How do you cash out crypto in an "untraceable" way, is it even possible?

[Anonymous No.51351382]

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

[Anonymous No.51351407]

>>51351382
Is there anything I'm missing here, so you guys use prepaid debit cards or are there some other methods?

[Anonymous No.51351419]

>>51351382
P2P.

[Anonymous No.51351434]

stuff like localbitcoins

[Anonymous No.51351469]

>>51351419
Face to face cash for crypto you mean?

Is that really the only way?

[Anonymous No.51351548]

>>51351382
You can try to find a deepweb market, buy shit with crypto (doesn't have to be drugs, could be computers, phones, etc) then resale online at a discount. I imagine the amount you'd lose off that would likely be far less than the taxes you'd pay.

[Anonymous No.51351589]

>>51351382
buy gold with xmr. you can buy it without KYC. they deliver it to your door.

[Anonymous No.51351619]

Non kyc exchange

[Anonymous No.51351655]

>>51351589
buy gold/silver with XMR, without KYC using a VPN you buy with XMR. they deliver it to your adress with UPS. you walk to the gold store and sell your gold coin at market rate to the gold buyer. you get a bunch of cash in hand. for whitewashing to bank account you need to go buy things at a store you own or cook the books in some other way. this wont be necessary in the future. anyway. you'll need xmr

[Anonymous No.51351668]

>>51351655
maybe you can even make the gold buyer deposit on a bank account. voila you have whitewashed bank credit. you can't do bigpurshases with it tho

[Anonymous No.51351686]

>>51351589
where

[Anonymous No.51351705]

>>51351382
>he thinks you can cash out
nobody tell him

[Anonymous No.51351709]

>>51351382
>use it as a fiat currency while remaining private and untraceable?
you'll need to do a whole bunch of setups and work with fake names and use non KYC vendors. its possible, but its a lot of work. so unless you are whitewashing / cashing out millions. its not worth the setup . and no one really cares about you not having paid taxes until you make millions and try to buy a house. anyway, just have a 110+IQ , think a bit and you can do it. good luck

[Anonymous No.51351714]

>>51351382
Don't know.
I know some gold & silver websites accept crypto as payment. Perhaps you could buy a bunch of silver with crypto and then pawn it for cash

[Anonymous No.51351733]

>>51351382
Fuck off IRS, you aren't fooling me.

[Anonymous No.51351743]

>>51351705

[Anonymous No.51351747]

>>51351469
There's probably some offshore Cape Verde bullshit you can perform. Not worth the hassle unless you're cashing out big money.

[Anonymous No.51351762]

>>51351469
Doesn't need to be face to face. Binance is a great platform for P2P with almost every payment method available. Bank transfer, wire, paypal, you name it.

[Anonymous No.51351829]

>>51351762
Question is it untracable?

[Anonymous No.51351834]

>>51351762
But bank transfer from P2P is not untraceable at all.

[Anonymous No.51351851]

>>51351705
>he thinks you can cash out

So what's the fucking point of crypto then?

[Anonymous No.51351878]

>>51351829
Well if it involves banks or PayPal then obviously fucking not.

[Anonymous No.51351927]

>>51351382
Try Bisq. Never used it but it works supposedly.

[Anonymous No.51351961]

>>51351927
I know about bisq, but how do you cash out from bisq while remaining anonymous?

[Anonymous No.51352055]

>>51351829
I think its dumb to ask if fiat money is untracable when it has a centralised governing body.

[Anonymous No.51352508]

>>51351851
It's a scam, simple as

[Anonymous No.51352661]

>>51352508
you must be a dumb ass to think so

[Anonymous No.51352730]

Swap to monero, swap to gift cards. Can cover everything shy of rent.

[Anonymous No.51352754]

>>51351382
atms. i do it all the time and i'm living in se asia right now and live off of xmr

[Anonymous No.51352798]

>>51352754
>go to American bitcoin ATM
>social security # required
>ID scan required
>Face / Retina scan required
I saw one of these for the first time the other day and checked it out and was presented with this.

[Anonymous No.51352975]

So basically crypto is useless for privacy?

In other words the only potential use for the whole thing is gambling.

[Anonymous No.51353147]

>>51351382
Sell on LocalMonero or something. Cash in Mail, f2f, gift cards, etc.

[Anonymous No.51354374]

>>51352730
Monero is so obsolete, it makes use of mixers, Railgun is more fun as it recently launched a mobile version for on the go privacy nad does not make use of mixers. You must be a primitive retard

[Anonymous No.51354554]

>>51351834
>>51351851
>>51352975
you don't "cash out", you use your cryptocurrency... as currency. you use it to perform commerce instead of cash.

[Anonymous No.51354707]

>>51354554
That's literally the dumbest thing ever, if you can't cash out to fiat it has no use.

[Anonymous No.51354782]

>>51354707
it's an alternative monetary system dingus. that's literally the use. this is what you're saying:
>"why can't I sell this untraceable money for traceably money but still be untraceable?"

[Anonymous No.51354862]

>>51354782
But it's not actually money, only reason it has any worth is because you bought with fiat in the first place.

And hard cash is almost 100% untraceable, so I don't see how that would mean converting to traceable money.

[Anonymous No.51354951]

>>51354862
well just find someone to trade crypto for cash then. there are many websites for such exchanges already mentioned in this thread. I don't know what it is you're looking for at this point

[Anonymous No.51354991]

Lots of good effortpost serious advice in this shill data collection thread. lurkers should feel blessed to be on this board at this time.

The short story is: you cash out by buying physical things and selling those physical things for cash peer to peer. that can be bullion, cocaine, knitted sweaters at a flea market, basically whatever you can sell to other humans in real life and can buy with crypto.

Yes, this does not work for well extremely large sums of money or autistic people who can't sell things in person. If you want to "cash out" large sums of money quickly and easily, you can do so by paying taxes.

Alternatively you can just hodl while other people cash out through goods and services, and eventually the entire economy will naturally use these exchange mediums and you can just use your crypto as money in like 20 years or whatever.

[Anonymous No.51355014]

>>51354951
That is in no way practical, you can't do any serious business that way.

I need a way to transfer about 5 figures monthly from one bank account to another and be able to use is as cash/fiat in the end but avoid raising suspicions.

[Anonymous No.51355053]

>>51354991
But is there no way to get an anonymous debit card you can withdraw the money to and use it to spend fiat money ?

[Anonymous No.51355060]

>>51355014
imagine if you were an actual criminal and not some federal agent collecting data

imagine getting to the point in your criminal enterprise that you *need* to do the thing you're describing but haven't planned out in advance for that situation by building up a mobile game to launder google play store cards through because even though google is eating 30% you can't pay taxes on criminal gains.

wew lad, sucks to be you. should have made that mobile game first.

[Anonymous No.51355074]

>>51355060
Ever heard of taxes?

[Anonymous No.51355097]

Basically crypto is a scam as I always suspected, it's just you bag holders that are coping hard with that fact.

It has no uses in real life apparently.

[Anonymous No.51355111]

>>51355074
I mean, playing along, are you really just trying to dodge taxes or do you need to actually launder stolen/hacked/drug money? This is a fun larp. Because if it's the latter yeah you could like make a business and eat a bunch of it as a fee but eventually pay taxes and have some clean money, but if you just want to dodge taxes on huge sums of money I don't think there's a better way than selling metal. Say you found pirate's treasure if anyone asks why you keep coming back with $10k gold bars every few weeks.

But no, I dont think there's anonymous debit card lol. I mean, they're called gift cards. You'd have to use gift cards. Which I guess you can use for lots of stuff these days.

Why do you need to have so much fiat available but can't pay the tax on it?

[Anonymous No.51355115]

>>51355014
lol. yes crypto will not allow you to launder 10s of thousands of dollars into traditional bank accounts tax free... How in the world would anything make that possible

>>51354991
good summary, ty

[Anonymous No.51355182]

>>51355111
Of course it's about taxes.

I even had Payoneer card that had no connection to me, just an account number and you could top it off and use it as a regular bank card in every sense.

Why would that be impossible to do?

Cash out from exchange to the anon card, and only security camera ate the ATM could potentially trace you.

[Anonymous No.51356096]

>>51351469
no its not, you can "clean IT"
regular cashout whenever you want...

[Anonymous No.51356115]

>>51351829
it can be

[Anonymous No.51356231]

>>51355182
you are a fucking brainlet. people have given you tons of ways here. you can't execute it cause you lack IQ.

[Anonymous No.51356234]

>>51356096
Tell me more plox.

[Anonymous No.51356287]

Just pay your taxes lol. Fucking maxi life faggots

[Anonymous No.51356320]

>>51356234
how secure is your connection?/

[Anonymous No.51356448]

>>51356320
Fiat transactions cannot be made obscure, you can only have your wallet transactions hidden by connecting to privacy platforms like zcash, monero, railgun and all that but wont work when you already have your crypto converted to cash, retard.

[Anonymous No.51356468]

Saying crypto is for privacy is a meme. Same as saying bitcoin is backed by energy.

[Anonymous No.51356481]

>>51355097
Not a scam. It’s a speculative asset that, while it can be exchanged for fiat currency, cannot be used to launder $$.

[Anonymous No.51356491]

>>51356448
it can go missing, hypothetically speaking

[Anonymous No.51356517]

>>51356448
you lack imagination

[Anonymous No.51356903]

>>51351382
Only untraceable way would be to first get your bitcorns for cash or another value transfer to a cold wallet made on tails, write down what you need, find a way to store it where you can make it through security with minimal risk to lose your seed. Fuck all this statist bullshit put in the way. Move to another minecraft server where you think crypto will prosper and live life. If you weren't smart enough to jump the hoops at first you deserve to be poor. There's still hope fren.

[Anonymous No.51357506]

>>51356517
I dont think its about imagination, anon is just being realistic. On-chain privacy is still where we are at now and the privacy protocols are doing pretty well with it but I hope eventually it will extended to fiat.

[Anonymous No.51357631]

>>51351469
Of course it's the only way. Pretend it's gold or whatever. How do you trade it for jewelry or cash? You either send it somewhere and they give you dollars in an electronically traceable fashion or you exchange it in person for dollars.

[Anonymous No.51358145]

>>51351762
All these options are pretty much traceable. Privacy in crypto is still for limited to the ecosystem, the best way to stay untraceable when converting to fiat is face to face transaction with cash.

[Anonymous No.51358822]

>>51351382
>How do you cash out crypto in an "untraceable" way, is it even possible?
Spend in XMR

[Anonymous No.51360042]

>>51354374
You absolute jeet nobody cares about your shitty erc20 Chuck E. Cheese token

[Anonymous No.51360092]

>>51351655
>make sure to buy it using a VPN! It's super duper untraceable!

[Anonymous No.51360112]

>>51354374
>Monero is so obsolete, it makes use of mixers

shut up shill bot you don't even know what you're talking about. Monero doesn't use "mixers", this isn't some bullshit tornado cash V2

[Anonymous No.51360130]

>>51351655
How does a VPN help with an XMR spend, really now. Especially if there's a record of them sending it to your house.
Also most places don't take XMR for gold, they take bitcoin for gold. In that case, you exchange the XMR for bitcoin into a fresh wallet, and then use that, but guess what? It's still going to your name, and your house.
>>51360092
VPNs definitely confound mass passive surveillance, but they sure wouldn't help here.

[Anonymous No.51360174]

You must enter the eternal dimensional fold from within.

[Anonymous No.51360175]

>>51360130
unless you're trying to watch movies in different countries TOR does what VPNs do but better in almost every way.

[Anonymous No.51360315]

Quality thread after a long fucking time

[Anonymous No.51361065]

>>51351382
Honestly the simplest way is to create a society in a 0% tax Haven and cash out there.

[Anonymous No.51361097]

>>51361065
> simplest

[Anonymous No.51361260]

>>51361097
More effective, my bad. Or just emigrate in a country with 0% tax on crypto for individuals. You can't fuck that up.

[Anonymous No.51362371]

>>51361260
why is not simple?

[Anonymous No.51362383]

>>51361065
>>51361260
Do you have a suggestion for what would be the best place to go for someone living in Germany?
There is a 0% tax after holding 1 year but staking income is taxed at 50-60% and does not take into account losses when cashing out.
There is also an exit tax if you own a company...
I can remain in Germany until I try to create a company and generate income from staking but need to change something if I want to make money from it...

[Anonymous No.51362421]

Germany also has a stupid law which can force you into bankruptcy for taxing gains and ignoring losses if you trade with contracts, options, or leverage...
If you are wealthy you can't use options to manage your wealth without creating a company and that opens a brand new can of worms.

[Anonymous No.51362599]

>>51362383
pourtugal

[Anonymous No.51362674]

>>51351382
Pay your capital gains tax.

[Anonymous No.51362861]

>>51351382
you swap bitcoin for cash locally, if you want to use crypto for daily shit like food, travel, hobbies, etc. but for anything about 10k+ you're never going to get away with that anonymously, especially if you live in a first world country.

[Anonymous No.51362940]

>>51362599
I was looking it up last year, but didn't like the uncertain situation for taxation.
It seems the tax man will try to come after you and not paying taxes is just a question of luck.

Was there a change in the taxation for crypto?
There was some discussion on taxation this year.

[Anonymous No.51363025]

>>51362940
Some cantons in Switzerland have a 0% crypto tax. They also have BTC ATMs. They seem to be rather pro crypto.

[Anonymous No.51363082]

>>51351382
Back in the day you could sell BTC locally on a website called localbitcoins. (not sure if it is still around)
but there is probably something similar to its concept if you look it up.
Basically you meet with someone face to face for a cash transaction for your BTC and vice versa.
Usually people would sell them for slightly less then market value. That's the convenience fee you pay I guess for it being untraceable cash in your pocket.
But beware you can definitely get scammed this way, its not fool proof; counterfeit bills, robbed of your BTC at gunpoint etc, so make sure your dealing with someone reputable If you do this. I believe there might be a rating system for frequent buyers/sellers similar to Ebay.

[Anonymous No.51365669]

>>51354951
Why did you relent to this idiot?

>>51354862
According to you, money must not have existed before 1970? I'll consider that you aren't some midwit if you can explain how something whose worth is arbitrary can affect the value of something that isn't.

[Anonymous No.51365691]

>>51351382
Casino and CS GO Skins.

[Anonymous No.51366401]

>>51351382
>How do you cash out crypto in an "untraceable" way, is it even possible
Well, I know that you can maintain private wallet and balance with Railway.

>I've been hearing for years about crypto being private
Kek, that's bullshit. With your wallet address on any block explorer, I can figure out everything about your financial life in crypto.

[Anonymous No.51366417]

>>51351382
sell your seed phrase

[Anonymous No.51366445]

>>51351733
There is no escape from privacy. Even with the pressure from regulators, there will still be a legal requirement for privacy that corresponds to laws similar to the General Data Protection Regulation.

[Anonymous No.51366479]

>>51352055
Actually, if you think about it, fiat is untraceable. Whatever cash you've got in your wallet, you can't specifically trace where it's coming from. Unlike the case in crypto where I can easily do that on the public ledger.

[Anonymous No.51366701]

Deposit onto a poker site that accepts crypto. Sit at the high stakes tables but dont really even play just pay enough rake to cash out in usd.
>oh i lost it all playing poker

[Anonymous No.51367033]

>>51360042
That's retarded, you know. Railgun is actually a non-token gated system. So, it's not about the token. It's about a better and more refined privacy solution that is completely decentralized, multi-chain composable and applicable on a grand scale.

[Anonymous No.51367053]

>>51360112
In any case, It is outdated. Stick with it and kys

[Anonymous No.51367078]

>>51360130
>How does a VPN help with an XMR spend, really now. Especially if there's a record of them sending it to your house.
you need the vpn to create orders on the website you order from. you wanted to stay untracable right? you don't order to your own house, it was just an example, you order to any address you want. you can get creative here. Gold sellers take ANY crypto for gold. they use bitpay or other services. you send XMR or any other crypto, they deliver Gold.

fucking brainlets god dammint

[Anonymous No.51367093]

>>51354374
>That's new
Incredible! on-chain privacy on mobile apps. Basically, anonymity can be achieved while trading on the go irrespective of where you are.

[Anonymous No.51367154]

Why would you want it to be untraceable OP? Crypto was designed to be public. Don't you think the system should be fair and equal for all? Why should one not pay taxes while another does? C'mon man, as Americans we are better than that!

[Anonymous No.51367159]

>>51351762
Lol Retard.
>>51358145
Wouldn’t wallet to wallet be the only real secure way. Just plug the usb into the sellers system and transfer the crypto from the buyer.
The wallet being just a nameless adres.
Only when it is found in your possession they could legally argue it’s your money. But only if they have the proof that you paid with it.

[Anonymous No.51367475]

>>51358145
>Privacy in crypto is still for limited to the ecosystem
Not limited. Depends on the privacy solution you're exploring. Take a look at ZK-SNARKS-built privacy systems and you'll realize how much development is taking place in PriFi

[Anonymous No.51367527]

>>51351382
Its impossible in current year. You cant, and I dare just 1 single person to prove me wrong.
>inb4 just swap 2 million into gift cards bro
>just do a p2p trade for 2 mills and pray you dont get shot and robbed bro

If you want to cash out $500 I guess you can use giftcards but thats about it. Anything more and youre fucked

[Anonymous No.51368067]

>>51355060
its not that suprising alot of video game markets are upheld by these black markets and individuals who consistently use them to wash money.
runescape is infamous for this.
WoW too.

[Anonymous No.51368484]

>>51367093
As far as I know, Railgun is the only privacy project with the mobile version, and they keep advancing making them pacers.

[Anonymous No.51369664]

>>51367078
So you think the plan is to just send metals to some P.O. box in large quantities? And that no one will ask you for your name or make a routine report to the IRS?

I'll grant you could probably get some silver or gold sent to you in small batches, but I'd be shocked if that worked for large amounts.

[Anonymous No.51370896]

>>51366445
Another aspect to look at will be data privacy. I should be able to decide what aspects of my data I want to share or not

[Anonymous No.51370925]

>>51369664
Under 10k it should work.

[Anonymous No.51370938]

>>51368484
0xMonero’s 0xTIP mixer works on mobile

[Anonymous No.51370957]

>>51366701
You can do this with ETH or 0xMR on crypto casinos like near casino and betcrypt365. Some casinos connect to payeer and perfect money.

[Anonymous No.51371041]

>>51351382
Bank account in Bahrain I have heard.

[Anonymous No.51371259]

>>51362383
Slovenia has zero % cashout no questions asked.