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Most affordable way to cash out bitcoins through offshore bank account.

Discussion in 'Business & Tax Advice' started by auto6895, Apr 20, 2013.

  1. auto6895

    auto6895 Newbie

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    I need a bank account with a debit card which i can use to cash out bitcoins into this account and use a debit or credit card in Europe to withdraw money through an ATM. Do i need an offshore company for that, the prepaid debit cards that they have in poland seem to be a big hassle and quite expensive (10% of the sum). Which jurisdiction and construction (not cyprus, because that is now over, and people say malta is next) is feasible for a small business.
     
  2. lancis

    lancis Elite Member

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    Bitcoin ATM is coming next week to Cyprus and San Diego. You cash out in local currency according to current MtGox rate.

    You could probably open a normal bank account in Cyprus (that has branches in other parts of the world). Cashout via ATM, then deposit and fly away.
     
  3. Roparadise

    Roparadise BANNED BANNED

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    You can get money though western union

    https://www.nanaimogold.com/sell.php

    Not sure about how legit site is so youll need to look into it some.