7 ms·

I am not sure how easy it is to get money in/out to/of bitcoin from within Russia, at least in New Zealand it is generally a PITA and involves many hoops.

• deleted 13y ago
  [deleted]
• ngpio 13y ago
  At least one major exchange (btc-e) allows deposits/withdrawals in rubles.
  • Pitarou 13y ago
    Roubles? Wouldn't dollars be better?
    • venomsnake 13y ago
      In Russia dollars are not quite useful.
      • ekianjo 13y ago
        I'd think you can exchange dollars everywhere in the world, even in Russia.
        • sliverstorm 13y ago
          That doesn't mean it wouldn't be a pain in the butt, as well as much easier to track.
        • venomsnake 13y ago
          Yes but getting Bitcoin exchange that you can withdraw money from in foreign currency is trickier.
      • qznc 13y ago
        When I was in St Peterburg a few years ago, dollars were welcome. Some said, they even prefer them to rubles.
        • nikcub 13y ago
          the USD was so much more preferred for such a long time, especially as the ruble was losing 10% of its value each month at one point, that the Russians have made settling cash transactions in non-ruble's illegal. They also introduced a plethora of cash import and export laws, since at one point 90%+ of all transactions and 60%+ of GDP was black/grey market cash and in USD. Russia is still a cash heavy economy, now its just ruble's instead of dollars. It means you find it hard to buy or sell rubles outside of Russia, and inside exchanging USD is expensive since the purchaser (edit: exchange businesses) needs to have a license for exchange and a license to hold USD. off course people still use the dollar, but its no longer a case that you have a black market cash exchanger standing on every street corner, or every restaurant and bar etc. accepting USD. It is why more recently some politicians have called on a complete ban on foreign currencies, and a ban on any cash payments for goods over a certain value. The difference between now and 10 years ago for foreigners is that credit cards are more broadly accepted and easy to use, as are ATM's for foreign cards. I wouldn't even bother going through the hoops of dealing with cash or exchanging cash were I visiting.
          • guard-of-terra 13y ago
            "since the purchaser needs to have a license for exchange and a license to hold USD" What do you mean? Residents don't need anything to buy or hold USD, not sure about businesses.
            • nzp 13y ago
              I'm guessing he means the exchange offices have to have a license for doing the exchange business. Not residents or businesses.
      • huhtenberg 13y ago
        They are as useful as any other currency. Converting between currencies ceased to be an issue in Russia about 20 years ago.
    • kome 13y ago
      He lives in Russia.
• menato 13y ago
  In Russia it's quite opposite: btc-e.com provides a number of convenient ways to withdraw fiat money.