Hello dear friends. In this video, I will talk about how to buy and exchange cryptocurrency in China, South America, and Arab countries. There are several ways, including some that are not standard for the average user. However, if you travel to China, South America, or Arab countries for a long time or live in these countries, you should know how to buy Bitcoin in China and other tokens. Let’s start.
How to buy and exchange cryptocurrency in China
The first method is to buy or sell e-money in China using a Binance debit card. If you trade on this exchange, then the card of this exchanger will allow you to exchange digital money in any part of the world, including in China. The second way is to use the Bitkub exchanger, transfer funds to the exchange, exchange crypto for dollars and withdraw them to your account, and then withdraw cards from Visa at any ATM of the People’s Republic of China.
The third method is that China is currently developing its own state cryptocurrency (analogous to the digital yuan). The process has not yet been completed, but in the near future, it will be possible to legally, quickly, and conveniently buy the Yuan stable token and exchange it for other coins. The fourth way is a crypto exchange in China via Alipay and WeChat apps. The fifth way is OTC and P2P platforms for buying BTC and altcoins in China.
How to buy and exchange cryptocurrency in South America
The first way is that you can use any bank card to buy and sell Bitcoin or altcoins in South America. You just need to go to the website of a popular exchange, for example, Binance / Kucoin to buy crypto from a debit card online. The second way is ATM ATMs. For example, in Colombia and Venezuela, there are many ATMs that offer access to Bitcoin, Litecoin, Ethereum, Bitcoin Cash, and many other tokens.
Basically, in many countries of Latin America, be it Argentina, Brazil, Venezuela, Bolivia, and many others, cryptocurrencies are warmly treated. Here you can quickly and easily exchange local fiat money for any token. All of these countries are very positive about the use and exchange of tokens. And even if Bitcoin or other altcoins are not the national currency, they have the right to be considered as money.
How to buy and exchange cryptocurrency in Arab countries
The first way – if you are not a resident or officially do not work in the United Arab Emirates, you will have to use OTC and P2P platforms, for example, Binance, to purchase BTC and altcoins in Dubai or other Arab countries. The second way is through the BitOasis company, for whose services you need to have an online wallet BitOasis application and a UAE resident card.
Also, users of this application will have access to a local crypto exchange for exchanging and trading tokens. The third way is intermediary companies in Arab countries for exchanging digital money online or in special offices. You can easily find them via the Internet and they are ready to exchange fiat money for crypto and vice versa without having a resident card. However, this is not entirely official and you act at your own peril and risk.
The video how to buy and exchange cryptocurrency in China, South America, and Arab countries is coming to the end. I talked about the main ways of exchanging digital money in some countries. However, the simplest and most widely available method remains the Binance OTC and P2P platforms with low fees and speed of execution, so I recommend this method. That’s all until new videos on botcryptotrade.com