/biz/ - Business & Finance

I've been hearing for years about crypto being private and so on, I know that's mostly not the case but some coins like XMR are supposedly untraceable.
That's all fantastic but what I always struggled to understand is how do you make that useful in everyday life?
How do you withdraw your crypto and use it as a fiat currency while remaining private and untraceable?
Because surely just withdrawing it to your bank account would defy the whole purpose of using the crypto for privacy reasons in the first place. Is there anything