Post
Topic
Board Bitcoin Discussion
Re: How to cash out Bitcoin anonymously?
by
buwaytress
on 28/10/2017, 21:12:32 UTC
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?

Face-to-face cash through localbitcoins.com is pretty anonymous. It can be more expensive though because someone has to take the time to meet with you.

Face to face meets aren't anonymous, by definition. But actually, my experience in two locations shows that the value for selling Bitcoins is much, much higher if you opt for non-online exchange, such as face-to-face meets. As of right now, both locations show rates >10% of the highest online buyer offer, and at much, much higher minimum buys.

And the reason why is simple: there's little or no protection for the seller. Think they busted several scam rings in India recently: lure people with high rates, rob them when they meet. With online exchanges, there's an escrow system that has never let me down in all my trades.

There are at least two exchanges I have seen in this forum that may not ask for verification for small amounts of cash sells. One's Russian-based, the other Ukrainian-based. Hint: go to russian local board and translate.