- 21.01.2020

How to buy bitcoin in china 2020

how to buy bitcoin in china 2020Make a Payment. Popular Exchanges to Buy Bitcoin & Crypto in China · Coinmama Works in almost all countries Highest limits for buying bitcoins with a credit card Reliable and.

However, in lateall bitcoin exchanges in China were banned from cryptocurrency trading. In this article, we will here some alternative methods to buy bitcoins in China under the current situation.

You might have heard that there are a large number of bitcoin miners in China, and the bitcoin how to buy bitcoin in china 2020 volume used to be very high in China before Chinese bitcoin exchanges were banned from bitcoin trading.

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In latethe Chinese government ordered all bitcoin exchange in China to stop cryptocurrency trading. After that, buying bitcoins in China became quite difficult.

How to buy bitcoin in china 2020

If you have been staying in How to buy bitcoin in china 2020 for some time, you must know that getting money out of China is quite difficult. Many people in China want to transfer money out of China for different reasons.

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Then people discovered bitcoins can be used to bypass this restriction. Given the right tool such as a bitcoin walletyou can transfer bitcoins worldwide between two bitcoin accounts anonymously. In this way, you can bypass the USD 50K limit.

How to buy bitcoin in china 2020

As a result, bitcoin exchanges in China were told to temporarily halted bitcoin withdraws. However, around Septemberthe government decided to completely ban cryptocurrency trading at local bitcoin exchanges.

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In earlyChina this web page internet access to all major cryptocurrency exchanges that are operating outside of China.

People in China had to rely on tools such how to buy bitcoin in china 2020 VPNs to visit the blocked exchanges.

How to buy bitcoin in china 2020

As a result, using bitcoin to get money out of China is no longer easy. After all local bitcoin exchanges were shutdown in China, cryptocurrency trading activities declined dramatically in China.

How to buy bitcoin in china 2020

However, people have found some other ways to buy bitcoins in China. For example, you can still buy bitcoins from overseas bitcoin exchanges such as Coinbase, Bitfinex etc. Some people in China choose to trade bitcoins offline face-to-face.

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For example, two people can meet face-to-face. The other person can transfer bitcoins to the first person using a mobile bitcoin wallet.

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This kind of P2P bitcoin exchanges differs from other bitcoins exchanges such as Bitfinex in a number of ways. At a peer-to-peer bitcoin marketplace, sellers can post their offers and the buyer buys bitcoins from the seller directly.

How to buy bitcoin in china 2020

Unlike with traditional bitcoin exchanges, where all click here need to send money to the exchange first and how to buy bitcoin in china 2020 payment process might involve international money transferat P2P marketplaces, the buyer pays the seller directly using a payment method the seller is happy with, for example, bank transfer, Alipay, WeChat, or even face-to-face cash payment.

Visit Localbitcoins For example, if you how to buy bitcoin in china 2020 in Shanghai and you want to buy some bitcoins, you can log on LocalBitcoins where you might find some sellers in China willing to sell some bitcoins and accept Alipay as a payment method.

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You decide to buy from that guy and vertcoin 2020 send how to buy bitcoin in china 2020 to him using Alipay or using WeChat, bank transfer, or even cash.

As you can see, in this way you can trade bitcoins in China without going through complicated account opening and international money transfer as with bitcoin exchanges such as Coinbase and Bitfinex. Also, you might need to be ware of bad guys when doing your trade.

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