Quote from: Die_empty on September 29, 2024, 05:56:04 AM

Quote from: BrotherMencius on September 28, 2024, 08:53:09 PM

Yeah, I was thinking I'd likely sell through an exchange. My primary concern is that when I withdraw fiat from whichever exchange I use, the bank I withdraw to might want to put a hold on the fiat I try to deposit. Is this something to be concerned with? I've never tried before so I don't know for sure.

You should spend some time studying the crypto laws of your country. In my country, banks are restricted from dealing in cryptocurrencies. Bank accounts can be frozen, and banks sanctioned for engaging in such transactions. But there are still ways we bypass these restrictions. We ensure that there is no mention of anything crypto in the transactions, and we ensure that the amount doesn't include our lowest money denomination. Another technique is not to send a big transaction at once; it could be split and made in badges or bits. However, I think you should ask trusted members of the crypto community how they safely engage in crypto-to-fiat exchange.

It's very important to know the crypto laws in your country before doing any crypto transactions that'll require summiting KYC. If your country is Bitcoin friendly then you won't have a problem withdrawing through your banks, if it's not so that means that you'll have to use exchange p2p that is enabled in your country. Banks are restricted from facilitating crypto transactions in my country but it doesn't stop us from doing our p2p transactions on exchanges, you'll just need to know the exchanges that enables p2p transactions in your country. You also need to beware of scam Marchants, they're everywhere.