Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: yhiaali3 on March 22, 2024, 08:41:45 PM
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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?
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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.
Isn't it not even better with the use of the p2p network in buying bitcoin than using the payment service, considering that such has even been blocked, the part of the reasons why bitcoin remains the most significant digital currency that the people want is because of its decentralization, so i see the process of using any of the payment services as a means of exposing yourself to the public that am intobitcoin and have invested, because your privacy is not safe.
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- Hello op, I have never experienced anything like that, but I tried to research about it in your concern issue, the only thing I knew before was localbitcoins, that's why it's not operational now. I saw something that I'm not sure if it can help you with your problem but try it because it's a class of DEX apps that you may have heard of or it can be just like this but take a look at our link https://lobstr. co/
You can also try this https://stellarterm.com/buy-crypto?code=btc I'm not sure if you can buy it directly here op, good luck I hope I could help somehow.
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Well, in my country, Bitcoin is not banned, but people buy Bitcoin or USDT through P2P on some centralized exchange, and after buying USDT, you can use it to buy Bitcoin or any crypto of your choice.
Also, there are a few platforms in my country that allow citizens to deposit our local currency via bank transfer or card payment. After you make the deposit, you can use the local currency to buy Bitcoin directly on the same platform, and you can withdraw to any wallet you want.There are also other platforms where you can deposit local currency via P2P, and you will have to transfer it to the account number provided. So, in a country where there is no payment service, there are usually some loopholes that crypto users can still manage to use to accumulate their coins.
There are some casinos that can allow you to deposit via bank transfer, and they can also allow you to withdraw the funds via other payment methods like Bitcoin or USDT.
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Is there another solution based on your experiences?
Please correct me if I am wrong, are you saying you do p2p which means face-to-face or like doing p2p on some centralized exchange or even on DEXs, for example, we do p2p in Binance. I suppose you must have some way to send funds from one account to another (seller of USDT) like we have easy paisa, JazzCash, and even banks can do it. So if you don't have the choice to use these then how do you send funds to the sellers?
Well, what we do is, make p2p on exchange and then use the usdt we bought to buy whatever coin we like. If you don't have the ability to make p2p on exchanges, then I suggest using those wallets or platforms to receive the funds that cost you less or choose wisely from the tokens. There are trx, matic that can cost you nothing but you don't have these as you said you want BTC.
There is a website that you can use where you can send other coins and receive the BTC amount in your receiving wallet. I personally used https://sideshift.ai/ but you can prefer exch too. I hope you got the point.
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No matter how you look at it, I think the way that you have in your country is just P2P. It's always going to be the case because if you don't have any access to online payments, how are you going to transfer it right?
I'm curious as to where you live because having no online services seems odd. The internet age has been here a while and why is there no payment like that?
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Is there another solution based on your experiences?
PeachBitcoin is a nice P2P app that can connect buyers and sellers for bitcoin and fiat currencies, you can make your own offers or accept them from other sellers.
There are few more options like AgoraDesk, and Robosats can be used if you want to save on fees with using Lightning Network.
For stable coins with cheap transactions fees best option is L-USDT.
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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.
Sorry to hear this bad situation.
But, let me make it clear.
So, in your country, there is no online payment method? IN all transactions or only during crypto/Bitcoin transactions? So when you do P2P, and there are no online transactions, that means you are using cash face-to-face directly, right?
Or what is meant as a whole is just the ethics of purchasing Bitcoin, in the sense of depositing to a certain exchange. Like this, huh?
If indeed online transactions are still quite available for purchasing other crypto besides BTC, then the only way is to optimize P2P for purchasing other crypto (stablecoins as you said). And to be honest, whether in a country where Bitcin is legal, even when it comes to fees, it's the same, the fees are quite large for transfers to private wallets, whether using DEX or CEX.
When you say that the broker then transferred the clone to your Binance account, then that means you used Binance to transact the Bitcoin, right? So, that means no need to go from Binance to DEX first, then to your personal wallet. Because, you can do it directly from Binance to your personal wallet. The important thing is that you can still make deposits to Binance (whether through a broker or other). Maybe what is quite equal is the broker fee, but when it comes to CEX or DEX fees, it will be the same as what is experienced by those of us who can make online payments.
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Please correct me if I am wrong, are you saying you do p2p which means face-to-face or like doing p2p on some centralized exchange or even on DEXs, for example, we do p2p in Binance. I suppose you must have some way to send funds from one account to another (seller of USDT) like we have easy paisa, JazzCash, and even banks can do it. So if you don't have the choice to use these then how do you send funds to the sellers?
We do p2p face to face and not in DEXs. There is a Telegram channel for financial brokerage where you send a money transfer to the broker and then he sends USDT to your address in DEXs and after that you buy Bitcoin or another currency if you like.
I'm curious as to where you live because having no online services seems odd. The internet age has been here a while and why is there no payment like that?
I live in Syria, we have internet, of course, but unfortunately all services are blocked in Syria. As you know, Syria is on the first list of countries banned by the United States for political reasons. Therefore we are banned from all online payment services.
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As you live in the lower part of your country where online conditions are quite normal. But you can convert bitcoins by buying USDT with a system that only requires a small fee. However you accumulate bitcoins that guarantee your success in the future, you can usually wait until 2025 to buy bitcoins this way. Then surely you can get a big benefit.
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Is there another solution based on your experiences?
We have exactly the same situation. If you want to avoid scammers, you should use p2p services or how you are currently using them. I have been looking for cheap sellers who sell BTC at a low price and I have been scammed by those sellers. So, it is better to pay a little more without being scammed. The cheapest solution is sometimes dangerous.
Even though I do not buy Bitcoin or any other crypto, I have tried some methods to buy it cheaper and got scammed. But sometimes I sell my Bitcoin and I use centralized exchanges to avoid scammers even though it is not advised to use centralized exchanges.
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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.
It is surprising that you are not able to purchase bitcoin directly in your country. Why not use decentralized exchanges to see if your country people are there?
Or instead of using centralized exchanges and you do not want to hold on the exchange, why not just use instant exchange like https://exch.cx/
But it is better you use decentralized exchanges to buy bitcoin directly.
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Is there another solution based on your experiences?
No, I believe P2P is the safest solution for those countries where online payment systems aren't present. It's easy to say that you can follow this or that to purchase Bitcoin in a country where you don't have online payment systems but in reality it isn't easy at all.
I suggest you to continue with P2P purchasing and not look for any alternative. If you really want an alternative then you may need a provider that accept local bank transfer and or mobile top-ups, other than that none of the services will work for you.
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We do p2p face to face and not in DEXs. There is a Telegram channel for financial brokerage where you send a money transfer to the broker and then he sends USDT to your address in DEXs and after that you buy Bitcoin or another currency if you like.
I live in Syria, we have internet, of course, but unfortunately all services are blocked in Syria. As you know, Syria is on the first list of countries banned by the United States for political reasons. Therefore we are banned from all online payment services.
Fiat-crypto transactions are conducted in two parts:
+ The buyer transfers fiat to the seller.
+ The seller transfers crypto to the buyer.
The 2nd issue is easy to solve because everyone can use the Bitcoin network to transfer BTC.
The 1st issue will be more difficult if you cannot use any internet banking applications. Some countries under sanctions and embargoes also have their own money transfer applications, operated by national banks and not dependent on Visa or MasterCard. In my country, even with Internet banking services, we still have to avoid mentioning crypto-related payment details in the attached message.
I hope you have a good P2P service, where intermediaries accept cash and help others buy and sell crypto more easily. Their reputation will come with a fairly high transaction fee, but that is also acceptable if you consider crypto to be an essential part of your portfolio.
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Fiat-crypto transactions are conducted in two parts:
+ The buyer transfers fiat to the seller.
+ The seller transfers crypto to the buyer.
The 2nd issue is easy to solve because everyone can use the Bitcoin network to transfer BTC.
The 1st issue will be more difficult if you cannot use any internet banking applications. Some countries under sanctions and embargoes also have their own money transfer applications, operated by national banks and not dependent on Visa or MasterCard. In my country, even with Internet banking services, we still have to avoid mentioning crypto-related payment details in the attached message.
Yes, the second problem is very easy, but the problem No.1 is very difficult in the absence of payment systems that accept cryptocurrencies in exchange for fiat. There are some local electronic payment systems here but they do not accept cryptocurrencies.
The main problem is converting fiat to any coin. if there are no online payment services that exchange fiat to crypto then there is only the P2p option.
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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?
Here is complete similarity of my country with your country My country doesn't have online payment service where I can buy bitcoins. To buy bitcoins from my country must use my p2p system like you do. I use this same system as you to buy bitcoins but now I don't buy bitcoins that way anymore now I save the bitcoins I earn I don't use it for my family work I do physical work to run my family I am carrying the expenses of my family with the money of that job. Buying bitcoins using p2p is the best solution where you don't have to hear any problem from anyone you can buy your bitcoins using p2p instantly. It doesn't matter if you have to pay a little fee though.
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Here is complete similarity of my country with your country My country doesn't have online payment service where I can buy bitcoins. To buy bitcoins from my country must use my p2p system like you do. I use this same system as you to buy bitcoins but now I don't buy bitcoins that way anymore now I save the bitcoins I earn I don't use it for my family work I do physical work to run my family I am carrying the expenses of my family with the money of that job.
This is really unfortunate, in the end everyone chooses the method that suits their country's situation.
For me, I rely heavily on the Bitcoin that I earn through my participation in signature campaigns here and in the other forum to obtain Bitcoin in the wallet. Of course, this is the best and easiest method, but it is not available to everyone who is not a member of the two forums.
This is our good fortune to obtain Bitcoin in an easy way by writing.
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I don't buy bitcoins that way anymore now I save the bitcoins I earn I don't use it for my family work I do physical work to run my family I am carrying the expenses of my family with the money of that job. Buying bitcoins using p2p is the best solution where you don't have to hear any problem from anyone you can buy your bitcoins using p2p instantly. It doesn't matter if you have to pay a little fee though.
Out of curiosity, why did you stop buying Bitcoin? Or are you saying that you stop trading your Bitcoin for your monthly needs and decide to save it for the future? If investment is your goal, maybe it is a good idea to watch the market at the moment since we're likely in a bull run, especially after the halving. Selling some of your Bitcoin is not a bad idea as long as you know how to enter the market again. I made the mistake of not selling anything in the last 2 bull runs so my wealth doesn't change that much. It is tricky, but I believe it is worth a shot if you're fine with the risk even with P2P trades. But I'm not sure how exactly P2P works in your area so I can't comment on that. I believe Bisq should work even if there is no payment provider that allows you to buy crypto directly. Remember to DWYOR and DYOR though. CMIIW.
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I am actually confused that if internet based banking system is closed in your country then how the payment is made out for online services. Also, since you didn't mention your country, I couldn't even guess which country and how Bitcoin could be traded there. If your country has a ban on online fiat currency banking then I don't see any option to use bitcoin or crypto currency in any way.
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We do p2p face to face and not in DEXs. There is a Telegram channel for financial brokerage where you send a money transfer to the broker and then he sends USDT to your address in DEXs and after that you buy Bitcoin or another currency if you like.
Hmm the method you have shared, I won't call it face-to-face, as you are not meeting with the seller or buyer, you are just using another means in this case telegram is the mean of making p2p trade, while where payment services are allowed like let's say in Pakistan, if we have payment service, that means we can send money from one person to another using Binance If I want to buy BTC or USDT, I would go to Binance, P2P and then find some seller, open the deal, and then will use payment service to send him money and he will send assets to my exchange wallet.
In this trade, the exchange works as a middleman and ensures fraud-free trade, so why don't you actually use Exchange, for such a purpose if you are able to transfer funds to the broker, BTW you didn't not mentioned the way of transferring it, I hope it would be offline otherwise you are not making sense or I am getting confused!
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Here is complete similarity of my country with your country My country doesn't have online payment service where I can buy bitcoins. To buy bitcoins from my country must use my p2p system like you do. I use this same system as you to buy bitcoins but now I don't buy bitcoins that way anymore now I save the bitcoins I earn I don't use it for my family work I do physical work to run my family I am carrying the expenses of my family with the money of that job.
This is really unfortunate, in the end everyone chooses the method that suits their country's situation.
Yes, this is an obstacle for people who want to get involved in the crypto world. Because after all, online payments will really help us in trading in crypto, especially for exchanges. However, if the conditions are like this, brokering is the only way. The risks are like that, it definitely requires quite a lot of fees to pay. But here, if there are a few people who open P2P in that country and are trusted enough, can that help? Or will they also act like brokers because they see this business opportunity? everything went wrong, yeah.
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I am actually confused that if internet based banking system is closed in your country then how the payment is made out for online services. Also, since you didn't mention your country, I couldn't even guess which country and how Bitcoin could be traded there. If your country has a ban on online fiat currency banking then I don't see any option to use bitcoin or crypto currency in any way.
If the online payment system is closed, it will make it difficult for everyone to carry out transactions, even though online payments can make it easier to pay remotely, for example making payments using the online system makes it easier for people to pay taxes from quite a distance and without having to come to the payment location. offline so it will save travel costs which is quite useful.
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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.
Isn't it not even better with the use of the p2p network in buying bitcoin than using the payment service, considering that such has even been blocked, the part of the reasons why bitcoin remains the most significant digital currency that the people want is because of its decentralization, so i see the process of using any of the payment services as a means of exposing yourself to the public that am intobitcoin and have invested, because your privacy is not safe.
There are some countries where crypto currency is illegal and people of those countries simply cannot use different exchanges even if they want to because all those exchange IPs are banned from those countries. But those who are investors and those who have such restrictions in the country do not stop at this step of the government but they are looking for alternative ways how they can use all these exchanges in some other way. There are some premium VPNs that are very private and generally use all these exchanges. All exchanges have been banned in India but still people in India have not given up on using crypto currency, if there is a will there is a way.
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There are some countries where crypto currency is illegal and people of those countries simply cannot use different exchanges even if they want to because all those exchange IPs are banned from those countries. But those who are investors and those who have such restrictions in the country do not stop at this step of the government but they are looking for alternative ways how they can use all these exchanges in some other way. There are some premium VPNs that are very private and generally use all these exchanges. All exchanges have been banned in India but still people in India have not given up on using crypto currency, if there is a will there is a way.
My problem is the opposite, meaning it is not the government that bans electronic payment services on the Internet or exchanges, but the opposite is true, meaning that it is payment services and exchanges that ban my country, Syria.
Here the problem is more complicated, because even if you use a VPN you will not be able to transfer money from the bank to buy Bitcoin or convert Bitcoin into cash, so the only method available to us in my country here is P2P.
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We do p2p face to face and not in DEXs. There is a Telegram channel for financial brokerage where you send a money transfer to the broker and then he sends USDT to your address in DEXs and after that you buy Bitcoin or another currency if you like.
You got me and some others pretty confused with this.
You said in the title that you have no online payment services but then how
- Do you send money to that broker?
- how does he manage to get usdt himself?
And from that point there is a lot more to come, like if you have a broker that does this why even bother with usdt and a dex and an extra fee when you could simply buy bitcoins from him, right?
I guess this is more about not having direct access to a cex rather than not having payment services! I expected a situation where you don't have a bank, you don't have a money transmitted anything, and it's all done in cash face to face.
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You got me and some others pretty confused with this.
You said in the title that you have no online payment services but then how
- Do you send money to that broker?
- how does he manage to get usdt himself?
And from that point there is a lot more to come, like if you have a broker that does this why even bother with usdt and a dex and an extra fee when you could simply buy bitcoins from him, right?
I guess this is more about not having direct access to a cex rather than not having payment services! I expected a situation where you don't have a bank, you don't have a money transmitted anything, and it's all done in cash face to face.
Sorry if I did not explain my problem well. We have local banks and electronic payment services, but international payment services and exchanges are blocking my country. This means we have the Internet and banks, and we also have Bitcoin and Altcoin wallets, but third-party services (CEXs, DEXs, and payment services) are blocking my country, so I cannot buy or sell Bitcoin.
So when I want to buy Bitcoin, for example, I send USDT to the broker from my wallet (not face-to-face), and he sends me Bitcoin directly to my wallet, and when I want to sell Bitcoin, I transfer it to the broker’s wallet, and he sends me cash via a money or bank transfer to my address (not face-to-face).
I hope the picture is clear now.
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I think P2P transaction is most safest for OP behind countries not have payment service, you can directly make transaction with your community or the same country come from and sent to seller trough bank account. You need looking with exchange have support P2P transaction and buy stable coins there, there are not any fees transaction yet but looking the P2P seller have good rate for selling their stable coins.
After purchasing stable coins trough P2P transaction you can but Bitcoin or other altcoin, its easy although not have payment service for purchasing bitcoin.
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P2P is probably the only way to go, or at least the most common way to go in those nations. In my country we had bank connections with local exchanges for many years, we just wire transfer money into the accounts of the exchanges, including Binance as well, Binance works with Turkiye, so that means we just wire money to our account in Binance, and then we do whatever we want with it. However, I remember back in days when paypal was illegal (still illegal) and exchanges didn't work that way, so we had to do p2p and I had plenty of p2p trades during that period. Its not ideal though, its quite bad.
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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.
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Sorry if I did not explain my problem well. We have local banks and electronic payment services, but international payment services and exchanges are blocking my country. This means we have the Internet and banks, and we also have Bitcoin and Altcoin wallets, but third-party services (CEXs, DEXs, and payment services) are blocking my country, so I cannot buy or sell Bitcoin.
So when I want to buy Bitcoin, for example, I send USDT to the broker from my wallet (not face-to-face), and he sends me Bitcoin directly to my wallet, and when I want to sell Bitcoin, I transfer it to the broker’s wallet, and he sends me cash via a money or bank transfer to my address (not face-to-face).
I hope the picture is clear now.
Well, this does make a bit more sense although I don't know how you can get USDT there and not Bitcoin.
But anyhow, a bit of the stuff was cleared up, probably if you would have said from the start something like:
How to buy Bitcoin in countries that do not have access to crypto exchanges
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.
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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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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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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
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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.
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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.
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If the payment services in your Country was blocked and the temporary solution you're making to get the money you earned in this forum is via P2P. Then how it could be possible? The person you are trading with must be there in your Country or should be your friends. Because if you say that the person is from the other Country then the payment services in your Country was not totally blocked. In that case, trading your cryptocurrencies here in the forum is also a best solution since your very concern is high fee. Just make sure that the person is reputable and trusted.
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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?
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
It's possible that he lives in El Salvador, Bitcoin is licensed as a currency that can be used by the public, so there is a possibility that you can buy bitcoin directly without any problems. Maybe it would be better to buy Bitcoin straight away rather than having to do the two stages you mentioned.
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It's possible that he lives in El Salvador, Bitcoin is licensed as a currency that can be used by the public, so there is a possibility that you can buy bitcoin directly without any problems. Maybe it would be better to buy Bitcoin straight away rather than having to do the two stages you mentioned.
I doubt that you have read the topic from the beginning or that you know what you are saying. I mentioned which country I am from in previous Replies, and it is completely surprising that you say that I could be from El Salvador?
If I were from El Salvador, which adopted Bitcoin as an official currency, it would be completely stupid of me to open this topic and ask this question!!! Please read the topic carefully before answering anything.
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P2P trading is the only exchange service I utilize to buy with fiat, as most platforms' P2P offerings have been blocked in my country. Fortunately, Bitget exchange continues to support P2P trading for my country, which is why I have remained with them as my go-to platform.
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We do p2p face to face and not in DEXs. There is a Telegram channel for financial brokerage where you send a money transfer to the broker and then he sends USDT to your address in DEXs and after that you buy Bitcoin or another currency if you like.
In fact, this is the most effective way to get Bitcoin when there is no local cryptocurrency exchange and there are also no direct online payment services for buying Bitcoin. As long as you can get cryptocurrency, it will make it easier for you to get Bitcoin, but also think about how you can sell it to FIAT which is valid in your country, don't let it happen that when you have difficulty and get emergency funds, you end up having difficulty converting your BTC to FIAT.
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Fortunately, Bitget exchange continues to support P2P trading for my country, which is why I have remained with them as my go-to platform.
How did Bitget manage to offer you their service if other services/platforms are blocked? How did your government do the blocking process? Is it simply blocking the website, or do they stop offering services to your country due to government pressure? If it is the latter, I guess we can only wait until Bitget becomes the next target. Quite surprising to hear that bigger services are not available but you can access Bitget P2P service just fine. What about Bisq? Or maybe I'm out of the loop and Bitget is the hype for P2P nowadays?
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Fortunately, Bitget exchange continues to support P2P trading for my country, which is why I have remained with them as my go-to platform.
How did Bitget manage to offer you their service if other services/platforms are blocked? How did your government do the blocking process? Is it simply blocking the website, or do they stop offering services to your country due to government pressure? If it is the latter, I guess we can only wait until Bitget becomes the next target. Quite surprising to hear that bigger services are not available but you can access Bitget P2P service just fine. What about Bisq? Or maybe I'm out of the loop and Bitget is the hype for P2P nowadays?
I think sometimes, when government threatened an exchange with some laws or something. They always get to abide by the government rules.. Maybe Bitget was able to follow some rules so as to be able to continue thier operation for P2P. I don't really know. But they might be the next as you have said. But who knows?
I check the news daily and it doesn't seems like something like that will happen.
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How did Bitget manage to offer you their service if other services/platforms are blocked? How did your government do the blocking process? Is it simply blocking the website, or do they stop offering services to your country due to government pressure? If it is the latter, I guess we can only wait until Bitget becomes the next target. Quite surprising to hear that bigger services are not available but you can access Bitget P2P service just fine. What about Bisq? Or maybe I'm out of the loop and Bitget is the hype for P2P nowadays?
On the contrary, my friend, governments first attack the large services and leave the small services until the end, or turn a blind eye to them temporarily, or perhaps ignore them because they believe that they do not pose a threat at the present time.
Look at the position of the American governments in attacking and banning crypto services. They always start by going after the big services. For example, when they started going after exchanges, they started with Binance, then Kraken, Kucoin, UniSwap and others.
Likewise, with regard to mixers, the United States began attacking the largest mixer (ChipMixer), and after that it began attacking smaller mixers.
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A few exchanges can offer good trading facilities for those who want to invest in Bitcoin. Some countries where cryptocurrencies are not legalized they can take the opportunity. Especially those who use Binance and KuCoin will get an opportunity to invest in crypto by doing P2P transactions. At those platform you can buy USDT first and then you can easily buy Bitcoins. These platforms have shown considerable efficiency in P2P transactions.
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I check the news daily and it doesn't seems like something like that will happen.
Eh, I wouldn't be that confident. Nobody predicts FTX will go bankrupt, Binance will get hacked, and so on but all those things still happened. It is always better to be cautious and prepare for the worst-case scenario IMO. If Bitget is the only service available for you, there's no harm in looking for alternatives before they stop their services too. Have you tried Bisq btw?
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My country made this quite easy to be fair. Paypal is banned in Turkey, so you can't buy it that way, but it is allowed to put your money into Binance or any other local places like Paribu etc easily. Meaning that you just wire your money there, and it gets there, so the exchange account gets credited with that much fiat that you sent, and then you can buy whatever you want. For all the nations that have trouble with payment services, I suggest exchanges that directly deals with it, and if there is none that exists today, then it is quite clear that you could definitely make that work and make one yourself.
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My country made this quite easy to be fair. Paypal is banned in Turkey, so you can't buy it that way, but it is allowed to put your money into Binance or any other local places like Paribu etc easily. Meaning that you just wire your money there, and it gets there, so the exchange account gets credited with that much fiat that you sent, and then you can buy whatever you want. For all the nations that have trouble with payment services, I suggest exchanges that directly deals with it, and if there is none that exists today, then it is quite clear that you could definitely make that work and make one yourself.
It's good to know that your country allows buying directly from exchanges via wire and bank transfers, but you'd wanna know that it's not every country that allows this medium, some countries don't even allow their local banks to trade with crypto exchanges and if caught in the act would attract penalties such as placing a ban on your bank account.
In situations like this, it's advisable to consider using the P2P platforms or exchange P2P where you can just transact with people who are willing to buy and sell via escrow services and other methods, those could prove to be quite convenient and safe too.
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I think the p2p trading method is good, and we can still carry out crypto trading activities on the exchange. I myself also use this method, so I send money to people for p2p transactions and I get crypto coins, be it Bitcoin or Altcoin. Likewise, if I want to withdraw money, I sell my crypto coins to my p2p partner and then the money is sent to my bank account. And so far I haven't had any problems, the fees are not too expensive in my opinion.
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I think the p2p trading method is good, and we can still carry out crypto trading activities on the exchange. I myself also use this method, so I send money to people for p2p transactions and I get crypto coins, be it Bitcoin or Altcoin. Likewise, if I want to withdraw money, I sell my crypto coins to my p2p partner and then the money is sent to my bank account. And so far I haven't had any problems, the fees are not too expensive in my opinion.
I also often do P2P trading and even try on all Tier 1 exchanges that have p2p features available.
It is indeed quite easy and more efficient to make withdrawals in fiat or buy crypto directly using the associated bank transaction.
Binance is the first to provide P2P features on the exchange and it is very easy to do, there are no obstacles whatsoever.
But you have to be careful with many scams and you have to pay attention to every step.
But anyone who is going to use P2P must be prepared with KYC and it is mandatory.
For those who exclude KYC then don't use it, it only works for users who want to do KYC as per the applicable procedure.
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I think the p2p trading method is good, and we can still carry out crypto trading activities on the exchange. I myself also use this method, so I send money to people for p2p transactions and I get crypto coins, be it Bitcoin or Altcoin. Likewise, if I want to withdraw money, I sell my crypto coins to my p2p partner and then the money is sent to my bank account. And so far I haven't had any problems, the fees are not too expensive in my opinion.
That way we can make transactions whenever we want. It will be better when we already have a subscription that often accommodates all the assets we have that can make money. Because sometimes when using p2p in other people the service will not be the same.
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and if there is none that exists today, then it is quite clear that you could definitely make that work and make one yourself.
I don't think suggesting an end user to develop his own payment service is a good solution, to be honest. Most end-users don't have any capital to start a business, anyone who has probably won't ask on this forum. It's not like you can fork an open-source marketplace website and call it a day afaik. Not to mention they need to struggle with regulation, which can be one of the many reasons why payment services are banned in their country.
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I think the p2p trading method is good, and we can still carry out crypto trading activities on the exchange. I myself also use this method, so I send money to people for p2p transactions and I get crypto coins, be it Bitcoin or Altcoin. Likewise, if I want to withdraw money, I sell my crypto coins to my p2p partner and then the money is sent to my bank account. And so far I haven't had any problems, the fees are not too expensive in my opinion.
We can easily buy and sell bitcoins through P2P but OP wants to know how people in countries that don't allow all these crypto exchanges including bitcoins can buy bitcoins or sell bitcoins. If you have any idea about this then you can share here. From my idea as I said in previous post that here people of those countries can continue to buy and sell their bitcoins using VPN if you have any other way then please share that different way here.
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I think the p2p trading method is good, and we can still carry out crypto trading activities on the exchange. I myself also use this method, so I send money to people for p2p transactions and I get crypto coins, be it Bitcoin or Altcoin. Likewise, if I want to withdraw money, I sell my crypto coins to my p2p partner and then the money is sent to my bank account. And so far I haven't had any problems, the fees are not too expensive in my opinion.
We can easily buy and sell bitcoins through P2P but OP wants to know how people in countries that don't allow all these crypto exchanges including bitcoins can buy bitcoins or sell bitcoins. If you have any idea about this then you can share here. From my idea as I said in previous post that here people of those countries can continue to buy and sell their bitcoins using VPN if you have any other way then please share that different way here.
VPN only unblocks internet access, it cannot provide trading even p2p for BTC/FIAT transactions (for local currency)... yes the point is that what is needed first is a service provider first, it must support the currency we have, it will be the same it is difficult to convert to foreign currency first and that will also have an impact when we want to sell BTC again.
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I think the p2p trading method is good, and we can still carry out crypto trading activities on the exchange. I myself also use this method, so I send money to people for p2p transactions and I get crypto coins, be it Bitcoin or Altcoin. Likewise, if I want to withdraw money, I sell my crypto coins to my p2p partner and then the money is sent to my bank account. And so far I haven't had any problems, the fees are not too expensive in my opinion.
Countries that ban crypto don't allow central exchanges to operate on their space. They will ask the exchanges doing such service to take down local p2p from their platform and because the exchanges are centralized, they don't have choice but to comply with them and agreed to stop service. For example, Nigeria is currently experiencing the same problem as the government continues to take down p2p services on major exchanges.
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My country made this quite easy to be fair. Paypal is banned in Turkey, so you can't buy it that way, but it is allowed to put your money into Binance or any other local places like Paribu etc easily.
In Turkey you can literally buy and sell bitcoin and other cryptocurrency easily on street local exchanges.
This is something you won't find in many other countries of the world.
Binance is the first to provide P2P features on the exchange and it is very easy to do, there are no obstacles whatsoever.
But you have to be careful with many scams and you have to pay attention to every step.
There is much better p2p trading alternative for Binance that can work without kyc verification with some limitations.
This is called NoOnes.com and it is getting very popular, volume is increasing every day, but as always people should be careful of scammers.
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P2P and utilizing third party methods or features may still be the ones most likely to be used in these conditions. And currently more and more Cex are providing P2P and third parties. Binance, Okx, Mexc and many more. And actually there are also many exchanges that don't require KYC like Mexc, but there you still have to do KYC to do p2p, of course.
But at Mexc you can learn how to purchase crypto using third party features or you can learn how to purchase express using a debit or credit card / visa or mastercard but for this one (express) maybe I don't recommend it if you live in a country that prohibits crypto purchases. You might consider using a third party. And it can usually be done even without kyc at Mexc. But I don't know for now. Because I haven't used it for a long time. Because for now I prefer to use p2p even though I still have to do KYC. Because I am in a safe country where crypto is legal.
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There is much better p2p trading alternative for Binance that can work without kyc verification with some limitations.
This is called NoOnes.com and it is getting very popular, volume is increasing every day, but as always people should be careful of scammers.
Thanks for the reference, I just found out about this noones.com, and it is true that the volume is increasing every day and there are many sellers from my country.
Payment options also vary, can be via bank transfer, E-Wallet and others.
It can be a good alternative to P2P without the need for KYC anymore.
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Payment options also vary, can be via bank transfer, E-Wallet and others.
It can be a good alternative to P2P without the need for KYC anymore.
This exchange is not totally without KYC verification, but you can use Tier one only with entering any name you want (this is not my recommendation).
For this you have limit up to $700 daily trading I think, and you can increase it later if you send them documents for verification for higher tiers.
There are also some restricted countries, so it's better to check that out.
(https://i.ibb.co/K0LQZLj/n.jpg) (https://imgbb.com/)
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This exchange is not totally without KYC verification, but you can use Tier one only with entering any name you want (this is not my recommendation).
For this you have limit up to $700 daily trading I think, and you can increase it later if you send them documents for verification for higher tiers.
There are also some restricted countries, so it's better to check that out.
The maximum limit of $700 in a day without KYC in my opinion is enough for me.
Instead of having to provide personal data, documents to verify for a higher level.
This can be a good alternative if there are indeed many sellers from my country and also recommended by others.
But this will be my personal experiment.
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P2P and utilizing third party methods or features may still be the ones most likely to be used in these conditions. And currently more and more Cex are providing P2P and third parties. Binance, Okx, Mexc and many more. And actually there are also many exchanges that don't require KYC like Mexc, but there you still have to do KYC to do p2p, of course.
But at Mexc you can learn how to purchase crypto using third party features or you can learn how to purchase express using a debit or credit card / visa or mastercard but for this one (express) maybe I don't recommend it if you live in a country that prohibits crypto purchases. You might consider using a third party. And it can usually be done even without kyc at Mexc. But I don't know for now. Because I haven't used it for a long time. Because for now I prefer to use p2p even though I still have to do KYC. Because I am in a safe country where crypto is legal.
For all exchange with feature P2P transaction required KYC and looking the community in each country which one exchange have a lot of transaction. Trough P2P transaction I think easily with many payment kinds and bank transfer make us easy to buy or sell cryptocurrency assets. But need to get trusted seller with P2P exchange and most of seller have each reputation behind the price of stable coins base on market rate or higher but if got lower rate I doubt will be trusted seller as third party for P2P exchange transaction.
P2P exchange feature helped more for some one get difficult withdrawing to own local exchange or their country not support with cryptocurrency.
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My problem is the opposite, meaning it is not the government that bans electronic payment services on the Internet or exchanges, but the opposite is true, meaning that it is payment services and exchanges that ban my country, Syria.
Here the problem is more complicated, because even if you use a VPN you will not be able to transfer money from the bank to buy Bitcoin or convert Bitcoin into cash, so the only method available to us in my country here is P2P.
Brother, in the case of Syria, it is very hard to use not just financial services, but many other different kinds of websites too (except I guess social media), because they similarly block countries like Syria and Iran, Cuba, etc.
There might be Facebook or Telegram groups where there are people buying and selling bitcoins locally - I don't know any myself, but you can check them out.
Alternatively, you might be able to use a decentralized platform like Bisq or Robosats. You transfer some money from your bank to someone else's bank in another country (just be careful not to deal with western countries) and you will get some crypto in return.
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Brother, in the case of Syria, it is very hard to use not just financial services, but many other different kinds of websites too (except I guess social media), because they similarly block countries like Syria and Iran, Cuba, etc.
There might be Facebook or Telegram groups where there are people buying and selling bitcoins locally - I don't know any myself, but you can check them out.
Unfortunately, my brother, this is true. Most of the services available to all countries on the Internet, whether free or paid, are not available in Syria. This is painful for us, the simple Syrian people who have nothing to do with politics. America and Western governments believe that they are punishing the Syrian regime, but in reality they are punishing us for no reason.
Anyway, yes, I use a reliable Telegram group that I used to work with for years, and they are good, reliable guys who buy and sell Bitcoin and stablecoins in exchange for the local currency.
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Unfortunately, my brother, this is true. Most of the services available to all countries on the Internet, whether free or paid, are not available in Syria. This is painful for us, the simple Syrian people who have nothing to do with politics. America and Western governments believe that they are punishing the Syrian regime, but in reality they are punishing us for no reason.
It's all just one big stupid game between politician puppets :P
Not sure what is working for your country, but have you tried using Noones.com p2p exchange?
I don't see Syria in the list of restricted countries and they don't have any kyc verification for up to $700 daily trading.
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It's all just one big stupid game between politician puppets :P
Not sure what is working for your country, but have you tried using Noones.com p2p exchange?
I don't see Syria in the list of restricted countries and they don't have any kyc verification for up to $700 daily trading.
Thank you for your kind sentiments and for trying to help.
I had never heard of Noones.com before, but I tried it now and here is the result:
(https://www.talkimg.com/images/2024/05/24/LdRNl.jpeg)
Believe me, I laughed a lot when I saw the message. We have a proverb in Arabic that says, “The greatest calamity is the one that makes you laugh.” This means that sometimes the great the calamity makes you laugh out loud.
Even decentralized services and P2P services that were supposed to bring freedom and decentralization are banned in my country, why? I don't know.
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Thank you for your kind sentiments and for trying to help.
I had never heard of Noones.com before, but I tried it now and here is the result
You are sadly correct :(
I asked their support for this and they sent me link I posted below, than I found Syria there.
This is not my suggestion but there is no strict kyc there, so there is a chance you could still use it partially with vpn or tor browser.
https://support.noones.com/hc/en-us/articles/6578722949647-List-of-countries-blocked-on-Noones
I think best solution is for more people to adopt crypto in your country.
So can you tell me what payment services actually work in Syria?
Are payment cards work only locally or they can be used in other countries?
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I asked their support for this and they sent me link I posted below, than I found Syria there.
This is not my suggestion but there is no strict kyc there, so there is a chance you could still use it partially with vpn or tor browser.
https://support.noones.com/hc/en-us/articles/6578722949647-List-of-countries-blocked-on-Noones
I think best solution is for more people to adopt crypto in your country.
So can you tell me what payment services actually work in Syria?
Are payment cards work only locally or they can be used in other countries?
Thank you for asking support on my behalf.
Yes, this may be the only solution. If the adoption of cryptocurrencies increases in my country, there may be more methods available in the future.
In any case, regarding your question about the payment services that actually work in Syria, I do not expect that there is any international service available here. There are only local payment services here. Payment cards only work locally and cannot be used in any other country.
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In any case, regarding your question about the payment services that actually work in Syria, I do not expect that there is any international service available here. There are only local payment services here. Payment cards only work locally and cannot be used in any other country.
Not even anything from bordering countries works?
It is miracle they even allowed people to use internet services in this situation, and you need to have internet for bitcoin payments.
I don't know if this is true, but I heard some people are using services from Turkey as one of bordering countries, but this is not exactly legal and by the book.
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Even though I am free to carry out crypto transactions, I am more comfortable doing p2p transactions where I think it is easier to transact to the destination, such as if I need an ETH base, just pay with my country's money without having to exchange it for USDT first.
but for your country, like it or not, you have to exchange it for USDT first before you can buy the BTC you want,
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Even though I am free to carry out crypto transactions, I am more comfortable doing p2p transactions where I think it is easier to transact to the destination, such as if I need an ETH base, just pay with my country's money without having to exchange it for USDT first.
but for your country, like it or not, you have to exchange it for USDT first before you can buy the BTC you want,
If you like P2P, that's good for you, we can also exchange USD on our country's local wallet exchange. Kadi, I don't think that's a problem. I read that some countries don't allow their citizens to make crypto transactions, that's a problem for crypto lovers and those who want to invest in crypto. When the service is not provided in our country, we can try using another country's VPN, but I have never done this. Because it's allowed in my country.
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Even decentralized services and P2P services that were supposed to bring freedom and decentralization are banned in my country, why? I don't know.
How if you use VPN? I know it is very risky but if it is possible, it can be one of the solutions.
In my country, we also cannot access Binance exchange. Many people here use VPN to access Binance exchange. It is quite annoying but we can't do anything for now. We must follow the policy from the government but we also have our own right to have a business in crypto.
If you like P2P, that's good for you, we can also exchange USD on our country's local wallet exchange.
Like or not, P2P is one of the possible solutions. :D
What do you mean with exchange USD? How to exchange USD if the local policy doesn't allow to use an exchange. I'm sure there will be no local exchange there.