Here I describe how you can use Bitcoin to move money from one country to the next, how you can buy Bitcoin in countries with restricted exchanges, and how you can make a living with Bitcoin.
If you’re looking for a Chinese Bitcoin exchange, you’re going to have a bad time, most of them are closed. Does that mean it’s impossible to change CNY to BTC, or BTC to CNY? No. You can use a P2P cryptocurrency network like LocalBitcoins.
After I learned how to buy Bitcoin while living in China, my life was made much easier because I learned how to move my money abroad quickly. I never had to spend an entire day waiting at the bank again.
For that purpose, I created this guide on how to Buy Bitcoin in China. It’s one of my best posts.
I also looked for other ways that I could earn the cryptocurrency. I created this guide on Earning Bitcoin.
Buy Bitcoin in China in 5 Steps: Choose a Payment MethodRegister at PaxfulChoose a Bitcoin SellerSend a Bitcoin Trade RequestMake a PaymentCheck Your Bitcoin Wallet 1. Choose a Payment MethodCan I buy Bitcoins in China with CNY? Yes, you can. First, you need to have a way to pay electronically for the Bitcoins, be it bank transfer, […]
Buying Bitcoin in China: A Step by Step Guide for 2023 Read More »
From what I’ve been told, China lacks options for the general population to safely invest. This is why so many people buy property as an investment. This has a negative impact on China’s housing market, inflating prices to an intense degree. Young Chinese newlyweds would never be able to afford housing if not for the
Why is Bitcoin Popular in China? Read More »
In past articles, I’ve written about how the legal status of Bitcoin has been a bit of a gray area. It’s been challenging to get a straight answer on the legality of owning and transferring Bitcoin. Even Chinese Law Experts I’ve talked to seem confused. As someone that has bought Bitcoin from other individuals, I’ve occasionally
Shenzhen Court Rules: Owning Bitcoin in China is LEGAL Read More »
Ever wanted to Mine Bitcoin in China? Table of Contents China’s Crackdown on MiningHow China Supports the Mining EcosystemInterview with a Miner in China As a possible entrepreneurial endeavor, I’ve often wondered about the viability of independent crypto-mining in a country like China. After all, the cheap electricity in the region might make for some
Can You Mine Bitcoin in China? Read More »
Is Bitcoin Illegal in China?There is a lot of confusion surrounding Bitcoin in China and whether the cryptocurrency is banned or not. Let’s just say, “Yes. It’s banned.” But maybe that assertion doesn’t make sense. The internet still works there, more or less. Isn’t China where a majority of the Bitcoins in the world are mined? And how
Is Bitcoin Banned in China? Read More »
If you want to create easy income streams, learn how to earn Bitcoin. When I first started buying Bitcoin, the price was at about $700 a coin. Now it’s over $1,200. Buying and holding, I essentially made money sitting on my ass. So this must be what it feels like to make a worthwhile investment.
