Hong Kong. Can’t get cash, Bitcoin isn’t helping

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Kryptous

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This seems like a great use-case for Bitcoin to me:

I can't find a way to get cash at the moment here. I'm just on a tourist visa at the moment, waiting for a better visa to be processed. When that finally gets processed I'll be allowed a local bank account, which means I can withdraw cash.

Cash is required for the transport system here. Unfortunately my debit card was eaten by the ATM the other day so I have to take cash out via a credit card. This is very expensive. Cash is so common here I'm having to pay through the nose while a new card arrives. I have to pay fees also for the debit card on cash anyway.

1) I contacted many used goods sellers asking if they would be happy to accept Bitcoin. They all refused. A shop selling used goods replied that they can accept a credit card… but they charge 3{88c91daedd271a990a10650c05d769cae2765e0603edf30ca95f18704e5748e8} for the privilege.

2) In the population of 7 million here there is 1 person selling cash in exchange for Bitcoin on Local Trader. That person is not replying to messages.

3) Local Bitcoins has a few traders but all except one are wanting bank transfers. Banks will not take a customer here without a local ID card.

4) Even a few Taobao sellers in China have refused to accept Bitcoin. That might have been handy.

5) ANXBTC is based here but they are quite expensive for cash withdrawals and it will take a while to setup I'd imagine.

Any other ideas? I only need around 10,000HKD (1,000USD) to cover buying the things I can only really get with cash over the next (hopefully just) 2 or 3 weeks.

In the end I think I'm going to have to just pay the fees. It totally sucks. There should be a card you can load with cash and then withdraw. I can only assume such a thing gets abused?

submitted by /u/j2598
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Kryptous

Crypto Coins News - Ratings - Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $28566.26 USD  (via Coinbase)
1 ETH = $1800.65 USD  (via Coinbase)
1 LTC = $90.11 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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