How are vendors laundering and cashing out their BTC?

I am curious as how vendors are able to launder and cash out extremely large amounts of money on a consistent basis while maintaining Opsec. I assume they tumble the coins first. Then to launder, I suspect they have a small online business front that accepts btc as payment (like Alpraking wrote in his "How to be a successful kingpin guide). Lastly, I assume they sell on LBC, not sure what the safest payment method would be tbh. I purchase btc exclusively through LBC, but nearly every vendor seems to be located outside of the United States. How are they doing it safely? It has to look shady cashing out thousands of dollars worth of btc on a consistent basis.


Comments


[18 Points] DooshNozzzle:

Nice try ;)


[11 Points] RIP_Meth_9000:

The buy more METH & MIDGET hookers.....Bahahahahaaaaa!!!!!!!


[11 Points] ice_cream4breakfast:

Hot dog stand, that's only takes Btc


[7 Points] PokemonGoesResearch:

They don't cash out they just buy other drugs


[7 Points] blueballoo1:

Hire Saul Goodman


[5 Points] pelicanFanLovesDrugs:

1) Alpraking is a bit of a bartard.

2) You're going to be the next Alpraking!


[5 Points] penguinmixer:

Read the criminal complaints against some of the DNM dealers arrested in the last few years if you want to see examples of what NOT to do. Winkle is correct...go from BTC to cash. Lots of large transfers into your bank account is not a good idea. Banks and government agencies have been cooperating for decades to identify suspicious financial activity.


[4 Points] WinklevossThrowaway1:

This has been asked many times. You will not get much good advice here. The people who know the answer to your question are not going to give it away in a public forum or at all. I have quit vending for good and now that BTC has gone up so much I am turning all to cash. I've been vending for a long time so I have a considerable amount to change to cash. LBC in my area has been infiltrated by police. If you do deals for cash and are unlucky enough to run into one of these cops then an immediate investigation begins. They know you are a likely drug dealer. You don't want any of it touching your bank account for obvious reasons. The BTC ATMs in my area will take $1000 per day and there are several that I work with. Some are in coffee houses and you can meet the guy who operates the ATM. If you develop a relationship with them they will take much more than $1000 per day no questions asked. Expect to get raped by the fees. Your area may have different rules than here. Some say buy gold and sell it to pawn shops but that also carries some risk of being identified when buying gold. Good luck and be very careful.

More: Don't try to launder it and put it in the bank. Live on the cash and bank all your legit income. The problem with (lots of) cash though is they change the banknotes every few years and it looks strange to use money that is old. Yet another problem.


[2 Points] someone-who-is-me:

There's a bar near me that takes btc. How many beers you think they pour down the drain every night?


[2 Points] Squidman656:

Buy more drugs with BTC, sell them IRL, hide money under mattress


[1 Points] jaydee0007:

They sell them to me. For cash.


[1 Points] crookedsystem:

  1. join tansnational criminal org
  2. frame a smart international tax guy for something that will make him unemployable
  3. employ him
  4. >??????
  5. dont do any of this shit but go read a bunch of books on money laundering until you get the right idea.


[1 Points] mymuse100:

think WoW gold not the correct answer but...