Post
Topic
Board Legal
Re: Buy bitcoin for someone else?
by
zahed
on 03/12/2018, 16:01:19 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
You have to pay government taxes so i think this is legal processing to buying Bitcoin from banks and this is secure investment because banks is the main escrow both of you and your friends.