[Question] I'm a new vendor having a hard time figuring a way to cashout my BTC. Suggestions?

Hello. I'm a new vendor that just acquired a few BTC selling my stuff. I'm having a hard time figuring a way to cashout my BTC. I thought about buying cash from other vendors on darknets, but I'd like to get to know other options.. I also thought about mixing/tumbling my coins and cashing them out on Bitstamp, but the amount of BTC could raise a red flag.

I've heard about offshore accounts. Like China.

Do you guys have any suggestions?

Thanks in advance.


Comments


[6 Points] None:

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[6 Points] iamjustsomejerk:

BitInstant doesn't exist anymore. the owner got popped for money laundering a while back.

If you have a bank account: create an account on coinbase.com and link it with your bank account. tumble your coins and then send them there. you can sell them for USD on their exchange and then send those funds directly to your bank account.

Cex.io is also now offering usd/btc trading. it's in beta right now, so you'd have to register with them as a beta tester. but it's basically the same deal as coinbase. link you bank account and/or a visa/mastercard which has the ability to receive funds and you can receive USD transfers from them right into your account.

if anybody happens to ask where you're getting the money from, tell them you got it from mining or trading altcoins on cryptsy or whatnot. nobody will question it because people do that legitimately all the damn time.


[5 Points] InfinitelyOutThere:

You have 2 options. Keep them liquid, or turn them into cold, hard cash.

In my opinion, you should tumble and sell (on local bit coins, using multiple vendor accounts) only enough coin to sustain yourself. Enough for rent/mortgage, gas, bills, and pocket change.

The rest you should keep as btc, using gyft to purchase things on amazon (don't have to declare gifts under a cash value of $10,000).

Feel free to PM, I've bought (and sold) a lot of coin.


[3 Points] None:

tumble them , then sell for cash in person on localbitcoins.com


[2 Points] Throwaway_concept:

There are vendors who sell cash for btc. Make a new account, tumble coins, and try there. Or you can tumble and sell on LBC IN PERSON. Don't sell online because it requires dox info.


[2 Points] maniforgotmyname:

I will try the LocalBitcoins approach, might have to wait a little more for the coins to get tumbled. Thanks.


[1 Points] Big_Daddy_Trucknutz:

LocalBitcoins under a pseudonym created through TOR.


[-19 Points] None:

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