Question About How Vendors Deal With Tumbling

As a vendor, can I just send my bitcoins I receive from my sales to another account on a different market (with the intentions of making a purchase). Or is tumbling always necessary despite the fact I am not trying to convert my btc to cash or hold onto it in my actual wallet?

Also do vendors usually use multiple tumblers (helix, bit blender, etc.) when they have large amounts of btc they want to transfer to their personal wallets?


Comments


[1 Points] HollandsHerbs:

Or is tumbling always necessary despite the fact I am not trying to convert my btc to cash

As long as you are not planning to sell your Bitcoins at an exchange there is no need to tumble them.

If you are sending your Bitcoins to your Electrum wallet for example, you won't need to do anything because your Electrum wallet isn't associated with your identity.

Also do vendors usually use multiple tumblers

If you are going to cash out your Bitcoins at an exchange that has KYC, you will need to do something to make sure your Bitcoins aren't easily linked to your darknet adventures.

Every vendor probably has a different way to deal with this. Some might use multiple tumblers like you suggested, some vendors don't care and don't do anything at all, some tumble their coins once and sell them trough LocalBitcoins for cash, some might trade them for altcoins like Monero and will then sell those. And there are many more ways to sell your Bitcoins anonymous. There is not one way to do this, you will have to be creative. :)


[1 Points] exlocalIDS:

Most small time vendors will use localbitcoins to cash out. Really easy and you can up charge. With this you don't NEED to tumble but you should. Most major vendors will use a cashier. Someone who will buy 50-100k worth of bitcoin at a time for a reduced rate and sell it for them. If you go search through let's say alpraking posts you will find that's how he converts his btc. He receives shipments with cash to a drop in exchange for bitcoins. There are plunty of other ways to do it. If your smart and a big vendor ante up and buy a btc atm for 15k then find a business to place it in.


[1 Points] penguinmixer:

Regarding your second question on cashing out bitcoins:

What's busted several people recently is the mistake of making large deposits into their bank accounts from bitcoin exchanges. It doesn't matter how well you tumble if you are introducing hundreds of thousands in unexplained money into your accounts. It seems much wiser to covert bitcoins into cash, and then follow the usual practices for converting cash to "bankable" money.