'm using my Bitcoins to pay monthly expenses here as long as my own expenses too. I'm saving some Bitcoins too for long term and at the same time, I'm using some of my Bitcoins to invest into other assets like the Stock Market etc.

[xZork]

In my country, owning bitcoin as an asset is legal so I can own bitcoins as an asset and be protected by law. Also I can sell it as cash to pay the bills, as long as I pay the taxes in full then everything will be fine.
However, in my country, bitcoin is not allowed as a currency, so if someone uses bitcoin to pay for an item he will surely be in trouble with the law.

[carlisle1]

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.

It is not accepted in My country legally as well but at least there are no rules of not having this.so there are some online merchant that offering to accept Bitcoin and also there are some restaurant/bar that i found Bitcoin as valuable.
other than this is using as payment of billings though it needed to be converted as fiat first before i can pay bills after.
but at least i am lucky as Bitcoin and cryptos are not banned in my country totally so i don't need to face legal matters.

[Wexnident]

Nothing really. I use them whenever my fiat funds are gone, and I really need to buy something OR the merchant accepts Bitcoin but doesn't accept anything else easy enough for me to use. That, and simply for trading, but that's about it. Nothing much to do with it tbh, especially since most physical stores don't accept Bitcoin as payment, most of my payments are through e-commerce stores that accept Bitcoin payments. Mostly in concerts (online ones) right now though, especially if it was through another country since sometimes my card doesn't work, luckily enough there are some merchants that accept Bitcoin payments.

[so98nn]

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.

In India, its a compete chaos! I mean government neither fully banning it or letting us use it the way we want. In any case people here are using it for the purpose of trading only. We can freely withdraw the traded money into our bank accounts. I see WazirX is biggest platform followed by ZebPay who are giving us the opportunity to withdraw the money without any hesitation.

We like to see more application in our country but somehow government is resisting the use of BTC/crypto in our country. Keeping that in mind stores/malls/e-commerce is just out of the question in our country. All you can do is trade, earn online, do the mining secretly, thats all.

[Nhor1011]

We have a crypto wallet here in our country where we can store bitcoin and at the same time we can convert it directly to fiat money and withdraw in selected remittance center. Also I can use bitcoin directly to pay our bills and to buy loads. Very useful digital currency and convenient to use.

[Kupid002]

I am not part of that countries which have restrictions in Bitcoin or Bitcoin transaction so I can use my Bitcoin normally .

I can convert Fiat anytime that  I need money I can also use my Bitcoin in many transaction like topup paying bills top up  shop online widraw in remittance or bank etc , using 3rdparty custodial wallet .

For now I am accumulating BTC as faster as I could because I feel that there will be another ATH that will happen by this year or next year and I do not want to miss it.

[Teresa_FX1]

I trade bitcoin and exchange it to fiat on some reliable platfroms when I need it. I hope it will be more adopted soon so we can really use it as payment method.

[pinggoki]

Due that the bitcoin is not legally accepted in most of the countries right now, people like us are currently exchanging our crypto like bitcoin into fiat first in order to use it for buying some products. We all know that there are some shops and stores that are accepting bitcoin but most of the stores are still into the fiat form of money so that we are using bitcoin to convert it first into fiat to be used as an reliable exchange to the stores.