How do you use bitcoin?

[lhance]

Though I am a newbie here. Based on my experience I earned bitcoin through typing captcha I used my bitcoin wallet to receive, purchasing, and and trade my earnings from Captcha. There a lot of ways where you can earn bitcoins and its really useful if you really love bitcoin currency. And I found this site that could make bitcoin more useful to me where I can earn by spending my time and sharing thoughts and to get more idea and knowledge on how the bitcoin really works.

[Ludmilla_rose1995]

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 illegal to use to pay for something. but legal if traded like an asset. to make payments using bitcoin, I am looking for an online shop that comes from abroad. If online shops in my country accept bitcoins as payment, they could be subject to legal sanctions. Except quietly.

[Lorence.xD]

Luckily in my country, they do not care that much in individual scale. Also, there isn't that much traction in my country, it is still under the governments radar which is very helpful for individuals that deal in bitcoin. I use most of my bitcoin in expenses that are long term, like a new phone to use or save it and wait for the peak to reach and then get some profits.

[imstillthebest]

. I use most of my bitcoin in expenses that are long term, like a new phone to use or save it and wait for the peak to reach and then get some profits.

buying a new phone is not a long term but it was an instant spend . when you say long term expenses , those are electric bills , data , and other non one time spend like purchasing a phone but i like what you did , you use your btc to buy a phone .

you didnt waste your btc because that phone can be useful for communicating and entertainment .  you can also use your btc to pay your monthly or weekly expenses directly without needing to convert it or use your cash in your wallet .

[Mr.sprin]

bitcoin is like gold, the difference is bitcoin is intangible and real gold is materialized, bitcoin and gold are equally investable and can be stored in the long term.

[samputin]

Thinking about it, I don't really have a definite answer if I'm in a place where bitcoin is illegal. If it's possible, I guess I'll just convert it to fiat then use it that way.

Fortunately, I'm not in such kind of country. I can use my earned bitcoin freely whenever and however I want. Thanks to several online platforms which allows the use of bitcoin and accept it as a mode of payment. With our current situation towards digitalization where cryptocurrency is a new thing, I really find it difficult to live in a country which considers it illicit.

[Zanab247]

Bitcoin is not legalized in my country but people are using it privately to do business and other things. Those bitcoin user in the country cannot use bitcoin to buy any thing in the shop unless they go to other countries where it's legalized. During the pandemic when the government was experiencing devalue in currency they don't have choice than to legalized bitcoin in the country for the citizens to grow their businesses and other things.
Bitcoin is fully legalized in my country which you can eat and pay with bitcoin in anywhere in the community.

[Serious475]

Bitcoin is not legalized in my country but people are using it privately to do business and other things. Those bitcoin user in the country cannot use bitcoin to buy any thing in the shop unless they go to other countries where it's legalized. During the pandemic when the government was experiencing devalue in currency they don't have choice than to legalized bitcoin in the country for the citizens to grow their businesses and other things.
Bitcoin is fully legalized in my country which you can eat and pay with bitcoin in anywhere in the community.

We can still use Bitcoin to earn and trade even if we are not able to buy in market using it. I am using Bitcoin to earn on a way of buying it while it still has a low value and sell it when the price goes higher. We can also use it to gamble and it can be an entertainment for us when we are bored on trading and it can also be our extra income if we keep betting on the team that has a big chance of winning but we have to expect it to have a small multiplier. If you want to have a bigger multiplier then you have to take a bigger risk.

[abel1337]

Thinking about it, I don't really have a definite answer if I'm in a place where bitcoin is illegal. If it's possible, I guess I'll just convert it to fiat then use it that way.

Fortunately, I'm not in such kind of country. I can use my earned bitcoin freely whenever and however I want. Thanks to several online platforms which allows the use of bitcoin and accept it as a mode of payment. With our current situation towards digitalization where cryptocurrency is a new thing, I really find it difficult to live in a country which considers it illicit.

This is what I am doing too, it is not totally illegal, but you can't withdraw it directly because there is no pair in any exchange for our currency, but there are few establishments in here that accept some coins like loyal coin I think, I saw somewhere that they accept it too and eth as well. There are some e-commerce website that accepts cryptocurrency now , you just need to approve it via email that you used in registration for wallet.

[Westinhome]

What I mostly use bitcoin for is to trade. And secondly, is to payment on merchants that accept it. It's very hard to find physical stores that accepts bitcoin. And if can't find any, you exchange it for fiat
Trading is what it can be used for mostly.

It has been useful in trading to trade into any coins in the market that we earn more profit for trading. Actually there are lot ways of using bitcoin but some of them we cant identify of what it is. In my country there are some stores accepting bitcoin just like 7/11 is one of the store accepted and we can buy also bitcoin.

And that's true trading is one of the most useful for bitcoin because we can change to any different coins just like what I said in the first sentence.

[metenjean]

When you have chance for using bitcoin as investment assets and available for trading is not worry with bitcoin still not legal for payment currency in your country, but how you can take care and worry when government banned using bitcoin and altcoin as trading or investing assets, Now my country have trouble with using bitcoin and altcoin after one bigger global exchange Binance have block access with my country IP, we can't access and trading with Binance if using my country IP and have activate with VPN to open Binance account. I think begin with Binance and then have new exchange become block in my country.

[matchi2011]

What I mostly use bitcoin for is to trade. And secondly, is to payment on merchants that accept it. It's very hard to find physical stores that accepts bitcoin. And if can't find any, you exchange it for fiat
Trading is what it can be used for mostly.

It has been useful in trading to trade into any coins in the market that we earn more profit for trading. Actually there are lot ways of using bitcoin but some of them we cant identify of what it is. In my country there are some stores accepting bitcoin just like 7/11 is one of the store accepted and we can buy also bitcoin.

And that's true trading is one of the most useful for bitcoin because we can change to any different coins just like what I said in the first sentence.

More on trading activities, but there are already available online market where bitcoin is accepted. You can use third party service and
use bitcoin to pay your bills.

We already seeing many developments and expect to have more, good thing that it's not just for investment but there are usages that already available now to use and enjoy your bitcoin without converting it to fiat first.

[vlast01]

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 plenty of ways to used bitcoin in a country which are banned on bitcoin or other crypto currencies.
1. You can use online wallet/digital wallet of other country then convert on digital currencies of such country and send it on your bank accounts.
2. You  can used it on online transaction such as e-comers there are some online shops that accept crypto as payments.
3. You can used paypal because as of today paypal are been associated and bitcoin supported.
4. You can used bitcoin by the help of your trusted foriegn friend, just let your friend do the converting of crypto to fiat currencies and send it to you.

[South Park]

Luckily in my country, they do not care that much in individual scale. Also, there isn't that much traction in my country, it is still under the governments radar which is very helpful for individuals that deal in bitcoin. I use most of my bitcoin in expenses that are long term, like a new phone to use or save it and wait for the peak to reach and then get some profits.

I think something similar is happening in most countries, they know they have some people using bitcoin but as long as they are not using it to buy big stuff then they do not really care because it's going to cost the government more money to prosecute those people than whatever taxes they are going to get out of them, the ones they care about are the big players, the whales, and those people can be found at exchanges which is why governments have concentrated so much in trying to regulate the industry.

[Traderbtcc]

Although they are no restrictions for using bitcoin as payment in my country, but most of the people here have no idea what it is, so I can't force anyone to accept my bitcoins, when they have no idea what is or how they can change it back to fiat, so that they can be able to restock their shop, so for now I simply trade them on maybe localbitcoin or maybe with a bitcoin dealer in my country, there's not much I can do with bitcoin now, but with time I bet people will start to accepting it.

[mangsitin]

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.

yes, how do you convert bitcoin to fiat? for example, if you are in Indonesia, the Indonesian government prohibits bitcoin.  and there is no opportunity to convert bitcoins to fiat, and you only have bitcoins in your digital wallet.  what will you do? how can you buy your needs with fiat, whereas you only have bitcoin.  and the shop doesn't accept bitcoins.

[Emmychris]

Due to the fact that bitcoin hasn't been adopted or legalized in most countries, citizens who has bitcoin will be need to exchange it to fiat to be able to make use of it, another way of using bitcoin is to shop online, check for online shops which accept bitcoin as payment and make transaction with them.

[BuNga_cute]

I am one of the lucky ones, because my country does not prohibit using Bitcoin. But my country doesn't allow using Bitcoin for payments,
so I only use Bitcoin as a digital asset right now. And I trade Bitcoin on local exchanges to generate Bitcoin, I really hope government can
change its mind and allow using Bitcoin as a means of payment.

If your country prohibits using Bitcoin it is annoying, but there are still ways you can still use Bitcoin and generate Bitcoin. You can buy Bitcoin
by asking your friends who are abroad, Let your friend deposit Bitcoin to the exchanges which you will use for trading. And remember you use
premium VPN to access the exchanges or wallet that you will use, it is for bypass of restrictions made by your country.

[Twinkledoe]

Although they are no restrictions for using bitcoin as payment in my country, but most of the people here have no idea what it is, so I can't force anyone to accept my bitcoins, when they have no idea what is or how they can change it back to fiat, so that they can be able to restock their shop, so for now I simply trade them on maybe localbitcoin or maybe with a bitcoin dealer in my country, there's not much I can do with bitcoin now, but with time I bet people will start to accepting it.

In my case, I just convert my btc or crypto to my local fiat. I have no problem converting it as there are local exchanges. Because as you said, not many shops are accepting the btc payment, so why not convert first it to fiat , then use your fiat for payment, right?

[erikoy]

The best practice or bitcoin utility is to make discreet transaction. Being anonymous is a great advantage that any bitcoin user could have to get privacy, safety and security when doing especially huge transactions. However, bitcoin has been using widely as means of investment or an asset like gold. People are buying bitcoin to beat the inflation rate espscially nowadays that fiat currency will be hitting due to the pandemic which mostly all econony of every country are down.