Post
Topic
Board Legal
Re: Is it legal to sell bitcoin for cash ?
by
futureofeth
on 27/03/2018, 13:02:39 UTC
What is the status on the legality of bitcoin and crytpocurrency in your country? In my country, it is perfectly fine to do so. A local exchange wallet allows us bitcoin users to easily have our bitcoins exchanged into our local currency, and we may retrieve this through remittances or have it transferred directly to our bank accounts. I don't see anything wrong with selling your bitcoins for cash, unless the mere possession of bitcoin is considered to be illegal in your country.
Yed,indeed! same with my country I don't see anything wrong if we will sell our bitcoin for cash. We can directly convert also our btc into our own money through an online wallet,we can make transactinons with out any fear of illegality and I am thankful with that.

Yes it is legal to sell bitcoin for cash here in our country, nothing to worry about it I don't know how it works to some countries especially those who have to pay tax in exchange for it.

In our country, they are charging very high fees for converting Bitcoin into my local currency, but Bitcoin is not legal in my country. Still, the government are in neutral stage and they are not taking any final decisions about the cryptocurrency.