Topic: Best way to pay newbie with bitcoin? - page 2. (Read 338 times)
If you want to transfer your btc to any bank directly then I don't think you can avoid KYC verification. You can sell it on your country or you can choose someone trusted from Localbitcoin website. Another thing you can do, post on Currency exchange bord of this forum. Mention your country then someone will buy it. And obviously you should use escrow service to avoid scam. Don't find easy and shortcut way always. May be someone or some website will scam you. To be honest coinbase will best if supported by your local bank.
You might try some of the decentralized exchanges, because some of them are still new and they do not require verification yet.
The only way that I know is if OP will switch his BTC into ETH and make an account on localethereum, which is p2p like localbitcoins and at the same time decentralized and don't require KYC.
If I understand what you are missing, you need to use Localbitcoin.com or Paxful, the platform is easy and people are trusted "check them profiles" to buy and sell BTC safely.
About converting to PayPal try virwox "High fees but trusted exchange.".
About converting to PayPal try virwox "High fees but trusted exchange.".
You obviously have not used Localbitcoin.com recently, they also started to request KYC verification these days.
They were the go to service for these kinds of service, but they also bowed to government pressure. The problem is, as soon as there are Fiat involved and also Banks, the service used will always demand KYC/AML verification. You might try some of the decentralized exchanges, because some of them are still new and they do not require verification yet.
Hey guys. Was looking for a convienent way to pay someone I owe money in bitcoin who has no technical or familiarity with crypto. Someone who is new and not 100% confident who needs a way to sell it into fiat at any time. My first thought was coinbase, as they can deposit into bank accounts directly. Then I thought the Cash app would be easier. But both have id verification and all this paperwork to go through. Is there anything supwr simple? Like maybe a wallet integrated into paypal or venmo? Any advice appreciated.
There has some wallet that you can easily use and send BTC one o another people without fee or kyc.So i suggest to you use coinbase or blockchain and its very simple to use and one coinbase to another coinbase totally free .Now You can Buy crypto from more than 100 alternative payment methods and 40 currencies into Bitcoin, Bitcoin Cash, Ether, Ethereum Classic, Litecoin, XRP and 0x instantly – no additional verification required so use skiril or neteller.
I can advise you to go with localbitcoins where you can create coupon code worth the amount you owe to that person (newbie) and share that coupon code with him and when he will enter this coupon code in his localbitcoins account, he will have both the options to hold Bitcoins without converting or cashing out into the fiat currency as per his convenient method of cashing out. Honestly, I haven't used this feature but it's really cool I guess.
Besides coinbase if there's a local exchange on your country that supports bitcoin and other services like here in asia in my place (coins.ph) where people can use in sending and receiving bitcoin/money without precise knowledge in bitcoin though they still don't implement in paypal exchange but coinbase does AFAIK.
Second this. We are both using our local exchange and they provide various services in order to convert bitcoins to fiat easily. You might want to check your country if they implemented any exchange platform. Be wary of fees that might accumulate whenever you transfer your bitcoins from an exchange to a local wallet.
although i would suggest paying them directly with fiat since they have no idea what bitcoin is and want fiat right away!
This is indeed the most convenient way of paying him or you can also use paypal. If your purpose is primarily for payment, then sending him cash via electronic stores might be the best idea.
Hey guys. Was looking for a convienent way to pay someone I owe money in bitcoin who has no technical or familiarity with crypto. Someone who is new and not 100% confident who needs a way to sell it into fiat at any time. My first thought was coinbase, as they can deposit into bank accounts directly. Then I thought the Cash app would be easier. But both have id verification and all this paperwork to go through. Is there anything supwr simple? Like maybe a wallet integrated into paypal or venmo? Any advice appreciated.
In the first place why he is interested to get paid in Bitcoin, if he wants Bitcoin then it's better to educate him first about how good is this technology, that could do him a great favor if you educate him it will not even take a day, do this before you send him his bitcoin. 
If I understand what you are missing, you need to use Localbitcoin.com or Paxful, the platform is easy and people are trusted "check them profiles" to buy and sell BTC safely.
About converting to PayPal try virwox "High fees but trusted exchange.".
About converting to PayPal try virwox "High fees but trusted exchange.".
Hey guys. Was looking for a convienent way to pay someone I owe money in bitcoin who has no technical or familiarity with crypto. Someone who is new and not 100% confident who needs a way to sell it into fiat at any time. My first thought was coinbase, as they can deposit into bank accounts directly. Then I thought the Cash app would be easier. But both have id verification and all this paperwork to go through. Is there anything supwr simple? Like maybe a wallet integrated into paypal or venmo? Any advice appreciated.
The simplest way is to use an exchange, such as a ZB exchange. Choosing C2C transaction and publishing the sale information will receive the buyer's payment directly. Simple, the key is security. There is endorsement on the exchange. There won't be so much trouble. ZB's website is zb. cn, which I've been using all along.
Payza used to allow people to deposit bitcoin and convert it into fiat but now Payza has turned into scam or probably closed their service. You can try perfectmoney. It doesn't require a lot of stuffs in order to convert it into fiat provided that the amount isn't a bigger one.
Besides coinbase if there's a local exchange on your country that supports bitcoin and other services like here in asia in my place (coins.ph) where people can use in sending and receiving bitcoin/money without precise knowledge in bitcoin though they still don't implement in paypal exchange but coinbase does AFAIK.
Also, there's no services that exchange bitcoin/crypto to fiat without requiring KYC, it's common once its related to fiat.
Also, there's no services that exchange bitcoin/crypto to fiat without requiring KYC, it's common once its related to fiat.
As has been said above, you need a trusted service and all trusted services follow the same procedures.
A KYC process is not something that would put off a newbie, it is required in almost all financial registrations, so encountering it in cryptocurrency exchanges should not be a problem.
You can all try LUNO, it allows you transfer little amounts without completing KYC.
A KYC process is not something that would put off a newbie, it is required in almost all financial registrations, so encountering it in cryptocurrency exchanges should not be a problem.
You can all try LUNO, it allows you transfer little amounts without completing KYC.
you are looking for something that allows you to convert bitcoin to fiat and transfer it to bank and because of that last part it is impossible to find some service that is both trusted and doesn't require identity verification. that simply doesn't exist.
the only option i can think of is Coinbase. although i would suggest paying them directly with fiat since they have no idea what bitcoin is and want fiat right away!
the only option i can think of is Coinbase. although i would suggest paying them directly with fiat since they have no idea what bitcoin is and want fiat right away!
Hey guys. Was looking for a convienent way to pay someone I owe money in bitcoin who has no technical or familiarity with crypto. Someone who is new and not 100% confident who needs a way to sell it into fiat at any time. My first thought was coinbase, as they can deposit into bank accounts directly. Then I thought the Cash app would be easier. But both have id verification and all this paperwork to go through. Is there anything supwr simple? Like maybe a wallet integrated into paypal or venmo? Any advice appreciated.
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