Silk Road forums
Discussion => Security => Topic started by: SGD1 on June 08, 2012, 06:30 am
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I have nice LSD that i want to sell on SR. My problem is don't know how to cash out bitcoins.
I found "bitcoin.de" should i use this site? Do you know better sites for selling bitcoins?
How much bitcoins can i sell and transfer to my bank without being suspicious?
I saw people selling 2000€ and more and bitcoin.de, is that not suspicious? If they transfer 2000€ to their bank account? What if the bank wants to know where the money is from?
Please share your experiences.
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Try https://bitcoin-24.com, you only need a Email-Adress to register. You can withdraw with SEPA
For larger amounts of money use multiple bank accounts.
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Our English is not the best, but we do as much as we can to keep this site mistakeless. Did you find any misspellings or incorrect facts, please contact us!
Bitcoin-24 looks very unprofessional, looks like it is from some kid.
Any other suggestions? How do the german vendors on SR cash out their money?
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Bitcoins are not illegal you know :)
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Can someone please answer my questions?
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I have nice LSD that i want to sell on SR. My problem is don't know how to cash out bitcoins.
I found "bitcoin.de" should i use this site? Do you know better sites for selling bitcoins?
How much bitcoins can i sell and transfer to my bank without being suspicious?
I saw people selling 2000€ and more and bitcoin.de, is that not suspicious? If they transfer 2000€ to their bank account? What if the bank wants to know where the money is from?
Please share your experiences.
Dunno in your country mate, but I know mine has like a $5000 limit on cash banks and $2000 at other organizations, check your countries limits. Most of the checks is hidden under the guise of "anti terrorism".
You can sell to sites or trade with other people through exchanges, I know its a pain figuring what works best for you, but stick with it and you will get there.
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Hi SGD1,
If you do open a seller account on here I'd be happy to buy your BTC in exchange for cash in the mail. It will be sent from the UK but I can send Euros.
Please send me a message if you're interested.
All the best,
V.
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Try https://bitcoin-24.com, you only need a Email-Adress to register. You can withdraw with SEPA
For larger amounts of money use multiple bank accounts.
bitcoin-24.com is at this moment some of the best markets!
With EUR you can deposit directly! Or you can deposit with mtgox code, vouchx oder credit card!
They pay out via sepa between one day! and you can contact the admin for special offers!
Only the USD market von bitcoin-24 is not so strong!
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Well i use bitcoin.de all the time. I like that i buy from a private sellers and not a centralized one.
Go like this:
Bitcoin.de -> Instawallet (optional) -> Bitcoin Fog -> Silkroad
It may look like excessive amount of transactions but you can't be too safe. And don't forget like knomo said the action of buying Bitcoins is nowhere near illegal. Hope that helps
P.S: been using bitcoin.de for more than half a year.
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bitcoin-24 -> wallet -> SR
is not really save is it?
How about their tumbler?
bitcoin fog takes a week and charges fee :(
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bitcoin-24 -> wallet -> SR
is not really save is it?
How about their tumbler?
bitcoin fog takes a week and charges fee :(
Bitcoinfog doesn't take a week. It's just a few hours for your security.
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bitcoin-24 -> wallet -> SR
is not really save is it?
How about their tumbler?
bitcoin fog takes a week and charges fee :(
Bitcoinfog doesn't take a week. It's just a few hours for your security.
Bitcoinfog can take as long as you like - the longer amount of time you leave it the better as your Bitcoins can be withdrawn and sent in random amounts. The shorter the time between your coins arriving in a mixer and being withdrawn, the greater the chance of a detailed analysis of the block chain detecting the passage of your coins through monitoring the amounts in question e.g you send USD 30,000 of Bitcoins to the Fog and then a couple of hours later USD 29,100 are sent to a different address, it wouldn't take a genius to figure out what had happened; of course this is easier to spot for larger amounts.
SR's mixer is free of charge but for the reasons I've outlined above it's not as secure - of course you could set up several accounts and withdraw your coins several times to several different wallets, in essence doing the same thing Bitcoinfog does but this is very troublesome and time consuming.
Alternatively you could use a service like mine to change your cash to Bitcoins and mixing becomes a moot point as tracing the original transaction back to source wouldn't reveal anything about your identity - indeed even I don't know my customers' real identity.
V.
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Well i use bitcoin.de all the time. I like that i buy from a private sellers and not a centralized one.
Go like this:
Bitcoin.de -> Instawallet (optional) -> Bitcoin Fog -> Silkroad
It may look like excessive amount of transactions but you can't be too safe. And don't forget like knomo said the action of buying Bitcoins is nowhere near illegal. Hope that helps
P.S: been using bitcoin.de for more than half a year.
since bitcoin-24.com has perished I was looking at bitcoin.de ... what do they charge for transfers, conversions?
I can not seem to find this info on their site.
thank you in advance
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0.05%
Fees
Marketplace fee 1%
The buyer and the seller share the marketplace fee (see FAQ).
Network fee 0%
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I saw people selling 2000€ and more and bitcoin.de, is that not suspicious? If they transfer 2000€ to their bank account? What if the bank wants to know where the money is from?
Can't you just tell the bank you bought a lot of Bitcoins when they only costed about $1 and you are selling some of them ?
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since bitcoin-24.com has perished I was looking at bitcoin.de
btc24 didnt just perish, they are under investigation and their bank accounts are frozen
i wouldnt trust any exchange in germany atm
but bitfloor has the same problems...
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since bitcoin-24.com has perished I was looking at bitcoin.de
btc24 didnt just perish, they are under investigation and their bank accounts are frozen
i wouldnt trust any exchange in germany atm
but bitfloor has the same problems...
so, what do you recommend?
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I saw people selling 2000€ and more and bitcoin.de, is that not suspicious? If they transfer 2000€ to their bank account? What if the bank wants to know where the money is from?
Can't you just tell the bank you bought a lot of Bitcoins when they only costed about $1 and you are selling some of them ?
Sure if you don't mind declaring tax on them. And also don't mind the bank reporting you for "suspicious activity" after your 2nd or 3rd large deposit.