How to cash out Bitcoin anonymously? - page 5.

AkteX

newbie

Activity: 40

Merit: 0

Quote from: crairezx20 on October 28, 2017, 01:43:10 PM

Quote from: odolvlobo on October 28, 2017, 01:09:01 PM

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?

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-1242788

This list is very interesting. Thank you very much! Will have a look at it!!

Coin-Keeper

hero member

Activity: 761

Merit: 606

Good comments above. The SIZE of the trade might dictate other schemes. For mini-Whale and up trades those are often handled via other parties in order to maintain anonymity. An example would be two attorneys meeting on an island with large bank structures. The BTC selling party's attorney verifies the money is all there and not counterfeit, etc... The BTC buyer's attorney then verifies the BTC have been sent to the designated address. In both cases neither side knows the other side's identity and such things are protected by law via attorney client priv. Won't happen in the USA but it happens elsewhere.

crairezx20

legendary

Activity: 1638

Merit: 1046

Quote from: odolvlobo on October 28, 2017, 01:09:01 PM

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?

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-1242788

AkteX

newbie

Activity: 40

Merit: 0

Quote from: odolvlobo on October 28, 2017, 01:09:01 PM

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?

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.

Well I think localbitcoin can be one way.
I've heard about ATM Bitcoin Card. What about these?

odolvlobo

legendary

Activity: 4466

Merit: 3391

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?

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.

Virtual miner

sr. member

Activity: 728

Merit: 275

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?

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. Except this I doubt that there is any way by which you can sell out your crypto anonymously.

yugyug

sr. member

Activity: 616

Merit: 256

it depends where you located at, if you reside in the US where Know Your Client (KYC) and Anti Money Laundering (AML) policy is strictly implemented, then it hard to transact bitcoin to cash-out movement because anonimity is not allowed, but if you are living outside of the US, their are other countries that offer btc to cash transactions without needed proof of identity but the fee is higher than the coinbase.

webtricks

legendary

Activity: 1918

Merit: 1728

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?

I doubt what you asking is possible through any third medium. Whenever you try to exchange Bitcoins to fiat currency, you are required to verify your KYC. This is required as per law of every country due to fiat engagement.
However, this could only be possible if you personally sell Bitcoin to other party. Only face-to-face trade can maintain trade anonymity.

BitcoinIsAlgebraic

member

Activity: 89

Merit: 10

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?

Currency exchange sub forum on here you might be able to do it that way or you could look localbitcoins because I don't think they require identification.

DaMut

sr. member

Activity: 1274

Merit: 263

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

AkteX

newbie

Activity: 40

Merit: 0

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?

Topic: How to cash out Bitcoin anonymously? - page 5. (Read 2179 times)