3 ms·
You can sell Bitcoin in person for cash.
by CydeWeys 7y ago
You can sell Bitcoin in person for cash.
- kjeetgill 7y agoIs there a big enough cash market for it to be worth "criminal enterprise" level money?
- Karunamon 7y agoI'm not sure what you're defining as "big enough" here, but localbitcoins.com shows verified, well-reviewed people in my smallish city that would be willing to do up to $30KUSD in one transaction.
- w1nst0nsm1th 7y agoIf they don’t require an ID card from their cash receiver.
- CydeWeys 7y agoThe kind of people you're transacting Bitcoin for cash with definitely don't want to check ID, just the opposite. They likely don't want you to know who they are either.
- notyourday 7y agoAnd now that person knows exactly who you are.
- johnpowell 7y agoThen the feds find the guy you sold to when they try to sell them on Coinbase. And that person knows your e-mail, number, what you look like. You had to get the coins to them somehow. Actually, that is kinda scary. The bitcoin I just got for selling a shirt could be one transaction away from child pornography. And it is all in a pubic database.
- klipt 7y agoI'm assuming someone looking to launder a large quantity of BTC wouldn't spend it all on individually purchased shirts. But who knows.