All of my local listings for purchase are limited to around $500 and the amount I'm looking to purchase would raise flags if deposited into a bank. What are my options?
Bulk BTC?
All of my local listings for purchase are limited to around $500 and the amount I'm looking to purchase would raise flags if deposited into a bank. What are my options?
[2 Points] None:
[1 Points] vinzvinz:
Purchase gradually
[1 Points] Duke____Silver:
If you have an android phone, try and use mycelium local trader.
[-2 Points] HolySmokeS472:
localbitcoins.com
Join your city's bitcoin "meetup" group if there is one.
I sell them above board (none of my BTC selling on LBC is related to DNM) and am part of a group that buys in various manners and resells local for profit. None of us will sell to new buyers for more than $500, but we often have five figure clients after establishing relationships. Sellers run risks buyers don't, as there are tax consequences and potential issues with financial regulations. We generally don't give one crap why people want to buy BTC (remember, it's completely legal) but we do have to mind that large sums of money and cryptocurrencies makes it so we can't KNOWINGLY sell to anyone we suspect is doing anything illegal. It's far more complicated than simply setting up trades.
The thing with BTC and DNM is there will always be people looking for both buyers and sellers of large amounts. It just takes time to find each other and develop trust enough to start working together.
I'm confused about one thing you wrote though - you are wanting to buy bitcoin, not sell, so what is being deposited to your bank to raise flags? Also, what $USD are you looking for? I may be able to give you a few suggestions on how to approach it.