Silk Road forums

Support => Technical support => Topic started by: Skippy_Jif on July 06, 2012, 05:13 pm

Title: fastest and safest way to withdraw bitcoins
Post by: Skippy_Jif on July 06, 2012, 05:13 pm
And transfer them into folding money? LoL

I would like it to happen today
Title: Re: fastest and safest way to withdraw bitcoins
Post by: ccxv01 on July 10, 2012, 01:24 pm
There are some vendors on SR that will happily do it - take a look in the 'Services' or 'Money' categories.

Apart from that, if you look on The Hidden Wiki, from memory there are a few carding sites that can sell you debit visas with money loaded on to it.

Just go to an ATM or buy shit online.
Title: Re: fastest and safest way to withdraw bitcoins
Post by: anonaddict on July 11, 2012, 01:43 am
And transfer them into folding money? LoL

I would like it to happen today

1. Get a prepaid visa card.
2. Go online and activate it (make a pin # for atm).
3. Go to https://www.btcpak.com/ and exchange the bitcoins for a moneypak.
4. Use moneypak to put cash on the card.
5. Go to an ATM and get your money.
Title: Re: fastest and safest way to withdraw bitcoins
Post by: Skippy_Jif on July 11, 2012, 10:53 pm
That was as easy as 1,2,3
Title: Re: fastest and safest way to withdraw bitcoins
Post by: Limetless on July 11, 2012, 10:57 pm
And transfer them into folding money? LoL

I would like it to happen today

1. Get a prepaid visa card.
2. Go online and activate it (make a pin # for atm).
3. Go to https://www.btcpak.com/ and exchange the bitcoins for a moneypak.
4. Use moneypak to put cash on the card.
5. Go to an ATM and get your money.

Whilst this is of course an option if you are a vendor looking for longevity this isn't the way to go.
Title: Re: fastest and safest way to withdraw bitcoins
Post by: anonaddict on July 12, 2012, 01:59 am
And transfer them into folding money? LoL

I would like it to happen today

1. Get a prepaid visa card.
2. Go online and activate it (make a pin # for atm).
3. Go to https://www.btcpak.com/ and exchange the bitcoins for a moneypak.
4. Use moneypak to put cash on the card.
5. Go to an ATM and get your money.

Whilst this is of course an option if you are a vendor looking for longevity this isn't the way to go.

I agree with Limetless here. This is only for a quick short term solution, If you are looking for a long term solution get with him or another bitcoin dealer to work out a long term solution.
Title: Re: fastest and safest way to withdraw bitcoins
Post by: Limetless on July 12, 2012, 07:09 am
Problem with BTC vendors is that it doesn't actually provide you with washed cash. You have to bear in mind that just because you have got rid of your BTC and turned it into cash doesn't mean that's job done and time to go home and put your feet up. You will be left there with a load of cash that isn't accountable for which if caught the best case scenario you'll have to pay tax on it or if the shit hits the fan you have just given the law money that can be linked to your drug dealing enterprise lol.
Title: Re: fastest and safest way to withdraw bitcoins
Post by: anonaddict on July 12, 2012, 12:46 pm
Problem with BTC vendors is that it doesn't actually provide you with washed cash. You have to bear in mind that just because you have got rid of your BTC and turned it into cash doesn't mean that's job done and time to go home and put your feet up. You will be left there with a load of cash that isn't accountable for which if caught the best case scenario you'll have to pay tax on it or if the shit hits the fan you have just given the law money that can be linked to your drug dealing enterprise lol.

I was thinking a good way to launder the money without having LEO taking it away was to set up 2 accounts at http://www.freelancer.com/ Make one to list jobs and one that wins all of the first ones bids. That way you can show how you got the money and in the worst case scenario you will have to pay income tax on it.
Title: Re: fastest and safest way to withdraw bitcoins
Post by: Limetless on July 12, 2012, 12:57 pm
Problem with BTC vendors is that it doesn't actually provide you with washed cash. You have to bear in mind that just because you have got rid of your BTC and turned it into cash doesn't mean that's job done and time to go home and put your feet up. You will be left there with a load of cash that isn't accountable for which if caught the best case scenario you'll have to pay tax on it or if the shit hits the fan you have just given the law money that can be linked to your drug dealing enterprise lol.

I was thinking a good way to launder the money without having LEO taking it away was to set up 2 accounts at http://www.freelancer.com/ Make one to list jobs and one that wins all of the first ones bids. That way you can show how you got the money and in the worst case scenario you will have to pay income tax on it.

The principle you are proposing is bang on but your method is a bit rough. Any LE could clock that both the accounts were yours just by asking the site for your information. The way to do it if you are ok to pay tax is by getting a wing-man to set up a company overseas but sign over the majority of the shares to you so you keep control of both your own company and the one under someone elses name. You contract the overseas company to do work for you (it doesn't matter what but it is best if you do something intangible like software/consulting/recruitment) and then you pay the overseas one for their service. You can also flip it the reverse and have the overseas company buy something from you, both scenarios are beneficial in different circumstances depending on what you want to achieve.