btc - need help - page 2. | Bitcointalksearch.org

leen1993

newbie

Activity: 17

Merit: 1

Quote from: OcTradism on January 08, 2021, 02:00:30 AM

Quote from: leen1993 on January 07, 2021, 10:53:53 PM

how to sell anonymously for cash?

how to store stablecoins?

hard to do when you can't proof where the btc came from. So many different sources, some of my btc got stolen...
Cash and stable coins are not the same. Stable coins are like digital cash but the world is still far from a day when you can use stable coin or cryptocurrency (include CBDCs) to pay for all of your expenses in real life.

So let's obey the tax law regulation in your nation. When you actually cash out in fiat (not stable coin), pay tax per law, if you don't want to have jail time. 20 BTC has a big value today.

Even you will trade on real DEX, it does not mean you and your trades will be 100% anonymously. At least your trade partner knows such details (trade details, your identities)

Help: A list of LocalBitcoin alternatives (P2P marketplaces). Not all of P2P marketplaces are truly DEX.

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

Quote from: leen1993 on January 08, 2021, 08:31:32 AM

binance locked my account within 1 trade...

In one trade? So what you actually done there?

Deposited everything at once and traded there or part of it? Quite shocked after reading the locked when you quoted my post.

leen1993

newbie

Activity: 17

Merit: 1

Quote from: Findingnemo on January 08, 2021, 02:43:18 AM

Quote from: 20kevin20 on January 08, 2021, 02:10:34 AM

Well, Binance isn't anonymous nor is it fully KYC-free, at sums as large as almost 800,000$, I am quite sure they will request identity verification to proceed with the withdrawal.

OP, your best bet is Bisq if you really want anonymity and privacy. Exchanges keep your IP and fingerprint besides deposit/withdrawal addresses. It might take a while as liquidity isn't Bisq's best feature, but privacy always has a cost.

When there is not enough liquidity for the coin which OP wanted to trade on bisq like platform then he have no other choice than choosing Binance where no need if KYC for anything under 2BTC per day to withdraw.

Quote from: pooya87 on January 08, 2021, 02:22:48 AM

Quote from: Findingnemo on January 08, 2021, 12:08:01 AM

Binance is the best place to convert such big amount without KYC because other p2p platforms will have liquidity issues which may take too longer for the trades to get completed.

If the exchange has a KYC program already in place that means they can force anyone at any time to comply with it and block their accounts with their funds until they submit their documents. It is not wise to use centralized exchanges if you are looking for privacy and don't like to give up your documents to strangers!

I would also advise against using stablecoins for storage under any circumstances. They are highly risky even if it doesn't look like it because they are all centralized altcoins.

Yes, exchanges may ask for verification if they found any suspicious activity like change of location too often or the trader follow particular pattern for withdrawal amount every day alart from this there is less chance for KYC verification as far as I experienced.

binance locked my account within 1 trade...

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

I think you do not have to search for the other exchanges because binance will be a good exchange for you.
You do not have to verify your account if you do not comfort to give your document to them, but your account will be under limitations.
I think that will be no problem for you because you can still withdraw the funds for up to 2 btc.
That is the way to prevent you to hide your identity.
Maybe you can save the usdt or other fiat money on the other wallet, whether it's a hardware wallet or apps wallet for desktop or mobile phone.
But if you want to exchange stable coin with fiat, I think you can use third party services such as the exchange or local sellers in your country.

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

Quote from: 20kevin20 on January 08, 2021, 02:10:34 AM

Well, Binance isn't anonymous nor is it fully KYC-free, at sums as large as almost 800,000$, I am quite sure they will request identity verification to proceed with the withdrawal.

OP, your best bet is Bisq if you really want anonymity and privacy. Exchanges keep your IP and fingerprint besides deposit/withdrawal addresses. It might take a while as liquidity isn't Bisq's best feature, but privacy always has a cost.

When there is not enough liquidity for the coin which OP wanted to trade on bisq like platform then he have no other choice than choosing Binance where no need if KYC for anything under 2BTC per day to withdraw.

Quote from: pooya87 on January 08, 2021, 02:22:48 AM

Quote from: Findingnemo on January 08, 2021, 12:08:01 AM

Binance is the best place to convert such big amount without KYC because other p2p platforms will have liquidity issues which may take too longer for the trades to get completed.

If the exchange has a KYC program already in place that means they can force anyone at any time to comply with it and block their accounts with their funds until they submit their documents. It is not wise to use centralized exchanges if you are looking for privacy and don't like to give up your documents to strangers!

I would also advise against using stablecoins for storage under any circumstances. They are highly risky even if it doesn't look like it because they are all centralized altcoins.

Yes, exchanges may ask for verification if they found any suspicious activity like change of location too often or the trader follow particular pattern for withdrawal amount every day alart from this there is less chance for KYC verification as far as I experienced.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: Findingnemo on January 08, 2021, 12:08:01 AM

Binance is the best place to convert such big amount without KYC because other p2p platforms will have liquidity issues which may take too longer for the trades to get completed.

If the exchange has a KYC program already in place that means they can force anyone at any time to comply with it and block their accounts with their funds until they submit their documents. It is not wise to use centralized exchanges if you are looking for privacy and don't like to give up your documents to strangers!

I would also advise against using stablecoins for storage under any circumstances. They are highly risky even if it doesn't look like it because they are all centralized altcoins.

20kevin20

legendary

Activity: 1134

Merit: 1598

Quote from: Findingnemo on January 08, 2021, 12:08:01 AM

Binance is the best place to convert such big amount without KYC because other p2p platforms will have liquidity issues which may take too longer for the trades to get completed.

Which you planned to buy with bitcoin? Better consider alternatives of USDT like DAI which are truly decentralized.

Well, Binance isn't anonymous nor is it fully KYC-free, at sums as large as almost 800,000$, I am quite sure they will request identity verification to proceed with the withdrawal.

OP, your best bet is Bisq if you really want anonymity and privacy. Exchanges keep your IP and fingerprint besides deposit/withdrawal addresses. It might take a while as liquidity isn't Bisq's best feature, but privacy always has a cost.

Little Mouse

legendary

Activity: 2072

Merit: 2012

Marketing Campaign Manager |Telegram ID- @LT_Mouse

Friendly note-
People spreading FUD or that's what going to happen- usdt stablecoin can be risky as SEC may have issue with that. Better you would look for other stablecoin, at the moment, I'm considering converting my usdt to DAI. It’s decentralized stablecoin.

OcTradism

hero member

Activity: 1722

Merit: 801

Quote from: leen1993 on January 07, 2021, 10:53:53 PM

how to sell anonymously for cash?

how to store stablecoins?

Cash and stable coins are not the same. Stable coins are like digital cash but the world is still far from a day when you can use stable coin or cryptocurrency (include CBDCs) to pay for all of your expenses in real life.

So let's obey the tax law regulation in your nation. When you actually cash out in fiat (not stable coin), pay tax per law, if you don't want to have jail time. 20 BTC has a big value today.

Even you will trade on real DEX, it does not mean you and your trades will be 100% anonymously. At least your trade partner knows such details (trade details, your identities)

Help: A list of LocalBitcoin alternatives (P2P marketplaces). Not all of P2P marketplaces are truly DEX.

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

Binance is the best place to convert such big amount without KYC because other p2p platforms will have liquidity issues which may take too longer for the trades to get completed.

Which you planned to buy with bitcoin? Better consider alternatives of USDT like DAI which are truly decentralized.

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Quote from: leen1993 on January 07, 2021, 11:19:41 PM

I don't see any volume on bisq?

Other noobquestion.
Where do I send my stablecoins too? Where do I make a wallet ?

On the client you don't see any volume or elsewhere? I think dexes are fairly experimental and not so trustworthy atm.

You could try a site like binance to convert (I've put a few btc on there and been able. To withdraw - not sure what their limit is now though).

For stablecoins, a lot of them are on the ethereum network so you could go to myetherwallet or metamask (if typing into a search engine pick the first result that isn't an ad).

You're going to want to buy some ethereum at the same time and use it to fund the account you've just created as you need thst for PAYING FEES when you SEND a transaction from your new account. Also remember to withdraw from an exchange using the erc20 option on the withdrawal screen if one applies.
I normally send small amounts to and fro in both instances (btc and stablecoins to and from the exchange to your wallet) once or twice just to check I'm confident in doing it with larger.

If you're going to be doing this with what a hacker/scammer might consider valuable you might want to invest in a hardware device like a trezor (trezor.io) - alternatively there a guides for how to make one out of a raspberry pi using open source software for a few hundred bucks.

mk4

legendary

Activity: 2786

Merit: 3845

Paldo.io 🤖

Quote from: leen1993 on January 07, 2021, 11:19:41 PM

i don't see any volume on bisq?

Yea.. volumes are pretty shite with Bisq unfortunately. You either set your own offers and wait, or try other services such as LocalCryptos[1] and HodlHodl[2].

Quote from: leen1993 on January 07, 2021, 11:19:41 PM

Other noobquestion.
Where do I send my stablecoins too? Where do I make a wallet ?

Completely depends on what stablecoin you're planning on using. USDT has the highest volume though, and you probably want to use an Ethereum wallet through services like MEW[3].

Word of warning though.. Topic: [UPDATED] PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets

[1] https://localcryptos.com/
[2] https://hodlhodl.com/
[3] https://myetherwallet.com/

leen1993

newbie

Activity: 17

Merit: 1

Quote from: jackg on January 07, 2021, 11:05:19 PM

Quote from: Charles-Tim on January 07, 2021, 11:02:07 PM

Hodlhodl or bsiq exchange will be good to sell Bitcoin anonymously, you can also use ithis exchanges to buy Bitcoin without no kyc.

In addition to this: bisq has limits on how much you can trade for fist but I don't think it has them for stsnlevoins (could be wrong though.

When picking a stablecoin, please do your research to determine which is best as done are shadier than others (for example I'd personally stay away from tether/usdt).

i don't see any volume on bisq?

Other noobquestion.
Where do I send my stablecoins too? Where do I make a wallet ?

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Quote from: Charles-Tim on January 07, 2021, 11:02:07 PM

Hodlhodl or bsiq exchange will be good to sell Bitcoin anonymously, you can also use ithis exchanges to buy Bitcoin without no kyc.

In addition to this: bisq has limits on how much you can trade for fist but I don't think it has them for stsnlevoins (could be wrong though.

When picking a stablecoin, please do your research to determine which is best as done are shadier than others (for example I'd personally stay away from tether/usdt).

Charles-Tim

legendary

Activity: 1512

Merit: 4795

Leading Crypto Sports Betting & Casino Platform

Hodlhodl or bsiq exchange will be good to sell Bitcoin anonymously, you can also use these exchanges to buy Bitcoin without no kyc required. Also is another one called LocalCryptos which will be good because no kyc needed also.

leen1993

newbie

Activity: 17

Merit: 1

I hold over 20 btc in cold storage and like to sell some at these prices.
how to sell anonymously for cash?
how to exchange for stablecoins anonymously and safe?
how to store stablecoins?

Topic: btc - need help - page 2. (Read 349 times)