briefcase full of cash

[dKingston]

if I had a briefcase with $250k in it and I wanted to buy bitcoins who would I talk to? or is that not even possible these days?

[1714997553]

1714997553

[1714997553]

1714997553

[cr1776]

Localbitcoins buying smaller amounts since I doubt anyone would do that much at once. Depending on your location you might have to contend with their laws on money transmitting. An attorney might help there.

Beware of advice on here of course because the law varies and I dobt anyone knows them all.  I'd also make clear this might be hypothetical.

 

[pereira4]

Localbitcoins buying smaller amounts since I doubt anyone would do that much at once. Depending on your location you might have to contend with their laws on money transmitting. An attorney might help there.

Beware of advice on here of course because the law varies and I dobt anyone knows them all.  I'd also make clear this might be hypothetical.

 

Well apparently you can get your ass wooped in LocalBitcoins.
What I would do is buy small amounts of Bitcoins in a long period of time to not raise any eyebrows.

[Bobsurplus]

Of course its possible.. You just need to have the right connections.

[seriouscoin]

if I had a briefcase with $250k in it and I wanted to buy bitcoins who would I talk to? or is that not even possible these days?

You contact Roger Ver. He would give rat shit about US regulation.

[MrGreenHat]

if I had a briefcase with $250k in it and I wanted to buy bitcoins who would I talk to? or is that not even possible these days?

You would talk to me.

[commandrix]

Don't spend it all at one exchange. And make sure you use at least a dozen Bitcoin addresses when transferring it to cold storage.

[Bit_Happy]

if I had a briefcase with $250k in it and I wanted to buy bitcoins who would I talk to? or is that not even possible these days?

Briefcases are not big enough, if you can fill a closet w/ clean cash then we should talk.   



Seriously, the advice to aim for smaller trades is a good idea.

[koshgel]

You could probably do 250k with the right connects but easier to break it up as other people have said. Pushing 5 sets of 50k wouldn't be crazy difficult through localbtc

[bornil267645]

A briefcase with $250k is a big amount to buy bitcoins. People are mainly spend small amount of cash for bitcoin, but for big amount you should have to go in the right connection, right place and right dealer.

[QuestionAuthority]

if I had a briefcase with $250k in it and I wanted to buy bitcoins who would I talk to? or is that not even possible these days?

Try BurtW, I hear he performs large cash trades with strangers.

Oops, too soon?

[Q7]

Let me know when you are buying the coins as i expect market price to go up a little when you do that.

[MadZ]

Let me know when you are buying the coins as i expect market price to go up a little when you do that.

The market price would probably be unaffected by a cash transaction not done on an exchange.

[Hamuki]

Buy the BTC in Denmark.

There is no regulation or any tax to pay or state.

So Denmark is a good place

[Bitcoinexp]

Hypothetically, you would be arrested cause of regulations. But, if you're not a stickler of rules and what-not, you could try splitting amounts and buying bit by bit off localbitcoins.com. If.

[phillipsjk]

Hypothetically, you would be arrested cause of regulations. But, if you're not a stickler of rules and what-not, you could try splitting amounts and buying bit by bit off localbitcoins.com. If.

In the United States, making frequent transactions under reporting thresholds is considered "structuring", and illegal.

Your bank account can be seized just for spending less than you earn over 10 years.
Luckily, not all countries are that insane.

In Canada, it is merely suspicious (but not illegal).

[pawel7777]

Since the OP didn't say the cash is from illegal activities, he could just deposit to the bank account (providing proof of cash being legit) and then buy BTC anywhere (exchange, local bitcoins etc).

Your bank account can be seized just for spending less than you earn over 10 years.
Luckily, not all countries are that insane.

In Canada, it is merely suspicious (but not illegal).

That doesn't make sense. Did you mean 'spending more'?

[countryfree]

I wouldn't risk to make such a large transaction with cash. For that kind f money, some people could try to set up a fake wallet...

[freedomno1]

if I had a briefcase with $250k in it and I wanted to buy bitcoins who would I talk to? or is that not even possible these days?

Ryan Kennedy, sorry some dark humor there
It would be possible if you contacted all the local bitcoin merchants and purchase from them separately but you would need to do transactions with a lot of different individuals if you were not interested in using an exchange.

[EFS]

Donators board.