Post
Topic
Board Legal
Re: Buy bitcoin for someone else?
by
marcbitcoins
on 12/08/2018, 01:05:33 UTC
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






This will be your opportunity to help your friend to learn on how crypto investments works in which we really need more people to increase the real demand of this investment specially in this time of difficulties in which the market is not healthy. There is nothing to worry about the process in which its really legal because you use the money for investments and not for money laundering. Maybe they will required you KYC in the future due to amount involved but that will not be a problem as long as you are legal people.