WhisperWind
Sat Jun 08 2024
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5 answers
892
Is Bitcoin illegal in the UK?｜Cryptocurrency is legal in the UK, but it is not legal tender. Anyone can buy crypto assets from crypto asset providers and store them in digital wallets.
Is it true that Bitcoin is prohibited in the United Kingdom? I've heard conflicting opinions on this matter, and I'm seeking clarification. It's my understanding that cryptocurrencies, including Bitcoin, are indeed permissible within the UK's legal framework. However, they are not considered legal tender, meaning they cannot be used as a means of payment in all instances, right? So, it's permissible for anyone to purchase crypto assets from authorized crypto asset providers and safely store them in digital wallets? Could you please confirm this information for me?
CryptoLegend
Sat Jun 08 2024
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5 answers
992
What is Japan's bitcoin?
Could you please elaborate on the concept of "Japan's bitcoin"? I'm curious to know if it differs from the globally recognized bitcoin in any significant way. Does Japan have any unique regulations or policies surrounding the use and trading of bitcoin? Also, how popular is bitcoin in Japan compared to other countries? I'm interested in understanding the specific context and characteristics of bitcoin in Japan, if there are any. Thank you for your clarification.
InfinityVoyager
Sat Jun 08 2024
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6 answers
676
Can I buy Bitcoin in the UAE?
Could you please elaborate on the process of purchasing Bitcoin in the United Arab Emirates? I'm particularly interested in understanding the legality of such transactions in the region, as well as the available platforms or exchanges that facilitate these purchases. Additionally, I'd like to know if there are any special requirements or restrictions I need to be aware of before making a purchase. Could you also provide some insights into the safety and security measures that should be taken while engaging in cryptocurrency transactions? I appreciate your assistance in this matter.
Stefano
Sat Jun 08 2024
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7 answers
1437
Who got rich off of Bitcoin?
Who exactly got rich from Bitcoin? I've heard stories of early investors making millions, but who are these individuals? Were they just lucky amateurs or did they have a deep understanding of cryptography and blockchain technology? Did any major corporations or hedge funds capitalize on Bitcoin's rise? And how did they manage to time their investments so perfectly? What strategies did they employ to multiply their wealth? Also, are there any notable individuals or entities who initially dismissed Bitcoin but later regretted not investing in it? I'm curious to know the full story behind those who profited significantly from Bitcoin's meteoric rise.
SejongWisdom
Sat Jun 08 2024
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6 answers
1731
How much is the transaction fee for $1000 dollars in Bitcoin?｜Cost Breakdown for $1,000 of Bitcoin Here's how the fees would add up: Retail Fee: Let's consider the higher end of the retail fee range ($4.95) for this calculation. $4.95 per transaction x 2 transactions = $9.90. .Bitcoin Purchase/Conversion Fee: $1,000 x 11% = $110
Could you please clarify the transaction fee structure for a $1000 Bitcoin purchase? I'm trying to understand the breakdown of costs. Would the retail fee be around $4.95 per transaction, assuming we're looking at the higher end of the range? If so, for two transactions, that would be $9.90 in total. And then, for the Bitcoin purchase or conversion fee, would it be 11% of the $1000, resulting in an additional $110? Is this how the fees would accumulate for a $1000 Bitcoin transaction?
