How do you use bitcoin?

[suzanne5223]

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.

The number one thing to do when you are from a country where cryptocurrency is not legal is to understand the government stance towards crypto cause there are some countries mining/trading is allowed but the use of Bitcoin as legal tender is not allowed and if that's your situation.
I will advised you to find some on the forum which you'll trade crypto to fiat with through WU,MG, Paypal etc but must be a user with green trust.

[geyayy]

Fortunately in my country, we have a platform for this and there we can exchange bitcoin and ethereum to our country's money. We can withdraw or transfer to our bank accounts, we can even use it to shopping apps. In the past, I use half or one thirds of my earned bitcoin to shop and finance myself, and the rest is hodl!

[lienfaye]

Good thing bitcoin is not set illegal in our country. We can freely spend it in merchants accepting bitcoin as payment.

We have a local wallet wherein we can directly pay our bills or the purchase items on the popular local online shops. Its convenient for bitcoin users despite of few merchants accepting bitcoin, for the reason its not yet establish here as virtual currency that can be use for payment or as an investment.

[lixer]

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 decentralized exchanges and they can be of help a lot of times and also if you can be able to connect to a community of people who are into the same stuff you can easily do peer-to-peer trading; if you're the one that wants to sell your BTC or whatever currency you have, you send it to them and they send you the money straight to your bank, and that's it, nobody knows what happened, all your bank sees is alert as long there was no description put to the transaction that describes or reveals what was done.

For some places it might be legit but the laws are strict even for the centralized exchanges that are working in those countries. In countries like this, such regulations can lead to an exchange being difficult, so you also have to look for other means.

[bhavitrahostbd]

I have some bitcoin in my bitpay wallet. But, i cant use it because bitcoin is illegal in Bangladesh. So, what can I do? any suggestion?

Thanks,
Shayan
Best web hosting company in Bangladesh

[Shasha80]

The government in my country allows its people to use bitcoin for investment and trading on exchanges, but it is not yet legal to use bitcoin for the payment of daily services such as paying for electricity or to pay for goods in the store.
As a law-abiding citizen, I follow the rules of my country and it makes me comfortable and focused on innovating and trading cryptocurrencies.

[shoreno]

why include countries where btc is not legal because they cant even own a btc , much more of using it . im not on those country but im in a country where btc is legal and to answer your question i use btc rarely and if im using it im only sending some amount to gamble in a btc accepted casino and the rest will be used for top upping internet data's  . pretty much i sold most of the btc i have and then i spend the cash normally outside to buy basic things that ill be needing for a month , i find this easier than the other way around

[adzino]

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 don't thing there are "many" countries that has banned the usage of crypto currencies. As far as I know only few selected countries and most of them are highly corrupted.
Again, there are some countries where the coin isn't regulated. You will have to use it at your own risk. And then there are countries where they see currency as something else (like private money, property and so on) and you are free to use it as long as you report everything to the financial authorities properly.
If your country has banned the usage of crypto currencies, you shouldn't use it. You will end up being tied to evading taxes, money laundering and other criminal activities. Though you will only get into trouble if you convert your coins to fiat currency.

[Inkdatar]

Here in my country there are some services that accept bitcoin as payment. But, usually when I have bitcoin I used an application where I can convert btc to fiat money, also good thing in that application we can convert easily to fiat to pay bills and purchase load services. However,, it is still limited to use bitcoin that’s why I still convert to fiat. Hope in the coming years we can see an improvement.

[Majharul Saiif]

Bitcoin is not ultimately legitimate in our country and it has not been announced. Heretofore it is not legitimate, I cannot use it comfortably. Bitcoin has to be transformed into fiat. Hopefully, there will come a time when Bitcoin will be lawful in our country and will get an announcement. I am looking forward to that day.

[Debonaire217]

The main hindrance that you can expect when you are using bitcoin in an illegal country is that you cannot pay it physically especially when going out, there's no available store where you can use bitcoin as payment. The other services still work and you might just need a VPN to make sure that you can access most of the site that offers bitcoin services. As I know, countries couldn't really ban bitcoin or restrict the internet to avoid people using it, it is decentralized is accessible wherever you are.

[hridoyb]

Bitcoin is a crypto coin and nobody cannot control this.I am using this coin for various online payment and also short trading. Our government rejected bitcoin and also add money laundering cases so we use bitcoin safely and secret, Most of the people using bitcoin for gambling and some are holding for the future.

[lebregone]

In my case, I am currently using bitcoin as my form of savings while my other bitcoin was used to pay my bills also. There are time also that I  use bitcoin as a salary to my workers if the transaction fee is not that high but if I can see that it is high then I move to other currency like Ethereum.

Trading is not an option for me yet as I cannot see any good strategies yet but if I can find some useful strategies where I can use bitcoin then I will definitely use bitcoin to trade someday.

[Ridwan Fauzi]

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.

Since there is no merchant who accepts bitcoin in my country I can't use it as a means of payment, yeah my country still prohibits the utilization of bitcoin for payment system because they only include as a commodity. I only use bitcoin as a means of my income even it is my source of income now since I have no work in my real life. I decided to be a full-time trader when I was dismissed because my company went bankrupt due to coronavirus, but yeah until now I enjoyed it and I can do everything I want.

[lovesmayfamilis]

I will not be original in saying that I use Bitcoin in many ways. Now there are a lot of sites where you can buy digital products for Bitcoin. As the saying goes, you don't need to be very smart to spend money. But to increase them, you need some knowledge plus the ability to be very patient, as well as have good nerves. For the most part, I prefer to hold bitcoins without selling them. As history shows, this is the most profitable use of this asset.

[Anyobsss]

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 haven't seen any store in our country that accepts bitcoin. Even in online stores, I haven't seen one that accepts bitcoin so I primarily use bitcoin and eth to earn money in trading. It isn't illegal in my country, it's just there aren't many who uses it.

[Fatemablabla]

In my country crypto is banned, and we don't have any exchanger that gives a opportunity to exchange BTC for our fiat. But recently Kucoin launched p2p exchange for our Fiat. But I never used it.  

For maximum time I sell my bitcoin to another Crypto user of my country. We have many trusted group on telegram with our local people who buy sell this Crypto. I always sell my crypto there.

And sometimes I buy gift cards with btc and than do shop with that.

[Gotumoot]

I trade them into Fiat to use them for my daily needs.
I also use them to purchase some online services from my online friends.
I don't have much skills in trading so I don't make any good profit from it.

[FlightyPouch]

Bitcoin is not illegal in our country so we can use it without a problem. Even though that is the case, the problem is that only a small percentage of the population is actually using it so we can't use it directly, usually, to use them we still need the services of a local exchange. Hope we can already use it directly especially we are in a pandemic right now.

[Crptomagma]

Well in such cases you don’t need to use bits for any physical transactions in other not to get penalized for such acts but you should understand that bitcoin is a digitized and decentralized currency so it’s use and flexibility is not limited by any country policy because it’s can be used as a means of exchange and transactions worldwide.

You can as well use it to trade and involve in many online platform that accepts bitcoin as a medium of payment. We can use bitcoin as a means of making money online and at the end convert it as the physical currency accepted by your country.