Why don't you just go to a bitcoin atm and withdraw cash with your bitcoin debit card.
well i was thinking about it but a bit too many fees - loading fee, monthly service fee, atm transaction fee, etc.
Topic: Selling/Exchanging BTC (Read 382 times)
well i was thinking about it but a bit too many fees - loading fee, monthly service fee, atm transaction fee, etc.
Why don't you just go to a bitcoin atm and withdraw cash with your bitcoin debit card.
Outside of the well-known LocalBitcoins.. (which now started to require ID to KYC for dealing in virtually all the decent offers listed.. ;/) :
> VirWoX.com (PayPal, Debit/Credit Card, or Second Life Dollars) || PaxFul.com (Any method - enormous fees, from 25 to 70%+) || WallOfCoins.com - 18-24% fees, ID req. at the bank when making cash deposit to Buy BTC, Instant (fastest way to get btc outside of private individual-to-individual OTC trade) || Purse.io (~14-30%+ fees, +Shipping Costs unless you've Amazon Prime service ; Requires ability to buy off Amazon - req. no ID, no PayPal, no debit card, just an Amazon Gift Card at the least <
> VirWoX.com (PayPal, Debit/Credit Card, or Second Life Dollars) || PaxFul.com (Any method - enormous fees, from 25 to 70%+) || WallOfCoins.com - 18-24% fees, ID req. at the bank when making cash deposit to Buy BTC, Instant (fastest way to get btc outside of private individual-to-individual OTC trade) || Purse.io (~14-30%+ fees, +Shipping Costs unless you've Amazon Prime service ; Requires ability to buy off Amazon - req. no ID, no PayPal, no debit card, just an Amazon Gift Card at the least <
I think you missed the point of my post.
I know about all of those exchanges and ways of selling/buying bitcoin.
I was wondering more about that last step - having money, kinda literally, in your hands without your bank being like "wait a minute, you just transferred $250,000" and Uncle Sam asking for a piece (IRS, tax, etc.)
Outside of the well-known LocalBitcoins.. (which now started to require ID to KYC for dealing in virtually all the decent offers listed.. ;/) :
> VirWoX.com (PayPal, Debit/Credit Card, or Second Life Dollars) || PaxFul.com (Any method - enormous fees, from 25 to 70%+) || WallOfCoins.com - 18-24% fees, ID req. at the bank when making cash deposit to Buy BTC, Instant (fastest way to get btc outside of private individual-to-individual OTC trade) || Purse.io (~14-30%+ fees, +Shipping Costs unless you've Amazon Prime service ; Requires ability to buy off Amazon - req. no ID, no PayPal, no debit card, just an Amazon Gift Card at the least <
> VirWoX.com (PayPal, Debit/Credit Card, or Second Life Dollars) || PaxFul.com (Any method - enormous fees, from 25 to 70%+) || WallOfCoins.com - 18-24% fees, ID req. at the bank when making cash deposit to Buy BTC, Instant (fastest way to get btc outside of private individual-to-individual OTC trade) || Purse.io (~14-30%+ fees, +Shipping Costs unless you've Amazon Prime service ; Requires ability to buy off Amazon - req. no ID, no PayPal, no debit card, just an Amazon Gift Card at the least <
For the sake of this debate/discussion lets say you want to exchange your BTC (i know it'd be smarter to keep them)
And lets say you have any large amount, 200+, 500+, 10000+, etc.
what would be your process?
what tools (wallets, exchanges, etc.) would you use?
You don't want any money system to flag your account, especially not your bank.
Would you even try to transfer it to your bank account"?
I don't want to use a "BTC laundering" term but definitely similar to that
And lets say you have any large amount, 200+, 500+, 10000+, etc.
what would be your process?
what tools (wallets, exchanges, etc.) would you use?
You don't want any money system to flag your account, especially not your bank.
Would you even try to transfer it to your bank account"?
I don't want to use a "BTC laundering" term but definitely similar to that
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