BTC cash

[Elkokain]

Hello everyone,

I would like to know how to launder big amounts of BTC into cash. Will pay for consultation. Ok if you know it. Thank you.

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[Jawhead999]

It's will depend on your country to know what fiat supported in the exchanges.

I think you're want to hide your privacy, so the best choice is using P2P platform (e.g. bisq, hodl hodl, localbitcoins) and use Bitcoin mixer (e.g. Chipmixer) it will break the tails of your transaction, you'll stay anonymously.

[Lucius]

If you don't want to leave any trace that would lead to you at some point, the only way is to sell BTC to someone directly for cash - but it's always risky if you're working with complete strangers. There are perfectly legal ways (for now) at least as far as some EU countries are concerned to sell larger quantities of crypto without KYC (cash in hand), but that again depends on your location.

I hope you just want to avoid paying taxes, because if it's a BTC that is the result of some scam, no one will want to have anything to do with it - except of course some bad guys from the criminal underworld - but it is still the worst option.

[The Cryptovator]

Cleaning your BTC isn't a very hard task, you can do it by using a reputed bitcoin mixer. But the real concern is cashing out it for real cash. Since you are asking for Laundering, means you are unable to sell via bank, otherwise the bank would ask for the source of funds. These problems will occur even you sell peer-peer exchanges for real cash. When you receive money from your bank, then still they would ask from where you received it.

So, the suggestion is to use multiple bank account (your family or friends) for receiving funds since the amount is big. Of course, you have to mix first. I am assuming funds weren't coming from criminal activity. Because a criminal knows how he should handle his funds. Using bitcoin ATM also helps you if available in your country.

[HabBear]

You want to launder BTC into cash...so you want your BTC to be "scrubbed" clean of it's source and journey into becoming cash. The only way to do this would be to put the BTC into a cold wallet and then sell that cold wallet to someone for cash, where the negotiation and transaction occur in person (to prevent any online record of the discussion).

You could use a bitcoin mixer to scrub the source of the BTC before it hits that cold wallet, but that would only be needed to protect the buyer of your coins, not for you personally. Because once you sell that cold wallet your connect to it is gone.

What you're trying to avoid is the record of exchanging Bitcoin for cash and depositing that cash into a bank account that keeps records of such transactions.

[Insanerman]

Hello everyone,

I would like to know how to launder big amounts of BTC into cash. Will pay for consultation. Ok if you know it. Thank you.

The best way to turn your huge BTC onto money is just by P2P. Using exchanges, banks, and even crypto cards could be used to trace you especially once your local government noticed how much money you just instantly had. Also, it would still be depending on the laws of your local government and nearby banks with regards to crypto. You can even easily withdraw in banks if they accept BTC and/or you pay your taxes well. It is also not advisable to do tax fraud, regardless of earning with Bitcoin or not. I mean, it is still better be safe than sorry. And yes, whatever your choice is, better keep using mixers to have more anonimity with your holdings.

[nakamura12]

I agree with coolcryptovator's way im receiving cash since it is a big amount of money rather than receiving the whole amount. I have tried doing receiving funds in different bank accounts which I use mine and my brother and sister's bank accounts before withdrawing the money so the bank won't notice where you get the money from since you are asking how to launder btc into cash. Not that I tried laundering money since I got it from signature campaign which if I convert to cash it will be huge amount.

[Evilish]

You can use a wallet with CoinJoin functionality such as Wasabi Wallet to anonymize your BTC to some extent.

Here's an article if you wanna learn more on how CoinJoin works:
https://medium.com/@keratichop/how-to-use-wasabi-wallet-coinjoin-guide-3102f8cc5d3c

Going from there you can find a buyer on a P2P exchange such as Bisq or LocalCrypto.

This is still not going to be 100% bulletproof though, there's always a possibility of the transaction being traced back to you, albeit a slight one. If you want better anonymity, you can pass through multiple rounds of coinjoin / mixers / tumblers, then convert your BTC to a privacy coin such as Monero, and sell that privacy coin for fiat.


P.S. I've personally never done any of this, and I don't advocate for any illegal or criminal activities. Just sharing for educational purposes.

[Bitcoin_Arena]

I think you're want to hide your privacy, so the best choice is using P2P platform (e.g. bisq, hodl hodl, localbitcoins) and use Bitcoin mixer (e.g. Chipmixer) it will break the tails of your transaction, you'll stay anonymously.

Localbitcoins might not be a good choice since it's a custodial p2p exchanges. They can easily flag off OP's account due to"suspicious transactions" and block his funds and start asking for the proof of the source of Bitcoins. Now you don't want to be in the situation even if you have your Bitcoin stash from 2011.

Bisq, Localcryptos, HodlHodl would be a good choice

@Lucius talks about selling those bitcoins for cash, It's a very good option even for noncustodial p2p platforms as it will eliminate any third party like bank from questioning your source of funds, but the challenge is getting that one trustworthy trader from your country who you can meet to sell off your Bitcoins worth lots of cash.
I have heard stories of bitcoin sellers getting robbed when it comes to bitcoin for cash trades. So be very careful.

[Myleschetty]

Hello everyone,

I would like to know how to launder big amounts of BTC into cash. Will pay for consultation. Ok if you know it. Thank you.

If you total anonymity, I will advise you to use the Bitcoin mixer mentioned earlier with wasabi wallet and split sell the BTC through the P2P exchange site mentioned but I prefer Remitiano cause their service there and trading time frame after your deposit BTC has 1 confirmation is just 15mins.

Note : it not advisable to do something which is against your country's authority.