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Topic: How to get paid for my 600 BTC? (Read 287 times)

newbie
Activity: 29
Merit: 0
July 25, 2018, 05:04:50 AM
#35
In my own opinion, I think its better to get an escrow that would handle the transaction between both parties safely so that no one would be duped in the process. This is just the best solution to trade your coins
Engaging escrow must be the good option for secure transaction. But I'm afraid how to sell that much big amount of bitcoins. Yes, 600 bitcoins must be very big amount and encasing that must need corporate level of dealing. Convincing any real time banker for big cut will help them in better way.
legendary
Activity: 2576
Merit: 1043
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July 25, 2018, 03:24:59 AM
#34
I think the best way to exchange currencies is by meeting up with each other. With that large amount of money, your travelling expenses will be nothing. I assume both of you are rich person so it will be just a small expenses for you. This is the best way for me I think.
jr. member
Activity: 252
Merit: 1
July 25, 2018, 02:28:35 AM
#33
In my own opinion, I think its better to get an escrow that would handle the transaction between both parties safely so that no one would be duped in the process. This is just the best solution to trade your coins
legendary
Activity: 2492
Merit: 1018
July 25, 2018, 02:19:48 AM
#32

If I was offered by a chinese to buy 600BTC and decides to accept the offer, I'd like to meet him in person near my town. That I guess would make it safer. But then again its a waste to sell 600 BTC while I can wait for the price to go more than $20K again before selling. 600BTC is damn huge. I'd be damn regretting if I sell that 600BTC for the current price.
full member
Activity: 434
Merit: 102
July 25, 2018, 01:07:10 AM
#31
EU and China are close, may not spend 1 day of your day when you use the Plane.

With a nominal 600 bitcoin in your wallet, the plane ticket was just a dust grain. you could be an Exchange member there and you are the sultan of the rich.
newbie
Activity: 92
Merit: 0
July 01, 2018, 05:53:42 PM
#30
I think the localbitcoin service will help you a lot. Let your buyer simply register on this site and make a secure transaction with you. At the same time, the buyer will be sure that he will receive his bitcoins and you are guaranteed to get your money.
full member
Activity: 882
Merit: 126
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June 12, 2018, 12:39:52 AM
#29
The better way to sell is in the exchange which is safe and the process would be safe. If it is though a wire transfer, Banks may not support as it is a huge amount of cross border transfer, and paypal charges a way high as transaction charges, if you meet face to face there might be a problem as the other party carries huge amount by Hand, western union money transfer will have a limit per person, so if he choose this option he needs to send it to multiple persons. It is better to have multiple transactions while selling if he just want to sell it to the businessman, else the best way is selling in an exchange.
Yes,selling them in the exchange is the best option and safest too because there were lot of risks while dealing with the trades personally and the schance of scam is also more.Go to the exchange which is suported by your county then sell it there to have safe transaction.
jr. member
Activity: 116
Merit: 2
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June 11, 2018, 11:56:46 PM
#28
A friend of mine got an offer to sell his 600 BTC to some chinese businessman.
The problem is how to transfer money from China to EU.
Do you have some ideas?


You can use credit card, International debit card, also you can use sepa for money transfer. You may use some third party sites like chnager.com xmgold etc.
All these methods are there to get paid for your enormous number of bitcoin. Just like we transfer other big amounts in real life, we can use all those methods for getting paid for it. All the options enlisted here are going to get you the money you are asking for 600 bitcoin. Bitcoin is something is very important and I would like to suggest you for using the most secure method of receiving money. You can use third party as well.
copper member
Activity: 210
Merit: 7
June 08, 2018, 09:31:25 AM
#27
A friend of mine got an offer to sell his 600 BTC to some chinese businessman.
The problem is how to transfer money from China to EU.
Do you have some ideas?


You can use credit card, International debit card, also you can use sepa for money transfer. You may use some third party sites like chnager.com xmgold etc.
member
Activity: 406
Merit: 10
June 06, 2018, 03:08:08 PM
#26
The better way to sell is in the exchange which is safe and the process would be safe. If it is though a wire transfer, Banks may not support as it is a huge amount of cross border transfer, and paypal charges a way high as transaction charges, if you meet face to face there might be a problem as the other party carries huge amount by Hand, western union money transfer will have a limit per person, so if he choose this option he needs to send it to multiple persons. It is better to have multiple transactions while selling if he just want to sell it to the businessman, else the best way is selling in an exchange.
member
Activity: 224
Merit: 12
June 06, 2018, 12:46:50 PM
#25
best option is localbitcoin
sr. member
Activity: 532
Merit: 250
June 06, 2018, 12:46:29 PM
#24
You should dump it on a good exchange, if you are in EU you will have no problem related to this process. Selling 5 btc or 600 btc is the same thing, you make it complicated by this way.
sr. member
Activity: 798
Merit: 251
June 06, 2018, 12:11:03 PM
#23
Lol, he can come to your friend with plane and then give him all this cash. no? :\
IT IS REALLY EASY  Wink
jr. member
Activity: 228
Merit: 4
June 06, 2018, 12:09:01 PM
#22
Op is trolling right?
member
Activity: 252
Merit: 14
Bounty Manager
June 06, 2018, 12:07:08 PM
#21
A friend of mine got an offer to sell his 600 BTC to some chinese businessman.
The problem is how to transfer money from China to EU.
Do you have some ideas?


I don't understand, you can sell Bitcoin with the same success at exchange which works with fiat money. btw this is a huge value and you don't have any legal ways to transfer/receive this value without tax.
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
June 06, 2018, 12:06:26 PM
#20
I would fly there. For that kind of money a plane ticket is negligible. Meet in person and have the buyer do a bank transfer. When that is confirmed call a friend sitting at your synced wallet. That friend then initiates a bitcoin transaction that you and the buyer can see confirming.  Relax and have a drink together. In about an hour it will have sufficient confirmation. I would require six confirmations for that much money.

Now you have the cash and they have the BTC

P.S. This is not going to work if you think you can hide the money from the tax man. I can almost guarantee you that this will get noticed by all governments involved.
newbie
Activity: 238
Merit: 0
June 06, 2018, 11:55:50 AM
#19
This is a very large amount, for the transfer. Minus tax, which will be considerable. It is necessary to divide, sell in parts and on different bank accounts.
jr. member
Activity: 197
Merit: 1
June 06, 2018, 11:49:41 AM
#18
Why not convert it to Bitcoin and ask the receiver that you will send the money through bitcoin.
Agree with your comments. But to convert to bitcoin then I think it would be more expensive than converting money into xrp coin. As such, transactions will become much faster and cheaper
full member
Activity: 602
Merit: 111
June 06, 2018, 11:44:17 AM
#17
A friend of mine got an offer to sell his 600 BTC to some chinese businessman.
The problem is how to transfer money from China to EU.
Do you have some ideas?



Getting money from someone in another country is going to be risky. I suggest that he gradually sell those Bitcoins on localbitcoins or some other site that allows cashing out.

If he insists on selling to someone in China, then he should do it in parts. Just send a small amount and wait for payment before sending another small amount. Do this until it is all sent. It could take a long time, but it’s safer that way.
Even localbitcoins is also not suitable to sell for huge amiunt of bitcoins as once we have to do many trades to sell them.But I think this is a biggest negative of crupto field if a big investor want to cashout the process is not easy.
hero member
Activity: 1008
Merit: 510
June 06, 2018, 10:38:35 AM
#16
A friend of mine got an offer to sell his 600 BTC to some chinese businessman.
The problem is how to transfer money from China to EU.
Do you have some ideas?



Getting money from someone in another country is going to be risky. I suggest that he gradually sell those Bitcoins on localbitcoins or some other site that allows cashing out.

If he insists on selling to someone in China, then he should do it in parts. Just send a small amount and wait for payment before sending another small amount. Do this until it is all sent. It could take a long time, but it’s safer that way.
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