5

One way to do this is to perform a three-way transaction where the person sending the remittance (the bitcoin seller) transacts directly with the person buying bitcoins in the remittance destination country. The cash being paid for the bitcoin transaction is simply just being handed over to the family member rather than to the party selling the coins. ...


4

Yes, the simplest example is that you could create a paper wallet, send coins to that wallet, and give the paper wallet to your nephew. In this sense, the paper wallet act similar to a bearer bond. Whomever holds it, has access to the coins. The caveat is that your nephew has to trust that you don't spend the coins (since you have seen the private key).


4

Yes, you can and should transfer your bitcoin to a wallet you control after purchasing them from a web-based wallet. Never leave a substantial amount of your bitcoin on an exchange or a web wallet. Coinbase is a company that runs both an bitcoin wallet service and an exchange for purchasing and selling bitcoin for USD. Armory is a wallet that you run ...


3

No, Bitcoins cannot be transferred to another address without connection to the network. Bitcoins are not actually stored on a particular device, Bitcoins only exist as claims noted in the network's ledger, the blockchain. What is actually stored on the device's wallet are the means to exert control over Bitcoin claims, the private keys. (For the user's ...


3

If you exchange your US Dollars for Bitcoin and then use Bitcoin to buy Canadian Dollars, you will pay the exchange fees for that plus some more hidden costs such as for the bank transfers to fund these trades and the insurance cost for your Bitcoin exchange companies going bankrupt on you or the exchange rate dropping in between your purchase of Bitcoin and ...


3

Bitcoin-Central is to-date the only exchange to describe the capability of an exchange account being integrated with a bank account. It will be a EUR account. There is no estimate on when this will be available. Coinbase will draw funds from a bank account however they have not been able to keep up with the demand so there is no assurance that when ...


3

No, this is not how bitcoin works. Bitcoins don't really "exist" per se. Bitcoins are just an abstraction from the public ledger, or blockchain. So basically when you mine, the blockchain has a built in mechanism for rewarding miners. This is where the initial money comes from. When those miners give someone else bitcoins, those people don't "own" the ...


3

You can certainly transfer fees internationally with Bitcoin, and in many cases this is a great way to do so. Keep some things in mind, however. For one, you will have to pay conversion fees when you convert from currency, to Bitcoin, and then back into currency. Also, with some exchanges and traders it can take awhile to convert your Bitcoins into money. ...


2

Conversions between Bitcoin and fiat do incur friction. Sometime this friction is in cost, convenience, delays, or a combination of all thread. But for instance if the potential that delays occur would not be a huge problem then you could try to minimize the cost (or even earn a premium) by making local trades. With a local listing there's no guarantee ...


2

Yes. This is a textbook benefit of Bitcoin. The only fees you will see in transfer are cost to convert CNY to Bitcoin Bitcoin transaction fee (0.0001 BTC generally) cost to convert Bitcoin to USD, if you can't find some way to spend your Bitcoin without conversion You're likely to pay only a couple percent tops, so it's guaranteed to be cheaper.


2

One Method 1.0) Using Coinbase, (coinbase dot com) is currently my preferred way. Create an account there and do your homework. They have made the process rather straight forward once you are verified. 1.1) The fastest way to get verified is to link your US based bank account to their service. I would suggest buying a small fraction of one BTC to get ...


2

You can transfer bitcoin from anywhere to anywhere! Simply log in to coinbase and click "Request" and then submit the blank form (this is one way to find your bitcoin address) and then send the coins there. Historically, coinbase has allowed selling coins as soon as they see them, not requiring confirms like most exchanges do. One note about using web ...


2

There is one way though. If you want to give someone a few bitcoins, pre create a new address and transfer those many bitcoins to it, and when you meet him when there is no internet access, give him the private key of the new bitcoin address. This way, you can give bitcoins even if there is no internet access.


2

The basic idea is to find somebody else who is willing to pay money to obtain dogecoin. This is difficult to do by yourself, so there is the idea of an "exchange" where people who are interested in buying and selling can find each other. You would create an account on an exchange, send your freshly mined dogecoin to your exchange account, and then put them ...


2

There have been numerous reports of exactly this happening on bitcointalk. This thread lists several people talking about this problem: https://bitcointalk.org/index.php?topic=255174.0;topicseen. Another person also asked why this happens so regularly right here on stackexchange and received what sounds like a pretty good answer: Why so many bitcoin ...


2

Traditional banks don't hold bitcoin in their accounts, so you can't send bitcoin to your account. What you can do is sell your bitcoin for fiat currency and have that fiat deposited into your bank account. There are many companies willing to buy your bitcoin for fiat currency. As for giving out your address for a transaction, that is not something you ...


2

Bitcoin doesn't know countries. If you want to have 10'000 USD exchanged for Japanese yen, you can buy 17.42 BTC on a US bitcoin exchange, transfer the money to the account of a Japanese bitcoin exchange typically for free (since you can send the money in BTC from one exchange directly to another one and both typically doesn't have costs attached), and ...


2

Sites like localbitcoins.com (and eBay!) rely on reputation scores to assuage the type of concerns you express. If a user on localbitcoins.com has a high number of succesfully completed transactions, with a 100% overall score, I think you can feel reasonably reassured that this user is reliable and will do the right thing. They have a respectable track ...


2

You may want to check BTCPay Server More links for source and documentation. In the past I would have recommended BitPay, but they've had too many red-flags that show that this company does not have the best interest of Bitcoin in mind.


2

The most "profitable" way i can think of doing this is: 1) Your cousin buy BTC with AUD in Australia in some local exchange (preferrable) or at LocalBitcoins.com 2) You sell the BTC in Europe using LocalBitcoins (your cousin will give you the password for his LBC account or transfer the BTCs to your account there). They have a 1% fee for sellers, but you ...


2

where is my bitcoin money, when downloading is failed. Your money is in the Blockchain (loosely speaking). It is not affected by the state of your wallet. When your wallet finishes collecting its own copy of the public Blockchain (synchronisation), it will be able to show you the amount of money you control. Some explanation: A wallet does two things. ...


1

There is no limit on the per-input, per-output, fee, or total amount transacted, apart from the fact that all numbers need to be valid BTC amounts (which means not less than 0 and not more than 21M BTC).


1

BTC-E shut down by government and it won't come back. So there's no way to do that. (source: btc-e.com)


1

Banks hold and transfer fiat currency. The Bitcoin network holds and transfers a token called Bitcoin. What you are looking for is someone who is willing to sell you Bitcoin in exchange for some of the fiat currency in your bank account. This is fundamentally different than transferring money from a bank account to a bitcoin address. What you need is an ...


1

There is no way currently to transfer bitcoins quickly and cheaply between wallets. You need to pay the fee necessary to get your transaction on the blockchain in the timeframe you're comfortable with. In the near future, the Lightning Network (LN) will allow you to do this. Once you have a LN channel open, you can send to anyone (including an exchange) ...


1

Absolutely! Bitcoin can be transferred peer to peer, to anyone over the net. Now, you should note that: Bitcoin is very volatile. Bitcoin is very congested and slow these days, using litecoin or ethereum may be a better pick at the moment. Also too, you will need to make sure your oversea customers will accept bitcoin payments. Some countries do not have ...


1

If you were talking about Fake Bitcoin Transactions, The best way to avoid any type of that is Waiting at least for 6 confirmations I've read many articles about that, and the final answer is waiting for six bitcoin network confirmations. You can read more about irreversible_Transactions.


1

You can't transfer bitcoin to a bank account unless you live in a dursdiciton that recognises bitcoin as a legal payment, like Japan. So you must find someone willing to exchange fiat currency with you, then you deposit that fiat currency into your bank. Exchanges are one way, selling directly to another party is another. Note: Exchanges often have ...


1

According to https://legal-or-not.com/bitcoin/egypt-bitcoin-status/, Bitcoin is legal in Egypt. On the wiki for list of countries on stances on bitcoin, Egypt is not listed. In 2016, an Egyptian dentist was arrested for trading bitcoins for USD. Note, he was not trading bitcoins but rather exchanging them for USD. He was arrested for scamming, money ...


1

Google Wallet does not support bitcoin. You could send him PayPal and then he could use https://xcoins.io to convert into Bitcoin. Or you could purchase Bitcoin with Paypal from https://xcoins.io and then send the Bitcoin you purchased to his Bitcoin wallet address. Another option if you're not in a rush is to use https://coinbase.com but buys are not ...


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