Friday, 11 January 2019

Advice on taking bitcoin out of a less-and-less friendly country

My country is slowly but surely going down the drain, (some say it has less than 5 years).

I am slowly purchasing some bitcoins, it has an advantage that, as my own currency is slowly crashing, Bitcoins can be converted to EUR/GBP or USD.

But, if I have to leave the country, I am worried that relying on taking a flash drive with me might be a bit risky, (what if I loose it, what if it get stolen, what if it gets damaged, and so on...).

What I was thinking is, just before departure, transferring all my coins to a US/EU friendly exchange and withdraw the fund while on the other side.

But some might argue that having fund in an exchange is just as risky.

I could also get in trouble with the exchange, (they might ask why I am now withdrawing fund in another country than the one I registered).

Any suggestions on the best/safest way of taking a wallet from one country to another without running the risk of loosing the wallet?

submitted by /u/GoodmanSimon
[link] [comments]

No comments:

Post a Comment