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Reselling & Payments
Posted: Mon Jun 18, 2018 6:05 pm
by MrID
So I know that you should use encrypted email, wickr and vpn/tor when dealing with ID’s.
I used to accept paypal but realised how stupid that was. I started accepting bank transfers and bitcoins instead. The only worry I have is the bank contacting me when they see a constant value coming in everyday, multiple times.
How do you all avoid banks asking questions? How can I stay hidden?
Re: Reselling & Payments
Posted: Mon Jun 18, 2018 7:31 pm
by Runin28
This has been spoken about a million times in the last week. Use bitcoin only, cash if you have to.
There is no way to hide your activity from your bank while using a bank account in your own name.
Re: Reselling & Payments
Posted: Mon Jun 18, 2018 8:00 pm
by MrID
Runin28 wrote: ↑Mon Jun 18, 2018 7:31 pm
This has been spoken about a million times in the last week. Use bitcoin only, cash if you have to.
There is no way to hide your activity from your bank while using a bank account in your own name.
Is there a way to set up a bank under say a business name U18? Surely this would create more questions? I see btc traders using ‘xyz ltd’ the whole time whilst saying do not mention btc in refrence. Is there a similar set up here too?
Re: Reselling & Payments
Posted: Mon Jun 18, 2018 10:36 pm
by Runin28
MrID wrote: ↑Mon Jun 18, 2018 8:00 pm
Runin28 wrote: ↑Mon Jun 18, 2018 7:31 pm
This has been spoken about a million times in the last week. Use bitcoin only, cash if you have to.
There is no way to hide your activity from your bank while using a bank account in your own name.
Is there a way to set up a bank under say a business name U18? Surely this would create more questions? I see btc traders using ‘xyz ltd’ the whole time whilst saying do not mention btc in refrence. Is there a similar set up here too?
Opening a business account solves no problems, pretty sure you need to have a registered company first. Banks keep records of everything, and in this case that's the problem.
Re: Reselling & Payments
Posted: Tue Jun 19, 2018 4:50 pm
by Chinobey
patch wrote: ↑Mon Jun 18, 2018 11:01 pm
https://ibb.co/dmZ6ud
Had this from my bank yesterday, I’ve had around £70k through my account from some id’s (probably around £10k ish from id’s) and the rest from other bits I do mainly.
Go careful g
How did you explain that then? I would probably try to go though the route of private sale of bitcoins or something along the lines of that
Re: Reselling & Payments
Posted: Tue Jun 19, 2018 5:17 pm
by Runin28
Chinobey wrote: ↑Tue Jun 19, 2018 4:50 pm
patch wrote: ↑Mon Jun 18, 2018 11:01 pm
https://ibb.co/dmZ6ud
Had this from my bank yesterday, I’ve had around £70k through my account from some id’s (probably around £10k ish from id’s) and the rest from other bits I do mainly.
Go careful g
How did you explain that then? I would probably try to go though the route of private sale of bitcoins or something along the lines of that
Banks will go ape shit if you say you sell bitcoins as cryptos make them absolutely redundant.
Re: Reselling & Payments
Posted: Tue Jun 19, 2018 5:29 pm
by Chinobey
Runin28 wrote: ↑Tue Jun 19, 2018 5:17 pm
Chinobey wrote: ↑Tue Jun 19, 2018 4:50 pm
patch wrote: ↑Mon Jun 18, 2018 11:01 pm
https://ibb.co/dmZ6ud
Had this from my bank yesterday, I’ve had around £70k through my account from some id’s (probably around £10k ish from id’s) and the rest from other bits I do mainly.
Go careful g
How did you explain that then? I would probably try to go though the route of private sale of bitcoins or something along the lines of that
Banks will go ape shit if you say you sell bitcoins as cryptos make them absolutely redundant.
They can get as pissed as they want close my account if they want to but that seems like the most legit excuse i could think of i mean i must have 100 different people who have sent me money.
Re: Reselling & Payments
Posted: Tue Jun 19, 2018 6:57 pm
by Chinobey
patch wrote: ↑Tue Jun 19, 2018 6:56 pm
Chinobey wrote: ↑Tue Jun 19, 2018 4:50 pm
patch wrote: ↑Mon Jun 18, 2018 11:01 pm
https://ibb.co/dmZ6ud
Had this from my bank yesterday, I’ve had around £70k through my account from some id’s (probably around £10k ish from id’s) and the rest from other bits I do mainly.
Go careful g
How did you explain that then? I would probably try to go though the route of private sale of bitcoins or something along the lines of that
I’m just going to say I closed a onetime investment I made when I was younger.
Yh thats what i am gonna say pretty much but just sold in parts through sites like bitbargain and local bitcoins