Cashing out?

How do the other vendors cash out? Im a bit concerned about getting money from my DNM dealings without attracting LE attention. I of course tumble all of my coins and obfuscate the fuck out of them, so that i have "never" received money from a "DNM" and have "never" sent money to a "DNM". I know how to launder money, but why has my "legitimate business" suddenly received a lot of customers that for some reason prefer to pay with "bitcoins"? Kind of odd isnt it?

Also: I have noticed a clearnet site that allows you to buy giftcards for practically any big corporation including walmart. But you cant really pay rent to an independant landlord with a gift card can you? Has anyone bought money orders from walmart with gift cards? It seems a little too easy.

Sorry, I've just always been incredibly fucking paranoid. I thank /r/darknetmarkets for actually having people more paranoid than myself.... But hey, it leads to kickass stealth packs....


Comments


[7 Points] None:

If you're pulling in less than 10BTC a day, I don't think it really matters. Sell them for cash on LBC or Mycelium or privately, set up a webshop and payout to yourself (not by itself but one method of obfuscation), use BTC prepaid cards, buy clean PayPal / ACH transfers to drop accounts, etc.. etc.

You can buy gold and shit with BTC too. That opens up potential with currency arbitrage and such.

I'm bored.


[3 Points] None:

This is asked every couple of weeks. Unfortunately, nobody ever gives any useful answers because the people that actually know how to cash out btc don't want others knowing their methods. Sorry, I would help you if I could but I don't really know how either. I mean, I guess you could set up a localbitcoins account but you would have to have a way to explain where the btc are coming from.


[1 Points] HappySodomy:

How I would do it is with localbtc, mail order cash only. It'd take forever but people would bite.


[1 Points] None:

[deleted]


[1 Points] None:

I will say this - buy your gift cards (make sure you purchase physical gift cards, not the electronic kind) using bitcoin then turn around and sell those unused gift cards for cash here.

I almost always buy either physical Walmart gift cards or physical Whole Foods gift cards as CardPool takes the least percentage off of those in order to pay you.

For example, if I turn in two $50 Whole Foods gift cards I will receive a check from CardPool for $87.50 in about two weeks time. The percentage taken is even less from Walmart, I think as low as 8%.

The nice thing about doing it this way, you can have CardPool mail the check to anyone you want, no proof of who is mailing in the physical cards is required. Also, you have a legitimate physical check...I imagine if you were to deposit specific amounts and cash out at regular intervals, someone not paying a whole lot of attention would just assume you were an employee at CardPool and you chose a paper check over direct deposit.

Just a thought.


[0 Points] GreenSnapper2120:

Go check our /r/TheBarbarians. There is a lot of people who buy large amounts of XanaX that have to buy it with btc. Try to see if u can set up something with people like that. I've seen AlexSosa1kg talking to people on here about selling them his btc at current market rate


[0 Points] GreenSnapper2120:

N I'm pretty sure that u can't purchase money orders with anything but cash/debit. I tried a credit card b4 n they shut me down


[0 Points] darknetpotter:

Obvious answer is sell somewhere like LBC for cash. Then you have lots of cash, and you can deposit small amounts in a bank account and spend in cash. Whether you need to do anything more than that depends really how much you're making.


[0 Points] The_Madhouse:

There's no law that you need to cash the coins out in the US or that you need your money in a US bank account. If it's in a bank than does it really matter where it is? The US banking system is to regulated to ever feasibly inject a large amount of extra income without raising some flags


[0 Points] SecondWarning:

I've seen cashout methods on Agora, MEM, etc. Essentially, buy a cash listing. Sure, you'll get shafted and it might be sketchy, but where else can you get cold hard cash for BTC?


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