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3 votes

Does it make sense to use BitCoin to transfer money to yourself internationally?

To make an international money transfer using bitcoins you need to figure out 2 things: 1. How to convert FIAT to BTC and 2. How to convert BTC to FIAT. FIAT to BTC Open an account on your local ...
Tamir's user avatar
  • 61
2 votes

bitcoin core problem payment

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 ...
RedGrittyBrick's user avatar
1 vote
Accepted

How do i cash the money from my NiceHash account to Paypal or European Bank account?

From https://www.nicehash.com/help/how-can-you-use-earned-bitcoins: Once you receive your payments in your personal wallet, you can: transfer Bitcoins to Bitwala and pay your bills in EUR ...
TorstenS's user avatar
  • 184
1 vote

Tax implications of bitcoin income

The idea is to sell the bitcoins in India and wire him back the money from the sales proceeds in India. Translate: The idea is that he commits tax fraud because he will not report the sale as ...
TomTom's user avatar
  • 177
1 vote

Can I use Bitcoin to send money from a US bank to an Indonesian bank?

Bitcoin is not well integrated with the legacy banking system. What you want to do would therefore go somewhat like this: Open an account with a Bitcoin exchange (A) that takes US customers. (...
Murch's user avatar
  • 76k
1 vote

Can I easily use Bitcoin as a inexpensive way to transfer my money into another currency?

I have done this successfully in the past, just like you for USD to EUR. You'll pay probably pay around 0.5% to move USD into Bitcoin, then another 0.5% to move them to Euro. In any case, you should ...
Murch's user avatar
  • 76k
1 vote

BTC-e international wire transfer in USD from Russia

I contacted another bank and was reassured that any wire transfer from a Russian resident to any person or company could be made without supporting documents if it is under 5000 USD or equivalent. As ...
MuchHelping's user avatar

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