Johnaudi wrote
arithma wroteFWIW: Audi doesn't accept transfers from Bitcoin exchanges
Just use Skrill...
Do you use it regularly to buy Bitcoin?
I use Payeer, I buy bitcoin from there and then transfer it to Bittrex exchange.
I forgot to add that the whole process takes up a big aount of fee, let's say you have 600$ in your bank account, you will end up with about 520$ worth of bitcoin once they reach the exchange
arithma wrote Do you use it regularly to buy Bitcoin?
Not buy, but sell. Perhaps it’s as easy to buy though.
22 days later
Hello everyone,

Has any of you (living in Lebanon) managed to get their account verified on etoro? The reason I am asking is that I would like to make sure that it is possible before depositing the minimum amount which is now $1000.

EDIT: I have already uploaded all required docs a long time ago. However, upon contacting customer support, I was told that only once my account is funded and the required docs are uploaded, can the verification process be completed.
Do not use eToro for crypto purchases, they will block you to buy when there’s a long signal and they will block you to sell when they have too many people selling. Plus at points they start taking extra percentages, it happened to a friend of mine who bought 50,000 Ripples on eToro on 0.2$ when it started going up to 1-2$ they started taking a daily fee from him as well as not allowing him to add his position.

It is better to buy real crypto currencies from exchanges such as Bittrex, coinbase etc.

To buy the crypto, several local dealers charge 10-20% extra on current price.
eToro is not an exchange for buying. It is gambling. You can get verified easily by sending a phone bill.
I use it to make a quick cash, but make sure you know this is gambling, you do not own any crypto, you are gambling that a price drops or goes up.
yasamoka wroteYes, but when you're making more bitcoins than what you're spending for power consumption, that's when you start making "free money". The break-even is calculated based on the power efficiency of the hardware in question with respect to the performance it's churning out. Else there wouldn't be that interest in bitcoin mining.
well about money/watt. We have a perk here in Lebanon called "Ishtirak" electricity. Such as you pay the same no matter what you consume. So at least you can pay that bill via bitcoin money, which I am currently trying to do, and looking at the graphs, I'm on the right track : P
13 days later
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The lowest commission and at the price of bittrex you can buy crypto with just an email verification through sibcoin with their iOS/android wallets.
2 months later
FNB didn't allow me to do a bank transfer to bitfinex to buy crypto. Does anyone know any bank here in lebanon that allows that?
Crypto related transactions are forbidden in Lebanon, any bank will stop them.

i once transferred 1000 USD through bank Audi to a friend in France for him to buy me some ethereum, when the teller asked me why was it for, i mentioned that my friend will buy me bitcoin. He had no clue what it was so he went to ask his superior, that also had no clue too. after spending one hour explaining to them what bitcoins are, they finally agreed.

Two days later i receive a phone call from bank audi mentioning that crypto related operations are forbbiden by the BDL and that the BDL cancelled / refused my transaction, however bank audi still took the transfer fees.

at the time i sent them a polite email explaining that they were politely stupid for not having one single employee in the bank Audi Verdun branch knowing what cryptocurrency and bitcoins are, and that it was even more stupid that they didn't even know that it was forbidden by the BDL and finally the cherry on the cake was that instead of refunding me the bank transfer fees, they kept them. i then proceed to mention that if their staff were aware of that said regulation from the beginning, they could have told me no and we would all have some extra time on our hands, and some extra money on my side.


They politely apologised and refunded me the transfer fees.
That is odd, as far as I remember they made purchasing goods with cryptocurrency illigal, not their investment/transactions. They are keeping the Lebanese consumer safe that way.
Note: if your friend bought any crypto in France the authorities will knock his door forcing him to sign crypto investment tax papers which takes away around a quite high percentage on his cash outs.
i'm not sure of any laws regarding crypto in France, except that coinbase had to disclose to the Authorities any wallet with a value superior to 10 000 at some point last year.

to give you some context, this story happened to me last summer
a month later
a month later
anyone successfully withdrawing fiat from exchanges to Lebanon?