Post
Topic
Board Trading Discussion
Re: What are the ways i can cash out Bitcoin in another country?
by
TheGreatPython
on 27/01/2020, 09:55:44 UTC

If i ever go to another country and try to cash out Bitcoin,

what are the ways?


Only two things i can think of...

1. Make certain bank account where i can cash out Bitcoin

2. In person


1st option may not be possible though at certain country...

Any thought?
Well it is possible depending on the country are you going to visit, if Bitcoin and other cryptocurrency is banned in a certain country then it is really impossible but if it accepted then you won't any have a problem our cashing it out.
Personally, I am not very fond of having a transaction in another person simply because I am the type of person who is cautious and doesn't want to make a deal in person.
This might be a worst case if OP visits a country where bitcoins are already banned and he want's to cashout bitcoins in that country. This might not seem on the side of OP but I am sure this might not be the case. There are plenty of ways to cashout bitcoins directly into the native currency as there have been a number of platforms which does allow us to do the same.

Even, I can understand why you are not willing to cashout bitcoins directly in-person as most of the peoples including me does not feel this a reliable way to trade with bitcoins. I am living in a single country and did never intend to sell my bitcoins over the nation boundaries so until date, I never faced any such issue.