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
There are banks who accepts Bitcoin or exchange your fiat to Bitcoin without moving it out from your bank, you can also use your credit card to buy Bitcoin. But it all depends on which country you belong coz there were also banks who stopped accepting Bitcoin.
But you should atleast teach your friend the basic to avoid confusions and misunderstanding during investment failure.