Bitcoin Forum

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?

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

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.

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.

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.

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.

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?

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://bitcointalk.org/index.php?topic=1242788.0

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.

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

Face to face meets aren't anonymous, by definition. But actually, my experience in two locations shows that the value for selling Bitcoins is much, much higher if you opt for non-online exchange, such as face-to-face meets. As of right now, both locations show rates >10% of the highest online buyer offer, and at much, much higher minimum buys.

And the reason why is simple: there's little or no protection for the seller. Think they busted several scam rings in India recently: lure people with high rates, rob them when they meet. With online exchanges, there's an escrow system that has never let me down in all my trades.

There are at least two exchanges I have seen in this forum that may not ask for verification for small amounts of cash sells. One's Russian-based, the other Ukrainian-based. Hint: go to russian local board and translate.

The moment you decide to exchange your bitcoin for fiat you cannot expect to remain anonymous you can take some measures to try to reveal as little detail as possible of who you are but it does not matter you are still going to risk your identity begin discovered, there is simply no way around that.

You can do it anonymously if you sell your bitcoins for physical cash on localbitcoins, there are a lot of sellers who are willing to buy your bitcoins paying you directly with cash, and you are anonymous if you sell them by this way, because there is not bank in the middle of you both, because it is a p2p exchange.
But i prefer to cashout my money by wire transfer using localbitcoins, it is more easy to sell.

Using LocalBitcoins would be your best bet if you want to be anonymous as possible.

Localbitcoin is the way to go although i would advise to take precautions, there are plenty of stories of people who try to trade with people there and end up getting robbed.
My advice would to use a user with a good track record and perhaps even better try an anonymous creditcard.

You can always cash out anonymously through LocalBitcoins. No need to give any identity proof just give the guy your bitcoin and get the cash wired to your bank account. You can also meet the person over a cup of coffee and take the cash yourself.

It looks like it's not easy or secure to exchange BTC for common money. US and Canadian exchanges wants tons of personal data to setup account

Yeah i do sell my bitcoins through localbitcoins too, i sell mine for cash, in my country we use other kind of cash, but i always try to find those users who pay with US dollars or Euros, i dont like to have my local cash because it is having a lot of inflation at the moment, and it is risky to have them because we dont know how much it is going to be worth in some months.
but of course, i dont have to give my identity or anything to the seller.

There are peer2peer trading platform that you can use. We have localbitcoins.com which allows you to find available trader nearby to trade Bitcoin. If you want to sell it for cash. That's negotiable. But be careful because even localbitcoin is a reputable platform. It's still the person you deal with is you should worry about. Bad guys use this platform to get some victims. So be careful. Make sure you're in public place. So many people will notice if anything happen. Using exchanges that are complied to AML/KYC required their customers to give their identity in able to cash out your Bitcoin. Anyway, it's hard to convert bitcoin to cash without giving your identity these days. So i think you have no other options aside from localbitcoins.

Have you tried out LocalBitcoins?

The limitation is that the buyers and sellers usually deal in smaller amounts.

i think bitcoin anonymous on blockchain transactions only, but to trade/exchanges it into fiat money in your country, you need to verified your account first (KYC) because of the law of every country due to fiat engagement, folks most suggested is to sell your bitcoin face to face to maintain your anonymity.

Well i sell my bitcoins through a local exchange here in my country, he is a guy who i contacted him the first time through local bitcoins, we are kinda "friends" right now, and everytime that i have some bitcoins to sell i go to his office, he give me the money and i have to send him the bitcoins.
he did not even asked my about my identity or my id, just look at localbitcoins, there are a lot of ways to sell your bitcoins anonymously.

Doesn't localbitcoins require identification to trade over a certain amount? Of course you could always trade in person using localbitcoins as a point of contact but that defeats the purpose if wanting to stay anonymous.

i will sell bitcoin when it is in the higher price

This is something that is kind of hard to answer when it comes down to it, since there are a lot of instances where you need to verify something in one way or another in order for you to take any money out of the system.
The best thing I can think of you doing is going through the sub-forum we have for trades, I don't think that localbitcoins offers their services to most people who don't have some kind of Id verified with them if I am remembering it correctly.

Just make sure to not sell your BTC for something like PayPal, PayPal not only dislikes Bitcoin (or they used to, some years ago), but they might also let the person you sell it to chargeback if you don't have enough credibility, leaving you out whatever value of Bitcoin you had, and pretty annoyed.

They don't,  but most offer are for PayPal and the like, which you do have to have an account for, and those accounts usually have identity requirements.   

Whay you could do is try to set up a cash through the mail offer using escrow, and you could do that on the currency exchange section.  Or you could meet up with someone and do the deal face to face.  That carries its own risks, of course, but it is pretty anonymous.   I've never had a need for much anonymity so those are the only things I can think of.

But 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.

it possible, if you stay USA and you do transaction face to face businessman. but your transaction have other country however you have to follow transaction rule.

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.

even if you cash out anonymously, what are you gonna do with the vast amount of proceeds? that can't remain anonymous. thousands in cash these days is a recipe for major head aches. no one wants it. if you throw it in your bank you're gonna wind up with a long list of questions.

You can use local bitcoins and sell it to someone for cash

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.

I still do not understand your question so I will analyze in two different directions first is to verify the identity of a certain online wallet such as coinbase or blockchain then that you have to verify identity for the administrator You know who you are to protect your account when you lose or encounter some of the remaining issues if you want to sell bitcoin but to avoid state agencies, you find someone in your area. buy it and 2 friends have to agree the payment method when buying bitcoin is to solve the problem

This is very pertinent comment! ATM have always camera  :D 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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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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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  ;D ;D
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!

you can sell to localbitcoin or you can sell at your community, its very anonymously.

There are a few ways to sell BTC with identity verification.
Local Bitcoin is a popular peer to peer exchange platform, you can post a trade if you are not in a hurry to sell BTC.
Another way is to get an anonymous BTC debit card and cash out your BTC. You can also sell BTC in marketplace, but remember to use escrow.

Well, what about if no one in my community is interested in BTC - i mean my friends, family



Here again:
ATM have always camera. Cheesy 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?


LocalBitcoin is good, but make sure to select Trusted Trader, otherwise you can run into troubles  :D

it's very easy to use the on-line exchanger

There is many mixer platforms help you to mix your coins but if you will use any exchanger you will need (most likely) to give the details of your identity. I don't see why you re searching for withdrawing your bitcoins anonymously if you aren't using illegal methods.

You of course cannot stay totally anonymous if you want to convert your bitcoins to fiat because for that you surely need to sell them to someone and for receiving the money you will need to give your account information and that is also a part of not being anonymous. Though you can be somehow anonymous like not giving away your ID and phone number etcetra. You can sell your coins in localbitcoins.com where all you need to give is your account information to the person you are selling your bitcoins to.

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.

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

Which is why the best thing we can do is to wait for bitcoin to become more popular that way we will never have to cash out and we will be able to spend our bitcoin anonymously but if the amount of money we are talking is big then you are going to need to give explanations to the government about how do you got that money.

Well not doing anything illegal. But there are many valid reasons why someone would not like to reveal his identity.
Just like Cash, there are many reasons why you would not like someone to know how much cash you have with you. It's not always about illegal stuff.
If you are football-interested, then you know what Ronaldinho did recently, he was not doing basically anything illegal when creating these fake companies, he eaned the money from football playing and was not ready to pay off lol

There are a couple sites that give the highest level by not asking for ID and such, but those are still watched and there is no real anonymous FIAT movement out there. Those sites are easy to use and the level of anonymity is pretty good, but they also end of taking heavy fees and the other users hit you hard when you are vulnerable with crappy exchange rates.

I think finally i will just not do it anonymously :)

Yup, OP can't end up using any online exchanges like coinbase and whatnot because they require some form of Identification. Regardless, I wouldn't even recommend coinbase anyway; it's just too much fees for any form of online exchange and just takes away what's good about bitcoin. OP could use Localbitcoins or purse to buy things, but the best bet is to find a decent currency exchanger here on the forum to exchange with anonymously.

Bitcoin was not built to allow users to remain anonymous.  If your a US citizen I would recommend you do not try to obfuscate your Bitcoin transactions.  "The IRS treats digital currencies as capital assets and are therefore subject to capital gains taxes".


source: https://en.bitcoin.it/wiki/Tax_compliance#U.S.

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  ;)

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

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

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.

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.

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.

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!

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.

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.

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.

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.

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.

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

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

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.

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.

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

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

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

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.

You can sell your bitcoin anonymously to the merchant near your place, some the exchange have their own teller locally that could be contacted 24/7 just download the apps that are using local merchant in your place, that way you can buy and sell your coins anonymously but partially you still go outside to expose yourself, so I don't think there will be any other method.

Well, there's no other way to cash out your bitcoin anonymously. All banks that are accepting bitcoin requiring anyone to know the customers/receiver of the money. If you wanted to be an anonymous, try to sell your bitcoins using dummy accounts that hides your real identity. This is the only way to hide your identity while getting money from bitcoin. But it is hard to convince other buyers if the sellers are using dummy accounts. It is hard to trust on the sellers that hiding their real information.

It's gonna be hard to actually cash it out anonimously. At some point it will go through a bank or something and your name is gonna be in there. If you keep it in crypto is going to be anonimous.

Just simple.In our country,i use localbitcoins to sell my bitcoins.Here,i could sell my bitcoins to buyers directly face to face for cash.So,no issues of our identification being revealed.

The BTC remain anonymous, your names depend on the account, or with the servers I think not so much. Although this doubt opened many others. Surely you should look for platforms that are not required.

Maybe try using bitcoin atms, or sell to people for cash.

no no, you are not right. It can be sold anonimously. You sell it for cash (on localbitcoins as others have suggested) and that is that, the trail is broken at that point

Localbitcoins is the best choice. In my country you can sell bitcoins for e-cheque. You get special code, you go to any ATM, enter the code and withdraw money without inserting any card (you don't need to have bank account), so only footprint you leave is your face recorded by ATM camera and your IP and nickname on Localbitcoins :) (https://www.youtube.com/watch?v=6S1Rz1RCl0c)

if you want to sell your bitcoin anonymously i think you can try to sell it to another people that want to buy bitcoin, and of course with price that lower than the exchanger to makes yout customer want to buy your bitcoin

Is there a problem whether you need to verify your identity? If you don't need to hide on something then you should not worry about verifying your identity to sell your bitcoin. I also have to sell my bitcoin and some of it was already verified so I can sell my bitcoin anytime or any amount I want. I think there is no problem with that.

Thank you very much for this information, I have being struggling with those cryptocurrency to fiat exchange that have strict terms and condition even more than our traditional banking system.

Use a bitcoin atm but don't expect to get great rates from it. Eventually we will be able to use DEX's for all sorts of trades, all we need is to wait for a big one to succeed and be the new binance

there are some users here witch offers btc to cash with around 10-15% fee.
But the safest why is to meet some one in your city who wanna buy btc and make a privete deal .
on that why i got my first 2 bitcoins and the seller has no problems with taxes .


regards

Some exchange doesn't need your identity but you have a limit of cashing out per day.
If you like you can find a BTC ATM MACHINE which can serve you to withdraw.
Just look in the community there is more website that can serve you.

Just find someone who would buy it for cash if you don't want to go through KYC for your cash out options,
We all know that in order for you to turn your Bitcoin into Fiat you need to go through trading sites or some local wallets that accept bitcoin to Fiat transactions,
And all of it recquired KYC.

maybe in every country it has different rules about data verification, in my country sales cannot be done without verification of data, because there will be a withdrawal limit, it can be done if the withdrawal is only a little if it must verify the data.

Why do you want to cash out when you can use it for buying something? If you want to sell your btc to fiat currency such as USD, most exchanges will requiring you to submit your identity.
In my country, if i want to sell my coin to my native currency, i will have to Kyc lv2, identity documents and the selfie photo.

I think these days are pretty hard to cash-out Bitcoin anonymously unless you do it person-to-person. Platform like LOcalbitcoins are good, But until when are these platforms be available due to regulators are cracking unregistered exchange platforms like this. I think its better to abide with the law since most transactions these days will always involve banks and third party platforms which will also require KYC.

Selling it on an exchange is the most efficient way of cashing out bitcoins,but when talking anonymously you can transact with other people using not your real name but a cover up name just to make sure your identity is protected

There are still many exchange sites that do not use verification data to withdraw. but of course you will need a bank account and your name to withdraw right? so your identity will still be visible even though you withdraw it anywhere