Is it easy to spend btc in your country?

[m2017]

Is it easy to sell btc in your country, or to buy something with it?

Selling bitcoin is easy in any country. If you have internet. You can sell bitcoin for any currency using exchangers, of which there are many.

If we talk about officially selling bitcoin, for example, for a conditional national currency of a conditional country, then this is practically impossible in any country in the world. For one simple reason: bitcoin is (almost) not recognized by the state anywhere.

Is it easy to sell btc in your country, or to buy something with it?

How are you going to buy for bitcoin if in all countries of the world the only legal tender is the national currency?

You also look at the purchase for bitcoin from the buyer's point of view. And what about the seller's vision? For the seller to sell something for bitcoin, it must be a legal form of business, which means taxes must be paid. The question arises: how can the seller pay taxes if bitcoin is illegal (there is no legal basis for the procedure for paying taxes for business)? And also, how to pay taxes with the volatility of bitcoin (if bitcoin has become cheaper and the seller of goods is at a loss, then should he pay taxes?)?

Therefore, I answer the question from the title: it is difficult to spend bitcoin in my country planet.

[Jewan420]

There are so many different rules in different countries, sometimes even BTC is banned, yet there are still BTC transactions in these countries. How does it work? Is it easy to sell btc in your country, or to buy something with it? What have you bought, for example? Or what are you planning to buy?

Although there are strict restrictions on the use of Bitcoin officially in my country, it can be traded unofficially, but in a somewhat secretive way so that no administrative people know. That is, you can never exchange Bitcoin openly or buy any goods with Bitcoin. It even becomes more difficult to use it due to people's ignorance. I have not yet exchanged Bitcoin in my country, because the Bitcoin community is still hidden.

[Nothingtodo]

There are so many different rules in different countries, sometimes even BTC is banned, yet there are still BTC transactions in these countries. How does it work? Is it easy to sell btc in your country, or to buy something with it? What have you bought, for example? Or what are you planning to buy?

Although there are strict restrictions on the use of Bitcoin officially in my country, it can be traded unofficially, but in a somewhat secretive way so that no administrative people know. That is, you can never exchange Bitcoin openly or buy any goods with Bitcoin. It even becomes more difficult to use it due to people's ignorance. I have not yet exchanged Bitcoin in my country, because the Bitcoin community is still hidden.

Like you, in my country, Bitcoin transactions are done behind the scenes, especially since we can only convert Bitcoin into dollars or the local currency of my country. In this case, of course, we have to convert it by P2P trading on the Binance exchange. However, if somehow the police or law enforcement find out, it will definitely be a punishable offense, and in that case, ordinary users like us have to transact very confidentially. We usually do transactions by hiding our identities and evading government taxes. However, Bitcoin cannot be discussed openly in our country.

[qurbanshah02]

There are so many different rules in different countries, sometimes even BTC is banned, yet there are still BTC transactions in these countries. How does it work? Is it easy to sell btc in your country, or to buy something with it? What have you bought, for example? Or what are you planning to buy?

Although there are strict restrictions on the use of Bitcoin officially in my country, it can be traded unofficially, but in a somewhat secretive way so that no administrative people know. That is, you can never exchange Bitcoin openly or buy any goods with Bitcoin. It even becomes more difficult to use it due to people's ignorance. I have not yet exchanged Bitcoin in my country, because the Bitcoin community is still hidden.

Not working on Bitcoin is not legal in many countries, but at present this trend has become very rare and almost every country is working on Bitcoin, but in some countries it is not done legally, due to which the shadow of Bitcoin is not yet all over the world, but it has definitely spread. This is happening in every country, due to which Bitcoin has gone up even more and some people have made themselves successful in this way. Bitcoin has not yet taken such a rise, due to which this work is done quietly. This is the reason why Bitcoin has not been made so popular yet. If this work is done, people can also destroy Bitcoin, which will increase the number of people working in crypto.

[fikrett]

There are so many different rules in different countries, sometimes even BTC is banned, yet there are still BTC transactions in these countries. How does it work? Is it easy to sell btc in your country, or to buy something with it? What have you bought, for example? Or what are you planning to buy?

Although there are strict restrictions on the use of Bitcoin officially in my country, it can be traded unofficially, but in a somewhat secretive way so that no administrative people know. That is, you can never exchange Bitcoin openly or buy any goods with Bitcoin. It even becomes more difficult to use it due to people's ignorance. I have not yet exchanged Bitcoin in my country, because the Bitcoin community is still hidden.

Not working on Bitcoin is not legal in many countries, but at present this trend has become very rare and almost every country is working on Bitcoin, but in some countries it is not done legally, due to which the shadow of Bitcoin is not yet all over the world, but it has definitely spread. This is happening in every country, due to which Bitcoin has gone up even more and some people have made themselves successful in this way. Bitcoin has not yet taken such a rise, due to which this work is done quietly. This is the reason why Bitcoin has not been made so popular yet. If this work is done, people can also destroy Bitcoin, which will increase the number of people working in crypto.

Eventually, the adoption will push through to such an extent that BTC would indeed be used as an alternative to pay up for some things - albeit, in my opinion, for some bigger services or purchases only.

[doomloop]

I tried to and it doesn't work, even now that Bitcoin is more common among the youths and the old, they choose to not spend their Bitcoin but hold for more value in future.

At one time I put a signboard about my business with Mark that Bitcoin is accepted here but I was warned by people to put it down because of bad people who can come looking for victim to prey on.

The Bitcoin acceptance option is still open in my business till today but it keeps getting boring and boring every time because no one want to use Bitcoin as payment option anymore.

I don't get it. Can't the bad people do the same thing for a business without such a sign? If there are bad people who are looking for victims, they wouldn't look if they are accepting Bitcoin for their business or not; they will just do it with the intent to get some money, and a business will have money in fiat even if it doesn't accept Bitcoin. So, I think this point is not valid, but running a business in a place where such things are common is in itself a risky thing because robbers or thieves will always be in the look out to rob you.

For businesses to start accepting Bitcoin as a payment the country or the area where the business is located needs to have a lot of people who use cryptocurrencies or are involved with it at least for the business to have customers who might be willing to use Bitcoin for payments. If that's not the case, there is no point in trying to integrate Bitcoin or cryptocurrencies as payment methods for the business.

[madnessteat]

Even though cryptocurrency has a legal status in my country, there are no place where I can pay directly in crypto. However it is not hard to spend crypto, especially if under spend means exchanging it to fiat or using not 100% legal payment method. For example a friend of my bought property and paid partly in BTC, and paid only a minimum cadastral value in fiat for it. On one hand he has avoided taxes and may be attracted to give an explanation of the deal. On the other hand, it isnt illegal to pay low if buyer sets such price and it suits him.

Interesting story. I thought that nowadays it is difficult to find a person who is willing to accept even a partial payment for the sale of an apartment in Bitcoins. I don't know if in such a situation there may be questions from the tax service to your friend and how serious they will be in case of occurrence, but such a method in any case is better than exchanging Bitcoin for local currency through a centralized cryptocurrency exchange, which at any time can provide all financial transactions at the request of the tax authorities.

[Hewlet]

There are so many different rules in different countries, sometimes even BTC is banned, yet there are still BTC transactions in these countries. How does it work? Is it easy to sell btc in your country, or to buy something with it? What have you bought, for example? Or what are you planning to buy?

Most of the countries that are still using bitcoin though not officially, use it for online transactions and later trade it into there local fiat at any point in time they want to use it physically. Because most banks don't accept crypto transactions because they are very much regulated,  it's deficult to spend crypto when regulations like that are in place.

The easiest way of spending your crypto regardless of the regulation issue is through P2P. Adoption is still not much to think that you can just use your crypto to make transactions easily. You have to still find a way of converting your crypto back to fiat before you can easily spend it.

[Mahiyammahi]

Banks are still restricted from aiding bitcoin transactions in my country. But there is no outright banning of bitcoin activities in my country. You can still participate in bitcoin related activities but you will have to do it through P2P. The exchanges are functional and people can buy and sell bitcoin easily without much obstacles. Even when you transact in the P2P, the buyer has to be careful and not include any crypto related words in the payment description, when sending payment to the seller's bank account, to avoid any potential account restriction, from the seller's bank. There are few businesses that accepts bitcoin in my area, especially night clubs. I haven't patronised them with bitcoin, but I may in the future.

It's like the same of yours in my country. Every persons knows about bitcoin and crypto transaction but its officially not legal in our country. But for our country it seems like law suits guys are dont care about bitcoin and crypto at all. Even some are openly trading bitcoin infornt of some govt, lawsuit guys but they dont even care. Unless its related to drugs and arms deal. If a person use bitcoin transaction to buy drugs , arms and illegal things then our govt take action. As for a normal person he is safe and sounds. Also unless you have any enimity towards someone youre safe .

The question arises: how can the seller pay taxes if bitcoin is illegal (there is no legal basis for the procedure for paying taxes for business)? And also, how to pay taxes with the volatility of bitcoin (if bitcoin has become cheaper and the seller of goods is at a loss, then should he pay taxes?)?

Yes, Tax is the main thing that everyone wants to avoid. Even some countries have ligalized the crypto but user dont wants to sell bitcoin or trade for this tax include. My friend in India has to pay 30% tax on their asset , while there is even a bigger risk in crypto in holding but the govt is taking advantage.
Real life trade in bitcoin is not that profitable , but if anyone prioritize the security of a transaction , annonymity then go for Bitcoin deal

[madnessteat]

It is impossible to buy anything with Bitcoin in my country, but this does not detract from its value in that by exchanging it for fiat, which is what most people do, you have great opportunities. I think many will agree that buying a cup of coffee with bitcoins, as advertised earlier, will not attract so many enthusiasts, since many have begun to understand the value of bitcoin and will sell it in exceptional cases.

I think the problem is something else. There are faster networks that do not require such high commissions as the Bitcoin network to pay for a cup of coffee, but even they are not used everywhere. Most likely because merchants don't want to get in trouble for using cryptocurrencies in areas where the use of surrogate money is strictly limited or banned. Somewhere it may be considered an administrative offense and somewhere even a criminal offense.

[EarnOnVictor]

There are so many different rules in different countries, sometimes even BTC is banned, yet there are still BTC transactions in these countries. How does it work? Is it easy to sell btc in your country, or to buy something with it? What have you bought, for example? Or what are you planning to buy?

By virtue of Bitcoin's creation, plan and structure, anyone can cheat the system of unfavourable government towards it.

You can amass your Bitcoin and find a way to change it back into the fiat that your country wants, it's as easy as that. My country has experienced both support and attack from the government, but no one has been crucified for dealing with Bitcoin.

[nemesis_incarnate]

There are so many different rules in different countries, sometimes even BTC is banned, yet there are still BTC transactions in these countries. How does it work? Is it easy to sell btc in your country, or to buy something with it? What have you bought, for example? Or what are you planning to buy?

By virtue of Bitcoin's creation, plan and structure, anyone can cheat the system of unfavourable government towards it.

You can amass your Bitcoin and find a way to change it back into the fiat that your country wants, it's as easy as that. My country has experienced both support and attack from the government, but no one has been crucified for dealing with Bitcoin.

I do agree with you - loopholes are everywhere, one should just work around to find them and utilize them accordingly. 

[SFR10]

Is it easy to sell btc in your country, or to buy something with it? What have you bought, for example?

Concerning the former part, it depends on what's considered as easy... There are a lot of local platforms ^{[some even have brick-and-mortar stores]} that can be used for selling Bitcoin, but it's the rules that make the whole process a bit tricky ^{[the legal route requires giving up a large portion of your privacy]}. Concerning the latter part, I never had any luck in persuading any of the sellers in the capital city, but in one of the cities that usually has a lot of tourists, I once managed to negotiate a slightly higher price ^{[in Bitcoin]} for a pair of shoes ^{[it's still too soon for such a thing to become the norm in my country]}.

[Royal Cap]

There are so many different rules in different countries, sometimes even BTC is banned, yet there are still BTC transactions in these countries. How does it work? Is it easy to sell btc in your country, or to buy something with it?

To be honest, it is not legal to use Bitcoin in Bangladesh. Because it is banned by Bangladesh Bank or Bangladesh government. Yes, but you can use Bitcoin in Bangladesh in other ways. That is through Binance or any other exchanger, that is through p2p. And because of being banned, we have many advantages and disadvantages. The advantage is that we do not have to pay any tax on the money earned through this Bitcoin. But the big disadvantage is that if you make a large transaction, if it comes to the attention of any administrative officer, then your earned money will be considered illegal.

What have you bought, for example? Or what are you planning to buy?

And you said that you have bought something through Bitcoin. To be honest, nothing has happened, but there is a plan to buy a software subscription or any service.

[AprilioMP]

There are so many different rules in different countries, sometimes even BTC is banned, yet there are still BTC transactions in these countries. How does it work? Is it easy to sell btc in your country, or to buy something with it? What have you bought, for example? Or what are you planning to buy?

In my country, we can't spend things with Bitcoin. We can't transact anything with Bitcoin because our country prohibits it.
As someone or more here who is from the same locale as me has said, we can only exchange Bitcoin for fiat on local exchanges.
Planning to buy a lot of Bitcoin, but I personally still want to hold it for a certain time.

[bubilas]

I don't like the fact that you can't pay for all services and goods with Bitcoin directly. In the countries where I live, you always have to first convert Bitcoin into stablecoins, and then into local currency.
Because of this, conversions occur, due to which the initial amount of cryptocurrency decreases, and all ways of withdrawing money become visible to tax authorities, and this is something that no crypto user likes. I hope that adoption will go faster in the coming years.

Most of the countries out there still consider such an option as unacceptable; We are only reaching the status of BTC where it is seen as an investment, so we need to wait for a while before it becomes an alternative it should be.

I feel offended for the country where I live now because the government here said that it would become friendly to Bitcoin, and allowed all cryptocurrencies to withdraw cryptocurrencies without commission and not to be afraid of the tax service, because taxes were abolished on cryptocurrencies for those who did not hide. But there is one big but. All this lasted according to the bill, which dried up after a while. And this is bad. After all, from that moment on, all cryptocurrencies remained in the database of exchanges founded by the state, but now taxes have been introduced. And also, the withdrawal of cryptocurrencies is legal only through state exchanges, and in no other way. It was essentially a trap.

[Pi-network314159]

How does it work? Is it easy to sell btc in your country,

Yes it is easy to sell Bitcoin in my country despite NGN was delisted from p2p or despite the temporary ban place on bank for any fiat transaction with Bitcoin reference, Yet people still sell Bitcoin on exchange p2p that allow exchange.

or to buy something with it? What have you bought, for example? Or what are you planning to buy?

For the aspect of buying something with Bitcoin, that I haven't done because it is not wildly accepted every where. And I don't intend buying something with Bitcoin since it is not generally accepted. I will preferably chose to exchange Bitcoin to fiat and use it to buy anything.

[Hazink]

Although there are strict restrictions on the use of Bitcoin officially in my country, it can be traded unofficially, but in a somewhat secretive way so that no administrative people know. That is, you can never exchange Bitcoin openly or buy any goods with Bitcoin. It even becomes more difficult to use it due to people's ignorance. I have not yet exchanged Bitcoin in my country, because the Bitcoin community is still hidden.

Your country actually does have a strict rule on Bitcoin and cryptocurrency at large; in some countries it is officially not legal and not allowed to be traded or have banks officially do anything with it, but if you can still find a means for you to convert it to cash, you are good to go. But in such a case, pray never to have any bad experience that will warrant involving law enforcement agents, as the matter won't be taken very seriously.

[Jaycoinz]

There are so many different rules in different countries, sometimes even BTC is banned, yet there are still BTC transactions in these countries. How does it work? Is it easy to sell btc in your country, or to buy something with it? What have you bought, for example? Or what are you planning to buy?

In my country, we can't spend things with Bitcoin. We can't transact anything with Bitcoin because our country prohibits it.
As someone or more here who is from the same locale as me has said, we can only exchange Bitcoin for fiat on local exchanges.
Planning to buy a lot of Bitcoin, but I personally still want to hold it for a certain time.

Truth be told I really don't understand the situation with my own nation because for some places the use and spending of it is legit and even some shops around have payment for Bitcoin while for some location Ike the Advance city the law enforcement agent can actually charge of crime of using or spending Bitcoin so I believe most person are actually into secrecy with their Bitcoin because the government isn't stable.

[Su-asa]

There are so many different rules in different countries, sometimes even BTC is banned, yet there are still BTC transactions in these countries. How does it work? Is it easy to sell btc in your country, or to buy something with it? What have you bought, for example? Or what are you planning to buy?

In my country Bitcoin is not banned but it's kinda hard for one to sell or buy bitcoin from somebody. However in some places in my country, a lot of people still don't understand Bitcoin and if you find yourself in such places, it will be hard for you to see someone that accepts crypto currency (Bitcoin) in his business.
Actually only few places you can use your Bitcoin to exchange for what you bought and such places is in a well developed area.
Moreover it's easy to buy and sell your Bitcoin through p2p transactions from a reputable exchange.