How to cash out Bitcoin anonymously?

[Aamir1]

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?

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.

[AmXProX]

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?

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.

[phr0stbyt3]

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

[South Park]

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.

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.

[AkteX]

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?

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.

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

[JohnBitCo]

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?

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.

[AkteX]

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?

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

[player514]

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

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.

[william8829]

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?

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.

[Dudeperfect]

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.

[AkteX]

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 

[AkteX]

It's impossible if you want to use exchange, however you could try looking your local bitcoin community for buy/sell bitcoin offer. Not really anonymous since the platform you use to communicate with seller/buyer might not secure and the seller/buyer could know about you, but it's better than use exchange.
Also, you could try spend your bitcoin for goods/services since you can buy some goods/service with bitcoin while keep your anonymity.

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

[fateh1313]

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

[South Park]

Why do you want to cash out the fiat money anonymously? If you want to hide from where your bitcoin come from, then you simply use a bitcoinmixer.

If you use an exchange platform like coinbase it doesn't matter if they verify your identity because they will send the money to your verified bank account. I am at least not aware about anonymous fiat money bank accounts.

The only total anonymous option is to sell your coins directly to a person and he gives you cash in hand.

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.

[khaled0111]

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.

[Renampun]

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 ...

[Donaldturp]

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.

[cryptohorsee]

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!

[McKane]

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

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.

[hispout]

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?

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.

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.