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Author Topic: How to buy Bitcoin in countries that do not have payment services  (Read 960 times)

Offline yhiaali3

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Re: How to buy Bitcoin in countries that do not have payment services
« Reply #30 on: April 21, 2024, 05:59:50 AM »
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.

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Re: How to buy Bitcoin in countries that do not have payment services
« Reply #30 on: April 21, 2024, 05:59:50 AM »

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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.

 

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