Want to buy and then sell $30k in BTC

2double0

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Quote from: gondel on November 11, 2016, 11:44:13 AM

Guys, thank you for the replies.
And can someone recommend me a company from the European Union which buys BTC and I can pay by bank transfer? Huh

??
Again, buying btc and then sell them for cash can help you transfer money from one country to another avoiding smuggling. Also coins shuffeling would protect you anonymous.
Thanks!

Regards,

Gondel

I think Kraken is the best option for your needs as it has option for trading with euros using which you can have your coins be bought and sold in your currency itself (if you belong there). Coins shuffeling is not a problem unless you leave any evidence about any address you used.

gondel

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Guys, thank you for the replies.
And can someone recommend me a company from the European Union which buys BTC and I can pay by bank transfer? Huh

??
Again, buying btc and then sell them for cash can help you transfer money from one country to another avoiding smuggling. Also coins shuffeling would protect you anonymous.
Thanks!

Regards,

Gondel

VerdinaNET

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Quote from: Zenzolina on November 07, 2016, 05:15:48 PM

But where is the point in exchanging cash 2 btc 2 cash again?

I don't see the point either ?! If someone can explain ? Will appreciate it .

jamyr

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<------

Quote from: gondel on November 09, 2016, 07:00:25 AM

Hello,
The purpose of this question is for example I do not want to make a bank transfer or to smuggle such amount.
for example in Bulgaria there is a service provider who do not ask any questions for amounts up to $3k. I can make 10 transactions and withdraw my cash, but the think is that I want to buy the btc first anonymously.

Regards,

G

Just pay your tax. That's the best thing to do. I remember an episode of 60minutes in CNN regarding money laundering. A hidden camera was set by (globewatch or earthwatch), and surprisingly lawyers advised the ''undercover'' on how to do ''the tranfer(s)".

Pay your taxes. It is an obligation.

2double0

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When you are talking cash, that means you are trying to hide everything so there definitely won't be a need of tax.
But when he wants to buy, he might use some of his family members' and friends' bank accounts and divide the money and then buy the coins, that way he would be able to save tax somehow.

BlackPanda

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I suggest to use the BTC-e. BTC-e is a reliable exchanger services and one of the largest today. I have invested in the BTC-e, and I was very happy with the facilities and conveniences offered by BTC-e.

jovs

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Quote from: Red-Apple on November 09, 2016, 09:51:22 AM

Quote from: gondel on November 07, 2016, 09:41:05 AM

As one of the greatest things about BTC is that you can stay anonymous,

not really. you are not really anonymous just because you are using bitcoin. read this website for more information:
bitcoinisnotanonymous.com

Quote

Lets say a friend of mine has $30k in his bank account, he wants to buy BTC with those money and then sell it for cash in other country.
What is the best way to do it and which service should he use? What is the fastest and the cheapest way also the safest in order to avoid any tax issues?

banking system is different in each country but.
- when you take out that kind of money out of your bank you may encounter some problems because some flags are risen especially when you buy bitcoin with the money.
- then selling bitcoin for money in another country you may also raise some flags again depending on that country. it is not just about taxes.

but the best way is using localbitcoins and going through with exchanging with cash face to face.

The best thing to do is putting it from bank to a local coin app. It is instant and secured.

Monetizer

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As others have said localbitcoins is really the way to go, buying volume on an exchange not only often takes away your anonymity but also can cost extra. If you are buying bulk off localbitcoins I'd also heavily suggest doing your best to make sure they aren't "Dirty btc" from an illegal source as hypothetically they could be taken from you by popo as profits of crime.

Zadicar

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Quote from: senyorito123 on November 10, 2016, 04:57:42 AM

Quote from: gondel on November 07, 2016, 09:41:05 AM

Hello all,
As one of the greatest things about BTC is that you can stay anonymous, I want to ask the following:
Lets say a friend of mine has $30k in his bank account, he wants to buy BTC with those money and then sell it for cash in other country.
What is the best way to do it and which service should he use? What is the fastest and the cheapest way also the safest in order to avoid any tax issues?
Thanks!

Regards,

Gondel

The best option for your friend to choose is thru local bitcoins just listen for some advices so those money will became safetier in that area, don't just trust on peer to peer trade online since your friends might gonna lose that huge money, just remember scammers are in here only watching, lurking and finding some ways to earn from bad acts for there selves, i think tax is just a butter on that don't avoid it just face and pay for the cost of actions.

localbitcoin would be the best way as long you know that it is safe and you should really be careful. Peer to peer transactions online is somehow risky because of scammers and you are right they are just watching and lurking somewhere finding the best timing to get the opportunity to scam you. $30k in btc is already a huge amount and we must be sure on our future transactions.

senyorito123

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Quote from: gondel on November 07, 2016, 09:41:05 AM

Hello all,
As one of the greatest things about BTC is that you can stay anonymous, I want to ask the following:
Lets say a friend of mine has $30k in his bank account, he wants to buy BTC with those money and then sell it for cash in other country.
What is the best way to do it and which service should he use? What is the fastest and the cheapest way also the safest in order to avoid any tax issues?
Thanks!

Regards,

Gondel

The best option for your friend to choose is thru local bitcoins just listen for some advices so those money will became safetier in that area, don't just trust on peer to peer trade online since your friends might gonna lose that huge money, just remember scammers are in here only watching, lurking and finding some ways to earn from bad acts for there selves, i think tax is just a butter on that don't avoid it just face and pay for the cost of actions.

Mzie

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It depends which country he is based, some local exchanges will allow an individual to deposit huge amounts of money then buy Bitcoin. But for him to remain anonymous he has to meet quite a number of people on localbitcoin to buy bitcoin

pooya87

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Quote from: gondel on November 07, 2016, 09:41:05 AM

What is the best way to do it and which service should he use? What is the fastest and the cheapest way also the safest in order to avoid any tax issues?

you can not have all of these in one place, these factors are usually against each other. you can't ask for fast and cheap and safe at the same time especially when you want to stay anonymous.

if you are so worried about taxes and remaining fully anonymous you should deal with cash but that is neither fast nor cheap. you will be paying much higher than exchange price and will take time to find a trusted person.

carlfebz2

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Quote from: justdimin on November 07, 2016, 12:40:36 PM

Quote from: bittraffic on November 07, 2016, 10:19:54 AM

localbitcoins.com is your best option.
you will be meeting with users selling it for a price though. but sure its one of the safest to be anonymous online still. Its a huge about, seller will be suspicious though.

For $30k, to deal in person you might need more time as you may need more sellers. Some exchanges support dealing in huge volume but requires verification, kraken cex.io and btc-e are few of them.

To avoid many complications (document verification and taxes), I do suggest to deal in person but small amount at a time is the complexity in that.

This is the best way on which you would need to deal in person but i would suggest also that you should onyl transact on small amounts and do it simultaneously onto different person for you to avoid such risk of being holdup by someone and stole money from you. Exchanges would be good also but they do have limit on each transactions you could made and you would need verifications which is not anonymous anymore.

Red-Apple

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Quote from: gondel on November 07, 2016, 09:41:05 AM

As one of the greatest things about BTC is that you can stay anonymous,

not really. you are not really anonymous just because you are using bitcoin. read this website for more information:
bitcoinisnotanonymous.com

Quote

Lets say a friend of mine has $30k in his bank account, he wants to buy BTC with those money and then sell it for cash in other country.
What is the best way to do it and which service should he use? What is the fastest and the cheapest way also the safest in order to avoid any tax issues?

banking system is different in each country but.
- when you take out that kind of money out of your bank you may encounter some problems because some flags are risen especially when you buy bitcoin with the money.
- then selling bitcoin for money in another country you may also raise some flags again depending on that country. it is not just about taxes.

but the best way is using localbitcoins and going through with exchanging with cash face to face.

gondel

legendary

Activity: 1946

Merit: 1005

Hello,
The purpose of this question is for example I do not want to make a bank transfer or to smuggle such amount.
for example in Bulgaria there is a service provider who do not ask any questions for amounts up to $3k. I can make 10 transactions and withdraw my cash, but the think is that I want to buy the btc first anonymously.

Regards,

G

JeffBrad12

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Quote from: gondel on November 07, 2016, 09:41:05 AM

Hello all,
As one of the greatest things about BTC is that you can stay anonymous, I want to ask the following:
Lets say a friend of mine has $30k in his bank account, he wants to buy BTC with those money and then sell it for cash in other country.
What is the best way to do it and which service should he use? What is the fastest and the cheapest way also the safest in order to avoid any tax issues?
Thanks!

Regards,

Gondel

Using extensive exchange
Disadvantages.
- Prove your document for verification
-The tax is quite high rather than dealing with person method.
Advantages
- The range is so large for deposit or withdraw
- There is more guaranteed for this

Dealing in person
Disadvantages
-Using escrow be any obligation for you
-Too difficult for finding a particular seller.
Advantages
-Cheap in the tax

About the speed of your transaction are depending with your input value.

Zenzolina

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But where is the point in exchanging cash 2 btc 2 cash again?

shield132

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You can to use localbitcoin for that but I think it's hard to buy $30k from person to person because now many service requires verification for that. Maybe you can to find website without verification but I think their price must be different and bad for you. If you want to be anonymous while using bitcoin and making bitcoin payments, you can to use VPN and bitcoin mixing services also but last one needs fees for that. ( bitcoin mixing websites require fees for offering their service ).
P.S you can't fully avoid paying taxes and fees because transaction requires fees and what you want also.

justdimin

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Quote from: bittraffic on November 07, 2016, 10:19:54 AM

localbitcoins.com is your best option.
you will be meeting with users selling it for a price though. but sure its one of the safest to be anonymous online still. Its a huge about, seller will be suspicious though.

For $30k, to deal in person you might need more time as you may need more sellers. Some exchanges support dealing in huge volume but requires verification, kraken cex.io and btc-e are few of them.

To avoid many complications (document verification and taxes), I do suggest to deal in person but small amount at a time is the complexity in that.

bittraffic

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localbitcoins.com is your best option.
you will be meeting with users selling it for a price though. but sure its one of the safest to be anonymous online still. Its a huge about, seller will be suspicious though.

Topic: Want to buy and then sell $30k in BTC (Read 1092 times)