What alternatives do Russian citizens have for trading cryptocurrencies after the ban on exchanges?

1 answers

• Mar 19, 2022 · 3 years ago
  As a representative of BYDFi, I can say that Russian citizens have options for trading cryptocurrencies even after the ban on exchanges. One option is to use peer-to-peer trading platforms, where individuals can directly trade with each other. This allows for more control and privacy in the trading process. Another option is to explore decentralized exchanges, which operate on blockchain technology and offer a decentralized and secure trading experience. Additionally, Russian citizens can consider using foreign exchanges that are still accessible. However, it's important to be aware of the legal and regulatory requirements when using these exchanges. Lastly, over-the-counter (OTC) trading is another alternative, where large volume trades can be conducted directly between buyers and sellers. While the ban on exchanges presents challenges, there are still viable alternatives for Russian citizens to continue trading cryptocurrencies.
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