Buying large amounts of bitcoin question

I am wondering how to conspicuously buy about $20,000 of bitcoin a week. I currently use cash deposit but I only see max about $3000 per person per day. I know about the $10,000 deposit flag so I would probably space it out to two payments but how could I go about buying that?


Comments


[7 Points] This_Is_That_Moment:

Just do it as you normally would. Surely that will be conspicuous enough.


[2 Points] TheGateKeepah:

Anything ranging from 8-10K, flying in and out on a regular basis, can get you flagged. Especially if you don't have a legitimate way of explaining the origin of those funds.


[1 Points] jaspmf:

Localbitcoins, couldn't you just buy a few thousand at a time from various local sellers. Granted that's annoying and probably takes a few hours.

Could possibly hire someone you trust to run around and do the work for you.


[1 Points] Dabblin:

Pay trusted friends to make withdraws, just transfer coin to them and let them cash out for a fee of like 200 bucks or whatever.


[1 Points] None:

OP, they can still detect your buys if they are less than 10k. It is called "structuring" and it is what Rep. Hastert is charged with.

I would look into something like buying gold with cash and btc with the gold.


[-9 Points] Drugaddicatedanimal:

Don't do anyting more than 10K with anyone, that's red flag. Structuring applies to all monetary transfers, send $9900, then wait one week and send $9900, repeat until you send what you need. Anthing that exceeding 10K sets off all kinds of bells and whistles. Becareful, structuring seems to be one of the easiest way to get caught in the btc game.