<p>The factors that matter for any cash-out decision are:</p>

<ul>
<li>Where are you located (country)?</li>
<li>How much are you looking to trade?</li>
<li>What type of cash are you looking to receive?</li>
<li>How soon do you need access to the proceeds?</li>
<li>Is privacy important?</li>
</ul>

<p>In the U.S., <a href="http://coinbase.com" rel="nofollow">Coinbase</a> might be the simplest -- you can sell up to 100 BTC per day, with a fee of 1% and then from there the USD proceeds are redeemed to your bank.  But that is a cash-out method using the banking system, so it is not anonymous or even close.</p>

<p>Other popular methods include <a href="https://FastCash4Bitcoins.com" rel="nofollow">FastCash4Bitcoins.com</a> (now <a href="https://BitSimple.com" rel="nofollow">BitSimple.com</a>), which can cash out to your PayPal, Dwolla, ACH (Direct Deposit), Bank Wire, Check, bank wire, or silver bullion.</p>

<p>For privacy, you might consider LocalBitcoins, in which a local cash transaction occurs, face-to-face.</p>

<ul>
<li><a href="http://www.LocalBitcoins.com" rel="nofollow">http://www.LocalBitcoins.com</a></li>
</ul>

<p>There are dozens of cash-out methods:</p>

<ul>
<li><a href="http://en.bitcoin.it/wiki/Selling_bitcoins" rel="nofollow">http://en.bitcoin.it/wiki/Selling_bitcoins</a></li>
</ul>

CC BY-SA 3.0
2014-08-22T08:42:01.193Z
I'd recommend LocalBitcoins.com if you're OK with a rate ~5-10% below market rate (generally bank deposit or sometimes in-person cash transactions). I have always bought my BTC thru LBC and sold as well, though it'll come down to location
Wizard Of Ozzie
CC BY-SA 3.0
2013-03-01T08:39:36.067Z
2014-08-21T23:06:16.943Z
2014-08-21T23:06:16.943Z
Stephen Gornick
<p>so im thinking about purchasing a big bitcoin miner, but the question now is how do i convert my BTC back to cash? I don't feel safe giving out my info to mtgox or other exchanges as they require identification. So what is the easiest way without having to go through a bunch of steps to conver it back to USD?</p>

<exchanges><exchange-rate><privacy><mining-reward><sell-bitcoins>
What and where is the easiest way to convert bitcoin back to cash without showing ID?
Patoshi パトシ
# What and where is the easiest way to convert bitcoin back to cash without showing ID?

(Asked by: username_0 on 2013-02-28)

so im thinking about purchasing a big bitcoin miner, but the question now is how do i convert my BTC back to cash? I don't feel safe giving out my info to mtgox or other exchanges as they require identification. So what is the easiest way without having to go through a bunch of steps to conver it back to USD?

**Tags:** exchanges, exchange-rate, privacy, mining-reward, sell-bitcoins


---

## 1 answers

### Answer by username_1 on 2013-03-01. Score: 6 | Accepted answer

The factors that matter for any cash-out decision are:

* Where are you located (country)?
* How much are you looking to trade?
* What type of cash are you looking to receive?
* How soon do you need access to the proceeds?
* Is privacy important?

In the U.S., [Coinbase](http://coinbase.com) might be the simplest -- you can sell up to 100 BTC per day, with a fee of 1% and then from there the USD proceeds are redeemed to your bank. But that is a cash-out method using the banking system, so it is not anonymous or even close.

Other popular methods include [FastCash4Bitcoins.com](https://FastCash4Bitcoins.com) (now [BitSimple.com](https://BitSimple.com)), which can cash out to your PayPal, Dwolla, ACH (Direct Deposit), Bank Wire, Check, bank wire, or silver bullion.

For privacy, you might consider LocalBitcoins, in which a local cash transaction occurs, face-to-face.

* <http://www.LocalBitcoins.com>

There are dozens of cash-out methods:

* <http://en.bitcoin.it/wiki/Selling_bitcoins>

> **Comments:**
> **username_2**: I'd recommend LocalBitcoins.com if you're OK with a rate ~5-10% below market rate (generally bank deposit or sometimes in-person cash transactions). I have always bought my BTC thru LBC and sold as well, though it'll come down to location  

---

