Hello there,
As I was driving earlier, this thought came through my mind. I've been accumulating Bitcoin for quite some time now, and at some point eventually I'll have to withdraw it in fiat, at least some of it. I'm not sure when that time will come, and I'm definitely not selling for anything below $50,000, but that's another story. However, I've always kept my bitcoin away from exchanges, and I prefer that it stays that way for obvious reasons that have been discussed numerous times in the forum.
Not only do I want to avoid exchanges but also banks, which is currently the most convenient way to withdraw money, but if I were to move funds to a bank account, they'd get taxed at 24%, which is a huge percentage. I've also thought about Bitcoin ATMs, but the majority of them here require some sort of KYC and feature expensive fees, although they may still be a better option than bank transfers. Is there an actual, reliable way to exchange bitcoin for cash in hand? My best guess would be a P2P transaction in person, but that's quite unlikely.
A p2p is good thing and make sure it will happen personally but you should be careful of course, you are holding and want to trade a large amount of money and you will be dealing with most probably a person who doesn't know you and you doesn't know as well but I think some people I knew exchange their bitcoin inside the casino I knew someone here in our country. They are doing transactions inside the casino only. Withdrawing huge amount of money without having a big business is questionable to banks and you will be tag as launderer maybe try to withdraw little by little if you want bank I guess.