Silk Road forums
Discussion => Silk Road discussion => Topic started by: thekid on February 21, 2013, 06:59 am
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what do i have to do? i looked on the road and it says use a new acount if you bought stuff on here already so id do that. but what else is to it? a few people have asked me to jump on board with the deals i can get so time to start lookin.
also if anyone knows how to cash coins in for money?
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I think theres a link at the bottom of the page like "become a vendor" then you have to agree to something and then you gotta pay SR, dont know how much though, anyone know?
u cash out by using btc->cash/gold if you want to be anon, otherwise funnel it into your bank account and tell the feds u got it from btc speculation (and pay capital gains tax on it).
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You can deposit BTC into a bitfloor account, use it to buy USD, and withdraw into a checking account. You lose anonymity when you do that, obviously.
If we're talking many thousands of dollars, I'd go through a vendor and buy anonymous VCCs. Usually, they can be loaded with up to around $4k US, and a good vendor can get you as many as you want. For a fee, he can pre-load them. That's untraceable, and very spendable.
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i think your right about the 500. just trying to find out if you gotta pay now and if they also take a cut of what you sell?
im thinking of also sellin them on a website
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You can deposit BTC into a bitfloor account, use it to buy USD, and withdraw into a checking account. You lose anonymity when you do that, obviously.
If we're talking many thousands of dollars, I'd go through a vendor and buy anonymous VCCs. Usually, they can be loaded with up to around $4k US, and a good vendor can get you as many as you want. For a fee, he can pre-load them. That's untraceable, and very spendable.
Yeah but how do you get the cash out? Or can you only use it for online purchases?
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Yes you pay the 500 dollar bond up front. Yes they take a percentage of all sales.
You have much to learn
Start here;
http://dkn255hz262ypmii.onion/wiki/index.php?title=Seller%27s_Guide
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You can deposit BTC into a bitfloor account, use it to buy USD, and withdraw into a checking account. You lose anonymity when you do that, obviously.
If we're talking many thousands of dollars, I'd go through a vendor and buy anonymous VCCs. Usually, they can be loaded with up to around $4k US, and a good vendor can get you as many as you want. For a fee, he can pre-load them. That's untraceable, and very spendable.
Yeah but how do you get the cash out? Or can you only use it for online purchases?
Not a vendor, but i imagine a few ways. Use a few btc exhanges(don't cash out all through one, that's retarded), sell coins to people locally through websites that help you find interested buyers using something like localbitcoins.com, or find methods of getting cash with btc prepaid credit cards, or moneypaks. You can even exchange it for other online currencies and cash out through those. It's money/stock man, just barter.
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eather i transfer them to a few online wallets and send them through the randomizers. and send them to another road account and then to the wallets. or sell them on a exchange site. or website like amazon?
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eather i transfer them to a few online wallets and send them through the randomizers. and send them to another road account and then to the wallets. or sell them on a exchange site. or website like amazon?
Yes of course use randomizers, and yes split your balance between a few sources. This is literally digital money laundering, the whole goal is obfuscation. If it looks like it's coming from multiple places you have deniability
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Yeah but how do you get the cash out? Or can you only use it for online purchases?
With VCCs there is usually a fee for ATM withdrawals. But, look. If you even have this problem it's because you're selling drugs. Or you're cashing out stolen credit card dumps. Or you're making money from any number of illegal ways. ATM fees? Fucking transaction percentages? Are you kidding me? You're just trying to get the most back out you can without getting caught.
"Cashing out" is the holy grail of this kind of thing. He who does it best keeps the most. But, the idea is not to get caught.
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Buy gold with BTCs, sell the gold for cash.
Use a local exchange such as localbitcoins
Nobdy here is going to give up there exact method for cashing out, Each vendor uses a slightly different method.
Start selling and making some coins, then worry about this.
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Yeah but how do you get the cash out? Or can you only use it for online purchases?
With VCCs there is usually a fee for ATM withdrawals. But, look. If you even have this problem it's because you're selling drugs. Or you're cashing out stolen credit card dumps. Or you're making money from any number of illegal ways. ATM fees? Fucking transaction percentages? Are you kidding me? You're just trying to get the most back out you can without getting caught.
"Cashing out" is the holy grail of this kind of thing. He who does it best keeps the most. But, the idea is not to get caught.
Exactly, I'm trying to be purposefully vague while helpful. I don't even know of specific methods, but i want to give as good an outline as i can. Hope it was helpful to some of you
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Nobdy here is going to give up there exact method for cashing out, Each vendor uses a slightly different method.
Exactly. The VCC thing works, but it's also on half the wikis there on on this stuff. What I use works for me, but I'm afraid that if I post it, I'll kill it.
Find your own path, young grasshopper.
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well thers a few optins sell them online like amazon/ sell them on bitstamp. transfer to another online wallet and send them to another for 1.5% fee i belive then to the bank.
but now heres another question guys. how much does the road take for selling on there they charge 500 just to sign up till you prove you are a asset on there and they will refund you your money.
also when every order is placed and everyone finalizes will i be abble to pull all the funds how does that work because on the sellers page i seen cash advance but dont get that part..
thank you sleepyeyes for helping!
http://dkn255hz262ypmii.onion/wiki/index.php?title=Seller%27s_Guide