Topic: How to get paid for my 600 BTC? - page 2. (Read 287 times)
In this kind of issue, there is no need endangering your btc. Sell it gradually through exchange and be free from risk. You can use binance and others. You have a big amount of btc, wish you luck that you don't enter a wrong hand.
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?
The amount for that bitcoin is around $4.5 Million so you need to transfer it via bank accounts but changing huge amount will cause you huge taxes so you can split up your trade and do it gradually and also use escrow for big transaction then your funds will be safe.Paypal is not a good option because they will charge you more heavy taxes than bank transfer.The problem is how to transfer money from China to EU.
Do you have some ideas?
Plus it will cause a red flag for banks to see this kind of amounts being transferred overseas. I suggest face to face, or like sort of LocalBitcoins transactions. That's a fairly huge amount so I would be very careful on dealing with the other side unless you really know this guy.
So can also do small transactions to not raise suspicious if you really insist of not meeting the buyer. At least in this way, its going to be safe on both side. Of course, escrow is a must, but I'm not sure who you going to trust with that huge amount.
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?
The amount for that bitcoin is around $4.5 Million so you need to transfer it via bank accounts but changing huge amount will cause you huge taxes so you can split up your trade and do it gradually and also use escrow for big transaction then your funds will be safe.Paypal is not a good option because they will charge you more heavy taxes than bank transfer.The problem is how to transfer money from China to EU.
Do you have some ideas?
Plus it will cause a red flag for banks to see this kind of amounts being transferred overseas. I suggest face to face, or like sort of LocalBitcoins transactions. That's a fairly huge amount so I would be very careful on dealing with the other side unless you really know this guy.
So can also do small transactions to not raise suspicious if you really insist of not meeting the buyer. At least in this way, its going to be safe on both side. Of course, escrow is a must, but I'm not sure who you going to trust with that huge amount.
Do you have some ideas?
Your friend would be better off selling that amount of bitcoin slowly on centralized exchanges. If he really insists on transacting with the Chinese businessmen, then they can use Western Union's money sending service to send money from China to Europe(but I doubt if that amount of money will be questioned or not by regulators so be careful). Another good way for them to settle their transaction is to follow this tip made by a comment above(I edited it a little in the quote):why not either you go to EU(China in your friends case) or the buyer will goo china(to Europe) to make the transaction smooth
And meetup would be made in a safe place(specifically near a police station for safety).
Only a Fool will sell 600 BTC to a person. Bank trasnfer should be disputed at any time!
That's amount of bitcoin need to be traded on well known exchange like Kraken.
That's amount of bitcoin need to be traded on well known exchange like Kraken.
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?
The problem is how to transfer money from China to EU.
Do you have some ideas?
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?
The amount for that bitcoin is around $4.5 Million so you need to transfer it via bank accounts but changing huge amount will cause you huge taxes so you can split up your trade and do it gradually and also use escrow for big transaction then your funds will be safe.Paypal is not a good option because they will charge you more heavy taxes than bank transfer. The problem is how to transfer money from China to EU.
Do you have some ideas?
What about many bank accounts in Serbia which will get 10000 eur each? for example?
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 guess you better get some escrow but this is a huge amount so maybe best to do is make the transactions by per 50 btc each,so the risk is smaller than bulk of 600btcThe problem is how to transfer money from China to EU.
Do you have some ideas?
Or another option since this is a big amount why not either you go to EU or the buyer will goo china to make the transaction smooth..this was the first time I encountered this kind so i hope what ive said can help.
Goodluck mate
Oh I see. Have you tried paypal? You can also try that or try to ask some money remittances from your country if they are receiving a chinese yuan to euro or vice versa.
NEVER USE PAYPAL for transaction due to chargebacks...
I am on Europe, and maybe I have the possibility for cash out of such a big BTC amount. But probably you will need to come to Europe for "money" it can be very complicated for wire transfer.
Oh I see. Have you tried paypal? You can also try that or try to ask some money remittances from your country if they are receiving a chinese yuan to euro or vice versa.
We have BTC and hes got cash, we can send him BTC, but don't have a clue how to get the cash? 
Wire transfer? Use an escrow service for this like localbitcoin or some other services out there.i do escrow as well, you can choose escrow in BCT.
We have BTC and hes got cash, we can send him BTC, but don't have a clue how to get the cash?
Why not convert it to Bitcoin and ask the receiver that you will send the money through bitcoin.
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?
The problem is how to transfer money from China to EU.
Do you have some ideas?
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