How to cash out Bitcoin anonymously? - page 2.

labs0918

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Quote from: DaMut on October 28, 2017, 12:55:29 PM

who said we need to verify our identity ?
some of them did not require it,but most of them did it.
just do the basic or the market that does not require your identification,
there 2 way to encash your money :
1.Selling it on the market
2.Selling it off the market,
have you try to encash your money from peer to peer platform like localbitcoin.com ?
in there you just need to find someone to buy or sell it and make an agreement with him/her.
afterward their system will provide you an escrow and do the transaction.
you do not need to send your data to the buyer or seller,
or try to encash it in this forum on Currency Exchange board :

Currency Exchange Board : https://bitcointalk.org/index.php?board=53.0

I heard about that localbitcoin.com. Maybe He/She means verify our identity to the buyer so that he/she will not decrease the exchange percentage or he/she means that be kind to the buyers most specially selling bitcoin off to the market.

colonel_koval

jr. member

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Quote from: Tszunami98 on October 30, 2017, 05:24:39 AM

You could see if there is a bitcoin atm in your country.
Where i leave there are atms that dont require id verification if the amount is under 700$, the bad part in this is tthe 7% tax that comes with it.
But, why to cash out bitcoin?...havent you seen the market lately?

maybe he saw the market lately and precisely that is why he is cashing out Cheesy

Clegive8V

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Quote from: AkteX on October 28, 2017, 12:45:38 PM

I know that you can sell your bitcoin to trade plattform like coinbase etc.. BUT you need to verify your identify, so it' s not anonymously.
How do you cashout your bitcoins anonymously then?

using this site it’s better to hide your information.

just go to exchange service and make deal with green trusted member

whitemacna

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Activity: 123

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Only one way to sell out your bitcoin anonymously is by finding any local buyer and trading with him purely in cash. But there are a few security risks and concerns related to it. Face-to-face cash through localbitcoins.com is pretty anonymous. It can be more expensive though because someone has to take the time to meet with you.

olushakes

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Activity: 476

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The only way I see about this anonymity is through selling for cash which would either land you in trouble as a result of security issues or fall victim of sting operation from agents of government especially in countries like the United States. For those suggesting local bitcoin, I don't see any form of anonymity because you want to get paid via bank, you submit your details which you have relinquished your identity as a result of that. Another option if you don't want cash if using gift cards which is available on a site like Paxful but only for someone who have a need for it.

nagatraju

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in the US, it seems impossible to do...there are services in some other countries, but it is quite expensive

anhhung409

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In addition to coinbase, I think there are many platforms that can help you sell Bitcoin and without verification, such as Localbitcoin. Every transaction you can make by selling it on the market or selling it out of the market. All transactions are only accepted by agreement between the two and no third person. Transactions will be made through the deposit and receipt of funds through a system deposit. So it's completely confidential and nobody knows you

CryptosapienZA

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The best way is cashing out through an exchange. You will sell the bitcoins on the exchange and they will deposit the fiat into your bank account. Another alternative is through a service like localbitcoins, where you can transact with a buyer, they will send you the money. Or you can meet somewhere and you can do the transaction.

helars2008

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I think the only way for you to do it is through peer to peer transactions. Doing it with a medium will most likely reveal your identity.
That is why i am very observant every time i withdraw money using my bitcoin. Considering that our country has limit for the maximum amount of withdrawal you can make in a day.

colonel_koval

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Activity: 62

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Quote from: AkteX on October 28, 2017, 12:45:38 PM

I know that you can sell your bitcoin to trade plattform like coinbase etc.. BUT you need to verify your identify, so it' s not anonymously.
How do you cashout your bitcoins anonymously then?

you can try purchasing gold with the use of bitcoin payment and having it shipped to some anonymous address, like for instance there are some countries with those machines used to deliver parcels, you have to enter the code and the parcel is yours. From there it is just a question of selling gold anonymously, which as I suspect differs from country to country.

hispout

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Quote from: AmXProX on November 01, 2017, 03:41:42 AM

Quote from: AkteX on October 28, 2017, 12:45:38 PM

I know that you can sell your bitcoin to trade plattform like coinbase etc.. BUT you need to verify your identify, so it' s not anonymously.
How do you cashout your bitcoins anonymously then?

Why do you need to do it anonymously? If you coins are clean then a simple verification would not hurt.
But if you really want to keep it anonymous then just look for a trader who is willing to trade with cash
personally but this will be a high risk trade. I read a thread here in the forum that he tried to trade
personally somewhere in EU and he was given bag full of paper. Just do it safe and if you have someone
to accompany you that will be better.

That is a fact if you are going to use cash out bitcoin anonymously, that is absolutely impossible, because there is no such anonymous movement for cash, you must involve a bank, a forum or at least a single person to carryout cash for you. So I do think that that if we are going to cash out our money an still we can remain as anonymous.

McKane

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IF PROBLEM WITH MY TRUST THEN BRING AN ESCROW.

Quote from: phr0stbyt3 on November 01, 2017, 01:01:59 PM

There is no particular way if cashing out bitcoin anonymously either you can do a trade with someone who lives in your country or redeem it for any voucher of a selected store with that it's hard to find out who really used it other than i don't think there is any other way

On the off chance that you have bitcoins and you need to change over it into the money than its so straightforward simply go to the any trust able crypto trade and they will give you trade out turn of the bitcoins however in the event that you have money then my recommendation will that you ought not change over your bitcoins to money since now a days the costs of bitcoins are going ever more elevated quickly and on the off chance that you as of now have Bitcoins than you should purchase increasingly Bitcoins and sit tight for the correct minute to offer it.

cryptohorsee

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The Operating System for DAOs

You can do it by using localbitcoins service or you can use special atms, dont know if they are available in your country. In my country, there is a service that exchanges bitcoins anonymously. Well not entirely anonymous but you can exchange up to 15k euro and put whatever data on the bill. They are not checking it and they cannot check it because they are not financial institutions like banks or other institutions. You should consider you options, good luck!

Donaldturp

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Quote from: Renampun on November 02, 2017, 05:25:00 PM

for now if I want to monetize my Bitcoin, I always use the services of exchanger site,
send my Bitcoin to the address provided in the exchanger site,
then I select Withdraw and just select to a bank account where I cashed the money ...

Are you serious? It's 100% that you didn't read the topic. He asks for anonymous actions. When you withdraw fiat Money to your bank account, you have to provide all of your identity information to the exchanger service.

For anonymous transactions, localbitcoins is the sole thing.

Renampun

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for now if I want to monetize my Bitcoin, I always use the services of exchanger site,
send my Bitcoin to the address provided in the exchanger site,
then I select Withdraw and just select to a bank account where I cashed the money ...

khaled0111

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Top Crypto Casino

When you exchange your bitcoins to FIAT there is now way to do it anonymously because you have to be physically present to retrieve your money.
The only way is to use your bitcoin in buying something virtual online like a book or software or maybe buying something with bitcoin then selling it a different place that can keep you anonymous.

South Park

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Quote from: ?? on ??

Why do you want to cash out the fiat money anonymously? If you want to hide from where your bitcoin come from, then you simply use a bitcoinmixer.

If you use an exchange platform like coinbase it doesn't matter if they verify your identity because they will send the money to your verified bank account. I am at least not aware about anonymous fiat money bank accounts.

The only total anonymous option is to sell your coins directly to a person and he gives you cash in hand.

Mixing your coins only breaks the link from your previous addresses and transactions nothing more, if you want to cash out in fiat you need to give up personal information no matter what kind of method you use even a face to face trade requires that you reveal your face and identity to others.

fateh1313

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If you want sell your bitcoin anonymously then best way is go for local buyer, only local buyer will help u in this situation other wise if u will convert bitcoin into fait currency u had to summit your KYC

AkteX

newbie

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Quote from: ?? on ??

It's impossible if you want to use exchange, however you could try looking your local bitcoin community for buy/sell bitcoin offer. Not really anonymous since the platform you use to communicate with seller/buyer might not secure and the seller/buyer could know about you, but it's better than use exchange.
Also, you could try spend your bitcoin for goods/services since you can buy some goods/service with bitcoin while keep your anonymity.

that's very true
but by many $$$$$$ i think you can't end up spending in good or services, at least not fast

AkteX

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Quote from: Dudeperfect on November 02, 2017, 11:49:21 AM

There are some exchanges through which you can cash out your Bitcoins if you don't have too much Bitcoins. However, if you are willing to cash-out large number of Bitcoins then you have to do it from multiple exchanges adhering to their limits and rules. you can even use Localbitcoins and multiple payment options having an anonymous facility, you just have to check the options such as SMS not required and ID not required.

Thanks

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