Anyone do this? Seems pretty lucrative. I have a shitload of spare time I could be setting up deals. I'm an able bodied man, I wouldnt be afraid of being ripped off or scammed.
Seems pretty easy to by BTC on an exchange and then sell it marked up for cash on the street. What's the downside?
I say this can be extremely profitable when combined with crypto investing, as this can allow you to move large sums in and out of big coins. On localbitcoins, you can buy cheaper than the current price, and sell higher than the current price. You need to verify yourself and start with small transactions at a good rate to build your reputation up. You NEED to determine whether you need a license of some kind to trade currencies in your country. If you're in Canada for instance, you need to be a MSB / MSB Agent and report all transactions and photo IDs to FINTRAC. Otherwise you may go to jail and have your assets up to 1 million repossessed by the CRA. Regardless of whether you need a license, you should be recording all exchanges to your fiat currency on your taxes.
>>2001303
Go legalcuck somewhere else, faggoy
>>2001311
Have fun in jail, dipshit.
Why not just sell coke, buy a Ferrari straight cash and not pay taxes? You'd only get in a little bit more trouble when coke is involved.
>>2001311
This lol I'm trying to make cash. I have a regular job for Uncle Sam to bleed me on taxes.
>>2001346
Well, try it out then. Just watch, make sure you don't put too much in your bank account. Keep your shit in a safe.
>>2001346
Recommend meeting in a low-key coffee shop for transactions. Sit in a corner so you don't sketch the buyer out.