Silk Road forums

Discussion => Security => Topic started by: Purplesky on June 11, 2012, 11:03 am

Title: Safest way to withdraw bitcoins to cash?
Post by: Purplesky on June 11, 2012, 11:03 am
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Title: Re: Safest way to withdraw bitcoins to cash?
Post by: soyyo1114873 on June 12, 2012, 04:18 pm
You must be an awesome seller or something! Anyway, SR > Bitcoin Fog > Intersango > sell BTC then... here's where my reasoning goes a little haywire. If in the US I would say Dwolla and then to your registered bank account, but I don't remember if Dwolla works the same way in the UK. Perhaps Intersango works like that? Other options are Liberty Reserve fro Intersango. Sorry for the incompleteness of my suggestion, I hope you can somehow fill in the dots.
Title: Re: Safest way to withdraw bitcoins to cash?
Post by: vlad1m1r on June 12, 2012, 08:28 pm
Hey atm getting involved with about 2-3k GBP worth of bitcoins through SR, i know of certain methods to withdraw it bank transfer, ukash, western union, moneygram and face to face (which imo is a 100% no go) and some of these methods have alot of charges on fees, can anyone recommend the safest ways to go about withdrawing it? This is in the uk btw.

Hi Purplesky,

I'm a Bitcoin vendor based in the UK. I also have the privilege of working in banking. I can tell you that unless you usually receive large payments to your account, if you suddenly withdraw amounts over £1,000 to your bank account this could flag a suspicious activity report. I suggest you find a BTC vendor who will sell you the coins for cash in the mail - I would be happy to do business with you myself but sad to say I don't have £3,000 to spare.

If you need any help with stowing your money away safely, please let me know, I'm very good with numbers!

V.