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Realising Profits
Posted: Fri Apr 05, 2019 11:42 am
by MrID
Right, got a large sum of money in my bitcoin wallet.
Currently have multiple bank accounts (edited out names just in case)
What is the safest way to withdraw the money without being asked any questions? I know where to sell the BTC and all, just don’t want to have to make up any stories for the bank, or be questioned by authorities.
TIA
Re: Realising Profits
Posted: Fri Apr 05, 2019 12:35 pm
by SabreTooth
Buy things in btc and sell them for cash
Re: Realising Profits
Posted: Fri Apr 05, 2019 3:17 pm
by MrID
wilk007 wrote: ↑Fri Apr 05, 2019 2:30 pm
MrID wrote: ↑Fri Apr 05, 2019 11:42 am
Right, got a large sum of money in my bitcoin wallet.
Currently have bank accounts with Monzo, Revolution, HSBC.
What is the safest way to withdraw the money without being asked any questions? I know where to sell the BTC and all, just don’t want to have to make up any stories for the bank, or be questioned by authorities.
TIA
Large sum can mean different things to different people.
If it's 3 figures, just sell them and withdraw to your bank.
If it's 4 figures but under 5k probably just drip feed it into your accounts bit by bit (a few hundred per month to each account)
If it's over 5k then like sabre said buy shit with btc and sell it for cash.
Thanks, where can I purchase things such as laptops etc using bitcoin? Or general goods. Can’t seem to find any large retailers that accept it in the UK.
Re: Realising Profits
Posted: Sat Apr 06, 2019 2:06 pm
by MrID
Brilliant. Thanks all!