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Topic: Getting around KYC - page 4. (Read 721 times)

full member
Activity: 952
Merit: 108
1xBit recovered their reputation
May 19, 2023, 05:13:24 AM
#10
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.
Is there any problem if you trade Bitcoin with someone who work at the SEC or FBI? you're not a criminal and you're just trade Bitcoin for cash which mean you used Bitcoin as a commodities, there's no problem at all. Most of countries are allow to buy and sell Bitcoin as a commodities, you will have a problem if you live on a country where Bitcoin is completely banned.

I see you're an overthinking person, face to face to trade Bitcoin for cash isn't really a huge problem like on your thought.

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.
legendary
Activity: 2268
Merit: 18711
May 19, 2023, 04:38:35 AM
#9
Agree with many of the suggestions above. Kycnot.me, Bisq, and AgoraDesk are my go to solutions at the moment.

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.
Absolutely, 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. I've done many cash trades in my life, and I've written before on why I don't think they are high risk and how to keep yourself safe when doing them:

You are really at no more risk than you are most of the time you go out in public. Anyone on the street could be a criminal out to rob you. People carry cash, bank cards, a mobile phone, jewellery, keys for their car, keys for their house (with their address probably visible on some piece of ID in their wallet), tablets, laptops, and all manner of valuable objects. Lots of things which are far more valuable than a few hundred bucks of bitcoin.

Every time you use an ATM, someone could be waiting with a weapon to relieve of your cash. Every time you step out of a store, someone could rob you of whatever you just bought. Every time you park your car, someone could beat you up for your keys and ride off. A face to face bitcoin trade is really no different.

Take standard precautions and you will be quite safe:
  • Choose a highly rated trading partner
  • Don't share unnecessary personal info
  • Obscure your appearance (easily done in this time of face masks for everyone)
  • Arrange your meeting during the day in a busy public location - choose somewhere with CCTV if you want, like a large shopping mall
  • Bring a friend with you
  • Only bring the amount of money (bitcoin or fiat) that you are trading
  • If legal in your jurisdiction, bring some kind of weapon for self defense

There is also a useful guide from Bisq here: https://bisq.wiki/Face-to-face_(payment_method)
hero member
Activity: 952
Merit: 662
May 19, 2023, 12:39:34 AM
#8
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.
Is there any problem if you trade Bitcoin with someone who work at the SEC or FBI? you're not a criminal and you're just trade Bitcoin for cash which mean you used Bitcoin as a commodities, there's no problem at all. Most of countries are allow to buy and sell Bitcoin as a commodities, you will have a problem if you live on a country where Bitcoin is completely banned.

I see you're an overthinking person, face to face to trade Bitcoin for cash isn't really a huge problem like on your thought.
copper member
Activity: 1470
Merit: 1609
Bitcoin Bottom was at $15.4k
May 19, 2023, 12:19:18 AM
#7
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.
legendary
Activity: 1666
Merit: 1037
May 18, 2023, 10:55:42 PM
#6
Perhaps you may want to check this website: https://kycnot.me/

Quote
Cryptocurrencies are meant to make a change on the way we pay and exchange goods. They are made to untie the dependency between the users (customers) and the centralized entities that are in control (law enforced) of our economy (e.g. Banks and Governments).

KYC and AML enforcing exchanges are the most common nowadays, they act exactly like a bank when using their wallets (most newbies or “traders” do so). You (usually) don't own any private key, so the funds aren't yours, they own your keys. More precisely, they make you a promise that you own a part of THEIR holdings. They also require you to identify yourself in order to operate there (e.g. photo of your ID). All of this together goes against the most valuable benefits of cryptocurrencies.

With KYCNOT.ME I want to make it easier for people to find trustworthy ways to buy, exchange, trade and use cryptos without needing to identify themselves, and preserving the decentralized and self-governed essence of Cryptocurrencies.

https://kycnot.me/about#why-this
Best of luck.

+1 for kycnot.me

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.

+1 for AgoraDesk



Where possible, use Decentralized exchanges and Bridges that utilize Bitcoin and EVMs. When not possible, Trocador is a great, insured option for swapping.
Dexes, Bridges and Trocador are your key to be able to use blockchains without having to sacrifice your identity.

From here, you can then go to AgoraDesk or a similar P2P marketplace and transact freely. Do P2P trading for cash, or use anonymous ways of receiving funds. I'd avoid getting funds transferred directly to your bank account because you can never be sure where it has come from.

If you are going anonymous, I would recommend working on your cybersecurity & privacy strategy to ensure that your identity is separate to your on-chain footprint.

Once you master the usage of all of the above, you'll have eluded KYC successfully!
hero member
Activity: 742
Merit: 633
May 18, 2023, 10:21:41 PM
#5
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.
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.

Quote
You can check out . Hodlhodl and Agoradesk I always recommend these two sites because I have used them before.
Even you've used it and have no problem, it doesn't mean there's no problem for other people. You need to check hodlhodl terms of service where they don't accept citizens who live on United States, so the @OP can't use it.

By using Hodlex Ltd Services, you further represent and warrant that:

you are not a citizen or tax resident of the United States of America (except if You are using Lend at Hodl Hodl), North Korea, Iraq, Syria, and/or Sudan;

@OP you can choose Agoradesk because it's offer direct P2P with cash, there's a good DEX named Bisq, but it's not possible to trade direct P2P.
sr. member
Activity: 882
Merit: 215
#SWGT CERTIK Audited
May 18, 2023, 09:44:44 PM
#4
The first thing I want to say is that it is important to be careful in carrying out due diligence especially in choosing a buyer or seller and ensuring the security and integrity of transactions in order to avoid the risk of failure, especially Bitcoin (BTC). In executing we need a safe and convenient exchange platform.

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?
hero member
Activity: 2632
Merit: 833
May 18, 2023, 07:50:49 PM
#3
Perhaps you may want to check this website: https://kycnot.me/

Quote
Cryptocurrencies are meant to make a change on the way we pay and exchange goods. They are made to untie the dependency between the users (customers) and the centralized entities that are in control (law enforced) of our economy (e.g. Banks and Governments).

KYC and AML enforcing exchanges are the most common nowadays, they act exactly like a bank when using their wallets (most newbies or “traders” do so). You (usually) don't own any private key, so the funds aren't yours, they own your keys. More precisely, they make you a promise that you own a part of THEIR holdings. They also require you to identify yourself in order to operate there (e.g. photo of your ID). All of this together goes against the most valuable benefits of cryptocurrencies.

With KYCNOT.ME I want to make it easier for people to find trustworthy ways to buy, exchange, trade and use cryptos without needing to identify themselves, and preserving the decentralized and self-governed essence of Cryptocurrencies.

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.


Or go to this board:  Currency exchange!.

Best of luck.
hero member
Activity: 700
Merit: 673
May 18, 2023, 07:40:58 PM
#2
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.
member
Activity: 96
Merit: 20
May 18, 2023, 06:43:12 PM
#1
 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!!!
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