Cashout BitCoin

[PeterZhow]

I ask for info to all the experts.

The situation is as follows:
A customer has to buy goods and can only pay by bank transfer.

My supplier, on the other hand, wants to receive the money in cash only.

We are talking about an average volume of 80k per month.

Which solution do you think is most suitable for this type of operation?

 

[CaptK]

That's difficult because cash is hard to come by except from drug dealers. Will the seller accept BTC.

 

[NicolasMaduro]

I think your first issue is finding a bank who will let you withdraw 80.000 USD/EUR/GBP per month in cash,
to pay a supplier.

Also I have never heard of any legit operation doing it like this, so I assume its shady business.

You also have bitcoin in your title, but you don´t mention bitcoin in your thread?

So do your "supplier" also accept bitcoin?

 

[PeterZhow]

NicolasMaduro said:
So do your "supplier" also accept bitcoin?
Click to expand...

I can try to convince him but he too will have the problem of paying his suppliers and his employees.

 

[CaptK]

Where is the supplier based?

 

[kastiauto]

PeterZhow said:
I can try to convince him but he too will have the problem of paying his suppliers and his employees.
Click to expand...

If he accepts Bitcoin, then he can later pay his company bills, invoices, salaries by Bitcoin using Piixpay. He needs to send out btc, piixpay will exchange this to euros, and transfers money to the recipient's bank account.

 

[PeterZhow]

CaptK said:
Where is the supplier based?
Click to expand...

Italy

 

[Martin Everson]

PeterZhow said:
Italy
Click to expand...

Not in the hills of Columbia? ca#"!

Sounds shady as hell.

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[PeterZhow]

Martin Everson said:
Not in the hills of Columbia? ca#"!

Sounds shady as hell.
Click to expand...

believe me, nothing shady.
in fact I would like to pay everything regularly by bank transfer but the supplier does not want to declare anything.
Very stupid supplier

 

[sergiog]

BTC ATM , no id options , more transactions .. for 80k you will need one week to cash them out I believe

 

[Martin Everson]

sergiog said:
BTC ATM , no id options , more transactions .. for 80k you will need one week to cash them out I believe
Click to expand...

He might as well buy gold bars with BTC and flip them. The margin loss will be less than those BTC ATM fees 😕.

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[PeterZhow]

Martin Everson said:
He might as well buy gold bars with BTC and flip them. The margin loss will be less than those BTC ATM fees 😕.
Click to expand...

Is there anyone reliable selling gold for BTC?

sergiog said:
BTC ATM , no id options , more transactions .. for 80k you will need one week to cash them out I believe
Click to expand...

What is the commission?

 

[4br]

Not sure exactly what you are trying to do, as you don't specifically say.

However, if you want to deal with Bitcoin Dukascopy have BTC deposites at 0% and withdrawal at 10 USD - Account Funding In Crypto :: Dukascopy Bank SA | Swiss Forex Bank | ECN Broker | Managed accounts | Swiss FX trading platform

 

[sergiog]

PeterZhow said:
What is the commission?
Click to expand...

5% on shitcoin atms better than gold.
for gold you also need id.

PeterZhow said:
Is there anyone reliable selling gold for BTC?
Click to expand...

check out bitpay directory

Martin Everson said:
He might as well buy gold bars with BTC and flip them. The margin loss will be less than those BTC ATM fees 😕.
Click to expand...

for cash is the best solution around ....and 5% is not a big fee.

 

[Martin Everson]

PeterZhow said:
Is there anyone reliable selling gold for BTC?
Click to expand...

Yes bullionstar.com in Singapore.

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[isyet]

PeterZhow said:
I ask for info to all the experts.

The situation is as follows:
A customer has to buy goods and can only pay by bank transfer.

My supplier, on the other hand, wants to receive the money in cash only.

We are talking about an average volume of 80k per month.

Which solution do you think is most suitable for this type of operation?
Click to expand...

You can find the most extensive information on this subject in Mentor Gold Group.