Is it legal to buy bitcoin for someone else

Your friend may be asked to communicate with his «employer» to get them to do more illegal things. Bitit is slightly different than the other options on this page. Buy Bitcoin Worldwide is for educational purposes only. Luckily, today I’ll show you how easy and fast it can be. His job is the following:. Even with email records, etc it’s going to be nearly impossible to track them down.

Let me explain but for the purposes of simplifying my explanation let’s assume you’re buying the bitcoin from an individual with cash:. All the Bitcoin Exchanges I have used before so I’m guessing all or most are like this will first verify your identity and will then provide a Bitcoin Bitcoln that you can use for the transaction whether you are buying or selling and at at least one point during the transaction, the bitcoin will have to pass by that Bi All the Bitcoin Someond I have used before so I’m guessing all or bittcoin are like this will first verify your ti and will then provide a Bitcoin Wallet that you somrone use for the transaction whether you are buying or selling is it legal to buy bitcoin for someone else at at least one point during the transaction, the bitcoin will have to pass by that Bitcoin Wallet so you will have owned those bitcoin at one point. To put this another way, Bitcoin Exchanges either escrow the bitcoin being traded or they escrow both the bitcoin and the fiat money. To buy bitcoin for your friend so that you never have to own the bitcoin, you should first ask for your friends Bitcoin Address and then you should buy the bitcoin, not from a Bitcoin Exchange or middlemanbut buy them directly from an individual who is selling them and when the seller asks for your Bitcoin Address, show them your friends Bitcoin Address or the QR code and the bitcoin goes to a wallet that is owned by your friend without you having to own the bitcoin at any point.

Cash Bitcoin Exchanges

The peer-to-peer digital currency Bitcoin made its debut in and with it ushered in a new era of cryptocurrency. While tax authorities, enforcement agencies, and regulators worldwide are still debating best practices, one pertinent question: is Bitcoin legal or illegal? The answer — it depends on the location and activity of the user. Bitcoins are not issued, endorsed, or regulated by any central bank. Instead, they are created through a computer-generated process known as mining.

Introduction

Let me explain but for the purposes of simplifying my explanation let’s assume you’re buying the bitcoin from an individual with cash:.

All the Bitcoin Exchanges I have used before so I’m guessing all or most are like this will first verify your identity and will then provide a Bitcoin Wallet that you can use for the transaction whether you are buying or selling and at at least one point during the transaction, the bitcoin will have to pass by that Bi All the Bitcoin Exchanges I have used before so I’m guessing all or most are like this will first verify your identity and will then provide a Bitcoin Wallet that you can use for the transaction whether you are buying or selling and at at least one point during the transaction, the bitcoin will have to pass by that Bitcoin Wallet so you will have owned those bitcoin at one point.

To put this another way, Bitcoin Exchanges either escrow the bitcoin being traded or they escrow both the bitcoin and the fiat money. To buy bitcoin for your friend so that you never have to own the bitcoin, you should first ask for your friends Bitcoin Address and then you should buy the bitcoin, not from a Bitcoin Exchange or middlemanbut buy them directly from an individual who is selling them and when the seller asks for your Bitcoin Address, show them your friends Bitcoin Address or the QR code and the bitcoin goes to a wallet that is owned by your friend without you having to own the bitcoin at any point.

Verifying that the bitcoin were actually sent. By entering your friends Bitcoin Address on Blockchain. And if you really want to be sure you can wait until the transaction gets one or more confirmations. Where you can find find individuals who will sell you bitcoin for cash. The first place that comes to mind is a Bitcoin Meetup. I think you can’t. Owning bitcoin — means owning certain information. You can’t prove that you don’t know. But someone else can prove that he owns those bitcoins.

It doesn’t mean that you don’t own them. More than half a decade ago, Bitcoin itself had to endure heavy competition from cryptocurrencies that promised faster transactions. Nowadays, a lot of recent and upcoming projects are out to displace Ethereum as the go-to smart contract platform Open a wallet with Coinbase, or a similar service that owns the private keys.

Buy easily through their quick purchase Bitcoin feature. Send from your wallet to your friends. Technically, Coinbase has owned your Bitcoin the whole time. You can buy bitcoin in exchange for cash from somebody, people use localbitcoins Fastest and easiest way to buy and sell bitcoins for this purpose. But if what you are doing is legal and above board, and you just want to help a friend buy bitcoin, then why not either help you But if what you are doing is legal and above board, and you just want to help a friend buy bitcoin, then why not either help your friend buy them himself from a broker, or buy some for him and send them on?

YRaQ i Yypf o Uibm. The first step is to get that person create an address later you will send the coins. Next you need to find how to buy bitcoin. There are many means to do so. Some people like to use sites that accept a bank card or cash, while others prefer paypal or a bank transfer.

For further instructions: How to buy Bitcoin with PayPal, credit card, cash, bank transfer. Bitcoin is digital cash. The equivalent question is to ask is how do I buy any currency for someone else without ever owning it? The way to do that would be to pay and trust someone to give the money to someone. The transfer would go into their wallet and you have paid for it but you don’t own it.

You will need to be in communication with your recipient though that the transfer of the coin is taking place during the purchase to insure they have received it. This is the only way I can think of if you really want to not own it unless you wanted to just hide it through things like VPNs or Tor or m This is the only way I can think of if you really want to not own it unless you wanted to just hide it through things like VPNs or Tor or mixers.

Alternative you need to sell something and get paid by bitcoins in an anonymous bitcoins wallet like blockchain. You can learn more here Anonymous Bitcoin Exchange Service where you is it legal to buy bitcoin for someone else can find user suggestions to what wallet to use and what other options you may have to do what you want to.

Sign In. How do I buy Bitcoin for someone else so I never own it? Update Cancel. Historic moment for the crypto market! Learn More. You dismissed this ad. The feedback you provide will help us show you more relevant content in the future. Answer Wiki. Buy the bitcoin in person, with cash, from an individual or business that sells bitcoin over-the-counter.

Buy the bitcoin from a Bitcoin ATM. Let me explain but for the purposes of simplifying my explanation let’s assume you’re buying the bitcoin from an individual with cash: All the Bitcoin Exchanges I have used before so I’m guessing all or most are like this will first verify your identity and will then provide a Bitcoin Wallet that you can use for the transaction whether you are buying or selling and at at least one point during the transaction, the bitcoin will have to pass by that Bi Let me explain but for the purposes of simplifying my explanation let’s assume you’re buying the bitcoin from an individual with cash: All the Bitcoin Exchanges I have used before so I’m guessing all or most are like this will first verify your identity and will then provide a Bitcoin Wallet that you can use for the transaction whether you are buying or selling and at at least one point during the transaction, the bitcoin will have to pass by that Bitcoin Wallet so you will have owned those bitcoin at one point.

Now you have two questions: Can I verify that the bitcoin were actually sent? Where can I find an individual who will sell me bitcoin for cash? Verifying that the bitcoin were actually sent By entering your friends Bitcoin Address on Blockchain. Where you can find find individuals who will sell you bitcoin for cash The first place that comes to mind is a Bitcoin Meetup.

Is it possible to buy partial Bitcoins, or you must purchase an entire coin? So now that it is time to buy Bitcoin, how much should I buy for the impending surge of value? What do you think about Bitcoin? I’m going to purchase. What should I do? What will the top 5 cryptocurrencies be on Jan. Updated Feb 27, The nature of these markets is cyclical. Continue Reading.

Answered Dec 6, Do you just buy some and then sell them when they are worth more? Do I have to buy a Bitcoin? How can I reduce the amoun What is Bitcoin, and how do you buy it? Win 1 Bitcoin with Nexo. Answered Oct 24, Answered Nov 6, Answered Oct 23, View. Related Questions Should I buy a Bitcoin? If so, how do I do it and make a profit from it? How do I access the buying of Bitcoin? If bitcoin keeps growing, why don’t people buy a small amount of bitcoin to hold onto and wait for it to go up?

How and where can I buy a bitcoin then sell it at the end of the day at a profit without waiting a week? Why is it so difficult to buy bitcoin? I’ve spent 12 hours trying to do it. Where can I borrow Bitcoin, without having to buy it?

And pay it back in Bitcoin, with no dollars involved? When you buy a Bitcoin, where does the money go? Why do we need to buy Bitcoin if it doesn’t exist? Bitcoin is at its peak today. What if I sell all of my Bitcoin and buy 1 after the crash? What happens when there is no more Bitcoin available to buy? How is it legal to buy bitcoin for someone else I buy a bitcoin? Is it illegal? Should I buy bitcoin? If so, where can I buy? What is the best time to buy Bitcoin?

Related Questions Is it safe to buy Bitcoin? Should I buy Bitcoin or other cryptocurrency now? Is it possible for someone to buy a big number of Bitcoins even if they dropped to one cent each? How exactly do I buy Bitcoin?

Exchanges reduce those risks by setting up rules, escrow accounts, and protecting both parties to the transaction. What if I’m shipping a fancy computer to you for your BTC, how do I get paid and know you won’t just keep the computer? There is no bitcoin ATM. Luckily, today I’ll show you how easy and fast it can be. Grant Aug 4 ’18 at I don’t understand your comment about exchanges, as you can can get market rate or place an order for a limit price. Disclaimer: Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity. Some ATMs may require verification, like a picture of an ID or a finger print scan although most don’t.