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?
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.
I think this is still not anonymous way because you will meet someone i think the only way to cashout bitcoin anonymously and withdraw into fiat i think bitcoin debit or credit cards there are some bitcoin cards you can anonymously withdraw and deposit your bitcoin..
Just sharing this link to see the list of debit cards and credit card support withdrawal world wide to any atm machine..
Check this updated thread
https://bitcointalksearch.org/topic/list-of-bitcoin-debit-cards-1242788But even using a method like that is not really anonymous, since you need to withdraw from an ATM and almost all of those ATMs have cameras in them so unless you are planning to look incredibly suspicious by wearing a hat or something you are going to be recorded when you withdraw the money.
This is very pertinent comment!
ATM have always camera But the question now, If you are using your own ATM card (meaning you did not use someone's else card or stolen card), where should be the issue even if they have you on camera? These data will be not kept forever and even if, you did not break any law by withdrawing your money. Or did you?
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The local wallet that I’ve been using allows me to cash out my bitcoin through a security bank atm without the need of verification or identification but then of course the use of the local wallet would need some identity so I’m not sure if that would work for you. When it comes with money matters, I think that identification really is needed. However, I think that there are other procedures out there that would allow you to do so since there’s not much regulation for bitcoin yet unlike with cash.
That sounds even more interesting. But what do you mean with "security bank atm without the need of verification or identification"? What do you define with "
security bank" please? This sounds really interesting
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Just sell your bitcoins on localbitcoins.com to a trusted trader for cash, this is the best way till now to cash out anonymously, but first check the trust level of the trader before starting trade.
There also the risk that when selling to someone for face-2-face, you meet with the police and they ask you where you got the money from
What will you do if this happens?
But definitely going through localbitcoins, you can sell your BTC to
Trusted Trader for cash, will be good idea!