How do vendors launder Bitcoin or convert their profits to USD?

Always wondered this, I've gotten some answers in the past from vendors in comments and they always varied. BBMC used to say he would buy a lot of visa gift cards...

There's always gambling or getting paid in bitcoin for programming work also

So what are some of the options?


Comments


[27 Points] plurskeleton:

Oink


[10 Points] JTHGraphics:

Typically vendors exchange their bitcoin for cash, and then put the money as profits in the books from a business that lets them do so. That is just a vague example though, there are many ways to launder money.


[9 Points] GrandWizardsLair:

The Grand Wizard owns several car washes, two pizza parlors, and a couple of the finest peep shows in downtown Latveria. Now if only we can figure out how to convert Latverian Rubles into US currency...


[4 Points] speedfleek:

They don't. People only vend to feed their cam girl addiction. The only ones profiting are tech savy college girls.


[4 Points] None:

Nobody is going to expose their secret methods of doing so. Kind of an unwritten rule this is a subject that isn't talked about.


[2 Points] ariariariarizona:

just buy a guide off a market


[2 Points] robynbanxx:

If you can't figure it out on your own you shouldn't worry about it


[2 Points] whatisopsec:

LBC cash deals are a big way for smaller vendors.


[2 Points] None:

Send me your buttcoins and I'll show you


[2 Points] TripAddict:

XXXXXXXXX


[1 Points] penismith:

Exchanges