Buy things with Bitcoin without Bank or KYC?

joniboini

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Quote from: betajuice on October 12, 2020, 10:06:17 PM

fund an anonymous prepaid debit card?

As far as I can remember, a guy is selling this kind of service in the Services section. You buy a card but there is no KYC, which means somebody else might you your card info and it's risky as hell. If you decide to use service like this be prepared for the worst, only top-up your card when you need to use it.

Other than that, P2P in forum is an alternative. Or simply buy directly with Bitcoin on services that you usually use. I personally use my Bitcoin for my cloud subscription, gaming activity, and so on.

gatti

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Quote from: betajuice on October 12, 2020, 10:06:17 PM

Is there a convenient way to sell bitcoin into physical cash or fund an anonymous prepaid debit card?
Any other options?

The only method I'm aware of is cash trades in person.

I'm hoping there is some other nifty way.

My goal is to make regular everyday purchases without transactions recorded to my name!
I believe it is a privacy violation.

Thank you.

Mostly people like to buy the things without bank or kyc to avoid of taxes.Because some government not favor the country people and the people get into power enjoy the money received as a taxes.The get into corruption,which distress the people to pay of tax.Once the bitcoin will be approved by your government,you can use of bitcoin debit card.

samcrypto

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Quote from: ralle14 on October 14, 2020, 07:00:26 PM

Quote from: Lordhermes on October 13, 2020, 07:31:16 AM

Depending on your residence, there are numerous peer to peer centralised exchange for easy selling and buying your bitcoin into physical cash as in your fiat currency without physical transaction as thus seems risky and less security.
You can try the following peer to peer, but note, cross-check if your country is restricted from using the platform before performing transactions.
-Remitano
-Localbitcoin
-Paxful. Regarding this, you can check if your country is among the banned one from using the platform: List of banned countries, OFAC – Paxful Help Center

Localbitcoins and Paxful are two good alternatives but without KYC verification the limits are very small like $1,000~ a year and that would only last a couple of months for OP since he's going to use them regularly.

There's also users trading in this section but trading in person is probably better if you find a regular seller near your place.

There’s still a restriction but at least he can buy things without KYC and he’ll use the cryptocurrency for its main purpose, not just by holding it.

I haven’t tried to use Localbitcoins but I’ve heard a lot of good reviews from this so its worth trying for even if the limit is pretty much low for a year of transactions. Regular seller is the best option, but if its an overseas transaction, then KYC is still needed for you to received the item.

cryptomaniac_xxx

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Quote from: Wexnident on October 14, 2020, 08:06:45 PM

Is it possible for you to indicate the country you're staying at right now? We can make more specific answers from that imo, cause if not, only general answers that work mostly everywhere would be given like Localbitcoins and Paxful. You can try out looking for P2P peeps to trade with personally, though that would take quite some time, like a lot imo, mainly due to finding someone who is actually legit in trading and actually knows what they're doing.

Yes, this one, depends on your location, perhaps you can check if you country has some sort of local exchanges, usually you can find it in facebook or other social media sites. And then try to contact them and also haggle with the price so that you can get a good discount. Just be careful though, go for a place that is safe and a lot of people so that you won't get scam. Did it myself several times, but expect the unexpected, in one instance I was already in place and then my contact said that he is backing out because of the huge change in the price and is not willing to trade because he will lose a lot of money.

Wexnident

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Is it possible for you to indicate the country you're staying at right now? We can make more specific answers from that imo, cause if not, only general answers that work mostly everywhere would be given like Localbitcoins and Paxful. You can try out looking for P2P peeps to trade with personally, though that would take quite some time, like a lot imo, mainly due to finding someone who is actually legit in trading and actually knows what they're doing.

You can also try and see if a 3rd party is willing to do the KYC procedures for you and sell it to you. Just that if you're doing this and you're lending the money personally yourself, ask for some sort of collateral to avoid getting scammed, and most preferably, pick someone trustworthy.

ralle14

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Quote from: Lordhermes on October 13, 2020, 07:31:16 AM

Depending on your residence, there are numerous peer to peer centralised exchange for easy selling and buying your bitcoin into physical cash as in your fiat currency without physical transaction as thus seems risky and less security.
You can try the following peer to peer, but note, cross-check if your country is restricted from using the platform before performing transactions.
-Remitano
-Localbitcoin
-Paxful. Regarding this, you can check if your country is among the banned one from using the platform: List of banned countries, OFAC – Paxful Help Center

Localbitcoins and Paxful are two good alternatives but without KYC verification the limits are very small like $1,000~ a year and that would only last a couple of months for OP since he's going to use them regularly.

There's also users trading in this section but trading in person is probably better if you find a regular seller near your place.

el kaka22

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If you want to buy things with bitcoin and not deal with any bitcoin company that allows you to fill your debit card (which they give you) with bitcoin constantly, but not give your KYC, that would be tricky. There are tons of places that allows you to request a card from them, they make you fill a huge form, and after a while you end up with a card they send you, after that you open up the website, put in your details, you put bitcoin in it, shows how much that is in fiat and you could spend that forever.

It would make things a lot clearer for everyone, it would actually be quite easy for you as well because you are giving your KYC information but they are not going to use that for anything big, they are just notifying government like "is this an illegal person?" and if you are not that means they won't use your info anymore.

pankaj1234

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Wonderful question that buy things with bitcoin without bank or kyc. This will very good if we can buy any products in this world by cryptocurrencies. This helps us lot but country economy control in hand of government, if they don't accept cryptocurrencies as a form of money then this is not going to happen. Another big issue is that if we do big deal with btc then that matter definitely go to give big problems. Anyway great question to ask people what are they thinking.thank you.

Harlot

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If you want as little connection you want from a transaction with your cryptocurrencies I think you already know the answer to that since transaction physically is your option. Anything done with the assistance of the internet and your bank account will automatically tie your name up for this transaction and you can't do anything about it.

Quote from: betajuice on October 12, 2020, 10:06:17 PM

My goal is to make regular everyday purchases without transactions recorded to my name!
I believe it is a privacy violation.

For me personally it's not a violation of privacy, the thing about Bitcoin right now is that its anonymity is getting smaller and smaller with the involvement and hopefully the acceptance of our governments for the crypto industry. Just think about it if you have nothing illegal to hide with your transactions then you have nothing to worry about being tied out with your crypto assets.

Tytanowy Janusz

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Here you can find list of ATMs. Big part of them are no-KYC. Find closest one to your location and read their TOS.

https://coinatmradar.com/

Also you can search for local vendors:

https://localbitcoins.com/

There are alo lists of stores that accept bitcoin:
https://99bitcoins.com/bitcoin/who-accepts/

Lordhermes

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Depending on your residence, there are numerous peer to peer centralised exchange for easy selling and buying your bitcoin into physical cash as in your fiat currency without physical transaction as thus seems risky and less security.
You can try the following peer to peer, but note, cross-check if your country is restricted from using the platform before performing transactions.
-Remitano
-Localbitcoin
-Paxful. Regarding this, you can check if your country is among the banned one from using the platform: List of banned countries, OFAC – Paxful Help Center

pakhitheboss

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You can try Mycelium wallet's Market place to find a local vendor for fiat conversions. As you might be aware Mycelium wallets do not ask for KYC verification and their registration process is also very simple.

If the city that you live in is bigger than the chance of finding more vendors is very high. In case you want to directly use your Bitcoin in the wallet to make purchase, then you can simpley activate the TOR network in settings and all your transactions will be disguised.

jrrsparkles

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Peer to peer trading platforms are more convenient than meeting some in personal and convert your bitcoin into fiat cash. But most of the other payment modes may ask you for ID because of risk involved but still you can find people who doesn't care about it but you may have to pay for it which could be less prices than the actual market price.

mk4

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Quote from: betajuice on October 12, 2020, 10:56:18 PM

I thought almost all bitcoin ATM's are KYC ?

It depends on the bitcoin ATM company issuer, and probably also the local laws. Some require KYC for all transactions, some require KYC for only high amounts, and some don't require KYC but have CCTV cameras.

betajuice

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Quote from: adaseb on October 12, 2020, 10:25:02 PM

Your last option is to find a 2 way bitcoin ATM in your city and see if you can sell your BTC for cash. Only issue with this is that the fees are crazy high at 10% or so.

I thought almost all bitcoin ATM's are KYC ?

adaseb

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Quote from: betajuice on October 12, 2020, 10:06:17 PM

Is there a convenient way to sell bitcoin into physical cash or fund an anonymous prepaid debit card?
Any other options?

The only method I'm aware of is cash trades in person.

I'm hoping there is some other nifty way.

My goal is to make regular everyday purchases without transactions recorded to my name!
I believe it is a privacy violation.

Thank you.

These days its actually getting harder and harder to do this anonymously, especially if you are talking about amounts in the mid 4 figures and up, mostly thanks to the AML.

There area few prepaid debit and visa cards however they got really small limits, last I heard most of them closed operations. There is localbitcoins but they had to do KYC. Your last option is to find a 2 way bitcoin ATM in your city and see if you can sell your BTC for cash. Only issue with this is that the fees are crazy high at 10% or so.

You can try to find person to person however you need to becareful as you can easily get robbed this way.

mk4

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1. HodlHodl.com
2. Bisq.Network
3. LocalCryptos.com

Try looking for local buyers/sellers in your city so you could transact with physical cash. If there aren't, then go with the bank transfer option.

Some tips:

make sure to do the transactions on well-secured and well-lit areas to prevent robberies and such.
you probably know this already, but when buying bitcoin, make sure the transact has at least 2 confirmations before you finish the deal, as to prevent double-spends.
if you couldn't find decent offers on these sites, you could always create your own buy/sell offer.

betajuice

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Is there a convenient way to sell bitcoin into physical cash or fund an anonymous prepaid debit card?
Any other options?

The only method I'm aware of is cash trades in person.

I'm hoping there is some other nifty way.

My goal is to make regular everyday purchases without transactions recorded to my name!
I believe it is a privacy violation.

Thank you.

Topic: Buy things with Bitcoin without Bank or KYC? (Read 228 times)