Topic: How do you without id/passport verification convert crypto to fiat? - page 2. (Read 600 times)
January 25, 2018, 10:50:52 PM
Try local BITCOIN or something like that to find a local seller for BITCOIN or any other cryptocurrency (and then convert that alt coin into BITCOIN)
January 25, 2018, 12:39:33 PM
I'm not comfortable sending copies of my passport/id to exchanges, but I would be comfortable just giving my name, address, etc like I do when creating a stocks trading account.
You send them your social security number when signing up for a stock trading account as it is required by law from the SEC. Giving someone your social is much more serious than these big exchanges asking for an ID or Passport.
January 25, 2018, 12:10:11 PM
Other than localbitcoin, you can post to buy and sell in the marketplace section of bitcointalk. Most importantly, remember to use escrow to safeguard the trade.
January 25, 2018, 11:37:55 AM
Since I started with crypto I've been looking for a way to convert crypto to fiat in a anonymous or semi-anonymous way but have found about nothing.
I'm not comfortable sending copies of my passport/id to exchanges, but I would be comfortable just giving my name, address, etc like I do when creating a stocks trading account. The only prepaid card I found for the time being is advcash, but they have a limit of 250usd and then you have to verify yourself, besides that I've found no good solution. How do you do? Do you all really send copies of your passport/id to exchanges? wouldn't that go against the spirit of cryptos?
I'm not comfortable sending copies of my passport/id to exchanges, but I would be comfortable just giving my name, address, etc like I do when creating a stocks trading account. The only prepaid card I found for the time being is advcash, but they have a limit of 250usd and then you have to verify yourself, besides that I've found no good solution. How do you do? Do you all really send copies of your passport/id to exchanges? wouldn't that go against the spirit of cryptos?
What I have been forced to do in order to keep my anonymity, is to find people who want to purchase computer parts. I take their cash off them, and order their parts with crypto. What's best about this method is anybody trying to find who owns my wallet, will find countless customers of mine, but never myself...
There is always another choice, the problem is identifying the extra choices you have not been informed of...
I will never get an ID...
Bitcoin can and will die if this ID stupidity is not reversed and fast...
This is also a particularly effective method, I admit. In some aspects similar to what I have been advocating myself, but much more ingenious.
Please tell me isn't there risk that those final customers of yours can identify you when authorities are determined enough and persistent enough to ID you and locate you?
That is a very good question, for myself, I am not concerned because everybody knows me as Tricky. It is a possibility though, so maybe I should employ a middleman to collect the cash for me. Somebody who will serve up some random smack addict if any problems were to arise lol.
Anything they can do, we can swerve, you just have to get creative. My mentality is there is such a thing as too much evidence, if I give them 100 targets, the amount of paperwork that will generate will lead to them ignoring any potential case that could arise, which I couldn't imagine ever being reality because I don't actually do anything wrong, if tax dodging was wrong branson would be in jail kinda reasoning.
What I am seeing is a contrived effort to gain contractual acceptance of guberment standing through the registration for guberment issued ID. They are playing dirty trying to force everybody to recognise them and their silly regulations and legislations. For me that is never going to happen, I would sooner check into a nut house and make myself the problem of the tax payer before ever accepting guberment / taxation are justified.
January 25, 2018, 10:21:54 AM
You can easily convert btc without verification but you will have limits or the way you receive money will require verification like paypal, neteller or etc but with low money that's ok. What about bitcoin ATM's?
Also you can trade with people here. Use paxful - they don't require verification.
But I think the best way could be localbitcoins or any other small exchangers.
I've never used a bitcoin ATM, but have heard/read that anyone buying from bitcoin ATM must provide ID.Also you can trade with people here. Use paxful - they don't require verification.
But I think the best way could be localbitcoins or any other small exchangers.
January 25, 2018, 09:23:56 AM
You can easily convert btc without verification but you will have limits or the way you receive money will require verification like paypal, neteller or etc but with low money that's ok. What about bitcoin ATM's?
Also you can trade with people here. Use paxful - they don't require verification.
But I think the best way could be localbitcoins or any other small exchangers.
I've never used a bitcoin ATM, but have heard/read that anyone buying from bitcoin ATM must provide ID.Also you can trade with people here. Use paxful - they don't require verification.
But I think the best way could be localbitcoins or any other small exchangers.
....
Decentralized exchanges are also an option, but I don't know which ones are the best to use.
....
But don't most decentralized exchanges deal only in crypto/tokens? i know waves dex deals in fiat, but in order to deposit/withdraw via fiat gateway one should give their IDs.Decentralized exchanges are also an option, but I don't know which ones are the best to use.
....
Edit.
January 25, 2018, 09:20:31 AM
This is hard. Every wallet requires identification for you to be cleared for a conversion to fiat. But I thought of one method but it will involve a third party buyer. You will sell your crypto to interested party then they will send you fiat. This is the only way i could think of to convert crypto without identification or as anonymous.
January 25, 2018, 09:14:54 AM
Hi,
You can exchange money with individuals. There are trustworthy platforms that don't require anything else than a "link" to your wallet.
It is not so convenient and, I guess that if you want to change huge amounts, you will be facing the same kinds of issues that you are already confronted to. That's something!
You can exchange money with individuals. There are trustworthy platforms that don't require anything else than a "link" to your wallet.
It is not so convenient and, I guess that if you want to change huge amounts, you will be facing the same kinds of issues that you are already confronted to. That's something!
January 25, 2018, 09:05:35 AM
(...) You can use Localbitcoins (if you are comfortable with deposit fees) to find such cash traders in your area.
In my area, I can find some Local Bitcoins traders (trustworthy=with good reviews) who (when you click on their profile in LB) reveal some direct contact information. You could get in contact with them skipping any registering and deposit fees. January 25, 2018, 08:44:25 AM
Well, if you want to convert your crypto to fiat without providing your identity then it's completely fine as far as you don't have any immoral intentions. You can easily convert it through cash transactions, find any trader who is willing to pay cash in exchange of your cryptocurrency and trade with him. You can use Localbitcoins (if you are comfortable with deposit fees) to find such cash traders in your area.
January 25, 2018, 08:42:09 AM
Since I started with crypto I've been looking for a way to convert crypto to fiat in a anonymous or semi-anonymous way but have found about nothing.
I'm not comfortable sending copies of my passport/id to exchanges, but I would be comfortable just giving my name, address, etc like I do when creating a stocks trading account. The only prepaid card I found for the time being is advcash, but they have a limit of 250usd and then you have to verify yourself, besides that I've found no good solution. How do you do? Do you all really send copies of your passport/id to exchanges? wouldn't that go against the spirit of cryptos?
I'm like you sir, up until now I wasn't able to verify and confirm my online wallet because I still don't have the requirements to be submitted to them. Though these wallets are controlled by the government they are still safe. You better read their terms and condition, there written all you rights and their policies. Their goal is to keep your information for verification, they don't have the right to forward your information to someone else. If that's likely to happen, you can file a case against the developers. For what I do now, I ask some of my friend to withdraw my cash through their accounts. I'm not comfortable sending copies of my passport/id to exchanges, but I would be comfortable just giving my name, address, etc like I do when creating a stocks trading account. The only prepaid card I found for the time being is advcash, but they have a limit of 250usd and then you have to verify yourself, besides that I've found no good solution. How do you do? Do you all really send copies of your passport/id to exchanges? wouldn't that go against the spirit of cryptos?
January 25, 2018, 08:40:52 AM
Since I started with crypto I've been looking for a way to convert crypto to fiat in a anonymous or semi-anonymous way but have found about nothing.
I'm not comfortable sending copies of my passport/id to exchanges, but I would be comfortable just giving my name, address, etc like I do when creating a stocks trading account. The only prepaid card I found for the time being is advcash, but they have a limit of 250usd and then you have to verify yourself, besides that I've found no good solution. How do you do? Do you all really send copies of your passport/id to exchanges? wouldn't that go against the spirit of cryptos?
I'm not comfortable sending copies of my passport/id to exchanges, but I would be comfortable just giving my name, address, etc like I do when creating a stocks trading account. The only prepaid card I found for the time being is advcash, but they have a limit of 250usd and then you have to verify yourself, besides that I've found no good solution. How do you do? Do you all really send copies of your passport/id to exchanges? wouldn't that go against the spirit of cryptos?
What I have been forced to do in order to keep my anonymity, is to find people who want to purchase computer parts. I take their cash off them, and order their parts with crypto. What's best about this method is anybody trying to find who owns my wallet, will find countless customers of mine, but never myself...
There is always another choice, the problem is identifying the extra choices you have not been informed of...
I will never get an ID...
Bitcoin can and will die if this ID stupidity is not reversed and fast...
This is also a particularly effective method, I admit. In some aspects similar to what I have been advocating myself, but much more ingenious.
Please tell me isn't there risk that those final customers of yours can identify you when authorities are determined enough and persistent enough to ID you and locate you?
January 25, 2018, 08:38:45 AM
90% of exchangers that exchanges cyptocurrency to fiat always need you to uplaod your means of identification for verification especially if you are exchanging a large amount of money. I do not see anything wrong with being identify by the exchangers. It is for your own good.
January 25, 2018, 08:35:48 AM
It is hard, government can't really control the blockchain but they can control converting into fiat because you would need to enter financial market (use a bank) for that. Unless you do OTC which are risky.
January 25, 2018, 08:29:20 AM
well if you read my post carefully you could see I suggest you can sell your gold to FIAT
anyway, in some countries this method, while more troublesome, I agree, allows you legally not to pay capital gain taxes, because buying physical goin is tax free and selling you gold to fiat involves no capital gain tax (in some countries)
anyway, in some countries this method, while more troublesome, I agree, allows you legally not to pay capital gain taxes, because buying physical goin is tax free and selling you gold to fiat involves no capital gain tax (in some countries)
Do you have any source for this information? As i understand it, selling crypto to gold is considered a taxable event and CGT would become liable. Its possible that if you do this outside your home country then import the gold, it may be a legal avoidance method.
well it depends what your home country is. I was specifically thinking about Europe. If you live in Europe there is no need to buy it outside and import.
Buying gold in Europe is not a taxable event even if you do it with crypto. Gold is VAT free so you don't pay it. Then, selling gold (in some countries 6 months are required to pass from the purchase) is also exempt from capital gain tax, even if you sell it higher than you bought it.
What I am presenting in my post is a whole picture based on multiple news sources, some not in English. I can't list the sources though. But it shouldn't be hard to google the particular news pieces.
OK you probably refer to the law in US. I think I have read in some threads in this forum that they consider even crypto2crypto exchange a taxable event. Well, in this case you are probably right and my scheme is not something that would work for you.
On the other hand, traveling to and fro some other country, doing some smallish exchanges just to stay under radar probably will involve similar money in overhead costs and much more trouble involved than just paying legal tax. Not to speak of the risk to be detected
Other than that, I can't help you in regard with US law. I am not a citizen.
January 25, 2018, 08:00:44 AM
well if you read my post carefully you could see I suggest you can sell your gold to FIAT
anyway, in some countries this method, while more troublesome, I agree, allows you legally not to pay capital gain taxes, because buying physical goin is tax free and selling you gold to fiat involves no capital gain tax (in some countries)
anyway, in some countries this method, while more troublesome, I agree, allows you legally not to pay capital gain taxes, because buying physical goin is tax free and selling you gold to fiat involves no capital gain tax (in some countries)
Do you have any source for this information? As i understand it, selling crypto to gold is considered a taxable event and CGT would become liable. Its possible that if you do this outside your home country then import the gold, it may be a legal avoidance method.
well it depends what your home country is. I was specifically thinking about Europe. If you live in Europe there is no need to buy it outside and import.
Buying gold in Europe is not a taxable event even if you do it with crypto. Gold is VAT free so you don't pay it. Then, selling gold (in some countries 6 months are required to pass from the purchase) is also exempt from capital gain tax, even if you sell it higher than you bought it.
What I am presenting in my post is a whole picture based on multiple news sources, some not in English. I can't list the sources though. But it shouldn't be hard to google the particular news pieces.
January 25, 2018, 07:23:11 AM
well if you read my post carefully you could see I suggest you can sell your gold to FIAT
anyway, in some countries this method, while more troublesome, I agree, allows you legally not to pay capital gain taxes, because buying physical goin is tax free and selling you gold to fiat involves no capital gain tax (in some countries)
anyway, in some countries this method, while more troublesome, I agree, allows you legally not to pay capital gain taxes, because buying physical goin is tax free and selling you gold to fiat involves no capital gain tax (in some countries)
Do you have any source for this information? As i understand it, selling crypto to gold is considered a taxable event and CGT would become liable. Its possible that if you do this outside your home country then import the gold, it may be a legal avoidance method.
well it depends what your home country is. I was specifically thinking about Europe. If you live in Europe there is no need to buy it outside and import.
Buying gold in Europe is not a taxable event even if you do it with crypto. Gold is VAT free so you don't pay it. Then, selling gold (in some countries 6 months are required to pass from the purchase) is also exempt from capital gain tax, even if you sell it higher than you bought it.
What I am presenting in my post is a whole picture based on multiple news sources, some not in English. I can't list the sources though. But it shouldn't be hard to google the particular news pieces.
January 25, 2018, 07:07:11 AM
The only way I know about is localbitcoins. Can you recommend another safe p2p platform for trading? And what's the benefit of using paypal?
No, localbitcoins traders also asking for the ID proofs while initiating the trades if you can't provide the necessary ID the they will cancel their trades but there is no official statement on localbitcoins.com website but everyone asking to verify the ID.But I heard that poloniex trading don't need any ID verification upto certain limit($2000 per day).So you van checkout their official website for more information.
Not all traders on LocalBitcoins require you to give them proof of ID before you can sell your Bitcoins for fiat, at least not with the sellers I'm using.
Decentralized exchanges are also an option, but I don't know which ones are the best to use.
I think it's pretty ridiculous that exchanges require verification for small withdraws to fiat and I'm especially worried about the safety of those documents.
I don't want a copy of my ID floating around on the internet so it could be used for identity theft.
January 25, 2018, 06:52:17 AM
The only way I know about is localbitcoins. Can you recommend another safe p2p platform for trading? And what's the benefit of using paypal?
No, localbitcoins traders also asking for the ID proofs while initiating the trades if you can't provide the necessary ID the they will cancel their trades but there is no official statement on localbitcoins.com website but everyone asking to verify the ID.But I heard that poloniex trading don't need any ID verification upto certain limit($2000 per day).So you van checkout their official website for more information.
January 25, 2018, 06:50:55 AM
Well, you have to admit, while transferring of cryptos are anonymous and goes by the spirit of crypto, you are exchanging to fiat money. Which is governed by your respective country. So basically you will have to abide by their laws if you're moving out of crypto sphere to real world. They have to get your information before transacting with larger amounts to avoid illegal activities.
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