Can I transfer my cash without leaving a trace?

[Gimpeline]

Buy an altcoin of some sort and then use Shapeshift.io to transfer it into Bitcoin.
That way your bitcoin cant be linked to your bank account

[1715291506]

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[1715291506]

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[requester]

yes if you have about $500 in your bank account then your could buy bitcoin with those money and safely keep in your wallet and whenever you want you can contact a genuine trader and sell your bitcoin and here also you can make your wallet empty and you can back to bank account.

[YuginKadoya]

Hi. I have some money in a bank account. I have the ability to do transfers out of my bank account. I am looking for a way to transfer the money from my bank account, to bitcoins. And then some kind of way to withdraw the bitcoins back into cash. Mainly I am looking for a way to break the link between the initial bank account, and the cash at the end. I figured using bitcoins in the middle would be the best way to do this. Please could somebody offer me some advice or some services that are able to do this.

There are many sites that offer transfer transaction with a bank and bitcoin but I think there are some that are very strict when it comes to country and I think there are countries that are not allowed any transaction to offer from them or you can not access in their site, finding these kind of site is easy just google them but be very careful in picking one, and I think some bitcoin wallet may offer a direct transaction with your respected bank that you trust just like my bitcoin wallet that i am using but it is only available in my country!

[doomistake]

Hi. I have some money in a bank account. I have the ability to do transfers out of my bank account. I am looking for a way to transfer the money from my bank account, to bitcoins. And then some kind of way to withdraw the bitcoins back into cash. Mainly I am looking for a way to break the link between the initial bank account, and the cash at the end.
I figured using bitcoins in the middle would be the best way to do this. Please could somebody offer me some advice or some services that are able to do this.

In order to transfer your money from your bank account to bitcoins, you have to withdraw first your cash and then find someone that you can trust which do sells bitcoin, maybe a friend or someone else, because it more safe to buy bitcoins in person than to buy it online, the risk is too big. So, if you have already have your bitcoins, then, wait for its price to go up higher than the price when you bought your bitcoins, so that you could have a profit out of it.

And about breaking the link between your account to the account that you are going to send it in the end seems impossible, it is possible, but it would take a lot of works and hackers are the only one who can do that, or maybe someone who knows this kind of stuff.

[NeuroticFish]

Hi. I have some money in a bank account. I have the ability to do transfers out of my bank account. I am looking for a way to transfer the money from my bank account, to bitcoins. And then some kind of way to withdraw the bitcoins back into cash. Mainly I am looking for a way to break the link between the initial bank account, and the cash at the end. I figured using bitcoins in the middle would be the best way to do this. Please could somebody offer me some advice or some services that are able to do this.

The problem I see is the withdraw limits.
OK. You've got your fiat from bank. OK, you also bought bitcoin and used a mixer to lose the trace.
But when you want to use those bitcoin (card) or exchange them to fiat, in order to access that money you need your ID again, else the limits are so low you cannot do much.

And this is (more or less) OK, since this way they can check you and avoid money laundering.


As somebody already said: you are either over cautious (paranoid?), either trying to do something illegal..

[iv4n]

What kind of problem OP have? If he already have money on bank account he can withdraw it, why would he send that money to exchange to buy bitcoins, then to sell bitcoins for cash. Only one thing is falling on my mind, OP wish to scam a bank. He have a credit card for buying things, and he wish to buy something and that something to convert in cash later. Well this kid apparently stole credit card from his parents, or someone else close to him and he is looking for the way to make some illegal cash.

[noormcs5]

I guess there were some sites rendering service like that. I used localbitcoin with that matter already, I used my bank account to buy bitcoin then, I have my coinbase wallet, send it to my wallet address, after that I spend it, so in your case, you can now cash it out then. Anyway don't you have any Cards to use to cash out your money in that bank account?

[FasTroy]

Hi. I have some money in a bank account. I have the ability to do transfers out of my bank account. I am looking for a way to transfer the money from my bank account, to bitcoins. And then some kind of way to withdraw the bitcoins back into cash. Mainly I am looking for a way to break the link between the initial bank account, and the cash at the end. I figured using bitcoins in the middle would be the best way to do this. Please could somebody offer me some advice or some services that are able to do this.

I think you can do that, by transferring you cash from you bank account to bitcoin wallet. There is some wallets, which they allow buying bitcoin from there for exemple Xapo. After that you can easily do gambling with 99% chance for win. I mean placed a bet with 1.01 odd. There is Dice in direct bet site, which you can place this bet. so after that you can get you bitcoins and convert them into cash again.

[KuromaYoichi]

I think it's quite hard to do that. In order to withdrawn the cash from the bank, you will leave a transcation history. You can buy somebitcoin from another person in cash if you don't want to leave any trace. If you already get the bitcoin, things become easier. The hard part is withdrawing your money from your bank account.

[countryfree]

If it's not a large sum, I guess you could do it in some casinos. You go there with a cashier's check, and they will give you chips. You spend an hour or two looking at the people playing, then you leave, asking to exchange your chips to cash. It's been done before. That's not money laundering, that's money darkening.

[Kakmakr]

Seems like you have hacked in to someone else's bank account. Here is the best method for you:

1. Withdraw the money in physical cash
2. Use localbitcoins to find a seller who will trade with you in person, accepting cash for BTC
3. Once you have the BTC in your wallet, order pre-paid VISA debit cards using these coins
4. Use any ATM in your vicinity to withdraw cash from these debit cards.

Be careful if you are using the Polish debit cards. They can be loaded from just three different bank accounts. If you try with more accounts, then they will block your card and freeze your funds.

1. There are CCTV everywhere at ATM'S or banks, so that would be your first mistake.
2. The person who you are selling to might be a undercover cop.
3. Signing up for any credit card or debit card will leave a paper trail.
4. You will once again be identified from CCTV footage.

Your best bet would be to meet people at Bitcoin meetups and establish a "trade" relationship with a trusted member, and then to trade in and out of fiat that way. < Just hope that this person is not a government agent too >

[Windpower]

Hi. I have some money in a bank account. I have the ability to do transfers out of my bank account. I am looking for a way to transfer the money from my bank account, to bitcoins. And then some kind of way to withdraw the bitcoins back into cash. Mainly I am looking for a way to break the link between the initial bank account, and the cash at the end. I figured using bitcoins in the middle would be the best way to do this. Please could somebody offer me some advice or some services that are able to do this.

That is possible. If you have cash and you want to convert it into Bitcoin, you have to give the website you are buying the Bitcoin off your identification, which isn't really a big deal. When you receive the Bitcoin, you can put it into a Bitcoin mixer and then there is no way to track the Bitcoin that you have. However, when you want to sell the Bitcoin, you have to just do it in person because if you do it online, they can trace it back to your name.

[Belaqua]

Perhaps this was mentioned but I would suggest this: Withdraw the money in cash and put into a new bank account. Connect new bank account to Bitsquare, a decentralised exchange, where you will use your dollars to buy BTC. Move your BTC to Poloniex or similar exchange and use it to buy Monero (XMR). Meantime download the Monero GUI and synch a full node. Set up 2 or 3 wallets. Once your node is fully synched move your XMR into wallet A which is hosted on your VPN protected home computer. Mover again from wallet A to B > C using a high mixin level fo enhanced privacy. Finally, use XMR.to to move convert your XMR back to BTC where you can use local bitcoin to convert back into fiat and place back into the original bank account.

[bitbunnny]

If you want to do this transaction without any direct trace to Bitcoin maybe the best way would be that you find some trader on localbitcoins. Traders there also have person bank accounts that couldn't be connected with Bitcoin and later on you could sell Bitcoins on the same principle.
Or you can trade with someone face to face.

[Amph]

as far as i know there is no way to do that, to convert bitcoin directly in cash, unless you do it in real life

buy bitcoin with your debit card, first step, then meet someone in your zone or where you want, second step, sell your coin to him and he give you the cash

[severaldetails]

The moment money goes off or on a bank account, it is always traceable.
The only way to keep it completely off the records would be to do it all in cash.
But cash transactions have their negative sides as well.

[Diced90]

I am looking for a way to transfer the money from my bank account, to bitcoins. Mainly I am looking for a way to break the link between the initial bank account, and the cash at the end.

The best way to get bitcoins will be to withdraw the cash from your account and buy them from someone in your area or pay a higher fee using paypal or use wu or mg. If you like buy the bitcoins with the bank account then use them to trade for altcoins on shapeshift and back to bitcoins.

And then some kind of way to withdraw the bitcoins back into cash.

At this point the link is broken and you should be able to use the currency exchange on the forum or LBC to sell your BTC for cash using mg or wu

[LittleBitFunny]

If you don't want to be traced, you definitely shouldn't be transferring with your bank account - then the company e.g. Coinmama will have a record of the transaction even if they don't ask for ID.  Plus, companies like that and even exchanges tend to have high fees if they don't ask for ID.  So, my suggestion would be:

1. Get your bank account money into physical cash.
Bank accounts can be traced, but physical money could have been spent anywhere and no one will know about it.  This is especially true if you do it with some in private rather than with a company/registered business.

2. Go to a P2P exchange of Bitcoins - the biggest of these is probably Local Bitcoins.
You don't want to be exchanging directly with the company.  These exchanges will find you people in your area - make sure you do the exchange with people who have positive feedback.

3. Meet up with these people.  To be safe, exchange in a public place using physical cash.  If you're participating in illegal activities, (obviously) make sure not to mention it.

[danherbias07]

Hi. I have some money in a bank account. I have the ability to do transfers out of my bank account. I am looking for a way to transfer the money from my bank account, to bitcoins. And then some kind of way to withdraw the bitcoins back into cash. Mainly I am looking for a way to break the link between the initial bank account, and the cash at the end. I figured using bitcoins in the middle would be the best way to do this. Please could somebody offer me some advice or some services that are able to do this.

Ain't this like the one thread asking for the way to get out from Paypal to bitcoin to another bitcoin address then back to Paypal?
Is that you also?
Seems like there are illegal things that you want to be done. Why not just get that money from the bank into cash then buy bitcoin right? You are just making it harder for yourself. Don't you have that way in your country?