Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: uzair on August 30, 2018, 11:34:33 AM

Title: Travel to Korea to sell Bitcoin with cash, is it possible?
Post by: uzair on August 30, 2018, 11:34:33 AM

I see that price for Bitcoin is in North Korea 50% higher than in Europe. I like travelling and I was thinking to travel to North Korea and sell Bitcoin for cash. Is that possible? I was thinking to arrange a deal with couple of persons. They can exchange North Korean won for $ or € in their bank, I send them bitcoin and they give me cash (for cheaper price as they are paying in their country). Or I can go to money exchange office and exchange North Korean won for Euros. Would be that possible, are there any potential problems about that?

Title: Re: Travel to Korea to sell Bitcoin with cash, is it possible?
Post by: expander on August 31, 2018, 08:20:49 AM

I think there will be no problem for that. You can make an agreement with people there to exchange your bitcoin with Won in cash. But going to the money exchange office and exchanging the North Korean won for Euros, it might be difficult.