Is it easy to spend btc in your country?

[HONDACD125]

The question of whether it is easy or not can only be valid if something is at least available. So, the first question one should ask is whether Bitcoin is accepted anywhere in your country, and then there can be a follow-up question asking whether it's easy for us or not to spend it if it's available or accepted in our country.

Anyway, I'll answer it the way I described above. So, currently, Bitcoin is not accepted anywhere in our country, and the reason is simple. There are steps being taken to legalize cryptocurrencies in our country, but it hasn't been officially announced yet, and before this, there was no law or anything regarding cryptocurrencies, but banks and traditional financial systems were against them and they wouldn't allow you to involve cryptocurrencies in your transaction, so that makes it clear why it was never accepted anywhere because you could get in trouble for doing that as a business owner.

In the future, when cryptocurrencies become officially legal, we might see such things happening, and I would love to see that.

[UserU]

Not at all. We're still heavily cash/ QR-centric but lately the government has been aiming to move towards the blockchain.

Still gonna take at least 10 years to implement the framework.

[moneystery]

it is very easy to use bitcoin in my country, but only if you use it for trading or investment, while to buy something then you will not be able to use bitcoin since it is simply prohibited and if you violate it then you will be fined for it. but in some cases, someone can use bitcoin to buy things online or offline, but usually the transaction is done through a 'back door' with the risk that you can be cheated or your transaction is leaked and you are at risk of being tracked by the police. it is simply illegal, but that is the only way you can use your bitcoin to buy something in my country.

[AmaGold70]

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 isn't legal tender yet but there are still Bitcoin transactions and it is done secretly, spending Bitcoin in my country is very hard especially if you want to use it to purchase a property as it is seen as scam. I only get to spend Bitcoin to buy things if I'm dealing with a fellow bitcoiner, it may be hard to spend Bitcoin in my country but it's not impossible and I haven't bought anything yet with Bitcoin because of the strict restrictions by the government so I sell them in exchange platforms and transfer my money to our local bank.

[Felicity_Tide]

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?

Bitcoin is not banned in my country, and at the same time, the government's stance on it is not still clear. I have come across several articles and even video clips that says "Citizens can now use crypto", but I don't really trust them, since they've always attribute the trading of Bitcoin and stable coin to fiat as a way of devaluing the currency.

That aside, I have been using Bitcoin though, but with the help of P2P. I can't really use it to buy something directly, as it's not yet a legal tender. Bitcoin is quite popular and common though, but we can only make a proper use of it via p2p, most especially from centralized exchanges (which is commonly used).

[Eternad]

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?

You can’t buy directly using Bitcoin in my country on most merchant but it’s easy to convert Bitcoin to fiat because there’s a lot of local exchange that offers easy fiat conversion to Bitcoin.

All major wallet apps here has crypto option feature that let you buy and sell Bitcoin on their built-in swap exchange.

My country has a freedom to use Bitcoin. The only problem is the small number of merchants that accept it as direct payment.

[YOSHIE]

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?

My country treats Bitcoin well, but that is in terms of users and exchanges, the government monitors and acts quickly to protect all suspicious actions and fraud, that's the good side.

But not for real trade transactions, our country is still having trouble buying something with bitcoin, most of us exchanged on the exchange to Fiat through the bank process and only bought goods, so the obstacles there, maybe Our country is still minimal that uses bitcoin for selling and buying goods transactions, but I hope that in the future the government can treat Bitcoin wisely on trading on sale/purchase of real goods.

[qwertyup23]

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?

I live in the in the Philippines and there exists a designated local exchange (coins.ph) where it is currently heavily regulated by the government. This means that before you could withdraw and covert your BTCs into Philippine Peso (our local currency), you are required to submit various documents for KYC.

I remember that back in 2017, coins.ph was not stringent with its requirements as any person can easily register and withdraw their BTCs regardless of the amount. Two (2) years ago, when coins.ph was able to check my BTC history, they asked for various documents, such as:

• ITR of my mother;
• Electrical and Internet Bills;
• National IDs;
• List of transactions in other payment medium channels (e.g. GCash, etc.); and
• School ID (since I am fully dependent).

After submitting the required IDs and documents, coins.ph gave my account a level three (3) verification which entitled me to have a withdrawal limit up to p10M (or $200,000). It's easy to spend BTC in the country because I can easily convert my BTCs into our local currencies and send it directly to my bank account (or other payment channels) provided in the exchange.

[lizarder]

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?

My country only allows bitcoin to be used for investment processes and it is illegal if used as a means of transaction, however the process of buying bitcoin is quite easy because we can refer to any exchange that exists and even in my country there is also a local exchange that is so easy for anyone to use. To some extent we will avoid the prohibitions that are imposed because if someone tries to do so it can cause problems that we do not want.

But if you want to buy something using bitcoin, then shopping online for certain products is much easier to reach because it can be done by anyone and has an easy transaction process. For the payment process, only we and the seller know about it so it is still quite safe if we really want to do it and it depends on our wishes as users.

[melinoe]

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?

My country treats Bitcoin well, but that is in terms of users and exchanges, the government monitors and acts quickly to protect all suspicious actions and fraud, that's the good side.

But not for real trade transactions, our country is still having trouble buying something with bitcoin, most of us exchanged on the exchange to Fiat through the bank process and only bought goods, so the obstacles there, maybe Our country is still minimal that uses bitcoin for selling and buying goods transactions, but I hope that in the future the government can treat Bitcoin wisely on trading on sale/purchase of real goods.

It would be good even if they normalized bigger transactions made with BTC - it would be a good start and it's usually how it's done non-officially as well.

[madnessteat]

I don't understand why many people use trading platforms that cooperate with governments to cash out and buy Bitcoin. Satoshi Nakamoto created a tool for us that can be used anonymously and without the knowledge of states, but many people still interact with the state through centralized cryptocurrency exchanges. As long as there is fiat money and unofficial exchanges in the country, I personally do not see any point in using centralized cryptocurrency exchanges and providing personal data to anyone.

[fikrett]

I don't understand why many people use trading platforms that cooperate with governments to cash out and buy Bitcoin. Satoshi Nakamoto created a tool for us that can be used anonymously and without the knowledge of states, but many people still interact with the state through centralized cryptocurrency exchanges. As long as there is fiat money and unofficial exchanges in the country, I personally do not see any point in using centralized cryptocurrency exchanges and providing personal data to anyone.

Because it's the option that is put to your face the most and it's all around, being a convenient and the fastest option usually.

[Altryist]

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?

Everything happens a little differently, you can easily exchange bitcoin for cash in offline exchangers and this is how you can do it. There are some organizations that are ready to accept payment in bitcoin, but more often it is USDT, but this is rare and it is easier to exchange bitcoin in exchangers and buy what you need for cash, this is the easiest way. I think until laws are passed that will regulate crypto, then this will remain difficult.

[Publictalk792]

It makes total sense that you are little jealous of people in countries where rules about Bitcoin are clearer and more welcoming because I am also from one of those countries where Bitcoin is not totally legal. Story you shared about careful with P2P sales telling buyers not to mention crypto in bank transfers so your money does not get frozen really shows how annoying things are in our countries and if I will tell my story so I have also faced account frozen issue now I am using secondary bank accounts to avoid these issues. It makes things harder and more stressful.
When government is not clear about what is allowed it does not just stop big companies from using Bitcoin for payments. Without clear rules it is tough to feel safe using or keeping cryptocurrencies. But now my country has my Pakistan Crypto Council but still there is no official news about legalisation of crypto.

[libert19]

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?

I can sell BTC on local exchanges. Back when India's central bank had banned banks from dealing with crypto individuals, there was P2P option available.

Also, there is always holy grail option of using gift card service providers like Bitrefill, can purchase local ecom sites gift card there (Amazon, Flipkart, etc) and purchase anything.

[Mrbluntzy]

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?

It's easy to sell Bitcoin in my country because of the many centralized exchanges that is allowed in my country but buying something with Bitcoin is not unlimited, I have not paid for anything with Bitcoin in my country because I am living in a different area that I have not seen any business that is accepting payment in Bitcoin but in other cities I heard that some business accept Bitcoin but I didn't verify if it's true. Bitcoiners in my country are mostly holders, so I observed.

[Princess Leah]

 In the pass, our government didn't really value the use of cryptocurrencies, they even placed bans on exchanges and I've witnessed severally where some youths were interrogated for having some crypto related apps on their phone and even charged them for fraud, though use of cryptocurrency was still ongoing but it wasn't legal and done secretly cause of some government regulations.

 However I think the use of Cryptocurrency is now legal and people can go about their day to day trading and use Cryptocurrency for transactions though it scarce to see malls or supermarkets that accepts the use of cryptocurrencies for payment maybe that would change in the near future but the good thing is that it's now legal and no government authorities would interrogate or harras anyone for having crypto related apps in their phone.

[Fiatless]

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?

Bitcoin is a currency in my country, which means it could be used for business transactions. However, banks are not allowed to hold or deal with cryptocurrencies. Due to low awareness and adoption, it is rare to see someone who can accept Bitcoin as a payment. Except you belong to a Bitcoin community in my country, the possibility of selling Bitcoin through P2P is very low. Most people in my country use exchanges, and we have many functional ones operating in my location. I want to buy maybe a house with Bitcoin, but for now, I have not purchased anything using the coin.

[qurbanshah02]

In the pass, our government didn't really value the use of cryptocurrencies, they even placed bans on exchanges and I've witnessed severally where some youths were interrogated for having some crypto related apps on their phone and even charged them for fraud, though use of cryptocurrency was still ongoing but it wasn't legal and done secretly cause of some government regulations.

 However I think the use of Cryptocurrency is now legal and people can go about their day to day trading and use Cryptocurrency for transactions though it scarce to see malls or supermarkets that accepts the use of cryptocurrencies for payment maybe that would change in the near future but the good thing is that it's now legal and no government authorities would interrogate or harras anyone for having crypto related apps in their phone.

The reason for this is that its value is very high and if it is seen in a weak currency country, then a normal person does not have enough value to hold a bitcoin and if it is seen, there has been a lot of interest in trade this year and some countries do not use it but they are now crying about why we did not invest in bitcoin. This is on the countries that do not believe it, which they are accused of by telling their people about crypto by luring them with money.

It is not legal in some countries and because of that they are not doing anything special in their country and their people are doing this work by ignoring their law and that is why Bitcoin is used in this way. That is why Bitcoin has gone up even more otherwise it was used in those countries which are using it legally in their country. But in some time Bitcoin will become common and it will be used legally in every country and its transactions will also increase a lot which will increase its price towards gold.

[dezoel]

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, it's not about being easy or difficult, but it's about whether there are places where you can spend Bitcoin, because currently there are none. I don't know if I'm 100% correct or not, but as far as I know, we don't have any place around the country where we can spend Bitcoin for anything, be it food, clothes, paying for a service, or anything in general. There might be things like that in the future when Bitcoin gets more mainstream in our country, but currently, it's not mainstream enough for markets or places to have it available as a payment option.

I personally have this on my bucket list that I would someday use Bitcoin to make a payment for something, be it within our country or somewhere else. If I travel to a country where I can find a place where I can pay with Bitcoin, I would love to do it because I have never done that so far. I just sell my assets to fiat and then spend that whenever I need to.