How foreigners buy bitcoin
warm tips:
1. According to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by monetary authorities, does not have monetary attributes such as legal compensation and compulsion, is not a real currency, does not have the same legal status as currency, and cannot and should not be used as currency in the market, Citizens' investment and transaction of virtual currency are not protected by law
2. Before investing, it is recommended that you first understand the risks existing in the project, and clearly understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market
3. The above explanation is for reference only. Investors should not use such information to replace their independent judgment or make decisions only based on such information, which does not constitute any investment operation
response time: February 5, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
in fact, buying bitcoin in the United States and selling it in China is a very simple process: first, you buy it on the U.S. trading platform or through other ways, and then transfer it to your own wallet, which can be an online wallet or a client-side wallet, When you recharge the bitcoin in your bitcoin wallet to the domestic bitcoin trading platform, you can cash out. It is not recommended to transfer the bitcoin directly from the wallet of foreign trading platform to the wallet of domestic trading platform, because it may not arrive at the account
this has existed in China for a long time, commonly known as moving bricks, because before Mentougou closed down, the price of external market was generally lower than that in China, and moving bricks arbitrage was the favorite of many bitcoin speculators
of course, bitcoin mining is also carried forward in China. Bitcoin has boosted the price and computing power of bitcoin. From the first generation of pumpkin Zhang Avalon miner to the present generation of Avalon 3 miner, the miner instry is booming in China.
Remit money by drawing a draft
according to the requirements of the remitter, let the bank draw a bank draft to be paid by the bank in the receiving place, and the payee will present the draft to the bank in the receiving place abroad for payment, or entrust the opening bank to collect the money on his behalf
a handling fee of 1 ‰ of the remittance amount is charged for the bill exchange, and if it is in cash, the fee of cash discount exchange is also charged. Compared with ordinary remittance, it saves a sum of postal and telecommunication expenses
bitcoin does not rely on a specific monetary institution. It is generated by a large number of calculations according to a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, And the use of cryptography design to ensure the security of all aspects of money circulation
the decentralized feature and algorithm of P2P can ensure that it is impossible to artificially control the value of bitcoin by mass manufacturing. The design based on cryptography can make bitcoin only be transferred or paid by the real owner
compared with fiat money, bitcoin does not have a centralized issuer, but is generated by the calculation of network nodes, and can circulate all over the world. It can be bought and sold on any computer connected to the Internet, and in the transaction process, Chinese and foreign people cannot identify the user's identity information< br />
warm tips: the above information is for reference only. Before investing, it is suggested that you first understand the risks existing in the project, and understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
the above information does not constitute any investment proposal, and investors should not use such information to replace their independent judgment or make decisions only based on such information, which does not constitute any trading operation
according to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by the monetary authority, does not have the monetary attributes of legal compensation and compulsion, is not a real currency, does not have the same legal status as currency, and cannot and should not be used as currency in the market, Citizens' investment and transaction of virtual currency are not protected by law
response time: January 20, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
don't tell me that you bought bitcoin in MTG
Ordinary people can't buy bitcoin because China has banned it completely
on September 4, 2017, the central bank, together with many ministries and commissions, issued the announcement on preventing the risks of token issuance and financing (hereinafter referred to as the announcement), which pointed out that no organization or indivial may illegally engage in token issuance and financing activities
according to the announcement, all kinds of token issuance and financing activities should be stopped immediately from the date of release. Organizations and indivials that have completed the token issuance and financing should make arrangements such as refund, reasonably protect the rights and interests of investors, and properly handle risks. Relevant departments will seriously investigate and deal with the activities of token issuance and financing that refuse to stop and the illegal behaviors in completed token issuance and financing projects
on September 13, 2017, the China Internet Finance Association issued the "tips on preventing the risks of bitcoin and other so-called" virtual currency ", pointing out that bitcoin trading platform is a tool for money laundering, drug trafficking, smuggling, illegal fund-raising and other illegal criminal activities e to the expanding number of stakeholders and strong speculative atmosphere; There is no legal basis for the establishment of various so-called "currency" trading platforms in China
extended information:
bitcoin itself lacks precious metal support and has no value preservation. Moreover, it is virtual and lacks physical existence. If the trust of the issuer goes bankrupt or is stopped, bitcoin will be worthless
the worry is not just about asset security. Due to the "fast money", a large number of "hot money" may flow in. If the regulatory and control measures fail to keep up, the risk will eventually need to be paid at a high cost, and even lead to financial turmoil
What's more terrible is that when bitcoin becomes a pure "money transfer" tool, its original characteristics of financial innovation will graally disappear, on the contrary, it will become a "gold hole", thus squeezing investment in the real economy, which is obviously contrary to the principle of financial innovation to serve the real economy