after receiving bits in large amounts, how to work with banks?

[gvuandrew]

that wasn't what i meant, i meant when you send via western union to someone locally, how do you know they will send the cash to you? they can cheat you\

is it possible to do this where it's secure?

[tobacco123]

If the amount if something you can afford not to convert, maybe you should consider holding on to it.

I think in 10 years time the bank will be accepting bitcoins and the value will be many times higher than the current value.

[Cuidler]

that wasn't what i meant, i meant when you send via western union to someone locally, how do you know they will send the cash to you? they can cheat you\

is it possible to do this where it's secure?

LocalBitcoins uses some kind of escrow protection. In case of dispute, LocalBitcoins will decide based on evidence. But selling Bitcoins on LocalBitcoins you can get -10% to -20% less of USD compared to exchanges, based where you live and the number of sellers (the sellers also might unable to trade large amounts, LocalBitcoins tend to be not liquid market in many locations). Also, western union want your identity anyway, so no difference from bank.