r/Bitcoin•
rory2013

Opening a bitcoin local exchange or machine?

Ok guys. Country is Ukraine. Theres no one active here any longer since before the revolution. Local currency is shit honestly and fluctuates easily.

Only local trader is in small city and nothing here in the capital. Im not Ukrainian, I'm a US citizen, I just work here in Ukraine.

Im thinking I can open a bank account in EU country (have one in Poland but cant find company to direct transfer to bank accounts there), purchase bitcoins locally or sell and cash out my bitcoins to whatever country I open the bank account in.

Money transfer services are big here but pricing is no joke. For example if someone sent me a monegram from US it would charge them $10-15. For me to send one back to US from here its impossible (law doesnt allow non citizen to send money) but if I got a local to do it, the price even to send $200 was $65 USD.

(BTW I did contact the company that previously was open here before the revolution and they stated the demand was there but they had a hard time purchasing bitcoin to here. Im thinking since I can come and go easily to setup bank accounts it should be a problem if I have reliable companies to purchase from.

Anyone have any suggestions?

Posted Sep 16, 2015, 7:11 AM UTC

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