How to cash out the money from electrum

[goodbed]

How to pull out the cash from electrum stored btc anonymously?

[1714654652]

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[1714654652]

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[Mate2237]

How to pull out the cash from electrum stored btc anonymously?

Before you open the Electrum wallet app, make you have copied the destination address (the recipient address) and login to the Electrum wallet then click on send, then click on paste then you type the unit of bitcoin you want to send and click pay then the final summary of the transaction fee and the total amount of bitcoin you want to send will appear and if you are satisfied with it then you click pay again then it will go.

And you have to wait for some minutes or hours to be confirmed by the Miners.

[Lucius]

What you want (I assume) is to sell your Bitcoin in exchange for cash and do it anonymously - and there are several ways to do it.

1. The first is to find someone who would do it face to face, which is of course risky, but in a public place if you judge that the person is "normal" it can be the best (cheapest) option.

2. Another way is to use one of the DEXs (decentralized crypto exchanges), but payment to your bank account or any other payment processor may mean that your tax office may get access to this information at some point. -> https://kycnot.me/

3. The third option would be to find a crypto ATM that does not have KYC, but you should know that this method is the most expensive because the fees are from 5% and up. -> https://coinatmradar.com/

4. There are online sites that sell various things directly for BTC, so you can buy something and then sell it for cash. -> https://spending-bitcoin.com

[decodx]

How to pull out the cash from electrum stored btc anonymously?

I'm guessing your question isn't just about the Electrum wallet.  It seems like you're trying to figure out how to swap bitcoin for cash anonymously when crypto is illegal where you live.  A few ideas come to mind, but you've gotta be real careful considering those restrictions. 

One option is looking into platforms where people trade directly, P2P,  they're usually more private, but make sure to find one with a good reputation and follow their guidelines.  Whether they're available might depend on where you are though.  You could also check out local bitcoin groups where people might wanna make such deals. One thing you have to decide is how you want to receive fiat money in such a trade. If you expect payment to your bank account, then it doesn't make much sense to look for anonymous transaction methods other than P2P. If you expect an exchange for cash, then a meeting with the buyer in person is your only option.

Id just say move slowly and don't take big risks.  There are ways to trade under the radar if you're smart.  But better be safe than sorry!

[Husires]

How to pull out the cash from electrum stored btc anonymously?

Without specifying your country, it will be difficult to determine the cash, and even in the country. Without specifying the amount, no one will travel from one place to another within the country if the amount is small or the transfer is 1:1.

write your country in addition to the commission, or download Bisq and search for someone who trades peer-to-peer.
Facebook and Twitter are good options if the amount is small and there is Bitcoin trading activity in your country.
Trade in a public place with small amounts.

[Lida93]

How to pull out the cash from electrum stored btc anonymously?

it's difficult on how to go about to help you with what you really seeking for as the question  seem obscure to relate with  in giving a specific solution, from all the comments am reading each comment is delivered standing on how they understood your question. Op why not throw more light  to it.

How to pull out the cash from electrum stored btc anonymously?

write your country in addition to the commission, or download Bisq and search for someone who trades peer-to-peer.
Facebook and Twitter are good options if the amount is small and there is Bitcoin trading activity in your country.
Trade in a public place with small amounts.

Bisq is more suitable to use in this case and not through any social media platforms FB or X as there has turned to a breeding ground for scammers to prey on unfamiliarity and inexperiences of crypto newbies.

[Findingnemo]

How to pull out the cash from electrum stored btc anonymously?

You can find someone where you live who wants to buy your BTC for fiat so that you no need any help from KYCed exchanges to cash out BTC to fiat but its the most incovenient way.

You can try bitcoin ATMs and if I am not wrong still there are ATMs which doesn't need KYC but again they are rare due to the regulations from governments are strict and they simply want to monitor every crypto transaction as far as they can.

Another option is BISQ or any no KYC p2p exchanges where you can find someone who wants to buy your Bitcoin for fiat.

Also, you can post your offer in the currency exchange section mentioning which fiat you want to transfer then you may find someone to trade with.

[Husires]

Bisq is more suitable to use in this case and not through any social media platforms FB or X as there has turned to a breeding ground for scammers to prey on unfamiliarity and inexperiences of crypto newbies.

Since the trading will be done in cash, it is easy to identify the fraudster, especially since the trading will be in a public place and the trader’s face can be seen before starting to trade or agreeing on a specific formula, and the probability of fraud is much less than with digital services or bank transfers.

[Stalker22]

Bisq is more suitable to use in this case and not through any social media platforms FB or X as there has turned to a breeding ground for scammers to prey on unfamiliarity and inexperiences of crypto newbies.

Since the trading will be done in cash, it is easy to identify the fraudster, especially since the trading will be in a public place and the trader’s face can be seen before starting to trade or agreeing on a specific formula, and the probability of fraud is much less than with digital services or bank transfers.

I agree..  OP mentioned in other posts that he is living somewhere where crypto trading is prohibited.  Makes sense to do a peer-to-peer trades and deal in cash.  Given how his countrys laws look at crypto, P2P seem smarter if he wants to stay under the radar.

[tabas]

How to pull out the cash from electrum stored btc anonymously?

You need to use an exchange in doing that. But for some instance that there's no local exchange found in your country and the known exchanges won't support a withdrawal to your location, then they're right about finding a p2p market where you can sell those Bitcoins you've got on your electrum. Given the situation that you want to sell it anonymously, the choice of doing it on those platforms like bisq is one solution. You don't have much option at all since if your country banned Bitcoin, people are likely to cover themselves from being a holder of it if you try to go with your local p2p.

[suzanne5223]

How to pull out the cash from electrum stored btc anonymously?

Firstly, Electrum is not an anonymous wallet, you'll have to use a VPN and your own Electrum personal server instead of using a third-party server to connect to the BTC network or you can use just a VPN and mix the BTC.
Second, use the best anonymous exchange you find on https://kycnot.me/ to convert the BTC to Monero.
Third, sell the Monero p2p to fiat currency using LocalMonero

[nakamura12]

You'll have to send your BTC to an exchange and you better use am exchange that doesn't require KYC but there's a chance that someone may know so better choice is to do p2p which is a lot more private but there's a risk of getting scammed or you can use a trusted escrow though it will cost you for the service but it it's what you want then you can cash out your crypto under the radar and not getting scammed. As you know, there are scammers who use like a social media to fool people who they will scam off of their money.

[SatoPrincess]

How to pull out the cash from electrum stored btc anonymously?

You can’t “pull out” cash from Electrum wallet or any non custodial wallet for that matter.  You can only send the coins from Electrum wallet to any other bitcoin wallet of your choice. If you want to convert your bitcoins to fiat, you will have to use an exchange or direct p2p. Since you’re concerned about maintaining your privacy, it’s better you use a decentralized exchange like bisq to trade your bitcoins for fiat.

I had to check your profile to see your previous posts before judging whether this question is based on an attempt to swipe someone’s Electrum wallet.

[lovesmayfamilis]

Without specifying your country, it will be difficult to determine the cash, and even in the country. Without specifying the amount, no one will travel from one place to another within the country if the amount is small or the transfer is 1:1.

write your country in addition to the commission, or download Bisq and search for someone who trades peer-to-peer.
Facebook and Twitter are good options if the amount is small and there is Bitcoin trading activity in your country.
Trade in a public place with small amounts.

He is from India, if you check his posts, he wrote one in the Indian local section.
In addition to the entire OP, pay attention to the aggregator www.bestchange.com. There are several options for exchanging Bitcoin. If you don't find a direct exchange, you can do a double exchange, which can certainly help you cash out your Bitcoins. But keep in mind that now many exchangers do AML checks, and these checks are not always in favor of clients.

[Lucius]

Firstly, Electrum is not an anonymous wallet, you'll have to use a VPN and your own Electrum personal server instead of using a third-party server to connect to the BTC network or you can use just a VPN and mix the BTC.
~snip~

I don't think the OP has that kind of anonymity in mind, and even if he does, he has already exposed his IP addresses and BTC addresses with the amounts he has on them. If he would like to make an Electrum wallet that would not share such information, he should first make a setup like you are talking about, and then somehow delete the connection between the coins he has now and those that should be in the new wallet. A far better option than VPN is to use a mixer with the help of TOR.
 
Given that the OP just wants to "cash out", that would be just one additional complication that he doesn't need at this point.

[Doan9269]

How to pull out the cash from electrum stored btc anonymously?

Use a mixer,

Maybe you're very conscious of avoiding the use of the centralized exchanges because of your privacy and their KYC requirements which could be annoying most times, you can always make use of the decentralized exchanges in such regard or get some trusted escrow service providers to perform you your p2p exchange.

[Razmirraz]

I recommend you visit the Development & Technical Discussion(Electrum) Board to find out more about how to use Electrum up to the point of sending BTC to an exchange wallet to convert it to Fiat. You can also stop here TUTORIAL: How to use Electrum (for beginners) to learn more about Electrum.

As a Newbie, you need to pay attention to the security of your wallet.
1. Always backup your private key.
2. Enable other security such as 2FA.
3. Always use a password that is not easy for other people to guess.
4. Never store your BTC in an Exchange wallet, unless you want to carry out activities there.
5. Always keep your private key secret, Only the people you trust most in your life can inherit your private key.

[Saint-loup]

Firstly, Electrum is not an anonymous wallet, you'll have to use a VPN and your own Electrum personal server instead of using a third-party server to connect to the BTC network or you can use just a VPN and mix the BTC.
~snip~

I don't think the OP has that kind of anonymity in mind, and even if he does, he has already exposed his IP addresses and BTC addresses with the amounts he has on them. If he would like to make an Electrum wallet that would not share such information, he should first make a setup like you are talking about, and then somehow delete the connection between the coins he has now and those that should be in the new wallet. A far better option than VPN is to use a mixer with the help of TOR.
 
Given that the OP just wants to "cash out", that would be just one additional complication that he doesn't need at this point.

Even if you use a mixing service on TOR, the Electrum server you will connect in order to be able to send your BTCs to the mixer, will see your IP address, so you need to trust it unfortunately. Using Electrum with the proxy SOCKS4/SOCKS5 feature and a VPN is not difficult and it adds a layer of anonymity which is never bad.  

[suzanne5223]

Firstly, Electrum is not an anonymous wallet, you'll have to use a VPN and your own Electrum personal server instead of using a third-party server to connect to the BTC network or you can use just a VPN and mix the BTC.
~snip~

I don't think the OP has that kind of anonymity in mind, and even if he does, he has already exposed his IP addresses and BTC addresses with the amounts he has on them. If he would like to make an Electrum wallet that would not share such information, he should first make a setup like you are talking about, and then somehow delete the connection between the coins he has now and those that should be in the new wallet. A far better option than VPN is to use a mixer with the help of TOR.
 
Given that the OP just wants to "cash out", that would be just one additional complication that he doesn't need at this point.

Even if you use a mixing service on TOR, the Electrum server you will connect in order to be able to send your BTCs to the mixer, will see your IP address, so you need to trust it unfortunately. Using Electrum with the proxy SOCKS4/SOCKS5 feature and a VPN is not difficult and it adds a layer of anonymity which is never bad.  

@Lucius I gave the advice because the OP question was doing the fiat cash out anonymously and to have it done she has to start with the wallet holding the fund.
@Saint-loup I believe the use of VPN or Socks won't provide a good level of anonymity since the fund-holding wallet is already exposed. The best option is what is explained by Lucius.

[Coyster]

Even if you use a mixing service on TOR, the Electrum server you will connect in order to be able to send your BTCs to the mixer, will see your IP address, so you need to trust it unfortunately.

You don't have to trust third party/intermediary nodes when you use electrum, thus you can connect your electrum wallet to your own full node and not that of a third party, so you can manage your transactions and assets.

1. Always backup your private key.
2. Enable other security such as 2FA.

HD wallets now make backing up more user-friendly because of seed phrases; don't back up private keys but just your seed phrase that you can use to generate all the keys. Lastly, i prefer a multi-signature wallet to a 2FA wallet.