Getting around KYC - page 3. | Bitcointalksearch.org

Kryptowerk

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Disobey.

@OP: I haven't used that service myself (p2p) but I know people that have done so very successfully. I think it depends on where you live, how big the exchange-amount is, and if you can find a secure location and maybe someone to come along with you.

Quote from: TravelMug on May 18, 2023, 07:50:49 PM

Perhaps you may want to check this website: https://kycnot.me/

Quote

[...]
https://kycnot.me/about#why-this

So you might want to explore that site and hopefully you can find a trusted individual that you can buy crypto.
[...]

Great resource. Glad to see Bisq as #1 in regards of DEX.
Would have been my first recommendation.

AgoraDesk was recommended to me several times, probably worth for you to check it out, too.

avikz

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Localcryptos have also closed down their services. Another two options are Bisq and Binance P2P. I don't think they offer cash transactions though. But please note that these kind of transactions are quite risky.

There is another website called Noones which is a copied version of paxful. It's very new so not recommended either. The only feasible way I found is through Bitrefil. Where I am purchasing Amazon vouchers or redeemable codes from other eCommerce websites. That won't give you cash but at least you can utilise your cryptos.

goldkingcoiner

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A Bitcoiner chooses. A slave obeys.

Quote from: o_e_l_e_o on May 21, 2022, 08:08:10 AM

but I'm also a big fan of cash trades since they leave no paper trail for the government/banks/exchanges to use to spy on you

Me too. But I think one of the upsides is also the fact you can charge 3-5% higher than the market price, just due to the fact that F2F is the preferred fashion of most anonymous method to buy Bitcoin/other cryptocurrency with cold hard cash. Its also a bit cumbersome, scary and awkward. But the extra money you can demand is more than enough of a fee for your troubles.

I think if you live in a first world country then you do not have to worry about being robbed for a small/moderate amount of coin. But one should never let down their guard. Constant vigilance and preparedness is always smart.

One should never be naive when it comes to money/valuables.

Z390

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If you know what's good for you OP, you will never go out and meet stranger for any Bitcoin transactions, do you know why I like Bitcoin more? You can't know how much of Bitcoin I have, unless I tell you myself, so going out to meet someone makes you a target automatically, if those you go out and meet are good people then it's good for you, but if those people are the bad ones you are going to get robbed or even get yourself killed.

Sorry to say, if Mycelium wallet is really doing this they are the poorest crypto business organization that ever existed in this space, I expected them to know much better as a company that's into crypto wallets, they should know how important privacy should be in crypto space.

Dr.Bitcoin_Strange

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You can't trust an absolute stranger to carry out a P2P Bitcoin transaction to the extent that you have to meet them face-to-face. That's because scammers or fraudsters operate in different ways; you don't know how trustworthy the person you are going to meet is; you don't even know if the person is a thief or a rubber who is just using cryptocurrency transactions as bait or a plot to forcefully steal from clients when they come face-to-face to carry out transactions.

The right way to do it is unless you fully know the person and also have the trust in the person; otherwise, carry out your transactions online with the person, which will limit the possibility of the person truly knowing your identity.
In the crypto space, your privacy should be your priority.

The two platforms @Nwada001 recommends are good.

o_e_l_e_o

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Quote from: KiaKia on May 19, 2023, 05:28:20 AM

I have been using Binance Exchange peer-to-peer feature for a very long time now

Binance peer to peer is not peer to peer at all. It is peer to Binance. It is completely centralized, and owned and operated by Binance. As such, you have absolutely zero security since you hand your coins over to Binance like you do with any other centralized exchange, and you have absolutely zero privacy, since Binance track and record every trade and transaction that you make. It is the worst possible choice for peer to peer trading.

Quote from: Rruchi man on May 19, 2023, 06:02:39 AM

If the transaction of bitcoins was mainly physical, we will record a very high number of theft.

What about the literally billions of physical trades which happen every single day around the world without issue? Why is trading bitcoin any more risky than buying some piece of electronics or taking money out of an ATM?

Quote from: Hyphen(-) on May 19, 2023, 06:25:21 AM

It is not a bad idea to meet someone face-to-face for a secure transaction, but how can you establish trust at the first stage?

You don't need to. Use a platform like Bisq which has a built in escrow.

Quote from: Cryptomultiplier on May 19, 2023, 06:56:44 AM

I wonder how it would even look like waiting on someone I know to trade my BTC with. It defeats the idea of what decentralization stands for.

What nonsense is this? Trading peer to peer is the very essence of decentralization and avoiding centralized third parties.

Quote from: Cryptomultiplier on May 19, 2023, 06:56:44 AM

If you OP, are not new to online services and apps, you should know what it feels like or have friends who should have expressed how it feels like having your Facebook or twitter or Instagram or any other social accounts hacked.

What has any of that got to do with trading peer to peer?

Z-tight

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Quote from: KiaKia on May 19, 2023, 05:28:20 AM

I have been using Binance Exchange peer-to-peer feature for a very long time now and there's no need for anyone to know the location for the zip code of seller, all you have to do is provide your bank details where you will receive your payment and Binance will release your crypto asset to the buyer after you have confirmed that you received the fund.

Before using Binance for "fake" p2p, they must have farmed your data and personal information, this data can be requested by the government, Binance can be breached and there will be a data leak, this way you personal data will be selling in the dark web; so Binance is not a better option, centralized exchanges are data farms and isn't recommended for people that want to trade and still have their privacy.

Quote from: YUriy1991 on May 18, 2023, 09:44:44 PM

Usually many platforms require users to do KYC. Why is this important, because this is one of the rules in force, The Government and regulatory agencies have increasingly tightened regulations to combat illegal activity and maintain KYC compliance but if you are looking for a simple and uncomplicated Platform it is also available and you can find it in the link sent by brother @TravelMug. But, My question is if one thing or another happens in the transaction process, are we ready?

In p2p exchanges there is also a method of resolving disputes, everything is open and the parties will be involved in it. E.G in Bisq all the funds in the trade are kept in a 2-of-2 multi-sig wallet controlled by trading peers, and there is also a time-locked transaction set, this will send all the funds to another address that is controlled by Bisq, but this will happen many days after, if disputes isn't still resolved. So it is either trading peers reach a resolution, or the matter moves over to a mediator for settlement, if a middle ground cannot be reached, the arbitrator would have the final say, but that is when the time-locked transaction has been published and the funds is now with Bisq.

Cryptomultiplier

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If there was a way that trust could be earned without having to do a KYC verification on any app, it would be scary, because in this case of decentralization, money is interchanged between people who may never see themselves or have known themselves from Adam.

I wonder how it would even look like waiting on someone I know to trade my BTC with. It defeats the idea of what decentralization stands for.

If you OP, are not new to online services and apps, you should know what it feels like or have friends who should have expressed how it feels like having your Facebook or twitter or Instagram or any other social accounts hacked.
Unless you have ulterior motives with your coins, then seeking physical persons to trade with or trying out other means to bypass KYC is a big NO.

adzino

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Quote from: platinumsteel2016 on May 18, 2023, 06:43:12 PM

A friend was telling me about: "The mycelium app
has a marketplace section where you type your zip code and you can meet up with local buyer/sellers of BTC to
do a cash transaction in person. Back in the day localbitcoins.com was perfect for this, but after the gov't put
pressure on them, they are no longer usable. Another venue you can use to find local cash/buyers and sellers
LocalCryptos.com. This way you avoid leaving a paper trail."

I live in America. Can any of you recommend a site that has this type of function as the ones my friend
described above, and what were your experiences? I do worry about possibly you making a transfer and the
buyer, for example doesn't fulfill their agreement? Its not as if you could reverse the transfer. I realize I may
be a little paranoid, but this process is new to me!

I hope to hear from you reasonably soon!!!

I doubt there would be any service legally providing (the Americans) what you want. Any institution that provides such financia services must collect information from the users or they will be fined and sued. Its becoming more and more strict now. The only way you can do this right now is by looking for someone near you through the internet or forums wanting to buy bitcoin and pay in cash (fishy...). I wouldn't recommend this though. You don't know who you might meet.

Frankolala

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Quote from: ImThour on May 19, 2023, 12:19:18 AM

Not sure why you think going face-to-face to trade Bitcoin for actual cash is safe. I mean they could be someone from SEC or FBI waiting for you to do the P2P trade and boom, you are gone.
Just trade it online and if you are from the US, or UK, you should get a crypto debit card that allows you to do payments with Crypto in your regular/daily life. That's what I use and find logical to do instead of cashing it out.

The only risk that I see there, is if bitcoin is not legalized or is banned in that country. This is when you might get caught of breaking the law when trading with FBI or SEC. Apart from this,I don't think it is a problem. All one needs to do is a play safe by using those ways in which @ o_e_l_e_o said.

Quote from: KiaKia on May 19, 2023, 05:28:20 AM

I have been using Binance Exchange peer-to-peer feature for a very long time now and there's no need for anyone to know the location for the zip code of seller, all you have to do is provide your bank details where you will receive your payment and Binance will release your crypto asset to the buyer after you have confirmed that you received the fund.

I guess OP wants a decentralized exchange where you will remain anonymous for the best privacy. If you use Binance it is a centralized exchange and you are not safe because they gat your information.

Fiatless

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Quote from: Helena Yu on May 18, 2023, 10:21:41 PM

What people are discuss about privacy matter is about submitting KYC on untrustworthy site and they show everyone if they have Bitcoin. Direct P2P with a stranger is safe as long as you meet in a crowd place and trade for little amount. It's more safer if Bitcoin adoption on that's country is already big, so it's already normal if someone have Bitcoin, not like people already think you're rich because you have Bitcoin.

I will not even engage in P2p in any public place. This option will be good for a country that has adequate security. In a country where there is a high rate of criminal activities this option will not be ideal. You can be robbed even in a market and the police will just be watching.

People are not well informed about Bitcoin in my country so each time they hear that you owned Bitcoin they think you own one and above of the currency. They are not aware that the currency can be owned in less than one unit. This means there is a public perception that any Bitcoin holder is a millionaire. The consequence is that you become a target to criminals. I check Agoradesk and I was pleased that they offer deals in my local currency and it is not compulsory to register by email. I might use their service in the future.

Dunamisx

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Quote from: platinumsteel2016 on May 18, 2023, 06:43:12 PM

A friend was telling me about: "The mycelium app
has a marketplace section where you type your zip code and you can meet up with local buyer/sellers of BTC to
do a cash transaction in person.

Isn't this weird enough because mycelium is not an exchange but a wallet, there are many things unfolding about all this decentralized wallet or exchanges this day that need more attention to.

Quote from: platinumsteel2016 on May 18, 2023, 06:43:12 PM

for example doesn't fulfill their agreement? Its not as if you could reverse the transfer. I realize I may
be a little paranoid, but this process is new to me!

Same also is with my ecpe here, I don't think this kind of features and functions is what I've been used to seeing, well as for me, it is better to go for the ones we know to be the real exchanges and engage their services while making use of secured cold storage wallet like electrum is more advisable in times of uncertainties like this, better to play safe.

Hyphen(-)

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Quote from: ?? on ??

I have done in person p2p cash trades but this was in Asia and fairly safe. I would be open to doing it provided the country I was living in was safe and I met with the person in a very public place during the day.

When it comes to Bitcoin transactions and privacy, trust is an issue because your privacy is very important; therefore, going to see someone face-to-face in the name of achieving a secure transaction or avoiding being scammed is not safe, and it also bridges your privacy because that same person can report you to the government in a country where Bitcoin is not legalized, and the government can also groom such teams in order to get all Bitcoin users.

Quote

On my p2p exchange there is the option to do this kind of p2p in person exchange, but there are few people using that mode. Considering that operation chokepoint is real and banks are squeezing on/off ramping potential, its important to have a way of getting in an out of crypto and the only guarantee method that works no matter what is p2p trading weather that's online or in person. A bank can't stop people from meeting up in person/online and exchanging directly with eachother.. When you find someone you trust and have had a few good trades with, then you can continue trading with them. You don't need to find a new partner every time. Meet up and trade $100. If the guy isn't an ax wielding murderer when you trade, then try again next time with $150 and so on. After 10 trades or so, your not going to feel like he's working some elaborate scam on you.
Sign up to my exchange and post an ad for an in cash person meet up and see if anyone messages you.
wild-west.trade.

It is not a bad idea to meet someone face-to-face for a secure transaction, but how can you establish trust at the first stage?

No one can be trusted when it comes to personal security and privacy.

Solosanz

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Quote from: S A KHAIR on May 19, 2023, 05:13:24 AM

The only problem with that in-person transaction is that we won't be able to remain anonymous, but if someone doesn't care about that, in-person trading is perfectly legal in most countries. He's not a big thinker, but I think he's using bitcoin to evade taxes or illegal things, so he's afraid to do it.

How far you're want to become anonymous?

Did you never creating a facebook account using your real name and your real face?
Did you not creating ID card or driving license?
Did you not creating a bank account?
Did you not attend any school?
Did your parent not giving any identity when your mom give birth to you?

Actually in person transaction can be used to evade taxes or illegal things, it's more effective rather than you receive the money in your bank account since the banks will know how much money you get in a month or year.

Rruchi man

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Quote from: platinumsteel2016 on May 18, 2023, 06:43:12 PM

A friend was telling me about: "The mycelium app
has a marketplace section where you type your zip code and you can meet up with local buyer/sellers of BTC to
do a cash transaction in person.

This is both unsafe and can be stressful meeting up with local buyer's and sellers around you for transactions that can easily be carried out safely with the help of third party apps that function like escrow services.

Quote from: platinumsteel2016 on May 18, 2023, 06:43:12 PM

what were your experiences? I do worry about possibly you making a transfer and the
buyer, for example doesn't fulfill their agreement? Its not as if you could reverse the transfer.

It is possible to always meet people that want to defraud you, that is receive your bitcoins without paying you for it when you use some applications, but good applications that offer P2P services always try to ensure that the occurrence of this is reduced. They hold the coins after you have sent it to a buyer, until you receive payment for it and then they release it to the buyer.

Doing a physical buying or selling of bitcoin is not advisable with strangers, that is people you just meet. If you must transact physically, it has to be with someone that you are familiar with and can trust.

If the transaction of bitcoins was mainly physical, we will record a very high number of theft.

Eternad

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Quote from: ImThour on May 19, 2023, 12:19:18 AM

Not sure why you think going face-to-face to trade Bitcoin for actual cash is safe. I mean they could be someone from SEC or FBI waiting for you to do the P2P trade and boom, you are gone.
Just trade it online and if you are from the US, or UK, you should get a crypto debit card that allows you to do payments with Crypto in your regular/daily life. That's what I use and find logical to do instead of cashing it out.

I doubt FBI and SEC will have a resources to hunt down all this kind of small fish trade 1 by 1 unless the OP is a most wanted money launderer. Cheesy

The thought of meeting someone that you didn’t know is already frightful than sending your KYC online. You literally risking your life dealing with someone that will agree on meeting up while he knows that you are loaded with cash when you show up. The meet up place doesn’t matter because he can always track you after the deal in case you made a deal with a psycho which is popular in your country.

DaveF

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Although I have not used the F2F cash option I have used other cash options from https://localcoinswap.com

You do have to give them an email and phone # when you register there are enough ways out there of doing it privately that it really is not that big of a privacy issue.

Don't know where you are in the US but when I used other services for F2F cash I usually met at a casino if possible. Because nobody pays any attention to someone handing someone else cash and it's easy to pick out a few bills and put them into a slot machine or similar to make sure they are real. And there is security.
not know if that is an option for you.

There are a lot of of cameras in casinos so you loose on that side, but these days even if you do it at your local cat cafe https://tuxedocatscoffeellc.us/ there are enough cameras on everything anyway to see who you are.

-Dave

AHOYBRAUSE

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Quote from: Nwada001 on May 18, 2023, 07:40:58 PM

I don't think it's actually safe to go about meeting people one-on-one to complete a peer-to-peer trade, especially when you don't know the person. If there is one thing I have learned and read from @o_e_l_e_o, it is that privacy matters a lot in this crypto community. Going into a trade with someone completely stranger and wanting to meet them physically is, to some point, dangerous because you don't know who the person actually is.

Right now, there are better options than those that your friend might have used in the past, and these are the p2p platforms that regulate and peer you with your local buyer or seller without requesting any form of identity verification, which is what you are afraid of. All you need to do is agree with the seller on how you want to make your payment, and that's all.

You can check out . Hodlhodl and Agoradesk I always recommend these two sites because I have used them before. I believe there are also better ones out there, which other members will recommend for you soon enough.

I have never encountered any form of problem when doing p2p trades. Of course you don't know who the buyer/seller is but you can meet in a safe environment and maybe even go with a friend if you have concerns about the safety. There are easy ways to spot fake money if you are selling and obviously if you have seconds thought about the btc (or other currency) you are receiving there are plenty of mixers such as Yo!mix and sinbad and others out there which are highly trustable to mix your coins.

Of course there is always a little bit of a risk involved, but what's risk free. At some site you can also get scammed by the site or whatever.

KiaKia

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That's a crap platform for buying and selling Bitcoin, the app which is a crypto wallet allow you to meet other people in the zip code your provided just for trading? How come I am the only one thinking how dangerous this is? , it a not even safe because location can one way or other be revealed, since this app is using Zipcode it's a red flag.

I have been using Binance Exchange peer-to-peer feature for a very long time now and there's no need for anyone to know the location for the zip code of seller, all you have to do is provide your bank details where you will receive your payment and Binance will release your crypto asset to the buyer after you have confirmed that you received the fund.

ancafe

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Quote from: platinumsteel2016 on May 18, 2023, 06:43:12 PM

A friend was telling me about: "The mycelium app
has a marketplace section where you type your zip code and you can meet up with local buyer/sellers of BTC to
do a cash transaction in person. Back in the day localbitcoins.com was perfect for this, but after the gov't put
pressure on them, they are no longer usable. Another venue you can use to find local cash/buyers and sellers
LocalCryptos.com. This way you avoid leaving a paper trail."

It is not recommended to buy bitcoin directly with people, anonymous is important when you are trying to trust investment in crypto and especially bitcoin, the worst case that you will experience will actually be fatal when you come face to face to buy bitcoin in large or small quantities and we never know how people -The people around have been monitoring for a long time to commit crimes.

The anonymous nature actually makes it easier for us, there is no KYC and you don't need to leave your house to buy bitcoins, you can use the buying platform and transfer the bitcoins to a secure wallet that you have. If there is something easier why look for something difficult.

Quote from: platinumsteel2016 on May 18, 2023, 06:43:12 PM

I live in America. Can any of you recommend a site that has this type of function as the ones my friend
described above, and what were your experiences? I do worry about possibly you making a transfer and the
buyer, for example doesn't fulfill their agreement? Its not as if you could reverse the transfer. I realize I may
be a little paranoid, but this process is new to me!

I hope to hear from you reasonably soon!!!

I think what you are looking for is security not a matter of using a site that has the functionality you want, P2P and platforms that don't require KYC are enough for you to use. When you want to keep your bitcoins safer, then transfer them to the recommended wallet on the forum, so there is nothing to worry about anymore because there are many solutions that we can find.

Topic: Getting around KYC - page 3. (Read 721 times)