How to buy Bitcoin in countries that do not have payment services

[yhiaali3]

Yup, sucks and I don't see any other viable method that you can use unless you can temporarily get out of the country, but I have a feeling that is 100x times harder and too expensive given the situation.

Most people here are thinking about immigrating to another country, and many of them have already immigrated because the conditions here are very bad. I thought about immigrating several times, but I was not able to because of my family and many other reasons.

I get Bitcoin from my work here on the forum and other forums, then I convert it to USDT and transfer it to the broker to exchange it into a local currency. This provides me with a good income due to the decline in the value of the local currency against the dollar.

Also, I can work on some exchanges that do not require KYC through a VPN. The situation is somewhat difficult, but the good thing is that the government is temporarily closing its eyes to these matters because it is busy with other matters and because it knows that the situation is difficult for the people.

[MRY]

I want to know what methods you follow to buy Bitcoin if you live in a country that does not have online payment services.

I live in a country where we don't have any online payment services because they are blocked by payment services, so the only way available here is via P2p.

Bitcoin cannot be purchased directly, so we use other methods, for example by purchasing a stablecoins such as USDT Tron, BUSD.

The purchase is through a broker, who receives a commission of 1-2%, then transfer USDT Tron, BUSD to any central exchange, and then buy Bitcoin at the market price.

The problem is when transfer Bitcoin from the DEX to the wallet, they take a high fees, in addition to of course the broker’s fee. But this is the only solution available here.

Is there another solution based on your experiences?

Well, what you already said, I would say is the only solution for anyone who lives in a place where they can not make online payments, for example, here in Nigeria when crypto currency was still very new, we used to be able to buy crypto directly from exchanges with our bank debit cards and so on, but after a while, international payments with our local atm cards was blocked by the central bank, and crypto trading was banned also, so we all shifted to p2p means of buying and selling our cash for crypto or crypto for cash.

Today and right now, the ban on crypto have not been lifted yet, but online payments have become very rampant and now, we can comfortably buy and sell crypto and make payments through online means without the government knowing exactly which is crypto payment and which is not.

In the nutshell though, if card payment works in your country for international transactions, then it's possible to buy crypto and pay directly with your bank card (if crypto is not banned in your country though), but in a situation where bank card isn't working, then the only effective solution remains p2p.

So far I have seen only 2 countries that give permission to purchase bitcoin directly using your bank card. In my country, if you want to buy bitcoin, you have to buy USD based on the Tether network and send the USD you have to an exchange until finally you can buy it. bitcoin, it is quite complicated because in my country there are still no rules or regulations regarding purchasing bitcoin legally.

[JISAN]

I want to know what methods you follow to buy Bitcoin if you live in a country that does not have online payment services.

I live in a country where we don't have any online payment services because they are blocked by payment services, so the only way available here is via P2p.

Bitcoin cannot be purchased directly, so we use other methods, for example by purchasing a stablecoins such as USDT Tron, BUSD.

The purchase is through a broker, who receives a commission of 1-2%, then transfer USDT Tron, BUSD to any central exchange, and then buy Bitcoin at the market price.

The problem is when transfer Bitcoin from the DEX to the wallet, they take a high fees, in addition to of course the broker’s fee. But this is the only solution available here.

Is there another solution based on your experiences?

I don't know which country you live in because I don't think any country has introduced online payment method till now.  However, it is admirable that you are interested in investing in Bitcoin and thinking about Bitcoin. Bitcoin is not legalized in my country yet but we can buy any stable coin from p2p using Binance, Ku-coin exchange like USDT. Although it is possible to buy bitcoins directly, there may be losses from buying usdt and converting to btc. so we buy usdt and then convert it to BTC

[armanda90]

All countries have any one of legal market with P2P transaction supported such as Binance, Kucoin and OKX, I think if have three kinds of exchange above you can make transaction trough P2P with your community. Some countries have block access or not allowed using but Kucoin and OKX still available for using, buy USDT or stable coins trough P2P and transfer money for your community seller on P2P exchange feature then your will received stable coin to buy bitcoin or altcoin.
I think easily if government not banned some exchange market have feature with P2P transaction, just preparing your account have pass KYC before transaction in P2P.

[Agbe]

Is there another solution based on your experiences?

We are yet to experience your experience in my country. The government is trying to make sure that all the Centralized Exchanges should stop or remove the P2p with the local currency from their services and some of them have done that and we are still using the remaining ones and waiting to be delisted. Well the P2p is the main purpose of creating bitcoin so if p2p is working in your country then you can use that then another way you can still get it done is using www.bitcoin.org and their is a buy and sell button and if it is working in your country then you can use that channel or open. Dollar account in your local bank and use it to buy bitcoin online. Though we have not experienced it yet but the way things are going we might and we are figuring out what channels we can use and we discuss to use telegram wallet and other social media platforms to make the trading and that is p2p.