Post
Topic
Board Legal
Re: Is it legal to sell bitcoin for cash ?
by
jonaire99
on 05/12/2018, 07:52:33 UTC
I was thinking of selling my bitcoins for cash. Is it perfectly legal to do so ? Amount is close to 3-4K.

Thanks for reading.

You should know first the status of your cryptocurrencies in your country. Some countries like mine did not legalized bitcoin but the government still allowed their citizens to use it in any transactions. I often use some of the licensed crypto exchanges to sell or convert bitcoin into fiat. Some banks and remittance companies are also accepting cash out from the exchanges. If you have government that restrict its people from using bitcoin then it may be difficult for you to sell your bitcoin.