Is it easy to spend btc in your country?

[bhadz]

Over here in my country, it is much more easier to convert bitcoin (or any crypto) to fiat/cash than it is to find a vendor that accepts bitcoin. So much that the stress to find a merchant or store than accepts it isn't worth it right now.

That's the same convenience in my country. It's easy to sell them when in immediate need because our local exchanges have their quick conversion feature that we'd sell/buy it to them and them will be selling/buying it through the market. Although it will only take me a couple of seconds to minutes to do that but if someone doesn't want to go after the market, they can do it quickly but the conversion rates are lesser compared to the market. It's not that a lot at all compared to the effort and time if someone values that.

[Becassine]

It's a pity that we don't always know the countries in the participants' responses. I note that ultimately people manage among themselves, in P2P. It seems that governments are trying by all means to limit the use of Bitcoin: in France, even Visa cards linked to Binance or other exchanges have been banned. Indeed, it was almost impossible to calculate the 30% flat tax on capital gains. Not to mention that most users didn't even know that they had to declare even their bread purchase with their crypto card.

[hafiztalha]

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?

Country where I live BTC has not officially legal but it is not banned. In recent months, Pakistan has decided to legalize crypto due to seeing its growth and popularity and I am quite happy with this decision. But for now, it is still illegal. Despite that, we easily do transactions in bitcoin and open accounts in any exchange, except for few exchanges. We can also use p2p trading without any problems and trade btc or usdt in our local currency with trusted traders.

But we do face some problems for example, by using p2p,  sometimes out bank account lead to block with reason fraud money. Even after submitting a complaint account often remain blocked.

[DeathAngel]

A very limited number of businesses accept Bitcoin as a method of payment in my country. This is the same in most countries to be clear. Bitcoin is mostly seen as an investment, an asset where you park your wealth & hope to grow it rather than a means of payment. I am sure an increasing number of merchants will accept Bitcoin as time goes on. I guess it proves we are still relatively early.

[2Pizza410000BTC]

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 legal in my country yet. I cannot buy anything directly with Bitcoin from my country yet. However, even though Bitcoin is not legal in my country, I am using it very easily from my country. I am converting Bitcoin into my local currency through p2p and buying everything I want. I am depending on Bitcoin for my livelihood now. I am not involved in any other work at present. I am working with this Bitcoin and my family is earning a living. Currently, I am using everything with Bitcoin. But I have a plan to build a beautiful house with Bitcoin. But I have faith that I will definitely fulfill my dream.

[puloweh555]

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 a commodity asset, so buying and selling it is not that complicated, it can even be said to be easy, the same as stocks, gold, or others. There are several local exchangers that provide bitcoin buying and selling services and all of these exchangers are already under government regulation.

However, bitcoin is prohibited from making transactions because this will violate existing regulations, to make transactions must still use fiat because it is a legal means of payment. However, there are also some who are naughty using crypto as a means of payment which in the end the users are arrested by the authorities. So overall crypto assets in the country are quite easy to own, the same as buying gold.

[salad daging]

In my country, bitcoin is a commodity asset, so buying and selling it is not that complicated, it can even be said to be easy, the same as stocks, gold, or others. There are several local exchangers that provide bitcoin buying and selling services and all of these exchangers are already under government regulation.

Yeah buying and selling on local exchanges is already tax paid so we don't need to pay taxes independently so that's what makes us happy where bitcoin as a commodity asset is now growing rapidly because many young people are starting to get involved in cryptocurrency.

However, bitcoin is prohibited from making transactions because this will violate existing regulations, to make transactions must still use fiat because it is a legal means of payment. However, there are also some who are naughty using crypto as a means of payment which in the end the users are arrested by the authorities. So overall crypto assets in the country are quite easy to own, the same as buying gold.

Have you heard before that someone in a certain area of our country paid for a transaction using crypto and they were arrested and put in jail.
So the government is indeed very strict about the rules of this transaction, only fiat is allowed to be used while BTC and other cryptos are strictly prohibited.

[welovebit]

It's a pity that we don't always know the countries in the participants' responses. I note that ultimately people manage among themselves, in P2P. It seems that governments are trying by all means to limit the use of Bitcoin: in France, even Visa cards linked to Binance or other exchanges have been banned. Indeed, it was almost impossible to calculate the 30% flat tax on capital gains. Not to mention that most users didn't even know that they had to declare even their bread purchase with their crypto card.

I am living in Pakistan where crypto and Bitcoin was strictly banned but recently many developments happen which are surprising because I read authorities are working on many things which will allow having use of bitcoin and crypto freely.
But sadly still we are not able to use bitcoin because no payment system or company able to take this as payment option even P2P was strictly banned, but now media reports are showing they are bringing soft policies for this with Binance is also now working.
Taxes are increasing which is surely the biggest setback because this can hurt common user confidence and way of use but good thing happening now in near future things could be better for using this in our country.

[Odusko]

It's a pity that we don't always know the countries in the participants' responses. I note that ultimately people manage among themselves, in P2P. It seems that governments are trying by all means to limit the use of Bitcoin: in France, even Visa cards linked to Binance or other exchanges have been banned. Indeed, it was almost impossible to calculate the 30% flat tax on capital gains. Not to mention that most users didn't even know that they had to declare even their bread purchase with their crypto card.

Most times when government want to make direct attack on Bitcoin usage their use the financial system, just like in my country Nigeria, bank and Visa MasterCard are all banned and infact most cryptocurrency exchanges url are banned in my country Internet providers banned access to those Bitcoin crypto related exchanges, although the apps for Androids and windows are still working, in my country p2p is the only means for exchange of Bitcoin to naira, government have not really make a positive move towards Bitcoin crypto adoption over here.

[btc-freedom-money]

Simple facts:

Governments do mass surveillance and want total control and track all money transactions.

Bitcoin is an open ledger easily tracked. All transactions are visible, if they know which wallet address is yours then they can see every transaction you have ever made. It's easy to find out who owns which wallet with chainalysis helping them.

Cash has no ledger. When I pay someone with cash there is no ledger automatically writing down my ID and the recipients ID with time and amount of everything. When I pay with cash my identity is unknown unless I voluntraily identify myself. If I pay someone $20 for something, they won't be able to see all the cash transactions I've ever made. I can throw some $1 bills into the air and it won't be shown in any kind of ledger.

These facts show that cash is very obviously and clearly much more superior to bitcoin when it comes to peer to peer transactions. Looking at these facts I can't imagine someone would prefer to buy a coca cola with bitcoin instead of cash.

Maybe you argue that usdt is cash but no it's not because it's also on the blockchain ledger. Only cash you can hold in your hands is real cash.

As you can see bitcoin is meant to be used only as a store of value. It's very easily controlled and regulated by governments because of how easily tracked all transactions are. That's why governments are trying to get rid of cash. Cash is better than bitcoin as money. Bitcoin is better than cash as store of value.

Then we have Monero which is better as both store of value and money.

[Tungbulu]

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.

That’s exactly the same situation in my country. Although the feds claim to be crypto/bitcoin friendly, but that’s nothing but an official statement, deep down, only we the crypto users know how strict government regulations are towards Bitcoin and crypto at large. There are areas and ways we can spend our Bitcoins without encountering any problems. So except the feds actually keep to their words and enact actual crypto friendly policies and regulations towards Bitcoin, the state of Bitcoin in my country isn’t that favorable at all.

[Cpt_reader]

In Latin America, it's easy to buy almost anything you can think of with BTC, and if you can't purchase what you want directly with your bitcoins, you can exchange them for your local currency.

This is undoubtedly a good opportunity for you. If this were the case in every country in the world, Bitcoin would be much more advanced and many people would buy Bitcoin. However, it is hoped that most countries in the world will be like your country. We see the huge potential of Bitcoin.

[Mpamaegbu]

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 or cryptos direct use is a bit tricky and not clear. Today, government okays it, tomorrow it prohibits its use; warning citizens to desist from using it. It's a bit confusing for some of us who are in this industry. A lot of us are playing it safe by not including any crypto related words in whatever transactions we do so as to avoid whatever bank rule and directives it could be violating.

As for using Bitcoin directly, I've yet to buy anything with Bitcoin online, both in my country or abroad.

[Crypto Library]

In my country, Bitcoin or cryptos direct use is a bit tricky and not clear. Today, government okays it, tomorrow it prohibits its use; warning citizens to desist from using it. It's a bit confusing for some of us who are in this industry. A lot of us are playing it safe by not including any crypto related words in whatever transactions we do so as to avoid whatever bank rule and directives it could be violating.

As for using Bitcoin directly, I've yet to buy anything with Bitcoin online, both in my country or abroad.

Seems you are in same situation like as me..but in my country it's totally illegal and that's why we also couldn't do any types of spending directly through the bitcoin. But even then it's totally illegal there is more than millions people were connected with it I can say the amount also increased a lot right now.

Anyways, a big percentage of my income I mean the payment were made in bitcoin and then I used exchanger's p2p selling features for converting in fiat currency and then used them and spends them to buy all my daily needs. But here I face issues with the income sources in bank.

[madnessteat]

^

Why don't you just exchange Bitcoin for cash, and then top up your bank accounts with cash via ATMs? It seems to me that this way banks won't be interested in sources of income.

At least in my country, banks only have questions when funds are deposited to the card from cards of people who often interact with cards of other people. This is why you are under surveillance. Topping up cards at ATMs does not raise any questions.

[nemesis_incarnate]

^

Why don't you just exchange Bitcoin for cash, and then top up your bank accounts with cash via ATMs? It seems to me that this way banks won't be interested in sources of income.

At least in my country, banks only have questions when funds are deposited to the card from cards of people who often interact with cards of other people. This is why you are under surveillance. Topping up cards at ATMs does not raise any questions.

Only if there are commissions that would bite, that would be the case. Other than that - I believe that would at least minimize the suspicion.

[tottong]

Why don't you just exchange Bitcoin for cash, and then top up your bank accounts with cash via ATMs? It seems to me that this way banks won't be interested in sources of income.

At least in my country, banks only have questions when funds are deposited to the card from cards of people who often interact with cards of other people. This is why you are under surveillance. Topping up cards at ATMs does not raise any questions.

Currently my country also prohibits the purchase of goods using bitcoins, but we can use the exchange to convert bitcoins and then exchange them for fiat currency.
There is no problem with that because I have been using it for a long time and I think there are no questions from the bank because we are making deposits in our own name.
Even when you deposit directly at the teller, there is no obligation for them to ask the customer and if they do, it is probably just a courtesy as usual.

For the case of filling through an ATM, I think it is much easier and there will never be any questions from the bank.
I suspect the amount was so large and unusual for him to deposit that the bank would be monitoring where the funds came from.

[Crypto Library]

Why don't you just exchange Bitcoin for cash, and then top up your bank accounts with cash via ATMs? It seems to me that this way banks won't be interested in sources of income.

At least in my country, banks only have questions when funds are deposited to the card from cards of people who often interact with cards of other people. This is why you are under surveillance. Topping up cards at ATMs does not raise any questions.

I could have directly exchanged bitcoin to cash if I wanted to, but it has some risk factors such as being a victim of scams or being kidnapped.
Some people I know have been victims of such incidents before and since crypto currency is illegal in Bangladesh, they could not take any legal action for the incidents that happened to them.
Because, if they want to take legal action, they will first have to answer why they are involved in cryptocurrency.
So to avoid this risk, I sell my cryptos on binance p2p and later cash them out from the bank. Even then I have to face issues with the usages but there is no others options right now for me or our local poeples.

[nemesis_incarnate]

Why don't you just exchange Bitcoin for cash, and then top up your bank accounts with cash via ATMs? It seems to me that this way banks won't be interested in sources of income.

At least in my country, banks only have questions when funds are deposited to the card from cards of people who often interact with cards of other people. This is why you are under surveillance. Topping up cards at ATMs does not raise any questions.

I could have directly exchanged bitcoin to cash if I wanted to, but it has some risk factors such as being a victim of scams or being kidnapped.
Some people I know have been victims of such incidents before and since crypto currency is illegal in Bangladesh, they could not take any legal action for the incidents that happened to them.
Because, if they want to take legal action, they will first have to answer why they are involved in cryptocurrency.
So to avoid this risk, I sell my cryptos on binance p2p and later cash them out from the bank. Even then I have to face issues with the usages but there is no others options right now for me or our local poeples.

That's the right decision, even though if the sum is big bank can ask you the details, it is still the safest option for you, I believe, which is really important.

[SuperBitMan]

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?

Some countries the government is totally against Bitcoin but the citizens still fine a way to buy and sell there Bitcoin, it is always very difficult for a government to stop Bitcoin transaction totally in a country especially since is online transactions and you can't trace such transaction.
The government should not be stopping there citizens to accumulate and hold Bitcoin because is not a criminal act or something that will destroy a country so I don't see any reason why some government will not allow there citizens to engage in Bitcoin fully.
Those countries that there government allow them to invest and use Bitcoin freely are very lucky, there was a time in my country if you are caught trading Bitcoin or any cryptocurrency you will be arrested so because of that people where very scared but people still fine there way.
Any government that refuse to accept Bitcoin is not doing there country any good because they will lose out from good opportunities that Bitcoin will bring.