Help Required. Looking to transfer funds from Venezuala to Australia via BC

[AussiePhD]

Hi Everyone,

I have had a search around and not been able to find a good response on this.

So my wife is from Venezuala and she has some savings there, and wants the funds here in Australia. However the Government is very strict with currency and wont let that happen.

I noticed Bitcoin is being used there lot more now:  Venezuelans turn to bitcoins to bypass socialist currency controls http://www.reuters.com/article/2014/10/08/us-venezuela-bitcoin-idUSKCN0HX11O20141008

I know the technology basically from listening to BitCoin Jesus on JRE, and how it works, but I was curious what the best approach would be?
1) Do we need to use a Venezuelan BitCoin exchange to transfer from Bolívar to BitCoin ?
2) With the exchanges, what is the best approach to take, Escrow, Paypal, direct netbank desposit?
3) Once the funds are in BitCoin, we can use the BitCoin ATM here in Australia to extract when required ? or simply find an Australian exchange?

Thanks for the help lads!

[1714181882]

1714181882

[1714181882]

1714181882

[1714181882]

1714181882

[1714181882]

1714181882

[Enzyme]

Hi Everyone,

I have had a search around and not been able to find a good response on this.

So my wife is from Venezuala and she has some savings there, and wants the funds here in Australia. However the Government is very strict with currency and wont let that happen.

I noticed Bitcoin is being used there lot more now:  Venezuelans turn to bitcoins to bypass socialist currency controls http://www.reuters.com/article/2014/10/08/us-venezuela-bitcoin-idUSKCN0HX11O20141008

I know the technology basically from listening to BitCoin Jesus on JRE, and how it works, but I was curious what the best approach would be?
1) Do we need to use a Venezuelan BitCoin exchange to transfer from Bolívar to BitCoin ?
2) With the exchanges, what is the best approach to take, Escrow, Paypal, direct netbank desposit?
3) Once the funds are in BitCoin, we can use the BitCoin ATM here in Australia to extract when required ? or simply find an Australian exchange?

Thanks for the help lads!

Hey,

I'm Aussie too, I have a lot of experience with Bitcoin and I can help you!
First of all, the best approach would be to use LocalBitcoins to purchase the BTC with the local currency.
Next, just transfer it to a CoinJar account in Aus and withdraw to your bank account. Simple!

NOTE: If you're afraid of the volatility of BTC, purchase the altcoin 'Nubits' which is pegged to 1 USD and simply sell it back to BTC when the funds are in Aus. Hope I've helped.

[AussiePhD]

Thanks so much Enzyme, appreciate it!

[247exchange]

To buy & sell BTC you can use our service www.247exchange.com. You can withdraw BTC in Australia and get a local bank transfer in AUD (check here: www.247exchange.com/sell).

[AussiePhD]

To buy & sell BTC you can use our service www.247exchange.com. You can withdraw BTC in Australia and get a local bank transfer in AUD (check here: www.247exchange.com/sell).

Thanks 247 your company looks to make everything easier. I will have a read through the FAQ's

[247exchange]

Thanks 247 your company looks to make everything easier. I will have a read through the FAQ's

You're always welcome to contact our support if you have any questions. Our support works 24/7.

[Braedo]

https://btcmarkets.net/

That site has free withdrawals to AUD bank accounts. I would not withdraw all of your funds at once, Your banking institution may inform the Tax office who will do an audit on your funds.