Question for Vendors

This is a question for a vendor or just someone smarter than me maby. What method do vendors use to exchange there bitcoins for actual money. I have been thinking about this lately and im really stumped. I would assume they do not use one of the large bitcoin exchanges because everything would be going threw the bank and the IRS would be all over that. I was thinking they would use bank deposits or money orders for it on websites like paxful but recently learned that you have to register with some goverment agenies to even do that legally. But if you where doing it illegally on a large level the government would still probly catch on and you would be fucked. Sorry if this is a dumb question ive googled the shit out of it and come up with nothing.


Comments


[5 Points] Lusad:

Turning BTC into real money isn't difficult. Localbitcoins, purse.io (to buy stuff), and other websites help out with this.

The real issue is turning that money into spendable money. To do this, we must launder. We can spend the money we get from vending on a $10,000 TV and nobody will care, but we can't go and buy a $10,000 car. We also can't buy a house or pay our apartment. Government will start asking questions that we won't have an answer for. So, we must launder. If you want to learn more I'd recommend Google.


[3 Points] thatskank:

I thought the default response to things threads like these was,

"NT LE!"

;)


[0 Points] berneraccount:

LBC / Laundering through various websites (botnets buying ebooks, downloadable items, tutorials for various softwares, etc.)