How do vendors and markets launder bitcoins into "real" money?


Comments


[14 Points] Jnew777:

Nice try Verto


[9 Points] noseybast:

Download a heavy duty wallet like armory onto a usb, fly to Rwanda and sell it f2f to Kony or a similar warlord type, like that Blackie Chan out of casino royale


[5 Points] Hank_Vendor:

We sell the bitcoins.... duh


[4 Points] mwthink:

Set up a website hosting company, set up fake clients. Pay yourself, pay taxes like any other web host.

Negligible startup costs, zero inventory products, easy to do.


[3 Points] iphone4always1x:

LBC and fake IDs


[3 Points] Vendor_BBMC:

There are people with cash who want bitcoin. I usually swap with them.

Later, I swap drugs for bitcoin with people who have bitcoin but want drugs. I have a feeling its the same people.


[1 Points] None:

M A G I C