So I’m looking to take a small venture into P2P crypto trading since investments aren’t working out atm. I was looking to purchase BTC from Coinbase pro for 0.25% then list it for sale on P2P platforms like paxful for 6% cash in person. I’ll be looking at 4.75% profit after taking away Paxful fees.
Only problem I have is what if I’m depositing 20kGBP in the bank a month from crypto sales is this aloud? Would I need ID from my customers is there I way to do it properly?