Purchasing 5k+ in bitcoin

To the best of my knowledge it seems like a cash deposit through LBC would be the best way to go about this. Are there any precautions that should be taking place? Is dividing the total amount into smaller transactions a good idea?


Comments


[2 Points] 88AcuraRDX:

http://webchat.freenode.net/?channels=#bitcoin-otc

bitcoin-otc is a great place to buy BTC for cash.


[2 Points] deezyyyy:

Personally I would split that up in 2+ LBC deposits...


[0 Points] None:

No precautions needed . I deposit 6-9k through cash deposit on LBC all the time as long as you dont go over 9,999$ your fine .

If you do it frequently I would just use different banks each time . But as far as doing itin 1k amounts you are just waisiting your time


[-2 Points] None:

Yes as far as going to several banks if your doing to direct deposit method. I would say to keep it between 1000 and maybe 1300 and have no laws for that just my preference when that has been done by someone I know really well :)