I'm trying to put together a presentation and remittance will be a big part of it, since where I live there are many foreigners that send money to their home countries. What are the most trusted exchanges for these countries: -Canada -Ireland -UK -South Africa -Australia and New Zealand Thanks for any help.
Trading bitcoin between two country's bitcoin exchanges and two counties' bank accounts.
Hey everyone, I want to know if i'm allowed to do this. I currently work in Korea but am from the states. I have a base coinbase account which is connected to my american bank. I also have a Korean bank account which I will link to a korean exchange. Now coinbase has it's exchange rate and the korean exchanges closely reflect Mt. Gox. Right now there is about a 20 dollar spread. I want to know any complications I may have buying coins with dollars with my coinbase account then transfering the bitcoin to my korean bitcoin exchange and then selling them. Then have them deposit it into my Korean bank account and then transfering the money back to my american account and doing it again. Now i see I will be paying 2% altogether in the currency/bitcoin exchange and then about 30-40 dollars in remission fees for transering won to dollars. I figure if I buy say 10 bitcoin I'll be paying around 80 in fees and then be 120 in profit thats if the current price stays the same on both exchanges. If it goes up when I sell then good for me. Is this correct? I need to know if i'm allowed to do this and what kind of complications there are. I know that I don't have to pay american taxes as long as I make less than 80,000 a year since i'm working abroad. However, I'm not sure what kind of tax implications there are here in Korea. Any information or thoughts would be kindly appreciated. THANKS!
10-21 18:16 - 'Sir, you need to use google to your advantage. You’re asking a question that cannot be answered as simply as you’d like. You’re going to need to learn what bitcoin is, how it’s exchanged and then research your country’s r...' by /u/00100101011010 removed from /r/Bitcoin within 1-11min
''' Sir, you need to use google to your advantage. You’re asking a question that cannot be answered as simply as you’d like. You’re going to need to learn what bitcoin is, how it’s exchanged and then research your country’s regulatory rules. It’s like me going to a sub for pilots and saying “hey guys I’m new to flying, how do I fly an airplane?” Do you think that could be explained in a single comment? Absolutely not. This is common sense that spans beyond crypto, Reddit and the internet in general. As others mentioned, read the side bar. That’s literally why it’s there, so this sub is filled with the same question: “how do I buy bitcoin”. Got it? ''' Context Link Go1dfish undelete link unreddit undelete link Author: 00100101011010
Homeless co-worker is being scammed via “girlfriend in different country wants money and/or bitcoin in exchange for her inheritance”
So I have a coworker that has gone from his own trailer, to a neighbors trailer, to now homeless and sleeping in his car. Throughout this time he has been sending money consistently to his “girlfriend” that he has never met or even seen over video, only pictures. 4 different people (that I know of) have told him this situation seems fishy and likely a scam. He is being faced with numerous issues now such as smelling of beer, police harassment (drinking in his car & sleeping in his car, etc.) Anytime someone tried to warn him that he might be getting scammed he diverts the conversation and ends up saying something along the lines of “you’d do anything for love”. I really want to help the guy out and there is a few of us that regularly help him with laundry, money, etc. I’m not sure if there is anything else we can do for him to help him out? It seems like he’s kind of stuck in this rut and he’s banking on his girlfriend to bail him out with his inheritance. Any advice on how to approach this with him? Should I mind my own business? He’s a good guy and it hurts to watch him lose everything as the time goes on. (He doesn’t have much left at this point) TLDR: co-worker is being scammed by his “girlfriend” but believes his “girlfriend” will fix his problems once they receive their inheritance gold.
How to buy Bitcoin if your country does not have a major exchange?
Hi, I am fairly new to Bitcoin. I know it is fairly easy to buy Bitcoin in well developed countries. For example, in the UK there are plenty of exchanges that accept bank transfer. But that may not be the case in countries that have active financial restriction, for example, Iran, Lebanon, Venezuela, etc. How can an average person in these countries buy Bitcoin? Using person-2-person exchange? Is that the only way? Anyone from Iran, Lebanon and Venezuela (or any country that have financial restriction)? Can anyone comment on this?
Exchange.bitcoin.com question, need help. Are citizens of restricted countries allowed to use the site if they reside elsewhere? Answer not found online
Exchange.bitcoin.com's exchange says it is not allowed for countries like Japan or the United States. Is it talking about a person's citizenship or residence? I contacted their chat support and it was non-existent. I waited 40 minutes with no response. I asked the other day and received an unhelpful answer hours later about a recommendation to verify my account when I sign up. It's a simple yes or no question: Is a citizen of a restricted country who does not live in a restricted country, able to use and create an account at exchange.bitcoin.com? Some exchanges, like Kraken.com, only care where you reside. Other exchanges, like Okex.com, care about your nationality/citizenship. Which one does bitcoin.com care about? I want to use an exchange where I understand what the Terms of Service are Also, I am not talking about local.bitcoin.com
I found an answer to my question. I talked to someone from bitcoin.com. I confirmed that they don't care what country you are a citizen of/what your nationality is. They only care about where you reside. That is how they base their "restricted countries" lists off. It's where a person resides. So a person from a restricted country can have an account at exchange.bitcoin.com without breaking their terms of service, as long as they are not a resident of a restricted country.
Bitcoin ATMs around the world are providing easy access to exchange bitcoin by using cash or debit card. It is getting popularity as it allows to buy/sell bitcoins anonymously. These ATMs have been installed at different locations in many countries. Check the Top10 countries of BTC ATM holders!
How easy or difficult is it to exchange bitcoins for cash when you're traveling to other countries?
You rarely need cash in the states, but this isn't the case in a lot of other countries. I've never used a P2P exchange, but that seems like too much of a hassle when you need cash ASAP, probably don't have cell phone service/wifi, and might not speak the language. Bitcoin ATM's seem like the easiest and most logical option. Since the US government is cracking down on crypto regulations, most Bitcoin ATM's require a phone number or ID for verification, but if you're visiting, you won't have have a legit phone number. Will passports be sufficient for ID? Do Bitcoin ATMs in other countries require verification? If you have used your bitcoin for travels, I'd love to hear about your experience :)
There are concerns about one country controlling a majority portion of the Bitcoin hash rate. As only 51% of network power is required to carry out a 51% attack , if an individual or entity were able to compel China's miners to accept fraudulent blocks, double spending would be possible and the Bitcoin network would be compromised for the first time ever. Places to buy bitcoin in exchange for other currencies. Note: Exchanges provide highly varying degrees of safety, security, privacy, and control over your funds and information. Perform your own due diligence and choose a wallet where you will keep your bitcoin before selecting an exchange. Best Bitoin Exchanges by Country. Compare and choose the best bitcoin exchanges and trading platforms for your country. Not all exchanges allow Users from all countries, also some dont support wire transfers from and to certain countries or have extremely high fees for some countries or wire systems so they make no sense for everyone. Best Bitcoin exchange has reviewed the main regulations concerning cryptocurrencies trading in these territories. From top exchanges and digital currency brokers, to available altcoins, payment options and restricted trading practices. Best Bitcoin Exchanges in Australia Best Bitcoin Exchanges in U.K. As mentioned before, there are many ATMs installed in the country that allow individuals to buy and sell digital assets. In Spain, there are 81 ATMs to handle Bitcoin.
How To Trade Bitcoin Cryptocurrency for Beginners - YouTube
Start trading Bitcoin and cryptocurrency here: http://bit.ly/2Vptr2X Bitcoin is the first decentralized digital currency. All Bitcoin transactions are docume... Top 10 Countries Friendly to Bitcoin - Bitcoin.com #2 - Duration: 2:39. ... How to register on Bitoasis Exchange & Buy bitcoin & Ethereum in Dubai, UAE - Duration: 11:58. Vishal Mohaan Channel ... With tax authorities swooping in on bitcoin exchanges across the country, there are fears the virtual currency is going to be taxed by the taxman. IT Department Raids on Bitcoin Exchanges Across Country NTV NTV Telugu Live NTV Telugu News NTV Live NTV YouTube NTV Live News Telugu News ... Bitcoin trade in Japan accounts for about half of the global trade volume. That number has surged since the government passed a new law earlier this year, re...