Thankyou to everyone for the replies. I signed up for Local Bit Coin.
So basically what I do now is organise a trade with someone. I transfer them my bitcoins from my bitcoin wallet (blockchain) and they transfer money to my bank account? And its as simple as that?
Am I getting it right? Sorry Im a total bitcoin noob
That's pretty much it.
Or more precisely, after you sign up for an account, LocalBitcoins will provide you with a unique address to deposit your coins into. Once they have received your coins, you can then begin setting up your own trade advertisements or responding to other users' advertisements. After you have found a trader (there is usually a list of them in the front page - scroll down to the "Sell bitcoins online in New Zealand" section), you will send them your bank account details and they will send the NZD into your bank account. Once the money is in your bank account, you can then release the coins in your LocalBitcoins account. After doing so, the coins will then appear in their LocalBitcoins account and thus the trade would be complete.
In terms of receing my $$ how exactly does that work? Do I have tell the buyer of my bitcoins my bank acc details?
Your LocalBitcoins account will need to be funded before making a trade (see above).
You will usually need to provide them* with the name of your bank (e.g. ASB, Westpac, Kiwibank, BNZ, etc.), your account number, and your name.
*By "them", I mean the trader that you're trading with.