Disclaimer: trading in any unauthorized exchange center and/or using any non official exchange rate is illegal.
For a better understanding of this post, refer to the article of the exchange rates in Venezuela:
http://venezuela2015crisis.blogspot.com/2015/09/cencoex-sicad-simadi-and-dolartoday.html
There are several ways to trade $ and Bsf using the parallel rate, which can be found on DolarToday.com.
1- USD in cash
The USD amount is given in cash and the Bsf is via bank transfer, bank cheque or *briefcases might be needed* in cash. This practice is mainly used by tourists and people who do not own bank accounts in Bsf, and by people who do not own bank accounts in USD (inside or outside Venezuela). The $ seller is likely to get around 20% less Bsf than the price found in DolarToday, due to the high riskiness of the process.
2- Two-way bank transfers
Person A and person B both own accounts in USD, usually outside Venezuela, and accounts in Bsf. USA (Miami and Orlando mainly) and Panama are the most frequent countries for USD accounts, as large Venezuelan diaspora live there and as USD is the official currency there. Supposing A wants to buy $ from B, A transfers Bsf to B's account, and B transfers $ to A's (usually offshore) account. The $ seller is likely to get around 10% less Bsf than the price found in DolarToday, and this assuming that the bank transfers are free or near-free.
3- Selling imported goods
This is an indirect way of converting $ to Bsf, and seem to be legal. The Bsf buyer gets an imported good in $ (smartphone, medicines, clothes brands etc..) and sells it in Bsf in the Venezuela. Note that any new good coming to Venezuela has to be declared at the international port or airport of entry. Some websites like MercadoLibre facilitate and secure this kind of processes and payments. allowing Bsf credit cards, bank transfers and cash payments. The $ seller is likely to get around 10% more Bsf than the price found in DolarToday, as he would be charging the import service.
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