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How are you cashing out your CryptoCurrency?

Discussion in 'CryptoCurrency' started by djking1, Jul 5, 2016.

  1. djking1

    djking1 BANNED BANNED Jr. VIP Premium Member

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    I've been reading up a lot on bitcoin, but I'm admittedly very far behind the curve. I have some ventures where I'd prefer to deal anonymously with money. I've been googling it, and reading through some onion sites, but everything just looks a little shady. So if you end up storing up a good amount of BC, how do you end up cashing out while still keeping the same anonymity as you had with the BC?
     
  2. Debian

    Debian BANNED BANNED Jr. VIP Premium Member

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    There are quite a few btc to debit card operations out there.
     
  3. satyawrat

    satyawrat Jr. VIP Jr. VIP

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    Also, localbitcoins. Do multiple smaller transactins with multiple brokers. anonymous? or pay for things with BTC.
     
  4. Debian

    Debian BANNED BANNED Jr. VIP Premium Member

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    Nothing really anonymous about localbitcoins. If you've ever dealt with their exchangers they want more personal information than your local bank manager.
     
  5. djking1

    djking1 BANNED BANNED Jr. VIP Premium Member

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    Thanks for that. Are they to your existing debit card, or would I purchase a new one that allows it? The only reason I ask is I travel full-time. I haven't had an address for more than 2 months at a time. I'm really nervous about getting a new debit card shipped, and the debit card I have is linked to my SSN.

    Another one of my concerns is I'm from the States, but I haven't been there in a few years. Regardless, every bit of money I make is supposed to be taxed there, whether I was in the states when I made the money. I'm afraid WHEN I get audited upon return that if I pretend I made no income, and they see an 8k deposit to a debit card with my name on it, that I'll be screwed. I'm just trying to get the money I make in my hand anonymously.

    Sorry for all the questions.
     
  6. mrankin

    mrankin Jr. VIP Jr. VIP

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    I pay for some of my hosting costs with BTC which is probably the easiest.
     
  7. fansfans

    fansfans Regular Member

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    i have a friends which can help to cashing out from BTC into cash so i am not worry.