I'm a DarknNet virgin, so I spent a month or 2 researching OPSEC, the anonymous buying of BTC and the cash out. And alot of lurking on here. I'm Mainly looking at small personal buys, but might extend as I smell opportunity. I find this modern day wild west fascinating and intriguing.
Xapo sounded useful but the search bar says otherwise. Shadowcoin sounds awesome and aswell. I'm aware I can use these as a vehicle to swap for btc via online exchange for an extra layer of anonymity. Anybody have experience with any of these?
It seems that buying BTC anonymously and cashing out will require a little work. So far my plan is to get 2 online wallets(my hot wallets) Then buy via cash transfer on LBC> HW 2(hot wallet 2)>transfer to HW 1(buy wallet>tumble to escrow/multi Sig payment/vendor account>get change/refund in reverse process>then HW 2 to offline wallet-and do this via a VPN instead of to avoid compromised nodes, if I ever do a big buy I'd it via a public wi-fi. Have some other ideas but they seem excessive.
For cash out I was thinking ideally a pre paid card(any suggestions appreciated) which in the uk seems like it will be a card registered card in poland, though if I find one that is reliable it will also be used to buy. Though xapo sounds good for this also.
Then in reverse, I'd follow the buy plan without using offline wallet.
I have in place additional basic measures such as tor(not for btc), pgp and possibly just recording my offline wallet on paper. But Im not asking about OPSEC, I'm interested in good cash out/in methods.
The general consensus seems to be that they won't bother with small time buyers. But from a lifetime of involvement with the drugs trade, I know they sometimes target the small fry in order to build a case/gather information about the sellers, and to partly as publicity to crims. Small time buyers will usually crack rather than have the inconvenience of a trial and so on. Im the habit of of always being cautious, especially where the extra effort involved is minimal, my argument is why take unnecessary riskd?
Any and all information on anonymous/untraceable buy in/cash out methods would be greatly appreciated, I'd really love to know how you guys cash out and buy in safely. Id like to tap into the massive wealth of knowledge and experience on this forum, even if it's not directly relevant to this post. Thanks in advance :o)
Edit: English, but I cant correct the title.
Xapo had a great business plan on paper many months ago. Once they went live, it was all downhill from there.
Take Xapo out of your plans completely.
Edit: I commend you on your understanding of how important proper OpSec is when getting involved in DNM activities. However, it is my opinion that you may be making it more complex than it really will be.
For example:
Buying Bitcoin is legal and you can use Helix to sever your identity completely from initial buy. Or use LBC, Mycelium or buy coin on the DNM itself.
You really don't need to worry about cashing out. Why? Because if you are not vending...your cash out is the product you buy.