Buy and Sell Bitcoins for Cash Deposit Into Bank Account

Anon136 (OP)

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Buy and Sell Bitcoins for Cash Deposit Into Bank Account

November 09, 2014, 07:30:06 PM
Last edit: November 09, 2014, 07:54:17 PM by Anon136

#1

I'm considering dabbling in buying and selling bitcoins for bank cash deposit if anyone is interested. Lets start out at say 5% over spot for purchases and 5% under spot for sales and see how it goes.

It's a little bit more than coinbase charges but you won't even have to have a bank account for purchases and you wont need to do any of that onerous registration and compliance stuff for sales. I'm basically going to treat it like I'm a localbitcoins vendor. This service will be for friends not the whole world. The moment it gets big enough that I start getting worried about drawing the attention of the jackboots I'll just raise my prices until the volume comes back down low enough for me to feel like I'm safely flying under the radar again.

I bank at wells fargo. If sufficient interest is shown than ill expand out and open accounts in other popular national chains.

Anyway do leave me any feedback you deem valuable. Thanks!

Code:

-----BEGIN BITCOIN SIGNED MESSAGE-----
Buy and Sell Bitcoins for Cash Deposit Into Bank Account - Anon136 - 091114
-----BEGIN SIGNATURE-----
14JSyQrwABxphviQUMwzxvGtTYxFBCeYQ8
IK23WZiUsKvXKMdwEAjZ1Gnk03MZORQjvqlOffGnFtM7WZip2bIwwfg1DBJUKsVvO3U1jHMLHESIy64UEYfyfkw=
-----END BITCOIN SIGNED MESSAGE-----

P.S. That is a new address that I'm going to start building reputation on. It's on my trezor. Its also now registered to my OTC Web of Trust account, with the handle Anon136 on the WoT as well. http://bitcoin-otc.com/viewgpg.php?nick=Anon136

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?

ruletheworld

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Re: Buy and Sell Bitcoins for Cash Deposit Into Bank Account

November 09, 2014, 07:34:22 PM

#2

Quote from: Anon136 on November 09, 2014, 07:30:06 PM

I'm considering dabbling in buying and selling bitcoins for bank cash deposit if anyone is interested. Lets start out at say 5% over spot for purchases and 5% under spot for sales and see how it goes.

It's a little bit more than coinbase charges but you won't even have to have a bank account for purchases and you wont need to do any of that onerous registration and compliance stuff. I'm basically going to treat it like I'm a localbitcoins vendor. This service will be for friends not the whole world. The moment it gets big enough that I start getting worried about drawing the attention of the jackboots I'll just raise my prices until the volume comes back down low enough for me to feel like I'm safely flying under the radar again.

Anyway do leave me any feedback you deem valuable. Thanks!

Aren't there such services already? Back in the day, I used Bitcoin Brokers and was pretty happy with their service. I haven't used them in a long time though.
See: https://bitcointalk.org/index.php?topic=237164.440
No harm replicating it, of course.

Anon136 (OP)

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Re: Buy and Sell Bitcoins for Cash Deposit Into Bank Account

November 09, 2014, 07:43:15 PM

#3

Quote from: ruletheworld on November 09, 2014, 07:34:22 PM

Quote from: Anon136 on November 09, 2014, 07:30:06 PM

I'm considering dabbling in buying and selling bitcoins for bank cash deposit if anyone is interested. Lets start out at say 5% over spot for purchases and 5% under spot for sales and see how it goes.

It's a little bit more than coinbase charges but you won't even have to have a bank account for purchases and you wont need to do any of that onerous registration and compliance stuff. I'm basically going to treat it like I'm a localbitcoins vendor. This service will be for friends not the whole world. The moment it gets big enough that I start getting worried about drawing the attention of the jackboots I'll just raise my prices until the volume comes back down low enough for me to feel like I'm safely flying under the radar again.

Anyway do leave me any feedback you deem valuable. Thanks!

Aren't there such services already? Back in the day, I used Bitcoin Brokers and was pretty happy with their service. I haven't used them in a long time though.
See: https://bitcointalk.org/index.php?topic=237164.440
No harm replicating it, of course.

Absolutely nothing new here. Just adding a bit more decentralization to the market. Always a good thing I think.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?

Anon136 (OP)

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Re: Buy and Sell Bitcoins for Cash Deposit Into Bank Account

November 11, 2014, 01:18:18 AM

#4

Quote from: segvec on November 10, 2014, 10:18:16 PM

Do you have yahoo messenger or Skype?
Thanks.

I have used skype before. I'll go ahead and download and install it now. What is your handle?

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?

Anon136 (OP)

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Re: Buy and Sell Bitcoins for Cash Deposit Into Bank Account

November 11, 2014, 05:54:40 PM

#5

bump

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?

bahamapascal

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Re: Buy and Sell Bitcoins for Cash Deposit Into Bank Account

November 11, 2014, 09:39:05 PM

#6

Do you also handel International wire transferes?