this post was submitted on 29 Oct 2023

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How to sell $300k+ Monero without origin of funds? (monero.town)

submitted 10 months ago by moneroworld@monero.town to c/monero@monero.town

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I bought it in the early days and moved several times due to security reasons. As a result, I'm unable to prove its origin. What would be a viable strategy to cash out?

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[–] popemichael@lemmy.sdf.org 1 points 10 months ago

It doesn't work that way with PayPal. You receive it and it's in your account. Then it just works like any other transaction. You can buy stuff with the balance, too. So there isn't a need to cash it out all at once. I kept like 40k in it for a long time till I sold it all and banked it in less than a day.

Just be sure to use the ACH as the fees are the worst part.