Alternative to LocalBitcoins | Bitcointalksearch.org

BitMaxz

legendary

Activity: 3514

Merit: 3253

Happy New year 🤗

Quote from: 1Referee on October 09, 2019, 04:01:06 AM

They do require additional verification in some cases, which they don't clearly specify what that means and what the exact threshold is, or whether its based on suspicious activity or not, so before using them I would assume that you have to submit ID and whatnot. It's a financial institution at the end of the day, so they have to comply with all the rules/policies.

Considering that OP isn't keen on walking himself through a KYC procedure, it probably won't be a proper alternative.

Yeah, it requires a KYC but you don't need to wait for more than a week to be verified since he is looking for a quick way alternative. I suggested it because you don't need to wait longer for KYC verification based on my experience I'm verified within a day after submitting all the requirements.

But if he is looking for no KYC then the suggested by squatter is the best option.

How about looking for someone near who can sell crypto? We have a section here and I think there are some users there who can offer meetups or buying crypto(As P2P).

@Astargath

Check the Bisq it seems they don't require a KYC verification it is a P2P Fiat Bitcoin exchange.

The only problem for this you need to install their clients and if you experienced some issues like "the software blocked by the AV" just whitelist the Bisq clients.

Just recently found this when searching on the forum it seems interesting p2p client.
This might be their official thread https://bitcointalksearch.org/topic/bisqnetwork-decentralized-exchange-httpsbisqnetwork-4509053

Astargath

hero member

Activity: 1624

Merit: 645

Quote from: magneto on October 09, 2019, 06:08:57 AM

Quote from: Astargath on October 08, 2019, 12:17:38 PM

Now that LocalBitcoins is enforcing KYC, I'm looking for a good alternative to cash out crypto to my bank account. If you guys can post the platform/services you are using, that would be great. It would be nice to find something that works quickly, I don't want to wait weeks to get my money.

You can either just keep creating new LBC accounts (probably against their ToS so do at your own risk), and bypass the entire verification process altogether for your first $1k trading volume, or use Paxful.

I've used Paxful plenty of times before. Can't say that it's as good as LBC is or was, because of various reasons including worse rates, a scam attempt where a seller tried to sell me a stolen credit card, and just a general lack of reputation compared to LBC. But if you're seeking a quick alternative, then Paxful should be completely okay.

Otherwise, try trading with Bisq, or Hodlhodl. I've heard good thing about them both but haven't tried them myself personally.

Yeah, I'm looking at Paxful, it seems pretty similar to LBC. I'll try with small amounts first.

magneto

hero member

Activity: 1666

Merit: 753

Quote from: Astargath on October 08, 2019, 12:17:38 PM

Now that LocalBitcoins is enforcing KYC, I'm looking for a good alternative to cash out crypto to my bank account. If you guys can post the platform/services you are using, that would be great. It would be nice to find something that works quickly, I don't want to wait weeks to get my money.

You can either just keep creating new LBC accounts (probably against their ToS so do at your own risk), and bypass the entire verification process altogether for your first $1k trading volume, or use Paxful.

I've used Paxful plenty of times before. Can't say that it's as good as LBC is or was, because of various reasons including worse rates, a scam attempt where a seller tried to sell me a stolen credit card, and just a general lack of reputation compared to LBC. But if you're seeking a quick alternative, then Paxful should be completely okay.

Otherwise, try trading with Bisq, or Hodlhodl. I've heard good thing about them both but haven't tried them myself personally.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: BitMaxz on October 08, 2019, 03:32:58 PM

If you are living in the US or in the Philippines you can try Abra they have step by step guide on how to transfer your Bitcoin to your Bank account.

Read this "How do I withdraw from my wallet using a bank? US"

They only support two countries to withdraw Bitcoin into fiat.

They do require additional verification in some cases, which they don't clearly specify what that means and what the exact threshold is, or whether its based on suspicious activity or not, so before using them I would assume that you have to submit ID and whatnot. It's a financial institution at the end of the day, so they have to comply with all the rules/policies.

Considering that OP isn't keen on walking himself through a KYC procedure, it probably won't be a proper alternative.

Quote from: squatter on October 08, 2019, 03:22:40 PM

You can respond to offers and trade up to $1,500 without verification on Paxful. I suppose you could create multiple unverified accounts to stay below the threshold.

Perhaps it's handy to also mention that one shouldn't use the same IP to create these multiple accounts. It's a breach of terms that will definitely lead to account termination.

BitMaxz

legendary

Activity: 3514

Merit: 3253

Happy New year 🤗

If you are living in the US or in the Philippines you can try Abra they have step by step guide on how to transfer your Bitcoin to your Bank account.

Read this "How do I withdraw from my wallet using a bank? US"

They only support two countries to withdraw Bitcoin into fiat.

dave111223

legendary

Activity: 1190

Merit: 1001

You can ask here on the marketplace by setting the quantity, price and your location. There may be people who are interested. If your country's tax system is advantageous, why not transfer them directly via SEPA via an exchange that accepts fiat currencies? It's fast and the costs are almost non-existent for some. After that, it's money you have to declare....

squatter

legendary

Activity: 1666

Merit: 1196

STOP SNITCHIN'

Quote from: Astargath on October 08, 2019, 12:17:38 PM

Now that LocalBitcoins is enforcing KYC, I'm looking for a good alternative to cash out crypto to my bank account. If you guys can post the platform/services you are using, that would be great. It would be nice to find something that works quickly, I don't want to wait weeks to get my money.

It depends where you're located. If you have access to the European SEPA system, you can cash out 5,000 Swiss francs equivalent per day without KYC documentation using the Edge wallet.

You can respond to offers and trade up to $1,500 without verification on Paxful. I suppose you could create multiple unverified accounts to stay below the threshold. Bisq and Hodl Hodl are often mentioned as alternatives but the number of offers is lacking.

You could also try the Currency Exchange board.

Astargath

hero member

Activity: 1624

Merit: 645

Now that LocalBitcoins is enforcing KYC, I'm looking for a good alternative to cash out crypto to my bank account. If you guys can post the platform/services you are using, that would be great. It would be nice to find something that works quickly, I don't want to wait weeks to get my money.

Topic: Alternative to LocalBitcoins (Read 202 times)