Many people have been asking themselves, Is Flipping Cash Legal? There are many reasons why someone might want to flip cash.
Is flipping cash legal? Is it illegal to sell a $5 bill for $10?
1) Flipping money is not counterfeiting. Some people equate flipping money with counterfeiting because they don’t understand how it works, but this couldn’t be further from the truth. Counterfeiters produce fake bills and coins, while flippers buy genuine currency at face value then resell it for profit.
2) Money-flipping has never been outlawed by Congress as long as there was no intent to defraud anyone involved in the transaction. The intent to defraud is a crime, so if you use pre-paid gift cards or create counterfeit bills and coins, then it’s illegal.
3) As long as the intention isn’t fraudulent, money flipping can be done legally. It has never been outlawed by Congress because they knew that people would always need to turn their cash into liquid assets.
Some people process fraudulent transactions, counterfeit bills, or coins to make profits. Those are illegal actions. Money flipping is done legally, and it is not a crime.