How can I buy $10k a day in coin at 3-5% below market with cash?

Through some unusual circumstances, I've found myself in a unique situation where I need to get my hands on up to $10k a day in coin. I'm not doing anything illegal with the coin, and it's only worth my while if I can buy the coin at 3-4% below market.

I've tried using LBC, and still use it, and while I've had some success with that, it's really fucking hard to wire ~$3-5k to anyone, domestic or not, through either Moneygram or Western Union. They don't give 2 fucks about a $500 wire, but decline damn near anything over $2k. I tried to send $3500 to a guy in Texas yesterday through Western Union, and they wouldn't send it through.

Cash by mail would be the ideal situation, but trusting someone to send the coins after I've mailed them $5k in cash would be my biggest hurdle. Oh yeah, and finding that person.

How do vendors cash out their coins? This situation is pretty unique, so much so that I've retained an attorney to keep me in the clear, or as much as one can be when dealing with something like BTC that is such a fucking grey area re: banking regulations.

Any suggestions? Ideally I'd be able to find someone, or a handful of people, that would do cash by mail, and buy $10k or so from each of them a week.

Got to run out for an hour or so, would love to hear more suggestions though, so will definitely be back on when I get back.


Comments


[3 Points] mejuwi1:

go find these people who accept the coin irl and do a direct exchange with them.


[2 Points] Pelican_Vendor:

I mean I offer cashout services for people as it is and there are some other ways to. But to get BTC to cash is not hard. To get it as taxable income is a bit trickier.


[1 Points] None:

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[1 Points] None:

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What is this?


[1 Points] None:

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[1 Points] stickykitty1:

I'm guessing you have found a connection to overseas buyers, perhaps a broker somewhere that has clients. No need to confirm or deny, I'm just speculating ;-) If you are in the right location you could just travel to people, use LBC to set up in cash trades and just drive or even fly in your region. Might not be feasible, but in each major/medium city you might find multiple buyers. Good luck.


[1 Points] Devoid_:

I'd fly out of the country weekly to conduct business if I was you


[1 Points] 180K:

Smurf it out to 5-8 people to buy the BTC for you. They get a 2% cut.


[0 Points] DNMQUESTIONMARK:

In person or a btc machine. In my area I have a bitcoin machine and a personal person who can do 10k trades for a rate of .08% hes banking though


[-1 Points] None:

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