Post
Topic
Board Bitcoin Discussion
Re: How to convert to fiat anonymously?
by
TippingPoint
on 25/04/2015, 18:06:07 UTC
I have thought about Localbitcoins, meeting with an actual person and getting the cash, but that is annoying as hell, I want to be able to withdraw money from an ATM instantly, without depending on some random person being available that may or not rob you.

Trading is done with another human.  Find a localbitcoins dealer near you with a good reputation.  Tell him how many Bitcoin you want to trade, and determine his exchange rate.  Meet him in a location with wifi.  Show him your Bitcoin balance in your wallet.  Ask him to show you the fiat.  If you are still concerned, ask to do the trade incrementally.  You send him some Bitcoin, he pays you some cash.  (it is easier if you always deal in round numbers of fiat, and determine the fractional Bitcoin equivalent, rather than the other way around) Repeat if necessary.

That is trading Bitcoin for fiat, the way nature intended it.