What is the best way to cash out?

[crilleaz]

Thanks for your answer guys. I did try to order a Bitcoin creditcard, but my mistake was that I ordered two (different sites to test them out). Both had the same creditcard provider which locked me out unless I showed all kinds of documents.

I'm going to try out local bitcoins, but how do I know the money they are giving is real?

Easy, it isn't online. You will meet physically someone. Face to face. So unless you're given forged notes, or the guy in front of you is a magician, the money will be real.

I mean, how can I be sure it isn't counterfeit money

[nonbody]

Thanks for your answer guys. I did try to order a Bitcoin creditcard, but my mistake was that I ordered two (different sites to test them out). Both had the same creditcard provider which locked me out unless I showed all kinds of documents.

I'm going to try out local bitcoins, but how do I know the money they are giving is real?

Easy, it isn't online. You will meet physically someone. Face to face. So unless you're given forged notes, or the guy in front of you is a magician, the money will be real.

I mean, how can I be sure it isn't counterfeit money

sir, checking the cash notes is the basic knowledge. Or you can bring someone with you to check for you. 

[adamstgBit]

use BTC to buy a prepaid visa, and spend spend spend 

[cookiemonster07]

For me the best way is thru ATM. Because when you withdraw in the bank their is many requirements but if you withdraw in the ATM because you can withdraw through cardless 

[wintermeasures]

Without anyone knowing your name or address?

if you want to cash out of the bitcoin currency to your country I think there is no way to were really without a name and address, because you will still need to use a bank account. and if you meet directly with the seller, then you even have to come face to face right, so to cash out you still have to give your name and address. Thank you

[mirana12345]

You could just buy goods with the bitcoins you have. Then later on just sell those goods when the arrive for cash.
Seams like good idea to avoid being noticed by tax collectors. 

[adibe]

The best way to cash out is cash out with other fellow people in your country, because the rates is quite good than on exchanger and you also can waitt until the price of bitcoin increase again.

[shinratensei_]

Without anyone knowing your name or address?

Yyou can search private buyer to kept your privacy I think it's the best way for now.but if you want to cash out with another way it always needs your username and address.

[Rude Boy]

currently I'm using BTC to paytm to bank account. Here BTC to paytm (India) doesn't need anything other than paytm mobile number, instead you can even use bar code to request money. And after that no need to verify anything to transfer your funds to your bank account (only for banks that are in India) and it's instant + 4% fees.

[RoommateAgreement]

Without anyone knowing your name or address?

for me the best way is selling to someone around me finding them on local forum or even on localbitcoins.

but you may prefer other methods like using an exchange service or evevn coinbase to sell and send money to your bank.

[ning_chang]

Without anyone knowing your name or address?

Here in our place we have BITCOIN ATM this is the way of cash outing our bitcoin. But i make cash out by selling my coins to people near us by meeting up, Before we don have atm so this is my way to cash out my bitcoin. But now its more comfortable to Cash out more easy than before

[MWesterweele]

There are alot of ways on you can encash/cashout your  bitcoins.First thing is using bitcoin atm machines,but ofcourse therr must be a working bitcoin atm machine in your country.Another thing is selling it to some people physically to exchange it to real money.Last is cashing out throug bank accounts.Here in philippines we commonly cashout via bank accounts

[Cryptonitex]

Without anyone knowing your name or address?

Localbitcoins or a bitcoin atm (if available in your place). The former option needs you to meet someone physically and trade face-to-face. You don't need to give him/her anything about you, just setup a place where you two would meet. The latter is as easy as scanning a qr code and wait for the cash to come out of the machine.

Don't ATM's require you to have a bunch of ID and things like that? They know who you are?
IDK I never used a BitCoin ATM.

[cryptmaster]

Without anyone knowing your name or address?

Just use the currency exchange section of the forum and use any method you want. Paypal is good if you fake details or you can also ask for cash exchange face to face.

[mobnepal]

Without anyone knowing your name or address?

Best way is to withdraw from bitcoin physical cards in local ATM but don't forget to mix or tumble the bitcoin before sending it to bitcoin card if you don't like to get traced through transaction.

[pooya87]

you have to find a person to sell your bitcoin to and receive the money in form of cash if you want nobody to know your name and other information. you can find such person around you on localbitcoin or you may even be able to find someone on this forum if you ask for it on currency exchange.

but remember that this method has its own risks, try to do the exchange in a public place.

[ranochigo]

Thanks for your answer guys. I did try to order a Bitcoin creditcard, but my mistake was that I ordered two (different sites to test them out). Both had the same creditcard provider which locked me out unless I showed all kinds of documents.

I'm going to try out local bitcoins, but how do I know the money they are giving is real?

Easy, it isn't online. You will meet physically someone. Face to face. So unless you're given forged notes, or the guy in front of you is a magician, the money will be real.

I mean, how can I be sure it isn't counterfeit money

Trade with people that has a good reputation to reduce the chances of fraud. Alternatively, try using the security features (ie. watermarks, texture, quality of paper) to identify the notes. Alternatively, use a counterfeit note detector[1].
[1] https://www.amazon.com/Counterfeit-Detector-Marker-Currency-Buy1get1FREE/dp/B001F02XAY/191-5985176-9990528?ie=UTF8&*Version*=1&*entries*=0

Without anyone knowing your name or address?

Localbitcoins or a bitcoin atm (if available in your place). The former option needs you to meet someone physically and trade face-to-face. You don't need to give him/her anything about you, just setup a place where you two would meet. The latter is as easy as scanning a qr code and wait for the cash to come out of the machine.

Don't ATM's require you to have a bunch of ID and things like that? They know who you are?
IDK I never used a BitCoin ATM.

Bitcoin ATM have the KYC/AML features built in and in some jurisdiction, the operator is required to enable them. There are some jurisdiction that does not require this if the amount purchased is below a specific limit. Check with the Bitcoin ATM operator.

[The Sceptical Chymist]

The best way to cash out is something that nobody has mentioned yet. Buy gold and silver online with Bitcoin, and then sell it for fiat.

Buying gold & silver at retail prices is not a good way to cash out.  If you could buy at spot or discount to spot then I'd say cool.  But it introduces an unnecessary step if you just want cash for bitcoin.  Kind of like spending bitcoin when it's much easier to use fiat.

Yeah, face to face or use the currency exchange section here, with escrow.

[romero121]

Without anyone knowing your name or address?

Best way is to withdraw from bitcoin physical cards in local ATM but don't forget to mix or tumble the bitcoin before sending it to bitcoin card if you don't like to get traced through transaction.

As quoted its easy and secure to use bitcoin cards but the availability of bitcoin ATMs and card were not found around every city. So now its better to depend on exchange websites for cash out of bitcoin.

[hasiramasenju]

it all depend on your need because if you use dollar you can cash out your bitcoin into dollar but if you want to using local exchange cash out into your local currency also the good options such as me i always cash out my bitcoin into my local currency