Best way to cashout Bitcoin anonmously, UK?

I have created a throaway account because I am a vendor and this post reveals some details about me that it is better I keep seperate from my main identity.

So I am earning a lot more coin on the DNM's than I know how to safely cash out at the minute, something like £900 GBP a week (I know that is not a lot for some but it is more money than I am used to). I used to cash out by things like bank transfer on Local Bitcoin but that is too risky now I am earning real money. I tried setting up some cash deals but I got a really bad vibe on the phone and didn't go through with it. All the sellers were based in one small area of London (which makes me beleive they are the same group or same person) and sounded really sketchy on the phone and refused to use escrow. I am not doing a cash Bitcoin deal with someone I don't know out of escrow for 3000. And you know when you just get a bad feeling about something? As a criminal I have learn't to trust my gut when I get that feeling.

I used to use Western Union a few years back for amounts under 500 so I didn't have to provide ID but it seems you need to provide ID for all Western Union transactions now.

I looked at those Bitcoin prepaid cards but most of those you have to provide ID for as well.

Does anyone know any good ways of getting Bitcoin in to cash, that are secure, anonymous and not too inconvenient?


Comments


[13 Points] None:

  1. Start a fake LLC
  2. Have a few fake products.
  3. Accept bitcoin
  4. Pay yourself (make sure to make some fake logs and invoices too)
  5. Pay taxes
  6. Cash out

Congrats, you have successfully laundered money.


[7 Points] historical_lunch:

I have just found a method that looks quite good. On LocalBitcoins you can sell bitcoin for Get Cash codes which means you just withdraw cash from an ATM using a code. It is in 'Other Online Payments'. That looks like a good anonymous cashout. I don't think the traders there have a lot to sell though. I will try it out and see how it goes. Has anyone used this method?


[6 Points] NelsonHaaHaaa:

Start a fake, legal business, accept bitcoin as payment, write fake invoices, pay yourself the money for the invoice, pay tax.

I'm aware this isn't easy and a lot of effort. But I guess this could work.


[4 Points] AC5L4T3R:

Been mentioned in other threads, but use a betting website that accepts BitCoin. Load your account, make some small bets, cash out to bank account.


[3 Points] Petrolsniff:

Wow 900 quid a week that's what i get a month!

The betting site idea seems best maybe place some down on a sure 1.30 bet


[2 Points] USAMDM:

Buy gold with bitcoins. Sell the gold back to the same place you bought it from under a different identity.

there is a very good service on the net that is located in colorado, and they buy back gold at top dollar


[2 Points] None:

I'd say your best option is what some of these people have already suggested. Buy gold with BTC. Sell gold to coin shop.


[2 Points] thicks3356:

Start an anonymous bank account in Panama, or some country and use the debit card issued by them. Sell your bit coin and send the profit to that account.


[2 Points] None:

This is in no way helpful, but isn't this something you think of before becoming a vendor? Like isn't fear of being in this EXACT situation what stops most would-be vendors from vending?


[1 Points] lordredvampire:

Cashout via Darknet - I've done this many times.


[1 Points] FagDamager:

you could join some forums and sell it. a few forums I'm on allow people to sell bitcoins. you can get western union, skrill, paypal, amazon gift card etc


[1 Points] btc2cash:

UK Bitcoin to Cash Service NO ID REQUIRED. THE MOST ANONYMOUS AND CONVENIENT WAY TO CASH OUT YOUR BITCOIN. 

YOU JUST WALK UP TO A CASH MACHINE, INPUT THE CODE AND YOU GET CASH.

Bitcoins cashed in multiples of £10 at any RBS/NatWest/Tesco/Ulster ATM, up to maximum of £300.

Min trade £100. Max trade £1000

  1. Initiate a trade with me and I will supply you with a code.

  2. Go to any RBS, Natwest, Ulster or Tesco cash machine.

  3. Press ‘Enter’ at ATM and follow the prompts to 'get cash'. Enter the code and the amount.

  4. Walk off with cash

You can contact me on Kik Btc2cash or Telegram App @btc2cash Please note this is on a first come first served basis. Codes are Refreshed every 24hrs.


[-1 Points] Vendor_BBMC:

The buyers can have their cash stolen. Nobody can steal your bitcoins. Why use escrow?

There are people online selling every kind of gift card. so you can buy one for the supermarket you use and pay for groceries.

You haven't given away any personal information whatsoever.

If you are earning more than you are used to spending, why cash it out? keep it as bitcoin for a rainy day.

However you pay for what you sell, find a way to pay with bitcoin. get friends to buy it, then pay them a premium in bitcoin.

to be honest, I don't know the answer to this. Its a good problem to have.