Bitcoin has finally hit the bull run after one and half years of low. No wonder, smart investors and traders around are looking forward to invest and trade in the wonder coin. But, you can’t ignore the fact that several countries are yet to legalize Bitcoin. Do you belong to one such country where Bitcoin is not deemed as a “legal” entity? Well, that’s unfortunate- but don’t worry all your cards are not lost. Put simply, you do have opportunities to invest and trade in Bitcoin even if the coin is not legal in your nation. How? Much to your convenience, here is a brief on how to buy and trade BTC even if it is not legal in your country.
Go for P2P purchase
If you have done your research on Bitcoin you already know it is a decentralized P2P virtual cash system. It means P2P BTC buying and selling is readily accepted in the Bitcoin scene. So, you can count on the P2P method here even if your country is yet to legalize Bitcoin. The process is really simple. All you have to do is purchase USDT from a P2P seller. Then, you can convert the purchased USDT amount into BTC or any other crypto coin. There are several Bitcoin exchanges that accept fiat money. So, you will deposit the purchased USDT amount there and get your Bitcoin.
Given the rising popularity of Bitcoin, many local exchanges are being created even in those nations that have not legalized Bitcoin. These exchanges especially cater to the residents of respective nations.
Opt for Bitcoin trading apps
Bitcoin trading apps are a relatively newer development in comparison to Bitcoin crypto exchanges. One of the best aspects about these apps, such as Bitcoin Profit, is that they allow traders from any country. And that includes interested traders even from those countries which have not legalized Bitcoin yet.