How do you use bitcoin?

[dothebeats]

I just use some for gambling and hold the rest. And in some instances I convert some of my coins for cash through a local exchange regulated by the central bank. Most bitcoin and crypto transactions within this country is permitted and holds no legal repercussions unless it was used on illegal activities. However, online gambling is not explicitly permitted, and at times are prohibited by the local government so I don't let anyone know about my gambling exploits here. Only a few of my friends know that I play online using bitcoin and they seem to be pretty chill about it.

[kawetsriyanto]

In my country, it is clear that Bitcoin is legal, but only as a part of digital asset, it is under the law of the government. But, we can't use it for payment method because it is still not legalized. So, it is better to obey the regulation in my country. Moreover, there is still no merchants that accept BTC as payment in my country (don;t know if I miss it).
However, we can find BTC ATM in my country, at least 3.

Here, I am so glad that BTC and also crypto is legal because in this case, we can trade it in repuatble exchange under the law so that it is trusted enough, and of course, more secure.

[sapnu]

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.

Absolutely, that's why there are lots of people who are using bitcoin all around the world because only a few countries that prohibit the usage of bitcoin. There are lots of countries already recognized bitcoin and the usage of it, as time passes by, bitcoin itself is continuously becoming famous all around the world because of its benefits. We all know that cryptocurrency is digital money which you can store in some application or website that can be access through your device and internet connection. With that, we can send money or cryptocurrency all around the globe in such a period of time without hassle and it is safer than sending physical money overseas. It is also an investment to some people that they can create profit by their own knowledge and understanding.

[Cling18]

I'm using Bitcoin for multiple purposes. In our country, there are lots of merchants and platforms that accept Bitcoin. I'm using it to buy stuff and do shopping online. I'm also able to pay our bills and necessities through it. It's really convenient and I don't have to convert it into cash. Buying electronic load through our local Bitcoin wallet is also possible. However, I'm still allocating some of it for my savings especially now that the price of Bitcoin is getting better.

[Casdinyard]

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.

Third party, right?
There are more places wherein cryptos are neutral such that it is not supported and prohibited at the same time. Businesses are not yet trusting its benefits which we cannot force them from doing so. Also, Bitcoin and other cryptos are more often used as an investment and not as a currency even in places wherein it is not legal. There are networks doing the same thing which is to adapt to the new technology. Further developments in this industry might be needed in order for more people to see the benefits of cryptocurrencies as digital currencies. And that's more likely years from now.

[South Park]

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 my country bitcoin is legal so I do not have any problems in that front, the biggest issue is that there is almost no one that uses it, so far I have only found out two different businesses that accept it and it is simply not enough, so for the most part I use my bitcoin to gamble a little bit when I feel like it and to pay for products or services over the Internet with it, but still this is the exception rather than the rule as I prefer to keep most of my bitcoin in long term storage.

[k@suy]

I don't even tried to use bitcoin in any other platforms because here in my country, there are no businesses that uses bitcoin as a means of payment so what I am doing is I am selling all of my coins then convert it into fiat before I use my money for my leisure, daily needs and monthly bills. It is also an advantage for me if and only if the bitcoin would be legal here soon.

[Wesleyeric]

Well looking at your question, the only issue on any country that don’t accept bitcoin is just bitcoin ATM MACHINE, because it a physical machine, other things you do is online, We don’t force anyone to use bitcoin as a media of exchange. So continue doing it online don’t worry about people or the government, maybe when they hear the next bitcoin vision, they will legalize it.

[proTECH77]

In my country bitcoin is well legalized. There are many bitcoin shops where you can eat and pay with bitcoin, are everywhere in the community without anybody harassing you of using bitcoin to pay for your consumption. It is a big honour for those who are using BTC to  invest in my country because the government know that is not too easy to get master of some platform rules and regulations.
Many people have use bitcoin to grow their businesses to enable them to make a good profit out of the investment. Many people no longer see bitcoin as a scam currency than to see it as good digital currency anyone can use to grow a business. No taxes is paying to the government before you can start operating in the community.

[Rafiqul]

Bitcoin is not legally valid in my country. So I can't use my earned bitcoin on banking channels or in public. I usually sell bitcoin through my known resellers and receive money through bKash or bank.

[molsewid]

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 will avoid using bitcoin in that country as long as I can to avoid legal trouble. Before I go to that country, I will convert all of my bitcoin to fiat currency in the country that accepts bitcoin legally. If I have bitcoin again, I will not use it in that country, but if it's badly needed for an emergency. I might sell it to one of my friends in another country.

[YOSHIE]

Bitcoin is not legally valid in my country. So I can't use my earned bitcoin on banking channels or in public. I usually sell bitcoin through my known resellers and receive money through bKash or bank.

Which country do you live in, it is a pity, Bitcoin is traded like people buy diluted oil, indeed in your country does not have an official trading exchange or exchange for Cryoto users, I was curious and this was the first time I heard of people selling Bitcoin through thinners.


OP, I am fortunate to have the local Indodax exchange at our place in buying / selling crypto and trading with fiat money, we can transact in all sectors of the Bank both local and national.
We have a strong legal entity from the government.

[Wulan_maniez]

There’s not much I do in using bitcoin, other than just to invest and trade on exchanges. I think this way my bitcoin can increase. Especially if you look at the price of bitcoin now the price rises. I have no intention of paying my groceries with bitcoin. Because if the price is going up, then I feel like I’ve thrown away my bitcoin for free.
In my country, there are still a few shops or merchants that accept payments with bitcoin.

[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.

Third party, right?
There are more places wherein cryptos are neutral such that it is not supported and prohibited at the same time. Businesses are not yet trusting its benefits which we cannot force them from doing so. Also, Bitcoin and other cryptos are more often used as an investment and not as a currency even in places wherein it is not legal. There are networks doing the same thing which is to adapt to the new technology. Further developments in this industry might be needed in order for more people to see the benefits of cryptocurrencies as digital currencies. And that's more likely years from now.

Yeah, that is right. I guess there are still those people thinking that bitcoin is a scam or still related to scammers and don't want to do anything with it since it might take their money away. I think there will come a time that we will be able to use bitcoin directly either to pay or to transact them like other mobile wallets used in our country.

[abel1337]

There’s not much I do in using bitcoin, other than just to invest and trade on exchanges. I think this way my bitcoin can increase. Especially if you look at the price of bitcoin now the price rises. I have no intention of paying my groceries with bitcoin. Because if the price is going up, then I feel like I’ve thrown away my bitcoin for free.
In my country, there are still a few shops or merchants that accept payments with bitcoin.

here in my country little by little few businesses accepts bitcoin in their mode of payment. But mostly I used bitcoin using our local wallet to pay bills and necessity, but I need to convert it first before paying, because I think it better because if I will let it in bitcoin the amount might change when the market change, I am enjoying using this app now. But of course I need to convert first. If without converting? I rather not to do it.

[DoublerHunter]

^ Well, besides my client's mode of payment anytime I do the work for their businesses and living, I also use Bitcoin for my hodl and store of value.
I also tried considering doing trading with Bitcoin. However, maybe it's not my nature to stay in front of the computer. It will never be my cliche since I practice a work-life balance. What else? I guess that is basically it. But I will always be grateful to have the bitcoin in my life. Nevertheless, as of now, I don't have plans to use my bitcoin.

[mangsitin]

I don't know, but I will not use bitcoin in other countries that prohibit bitcoin.  i better bring fiat.  Besides that.  I prefer not to use bitcoin because I want to store bitcoin for a long time.  i am sure bitcoin will reach over $ 20k.  very stupid to use bitcoin for the holidays.

[CarnagexD]

Sadly, there is no real practical use for bitcoin because of three things,
It does not have a physical representation
It does not have a stable value
It is not budget-friendly.

Bitcoin npwadays is mostly used for trading and investment, which helps you grow your money. Bitcoin is said by many to replace fiat but as long as there are people investing for its profitability, this, won't happen anytime soon.

[TopT3ns]

I don't know, but I will not use bitcoin in other countries that prohibit bitcoin.  i better bring fiat.  Besides that.  I prefer not to use bitcoin because I want to store bitcoin for a long time.  i am sure bitcoin will reach over $ 20k.  very stupid to use bitcoin for the holidays.

Currently there are still some countries that have not accepted payments or transactions using bitcoin, but I am sure that in the black market you can use bitcoin for transactions from any country because I believe bitcoin acceptance is a safe, fast and can be used to buy. anything as long as the seller accepts bitcoins as payment.

I think if he has a very large amount of bitcoins then it will not be an important problem when using it for vacation.

[Pamadar]

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 will avoid using bitcoin in that country as long as I can to avoid legal trouble. Before I go to that country, I will convert all of my bitcoin to fiat currency in the country that accepts bitcoin legally. If I have bitcoin again, I will not use it in that country, but if it's badly needed for an emergency. I might sell it to one of my friends in another country.

That's the best thing to do, why compromised your assets if you can convert it before going to that particular place.

For now there are still many countries that still preventing the existence of this system/currency, as they are not fully aware on how to use and be help using this chain. There are needs of educating them that bitcoin can co-exist with their current fiat and all those digital currencies that they are accepting within their jurisdictions.