Can I use bitcoin without a bank account?

Discussion in 'General Bitcoin Gambling Discussion' started by NKOTB, Jan 18, 2017.

  1. NKOTB

    NKOTB Member

    So I recently moved to a new country and I don't have a bank account yet in order to make deposits and withdrawals from an exchange. Does this mean I can't use bitcoin for gambling? Are there any other ways for me to cashout my bitcoin winnings for fiat currency and to buy BTC without having a bank account?
     
  2. Humble Servant

    Humble Servant Active Member Staff Member

    Yes of course. Obviously you can buy bitcoin from BTM machines is most major cities but prepare to pay anywhere from 5% to 15% commission.

    You can also use services like Paxful or Localbitcoins that will hook you up with people in your locality who want to buy or sell BTC. You can opt to deposit the money into their bank accounts, use paypal or meet them in person.

    Once easy way to start spending your BTC is to get a bitcoin debit card, which can be acquired from major wallets like BitPay, Coinbase, Xapo, BTCC and many more. You can then withdraw your bitcoin at any ATM or use it to make purchases like a regular debit card.
     
  3. SuckIt

    SuckIt Member

    Some countries like Mexico and Australia allow you to buy bitcoin in most convenience stores. If stores already have systems in place that allow customers to buy phone credit or pay bills then it's pretty easy to add bitcoin to the mix also.
     
  4. 2damoon

    2damoon Member

    Both Neteller and Skrill accept bitcoin deposits these days but not btc withdrawals.
     
  5. Humble Servant

    Humble Servant Active Member Staff Member

    Yes, but unfortunately if you deposit bitcoin at Skrill or Neteller, you cannot use the fund to make purchases online or you can't withdraw at an ATM so it's kind of pointless.
     
  6. Freddy

    Freddy Member

    I wish you could buy bitcoin scratchcards. You purchase a $10 card which contains $9.50 worth of BTC. You simply scratch the card to reveal the private key that you swipe.
     
  7. Humble Servant

    Humble Servant Active Member Staff Member

  8. Kaboom

    Kaboom Member

    is it possible to buy bitcoin in the same way that you can buy itunes and hulu vouchers?
     
  9. Humble Servant

    Humble Servant Active Member Staff Member

    I personally haven't seen any of these types of vouchers in department stores but it's surely only a matter of time.

    It's worth noting that you can now buy bitcoin using the Square Cash App in the United States using a debit card.
     
  10. While I was on vacation in Mexico I bought some bitcoin in the local convenience store using these guys service. Super easy to use although you may need to speak some Spanish depending on where you are in Mexico. No KYC either, awesome!

     
  11. Umair

    Umair Member

    it's becoming increasing hard to buy bitcoin with a credit card. coinbase have revealed that Chase, Bank of America, Citi and Capital One have now all blocked the purchasing of BTC with their credit cards.

     
  12. Humble Servant

    Humble Servant Active Member Staff Member

  13. Humble Servant

    Humble Servant Active Member Staff Member

  14. Fatboy

    Fatboy Member

    a new service called azteco will allow you to buy bitcoin in the same way that you buy phone credit. https://azte.co/
     
  15. PokerGod

    PokerGod Member

    being able to buy bitcoin without any kyc sounds too good to be true. will it be available in the united states?
     
  16. Lance

    Lance Member

    Even if azetco don't launch in the USA, someone else will. It's inevitable.
     

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