Chinese variant bitcoin
are bitcoin marketplaces for peer-to-peer bitcoin trading. Unlike with traditional bitcoin exchanges, where all buyers need to send money to the exchange first (and the payment process might involve international money transfer at P2P marketplaces, the buyer pays the seller directly using a payment method the seller is happy with, for example. In the beginning of June 2017, Chinas large bitcoin exchanges started to allow bitcoin withdraw again with some new restrictions on bitcoin withdraw amount. You decide to buy from that guy and you send money to him using Alipay (or using WeChat, bank transfer, or even cash). However, people have found some other ways to buy bitcoins in China.
Btcc is China 's second largest Bitcoin exchange and the longest-running Bitcoin exchange in the. Buying bitcoins in China is no longer easy after all bitcoin exchanges were shut down in 2017. However, in late 2017, all bitcoin exchanges in China were banned from cryptocurrency trading. Topic: Chinese Bitcoin exchanges (Read 976 times).
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How to Buy Bitcoins in China Under the Current Situation? Once your payment has been verified by the exchange, the sellers bitcoins will be transferred to you. Views, last post 0 Members and 26 Guests are viewing this board. Our vendors require picture of receipt before they can give you bitcoin. Upload pictures of the back of the card scratched off and the receipt. In this way, you can bypass the USD 50K limit. You might have heard that there are a large number of bitcoin miners in China, and the bitcoin trading volume used to be very high in China (before Chinese bitcoin exchanges were banned from bitcoin trading). There is a USD 50,000 per year limit for anybody in China to send money overseas without the governments approval. As a result, you could still buy/sell bitcoins using RMB in China and you could still deposit RMB and withdraw RMB, but you could no longer move your bitcoins to another bitcoin account (for example, your bitcoin account at an overseas bitcoin exchange). .
If you dont have the patient to read through the whole article, heres the shortcut: Currently the best way to buy bitcoins in China is using peer-to-peer marketplaces or OTC (over-the-counter) bitcoin exchanges such. Many people in China want to transfer money out of China for different reasons. Before the late 2017 bitcoin exchange shutdown, there were some big bitcoin exchanges in China where you can sign up and trade cryptocurrencies.