Even though Bitcoin transactions aren’t nearly as anonymous as everyone hoped, there are still several ways how you can convert your Bitcoin funds to USD cash while keeping your identity hidden to a considerable extent.

1. Can You Sell Bitcoins For Cash
2. How Do You Cash Out Bitcoin
3. How Do U Cash In Bitcoin
4. Cash Out Bitcoins To Bank Account

Are you looking to cash out your Bitcoin?

LocalBitcoins is the best way to exchange Bitcoin to cash. You can make the exchange anonymously with private and experienced sellers. And in some areas, it might be the only way to exchange Bitcoin where exchanges are not available. Get started here.

Trade Locally Using LocalBitcoins

If you invest in bitcoin can you cash out. This week, Bitmain revealed that it had diminished its Bitcoin mining power by 88%. The statistic is indicative of an overall reduction in capacity, and alerts that the crypto mining big is starting to shut down at the least some of its mining equipment. You might assume that you can do that at any Bitcoin ATM, but the truth is: less than 1/3 of all BTMs allow you to cash out your bitcoin. Coin Clouds are 100% Two-Way, Yay! Luckily, 100% of Coin Clouds are two-way, allowing you to sell your bitcoin for cash just as easily as you can buy it.

Can You Sell Bitcoins For Cash

LocalBitcoins is a Finland-based service that facilitates the over-the-counter trading of local currency in exchange for Bitcoins. The service allows you to trade Bitcoins in 15,650 cities and 248 countries around the world, and all that’s required from you to use it is a simple account registration and verification, which can be completed in just a few minutes.

• Coinbase only allows you to sell directly into your Coinbase fiat wallet. However, there is no limit on the amount you can sell to your wallet. After selling to your Coinbase fiat wallet, you can opt to either withdraw funds to your US bank account or repurchase cryptocurrency on the platform.
• Join our Local Bitcoin Cash (BCH) marketplace to get the best margins on every trade. Discover businesses that let you pay for goods and services with Bitcoin Cash (BCH). Bitcoin for beginners. Get started with the basics - get the support you need with our simple guides.

LocalBitcoins displays advertisements from users, who state exchange rates and payment methods for buying or selling Bitcoins. Other users may reply to these advertisements and negotiate the terms of trade. LocalBitcoins acts as an intermediary, providing an escrow and conflict-resolution service, in addition to the platform itself.

Most local trades using LocalBitcoins happen in larger cities. Two LocalBitcoin users agree on a meeting place and a time for the trade to occur and typically use a smartphone Bitcoin wallet to perform the transaction itself. LocalBitcoins has its Android app, which is a must-have for any local trading.

Withdraw Cash from Bitcoin ATM Near You

There is a growing number of Bitcoin ATMs, which are Internet-connected machines that allow people to exchange Bitcoins for cash, and vice versa. Bitcoin ATMs can be typically found in high-traffic areas, such as shopping malls or train stations.

The Bitcoin ATM Map app from CoinATMRadar allows you to find all Bitcoin ATMs near you quickly. It even lists all the cryptocurrencies each ATM supports as well as its address, fees, limits, and sometimes even pictures and other useful information.

Just keep in mind that Bitcoin ATMs usually charge very high transaction fees. It’s not unheard of to pay more than $50 in fees alone for a single transaction performed using a Bitcoin ATM.

Spend It or Buy Gift Cards

Thousands of retailers and services around the world accept Bitcoins, including such giants as Amazon and Overstock.com. If you’re willing to jump through a few hoops, you could purchase some high-demand items, for example, the Samsung Galaxy S8 Edge or the iPhone 8 Plus, with your Bitcoins and then sell the item on eBay for cash.

How Do You Cash Out Bitcoin

Read our previous article for more recommendations of Bitcoin-friendly stores, including Gyft, which provides a great way how to buy gift cards online for retailers like Amazon, Starbucks, and iTunes with Bitcoins.

Best way: Coinbase/GDAX

Coinbase is a very popular digital currency exchange headquartered in San Francisco. Coinbase users can trade Bitcoin, Bitcoin Cash, Ethereum, and Litecoin with fiat currencies in 32 countries. Because Coinbase complies with the Bank Secrecy Act, which prevents money laundering, it requires its users to go through a simple verification process.

As such, Coinbase isn’t anonymous, but it is reliable and trustworthy. What’s more, the exchange offers a fantastic app for Android and iOS, which has even become onf of the most downloaded app in the Apple App Store.

Are you looking to cash out your Bitcoin?

LocalBitcoins is the best way to exchange Bitcoin to cash. You can make the exchange anonymously with private and experienced sellers. And in some areas, it might be the only way to exchange Bitcoin where exchanges are not available. Get started here.

Bitcoins investment is one of the riskiest yet there are high profits included. ‘

Different Ways to Cash Out Bitcoins into Cash or Bank Account

How Do U Cash In Bitcoin

The simple way to sell or cash out Bitcoins is to sell them via some websites which are quite famous and reliable in their business.

1. LocalBitcoins

On this website, you can sell Bitcoins in two ways- through online bank transaction or in hand transfer. You need to sign up and add the Bitcoins which you are willing to sell. You can prefer to sell for direct cash/ or bank transfer. People around you could see the price which you are quoting and can approach you. Since LocalBitcoins doesn’t verify the users beware of fraudsters as people you meet can harm you and may not be trustworthy. Localbitcoins connect the purchaser and seller personally where the Bitcoin can be converted to cash without any taxes or banking charges. Visit LocalBitcoins.

2. Bitquick

Bitquick is a platform where you can sell Bitcoins at the current price without any commission and is one of the fastest exchange. They provide a simple procedure where the user needs to enter the amount of Bitcoin on the personalized escrow address. There are various option to sell Bitcoin at such as static pricing and dynamic pricing. Dynamic pricing allows you to select the Bitcoin exchange rates and time of Bitcoin pricing. Such as 24hrs average, current price, whichever is greater. The amount would be directly sent to your bank from where you can withdraw the cash. Bitquick is not a secure website though, which may tamper your credentials. Visit Bitquick.

3. Coinbase

This is a trustworthy, safe place where you can sell Bitcoins for a reasonable price. Even though they levy a percentage of commission yet it is safe without any risks. You can go the wallet and select the number of Bitcoins you intend to sell. Once you confirm the amount would be sent to your bank which is being registered on Coinbase. Visit Coinbase.

4. CEX.io

Cex.io allows you to cash out the bitcoins in two different forms- bank transfer and cryptocurrency. This can be used for further investment or can be used to cash out. Cex.io is trustworthy exchange located in London. They require ID verification and valid proofs in order to make a transaction with them. Visit CEX.io.

Cash Out Bitcoins To Bank Account

5. Peer-to-Peer trading

This method of Bitcoin to cash includes a Bitcoin space such as Brawker or Purse where I would put my Amazon request regarding some household or personal purchase and the final cheque would be paid by a random stranger through his credit/debit card. Once the package reaches my place the Bitcoin space would pay the stranger in appropriate Bitcoins. In this way, the products which we need can be bought for Bitcoins. Bonus Tip:

How to Cash Out BTC in the Local Market

In most of the countries, people are waiting to buy and invest on Bitcoin without using a bank account. Some do that to save the tax amount while some do it for illegal purposes without producing any documents/credentials. In fact most of the people with black money these days prefer using Bitcoins for converting their black money, in countries like India, people end up paying 10-15% more than the actual Indian Bitcoin value just for a cash purchase. This method is both cheaper and riskier than other markets. If any of our friend, family or relative is holding a Bitcoin and are willing to sell then you can get the Bitcoin at the actual price i.e. 15-30% less than the Indian value. By that way, you can make an in hand transaction without paying any commission to Bitcoin exchanges or paying tax to the government. The liquidity of Bitcoin can be maintained by these way where you can save yourself from bearing a loss. Converting to hard cash is always slightly difficult and risky while you can convert it into the bank account or other cryptocurrencies easily. There are some websites such as Coin.ph where you can invest on Bitcoins and can take it back to the Coin.ph wallet where it is safe and secure. It can be reused to either invest or can be reverted back to the bank account.