What's the big deal about cash out methods? Why is it such a secret for only vendors, etc?


Comments


[8 Points] whoiiinvitedthisguy:

My guess would be is bc if someone is cashing out on a lot of bitcoin, they probably got it by selling drugs online. Something along those lines. That's just my hypothesis


[7 Points] yourBadHabit:

Because some methods are creative beyond "Sell coins for cash on LocalBitcoins," and the person currently using that method wouldn't want others using what might be a unique means of converting coins to cash.

The more people do something, the greater the chance of it being shut down.


[5 Points] None:

Let's think about this ok ? Why would internet drug dealers explain on a public forum how they go about cashing out their dirty bitcoins.


[2 Points] VicDamone_Jr:

One decent way would be to buy sealed gold bars with bitcoin and flip the gold online or at pawn shops. It's really not that hard to think of ways to cash out, just switch the gold bars for whatever you know more about. there's hundreds of smart ways to do this


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[1 Points] sunchip14:

So its harder for LE to shut down their cash out methods.


[-3 Points] Eatnoid:

Oh no, I'm talking about cash out methods like cloned cvv and prepaid cards...


[-4 Points] Eatnoid:

@cowthemember2 why did you summon fraudnet? What does that mean?