Silk Road forums

Discussion => Newbie discussion => Topic started by: Hemp Plastic on May 09, 2013, 01:52 am

Title: The sensitive issue of cashing out... (UK)
Post by: Hemp Plastic on May 09, 2013, 01:52 am
Hey, I've just made another forum account to ask about cashing out. I've been scanning the forum for some answers. I'm only a small vendor so I don't need to consider shell companies et cetera, but I do need a solid way to cash out and I don't have the money to get scammed trying to find out (to be honest who does?).
I'm already on LocalBitcions but I'm not getting any business due to lack of feedback.
I'd love to keep it in the family by giving my business to an SR vendor so here are two my options are:

Cash in mail - at the moment bitcoin seems to be the only vendor offering this and due to his name is hard to find info on him on the forum although he has high stats he only has one feedback for that item so I can only assume only one person has used it. Yesterday when I checked Mr. Cronk was offering a similar service but he seems to have taken it down.

Prepaid/debit cards - Quite a few vendors selling these, couple I've looked at are DrugsAndCash, Butch1200 and Yavanor. Just wondering how I get my coins on to it? Do I have to start selling my coins on the road for Ukash or transfers? Can you even load Ukash on to it? I doubt that's the case otherwise they'd be more Vendors selling bitcoins on the road. I don't really need to know the exact method, as the vendors offer this info once the card has be purchased, but I would like to know if this is a good method of cashing out...

DRGONZO offers to buy btcs through western union or Moneygram.

The only other method I could think of is bitcoin-otc, I heard you can sell with the CIM method, but the stuff I've read on bitcoin-otc make it seem over complicated and not understanding it would up the chances of getting scammed.

It just feels like I'm missing some obvious. Can anyone help?
Title: Re: The sensitive issue of cashing out... (UK)
Post by: H3rm3s on May 09, 2013, 02:19 am
I forget the vendors name but someone was offering to load green dot cards with money that you could cash out. I think it was in the money section. Don't know if it's a good method but it'd certainly be better than using stolen cards etc. From what I read it also sounds pretty secure as the vendor can't remove the funds once you finalize plus whatever benefits green dot has. I'd read up on it for sure though.
Title: Re: The sensitive issue of cashing out... (UK)
Post by: Hemp Plastic on May 09, 2013, 03:39 am
Isn't MoneyPak an American thing?
I'll look into it though.
Title: Re: The sensitive issue of cashing out... (UK)
Post by: H3rm3s on May 09, 2013, 03:48 am
Isn't MoneyPak an American thing?
I'll look into it though.

Yeah I'm not sure about UK. I know you have ASDA and since they're Wal-Mart owned they might have an equivalency if not the same thing.
Title: Re: The sensitive issue of cashing out... (UK)
Post by: cultmadeline on May 09, 2013, 07:21 am
keep searching my friend. you'll eventually learn of several ways.  But i'm interested in learning more.
Title: Re: The sensitive issue of cashing out... (UK)
Post by: Hemp Plastic on May 09, 2013, 01:57 pm
I've looked at Adsa, I don't think they do.

Message me one of the ways???

-----BEGIN PGP PUBLIC KEY BLOCK-----
Version: GnuPG v2.0.17 (MingW32)
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=SUFN
-----END PGP PUBLIC KEY BLOCK-----
Title: Re: The sensitive issue of cashing out... (UK)
Post by: Hemp Plastic on May 09, 2013, 04:33 pm
Just realised I put btc-e instead of Bitcoin-otc.
Title: Re: The sensitive issue of cashing out... (UK)
Post by: britfaglulz2 on May 09, 2013, 04:57 pm
If you want to trade BTC for cash in the UK I would be willing to work with you but we will have to do something to establish trust first. PM me or post back on here and maybe we can sort something out.

See, your problem is the reverse of mine. I wish to get money IN anonymously whereas you are looking to get money OUT so I would love to work something out with you as atm my cash > BTC transactions are all fully in the clear.

Britfag
Title: Re: The sensitive issue of cashing out... (UK)
Post by: hgfyff on May 09, 2013, 06:00 pm
Hi,

Just joined. I would like some Bitcoins... I have no idea how much one is worth in pounds?! Maybe we would do business?

Thanks
x
Title: Re: The sensitive issue of cashing out... (UK)
Post by: codyqueen on May 09, 2013, 06:05 pm
Have you tried https://bitbargain.co.uk/

I used them yesterday as a buyer and was V impressed.
Title: Re: The sensitive issue of cashing out... (UK)
Post by: sharliecheen2 on May 09, 2013, 06:46 pm
Cash in mail - at the moment bitcoin seems to be the only vendor offering this and due to his name is hard to find info on him on the forum although he has high stats he only has one feedback for that item so I can only assume only one person has used it. Yesterday when I checked Mr. Cronk was offering a similar service but he seems to have taken it down.

Man, I was thinking exactly the same thing: http://dkn255hz262ypmii.onion/index.php?topic=157359.msg1105861#msg1105861

Seems like the perfect marriage of interests to me - sellers trading their BTC back to the buyers within Silk Road.
As you say, the increase in competition can only be a good thing. I think it's a shame this isn't already a common vendor strategy.
It may well save them money too: http://dkn255hz262ypmii.onion/index.php?topic=6271.0

I should say that 'bitcoins' vendor has done great for me so far though.
Title: Re: The sensitive issue of cashing out... (UK)
Post by: britfaglulz on May 09, 2013, 07:31 pm
Have you tried https://bitbargain.co.uk/

I used them yesterday as a buyer and was V impressed.

Yes I also use BitBargain, and they are certainly impressive. You can't get scammed on there.

But... They are:

*Not anonymous
*Expensive to buy on there
Title: Re: The sensitive issue of cashing out... (UK)
Post by: Hemp Plastic on May 09, 2013, 08:11 pm
That's the thing I've seen lots of buyers on here looking for bitcoins, but it's hard to sell bitcoins without giving up my anonymity to some degree (western union, moneygram, cash in the mail, bank transfer), which would make using bitcoins in the first place pointless.

@britfaglulz2 I'm interested in this but how are we going to prove to each other that we're not the fuzz? How are we going to do the transfer of physical cash, face-to-face makes me kind of uneasy, cash in the mail to one of my safe houses? I don't know it's a lot to work out.

@codyqueen I've looked at them before, but their seller page says:
"We would love to have you on board, provided that you are a trusted, honest and reliable person with a legal source of bitcoins to sell. To be approved as a seller on BitBargain, you need to verify your details (e-mail, phone, bank account, ID),"
kind of puts me off.

@sharliecheen2 Were you buying or selling bitcoins from/to 'bitcoin'?

I've been looking into Ukash, but it's hard finding info. Can you load those polish cards being sold on the road with it?
I just want to know how you load them before I splash out on one...
Title: Re: The sensitive issue of cashing out... (UK)
Post by: britfaglulz2 on May 09, 2013, 11:09 pm
Hi,

I would suggest we chat on Skype, and proves ourselves to each other. BTW trading in BTC IS NOT ILLEGAL is it now? So there are no worries there.

We can chat on skype and each trade some info to verify and basically use our "gut feeling" as to whether or not to proceed with any deal. If I trusted you enough I would do bank transfer, depending on the amount. We could break up the transaction into smaller chunks or whatever.

I don't know... Like I said we would need to talk and discuss at length and then sort out some kind of anonymous method. Where there is a will there is a way. And once we have built up a certain level of trust things will become easier. I would prefer to work with someone on a regular basis anyway for this sort of thing as building up trust is hard.

If you are interested in discussing some options, drop me a line back and I will send you my skype or whatever you're comfy with and we can have a chat. BTW what sort of figures are we talking? I would probably be interested in £500 worth at a time in chunks of £100 or whatever.

Anyway.... Too many variables, like I said we will need to discuss to see how we feel about each other.

Look forward to hearing from you...

Britfag
Title: Re: The sensitive issue of cashing out... (UK)
Post by: MDUK on May 09, 2013, 11:23 pm
Hi,

I would suggest we chat on Skype, and proves ourselves to each other. BTW trading in BTC IS NOT ILLEGAL is it now? So there are no worries there.
Are you actually thick?

Let me break it down for you:

1-OP has admitted to being a vendor, and therefore is aiming to cash out drug money (illegal).
2-You have then offered to help the OP to launder their drug money (also illegal).
3-You then suggest that the OP contacts you on an extremely insecure and well logged system (skype) in order to arrange the laundering of said drug money.

And you think that's legal, or a good idea?
Are you fucking retarded?
Title: Re: The sensitive issue of cashing out... (UK)
Post by: brainfreeze on May 09, 2013, 11:35 pm
Hey, I've just made another forum account to ask about cashing out. I've been scanning the forum for some answers. I'm only a small vendor so I don't need to consider shell companies et cetera, but I do need a solid way to cash out and I don't have the money to get scammed trying to find out (to be honest who does?).
I'm already on LocalBitcions but I'm not getting any business due to lack of feedback.
I'd love to keep it in the family by giving my business to an SR vendor so here are two my options are:

Cash in mail - at the moment bitcoin seems to be the only vendor offering this and due to his name is hard to find info on him on the forum although he has high stats he only has one feedback for that item so I can only assume only one person has used it. Yesterday when I checked Mr. Cronk was offering a similar service but he seems to have taken it down.

Prepaid/debit cards - Quite a few vendors selling these, couple I've looked at are DrugsAndCash, Butch1200 and Yavanor. Just wondering how I get my coins on to it? Do I have to start selling my coins on the road for Ukash or transfers? Can you even load Ukash on to it? I doubt that's the case otherwise they'd be more Vendors selling bitcoins on the road. I don't really need to know the exact method, as the vendors offer this info once the card has be purchased, but I would like to know if this is a good method of cashing out...

DRGONZO offers to buy btcs through western union or Moneygram.

The only other method I could think of is bitcoin-otc, I heard you can sell with the CIM method, but the stuff I've read on bitcoin-otc make it seem over complicated and not understanding it would up the chances of getting scammed.
PM me on my account http://silkroadvb5piz3r.onion/silkroad/user/0319a1315a i know some1 very trusted who will put money straight in ur bank but charges 10%. 100%trust worthy contact me he cleans most of my coins
Title: Re: The sensitive issue of cashing out... (UK)
Post by: Hemp Plastic on May 10, 2013, 02:43 am
Hi,

I would suggest we chat on Skype, and proves ourselves to each other. BTW trading in BTC IS NOT ILLEGAL is it now? So there are no worries there.
Are you actually thick?

Let me break it down for you:

1-OP has admitted to being a vendor, and therefore is aiming to cash out drug money (illegal).
2-You have then offered to help the OP to launder their drug money (also illegal).
3-You then suggest that the OP contacts you on an extremely insecure and well logged system (skype) in order to arrange the laundering of said drug money.

And you think that's legal, or a good idea?
Are you fucking retarded?

I was uneasy about skype and MDUK reaffirmed it for me. Complete anonymity is needed with all unknown parties that know I'm vending. It's going to be hard. Messaging with pgp encryption is the best/ my preferred method for communication. If I could get a card I could load with Ukash it'd make selling btc anonymously easier for both parties, and if the coins could be put into escrow it'd increase the safety.

brainfreeze I'll send you one later today.
Title: Re: The sensitive issue of cashing out... (UK)
Post by: opiatebliss1979 on May 13, 2013, 02:21 am
MSG ME ILL TELL YOU WHAT TO DO
Title: Re: The sensitive issue of cashing out... (UK)
Post by: quixotist on May 13, 2013, 02:39 am
If you've got a drop address then I'll do you cash in the post for 90% of the value of your Bitcoins. If we can work out an escrow situation and start with a ton that would be ideal.

I'll only need about 400 quid worth total though, enough to get a vendor account set up here plus pay for some other services. If you're interested then my email is in my profile and GPG key is published on http://pgp.mit.edu/
Title: Re: The sensitive issue of cashing out... (UK)
Post by: JohnMaddox on May 13, 2013, 03:14 am
Guys for anyone considering trades outside of SR using real currency please don't do it, it's a bad idea.  Not only for your own safety but it is also against seller guidelines for SR.  Vendors can lose their privileges and others can possibly be denied becoming a vendor.  In the end it's your choice obviously but I'd be more concerned about the other party being LE more than anything else.  For this reason SR has rules in place to protect us. 

More information can be found here: http://dkn255hz262ypmii.onion/wiki/index.php?title=Seller%27s_Guide
Title: Re: The sensitive issue of cashing out... (UK)
Post by: sharliecheen2 on May 13, 2013, 08:32 pm
@sharliecheen2 Were you buying or selling bitcoins from/to 'bitcoin'?

I sent him cash in the post and he put bitcoins in my SR wallet. It was quick and easy.
As a buyer there's a lot of appeal in both the anonymity and simplicity of this form of transaction.
The money goes straight from my pocket on to the Road, and nobody even needs to know my name.
Title: Re: The sensitive issue of cashing out... (UK)
Post by: Hemp_Plastic on May 16, 2013, 02:48 pm
Forgot my password to my Hemp Plastic account.

@opiatebliss1979 why would you just encrypt it and send it to me?

@quixotist I don't have a drop address

@JohnMaddox I not trying to trade outside SR, I'm trying to find a way of cashing out.

@sharliecheen2 I'm considering selling them on my vendor account now, I just need an anonymous way of receiving cash.
Maybe offering a SEPA transfer onto one of those prepaid anonymous cards would do the trick?
Or if I could find a exchange you could withdraw with SEPA but with only entering the account number. Anyone know one?
Or getting a Ukash top-up-able card so I could offer Ukash to BTC, but I'd have to register it with my real details so I don't know.

I don't get why vendors are so secretive about it, it's not like they can be identified by knowing vaguely how they cash out.

Title: Re: The sensitive issue of cashing out... (UK)
Post by: pakchoi23 on May 16, 2013, 03:24 pm

Or if I could find a exchange you could withdraw with SEPA but with only entering the account number. Anyone know one?


I don't get why vendors are so secretive about it, it's not like they can be identified by knowing vaguely how they cash out.

I have managed to do an online bank transfer using just bank account numbers and no name. I put the name of the bank in the "name" box and it went through. I have no idea if this is standard or not though. I suspect some banks won't like it.


I guess there must be something sensitive about cashing out secrets, something that is too many ppl know it would get blown.

Good luck with your research.
Title: Re: The sensitive issue of cashing out... (UK)
Post by: chinacat101 on May 16, 2013, 03:35 pm
Hi,

I would suggest we chat on Skype, and proves ourselves to each other. BTW trading in BTC IS NOT ILLEGAL is it now? So there are no worries there.
Are you actually thick?

Let me break it down for you:

1-OP has admitted to being a vendor, and therefore is aiming to cash out drug money (illegal).
2-You have then offered to help the OP to launder their drug money (also illegal).
3-You then suggest that the OP contacts you on an extremely insecure and well logged system (skype) in order to arrange the laundering of said drug money.

And you think that's legal, or a good idea?
Are you fucking retarded?

Seriously, just look on the clearnet for BTC buyers, they are not hard to find. This is the last place you want to discuss turning your dirty BTC into clean dough.
Title: Re: The sensitive issue of cashing out... (UK)
Post by: chinacat101 on May 16, 2013, 03:41 pm
Forgot my password to my Hemp Plastic account.

@opiatebliss1979 why would you just encrypt it and send it to me?

@quixotist I don't have a drop address

@JohnMaddox I not trying to trade outside SR, I'm trying to find a way of cashing out.

@sharliecheen2 I'm considering selling them on my vendor account now, I just need an anonymous way of receiving cash.
Maybe offering a SEPA transfer onto one of those prepaid anonymous cards would do the trick?
Or if I could find a exchange you could withdraw with SEPA but with only entering the account number. Anyone know one?
Or getting a Ukash top-up-able card so I could offer Ukash to BTC, but I'd have to register it with my real details so I don't know.

I don't get why vendors are so secretive about it, it's not like they can be identified by knowing vaguely how they cash out.

Maybe create a clean vendor account with no ties to illegal activity. Its not illegal to sell BTC on SR. But if its tied to your vendor account selling illicit substances, that's just asking for trouble.
Title: Re: The sensitive issue of cashing out... (UK)
Post by: londonpride2 on May 16, 2013, 03:52 pm
I would imagine one of jesusofrave guides/consultations would be of use to you. I have not used his guides (just his hash lol) but he is quick to reply to questions if your not sure if it would be relevant.

http://silkroadvb5piz3r.onion/silkroad/user/53555a9222

Hope that helps
Title: Re: The sensitive issue of cashing out... (UK)
Post by: android465764E on May 16, 2013, 03:57 pm
Put them through bitcoinFog then sell them on bitbargain.
Title: Re: The sensitive issue of cashing out... (UK)
Post by: londonpride2 on May 16, 2013, 04:02 pm
I would imagine one of jesusofrave guides/consultations would be of use to you. I have not used his guides (just his hash lol) but he is quick to reply to questions if your not sure if it would be relevant.

http://silkroadvb5piz3r.onion/silkroad/user/53555a9222

Hope that helps

I just noticed he does one titled "Consultation | Advanced Level Vending, Cashing Out"
http://silkroadvb5piz3r.onion/silkroad/item/4ecf684e0d

Probably the kind of thing your after.
Title: Re: The sensitive issue of cashing out... (UK)
Post by: Hemp_Plastic on May 17, 2013, 07:46 pm
Thanks for the advise guys, I'll update once I've tried them all.
Title: Re: The sensitive issue of cashing out... (UK)
Post by: Hemp_Plastic on May 18, 2013, 12:02 am
@chinacat101 I'm not looking for buyers on here, I'm looking for methods. If the methods are anonymous it wouldn't matter if it was my drug vendor account. Like SEPA->Anonymous prepaid card or Ukash->something

@londonpride2 JotR guides are a bit out of my price range plus to do that advance one on cashing out you've got to do the beginner one first.

@android465764E You've got to register for bitbargain.