How to cash out huge amount of btc??

I have always wondered how can vendors with hundreds of bitcoins manage to transform it in legal money to spend? I have thought about selling it on localbitcoins but such huge amounts would be suspicious... it is like money-laundering but using bitcoins

who wouls be so kind to list me some methods? thanks for those who will answer


Comments


[10 Points] tfw_gay:

Anyone with a method worth using wont be sharing it on public forums.


[7 Points] None:

don't. works for me. I've never cashed out more than a grand at a time. you know why? i can buy almost anything i need with btc. Gyft.com


[3 Points] None:


[3 Points] 180K:

My answer is always, grow the bitcoin economy, get your suppliers and customers to use it. BTC doesn't all have to be dark.


[2 Points] pm_me_thick_girlz:

Well you can tumble the coins, and then cash them out in any manner that the bank/irs won't notice.

There are also many vendors on the markets that will fedex you cash for btc (which in and of itself isn't illegal, as long as it's only a few grand at a time, so no worries about seizures).


[2 Points] None:

[deleted]


[1 Points] DNM-Accountant:

You can turn your BTC into fiat slowly and then either spend the cash or launder it through a business.

Some people will set up businesses accepting BTC so they can cash out the BTC completely legal.

It is all about being creative and smart about it and think of new ways while staying under the radar.


[1 Points] ProveNW:

Fly to different, more metropolis city, LBC it up, bam, profit.