Quote from: Jating on June 06, 2018, 01:27:45 PM

Quote from: St4yInTh3D4rk on June 06, 2018, 12:00:46 PM

Quote from: ltc-Giveaways on June 06, 2018, 11:21:30 AM

A friend of mine got an offer to sell his 600 BTC to some chinese businessman.
The problem is how to transfer money from China to EU.
Do you have some ideas?

The amount for that bitcoin is around $4.5 Million so you need to transfer it via bank accounts but changing huge amount will cause you huge taxes so you can split up your trade and do it gradually and also use escrow for big transaction then your funds will be safe.Paypal is not a good option because they will charge you more heavy taxes than bank transfer.

Plus it will cause a red flag for banks to see this kind of amounts being transferred overseas. I suggest face to face, or like sort of LocalBitcoins transactions. That's a fairly huge amount so I would be very careful on dealing with the other side unless you really know this guy.

So can also do small transactions to not raise suspicious if you really insist of not meeting the buyer. At least in this way, its going to be safe on both side. Of course, escrow is a must, but I'm not sure who you going to trust with that huge amount.

I don't know why he want to sell like this,I suggest him to go with an exchange for selling the crypto currencies and huge amount means the chance of scam in these kind of transaction is high.So sell the bitcoins at the different exchange into partitions for the actual market rate which can be the best and all his money will be safe.Use multiple bank accounts while selling.