4 ms·
I don't think you know how drug dealers do it. local.bitcoin.com is what drug dealers use these days. it's non-custodial, is not a "company" (so it can't be reg
by steveeq1 7y ago
I don't think you know how drug dealers do it. local.bitcoin.com is what drug dealers use these days. it's non-custodial, is not a "company" (so it can't be regulated) and is trustless because it uses data signatures. (kind of like a multi-sig wallet) I'd say converting to fiat from bitcoin is one of the EASIER things they have to do.
If you want to go to the BTM route, they convert to monero, and use the "monerujo wallet" to auto-convert to bitcoin at the BTM. The only downfall is the btm asks for ID after $2000 or so. So I assume it's taxed in some way. The margins on drugs is high enough where the extra fee they have to pay is negligable