How to get paid for my 600 BTC?

[ltc-Giveaways]

A friend of mine got an offer to sell his 600 BTC to some chinese businessman.
The problem is how to transfer money from China to EU.
Do you have some ideas?

[1714816274]

1714816274

[purple.thoughts]

Why not convert it to Bitcoin and ask the receiver that you will send the money through bitcoin.

[ltc-Giveaways]

We have BTC and hes got cash, we can send him BTC, but don't have a clue how to get the cash? 

[SimplyEverything]

We have BTC and hes got cash, we can send him BTC, but don't have a clue how to get the cash? 

Wire transfer? Use an escrow service for this like localbitcoin or some other services out there.
i do escrow as well, you can choose escrow in BCT.

[purple.thoughts]

Oh I see. Have you tried paypal? You can also try that or try to ask some money remittances from your country if they are receiving a chinese yuan to euro or vice versa.

[loughlin]

I am on Europe, and maybe I have the possibility for cash out of such a big BTC amount. But probably you will need to come to Europe for "money" it can be very complicated for wire transfer.

[SimplyEverything]

Oh I see. Have you tried paypal? You can also try that or try to ask some money remittances from your country if they are receiving a chinese yuan to euro or vice versa.

NEVER USE PAYPAL for transaction due to chargebacks...

[btc78]

A friend of mine got an offer to sell his 600 BTC to some chinese businessman.
The problem is how to transfer money from China to EU.
Do you have some ideas?

i guess you better get some escrow but this is a huge amount so maybe best to do is make the transactions by per 50 btc each,so the risk is smaller than bulk of 600btc


Or another option since this is a big amount why not either you go to EU or the buyer will goo china to make the transaction smooth..this was the first time I encountered this kind so i hope what ive said can help.

Goodluck mate

[ltc-Giveaways]

What about many bank accounts in Serbia which will get 10000 eur each? for example?

[St4yInTh3D4rk]

A friend of mine got an offer to sell his 600 BTC to some chinese businessman.
The problem is how to transfer money from China to EU.
Do you have some ideas?

The amount for that bitcoin is around $4.5 Million so you need to transfer it via bank accounts but changing huge amount will cause you huge taxes so you can split up your trade and do it gradually and also use escrow for big transaction then your funds will be safe.Paypal is not a good option because they will charge you more heavy taxes than bank transfer.

[Zerbis]

Only a Fool will sell 600 BTC to a person. Bank trasnfer should be disputed at any time!
That's amount of bitcoin need to be traded on well known exchange like Kraken.

A friend of mine got an offer to sell his 600 BTC to some chinese businessman.
The problem is how to transfer money from China to EU.
Do you have some ideas?

[Tankdestroyer]

Do you have some ideas?

Your friend would be better off selling that amount of bitcoin slowly on centralized exchanges. If he really insists on transacting with the Chinese businessmen, then they can use Western Union's money sending service to send money from China to Europe(but I doubt if that amount of money will be questioned or not by regulators so be careful). Another good way for them to settle their transaction is to follow this tip made by a comment above(I edited it a little in the quote):

why not either you go to EU(China in your friends case) or the buyer will goo china(to Europe) to make the transaction smooth

And meetup would be made in a safe place(specifically near a police station for safety).

[Jating]

A friend of mine got an offer to sell his 600 BTC to some chinese businessman.
The problem is how to transfer money from China to EU.
Do you have some ideas?

The amount for that bitcoin is around $4.5 Million so you need to transfer it via bank accounts but changing huge amount will cause you huge taxes so you can split up your trade and do it gradually and also use escrow for big transaction then your funds will be safe.Paypal is not a good option because they will charge you more heavy taxes than bank transfer.

Plus it will cause a red flag for banks to see this kind of amounts being transferred overseas. I suggest face to face, or like sort of LocalBitcoins transactions. That's a fairly huge amount so I would be very careful on dealing with the other side unless you really know this guy.

So can also do small transactions to not raise suspicious if you really insist of not meeting the buyer. At least in this way, its going to be safe on both side. Of course, escrow is a must, but I'm not sure who you going to trust with that huge amount.

[St4yInTh3D4rk]

A friend of mine got an offer to sell his 600 BTC to some chinese businessman.
The problem is how to transfer money from China to EU.
Do you have some ideas?

The amount for that bitcoin is around $4.5 Million so you need to transfer it via bank accounts but changing huge amount will cause you huge taxes so you can split up your trade and do it gradually and also use escrow for big transaction then your funds will be safe.Paypal is not a good option because they will charge you more heavy taxes than bank transfer.

Plus it will cause a red flag for banks to see this kind of amounts being transferred overseas. I suggest face to face, or like sort of LocalBitcoins transactions. That's a fairly huge amount so I would be very careful on dealing with the other side unless you really know this guy.

So can also do small transactions to not raise suspicious if you really insist of not meeting the buyer. At least in this way, its going to be safe on both side. Of course, escrow is a must, but I'm not sure who you going to trust with that huge amount.

I don't know why he want to sell like this,I suggest him to go with an exchange for selling the crypto currencies and huge amount means the chance of scam in these kind of transaction is high.So sell the bitcoins at the different exchange into partitions for the actual market rate which can be the best and all his money will be safe.Use multiple bank accounts while selling.

[carter34]

In this kind of issue, there is no need endangering your btc. Sell it gradually through exchange and be free from risk. You can use binance and others. You have a big amount of btc, wish you luck that you don't enter a wrong hand.

[aardvark15]

A friend of mine got an offer to sell his 600 BTC to some chinese businessman.
The problem is how to transfer money from China to EU.
Do you have some ideas?

Getting money from someone in another country is going to be risky. I suggest that he gradually sell those Bitcoins on localbitcoins or some other site that allows cashing out.

If he insists on selling to someone in China, then he should do it in parts. Just send a small amount and wait for payment before sending another small amount. Do this until it is all sent. It could take a long time, but it’s safer that way.

[whirlcoin]

A friend of mine got an offer to sell his 600 BTC to some chinese businessman.
The problem is how to transfer money from China to EU.
Do you have some ideas?

Getting money from someone in another country is going to be risky. I suggest that he gradually sell those Bitcoins on localbitcoins or some other site that allows cashing out.

If he insists on selling to someone in China, then he should do it in parts. Just send a small amount and wait for payment before sending another small amount. Do this until it is all sent. It could take a long time, but it’s safer that way.

Even localbitcoins is also not suitable to sell for huge amiunt of bitcoins as once we have to do many trades to sell them.But I think this is a biggest negative of crupto field if a big investor want to cashout the process is not easy.

[billknight]

Why not convert it to Bitcoin and ask the receiver that you will send the money through bitcoin.

Agree with your comments. But to convert to bitcoin then I think it would be more expensive than converting money into xrp coin. As such, transactions will become much faster and cheaper

[Dukjila]

This is a very large amount, for the transfer. Minus tax, which will be considerable. It is necessary to divide, sell in parts and on different bank accounts.

[RodeoX]

I would fly there. For that kind of money a plane ticket is negligible. Meet in person and have the buyer do a bank transfer. When that is confirmed call a friend sitting at your synced wallet. That friend then initiates a bitcoin transaction that you and the buyer can see confirming.  Relax and have a drink together. In about an hour it will have sufficient confirmation. I would require six confirmations for that much money.

Now you have the cash and they have the BTC

P.S. This is not going to work if you think you can hide the money from the tax man. I can almost guarantee you that this will get noticed by all governments involved.