OPSEC question - Cashing out BTC as a vendor

This is quickly becoming a problem that I wasn't ready for. I've got a crapload of BTC, and no cash to buy more product.

I know I'm not the first person to have this problem. Can't pay rent with bitcoins yet.

What are the options? I need to sell large-ish amounts regularly. Preferably in person, but I guess cash in the mail would work also. Conversion companies like Coinbase want too much personal information.

I feel really sketchy about localbitcoins for larger transactions. I feel like I'm just asking to get busted that way for all kinds of fun federal crimes.


Comments


[12 Points] Reddit-Makes-Me-Cum:

Cop. Cop. Cop. Cop. Cop. Cop. Cop. Cop. Cop.

Where do some of you guys get your training, the same place Keanu Reeves took acting classes?

You want to catch some money launderers and make a difference? Learn the acronym HSBC.

...or just keep the LE circle jerk, "we caught another 20 year old low level drug offender, yippie!", shit charade going. Those self-congratulatory pats on the back feel good, don't they?

You people are too dumb to ever make a worthwhile contribution to society anyway. Keep doing what you do...which at the end of the day, is absolutely nothing.

You're probably too fucking retarded to even have a clue wtf I am even saying right now.


[7 Points] MakeMeOD:

Runescape gold fam


[6 Points] DumbVendorQuestions:

This is one of those problems you should have worked out before vending. We all have ran into it at one point or another. Almost every answer you're going to get on reddit for a genius cashout idea is almost certain to be shitty, because no one likes to share their good cash out ideas. Its how it works. Use your head. This is the part that takes a good bit of creativity.


[2 Points] bobleeswagatron:

rob a bank


[1 Points] loxsey:

virwox.com


[1 Points] None:

[deleted]


[1 Points] None:

Open an LBC account and do local cash meetups for BTC. Or, you can order bulk MDMA and resell to resellers in your area to further profit from your profits. There are so many ways to cash out.


[0 Points] hilltopbandaids:

There are services online where you are able to deposit bitcoin and it is converted into a bank transfer. Might want to look into that.


[-2 Points] None:

Bullshit