Hi, Can some one advise
My friend wanted to invest in bitcoins He wanted to give me say £1000 from his bank and gave it to me in cash, If I was to say put the cash into my bank and set up buying bitcoins from my online account would this be legal? , He has no knowledge on how to buy or trade them..
Thank you
It seems that both of you had no knowledge yet in trading. A simple research through the internet is quite helpful while reading the most basic. It will take a lot of time to invest before you learn the basics through tutorial. You will gonna learn quickly when you always ask, but you gotta have to find the real person to train you.
It depends upon you if you have a knowledge in bitcoin you can buy bitcoin for others. First you can educate about the bitcoin to that person. Then only he knows at what time to sell or buy bitcoin. Explain the benefits of bitcoin it really helps him in future. He must know the trading exchange sites then only he can use bitcoin.