Quote from: Bitcoiner88 on March 28, 2014, 01:46:50 PM

I was thinking to buy some bitcoins but i have few concerns since using Localbitcoin is i am not sure really the right way to go. I did hear from few friends which they warned me that feds are trying to use sites like that to catch people selling their bitcoin in $5K or more in person and then they would accuse you of laundering money. (i dont want to go into jail because of bitcoins)

What do you think about this things? I did hear some sort of stories occur in past. It might be an issue to be aware off or not?

Just keep the amount of bitcoin you will buy or sell limited to less then 4 figures and you will be fine.

If you have repeat buyers just make sure they are spreading out their transactions enough so that it could not be considered "structuring"