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Topic: How to cash out btc from online work without kyc crap and fees as good as... - page 2. (Read 397 times)

newbie
Activity: 19
Merit: 6
Is charging back not the big problem with PP? or is it a case of putting faith in trusted members on here that they would not do a CB? I deal with chargebacks already with my work it sucks! but still people said earlier 3-5% is expected fee with forum trades? Makes it not worth it for me.
legendary
Activity: 1554
Merit: 2037
In that case you might do well in the Currency exchange section as mentioned. There are a few long time traders there that deal in Euros for PP, the only reason I don't trade with one anymore is the fees transferring to CAD became to high. Here is a link to someone I've dealt with previously and have been a consistent buyer for years, so they may be a steady trading partner for you depending on your volume. I always suggest performing your own due diligence. There are others I've just never dealt with them.
[HAVE] $570 and 180 EUR Paypal [WANT] BTC ETH (1:1 green trusted Legendary user)

Edit: Yes with bisq take it slow, I've heard good things but that was after taking time to build up trades and paying attention - should always be done. I've just never gotten around to testing it myself.
newbie
Activity: 19
Merit: 6
Thanks for other suggestions.

I really do love the idea of bisq. I have heard mixed reviews on it.

I also like the idea of gift cards and such since they do not run the risk of drying up like other payment methods changing their rules etc (though it could be possible if cards found abuse I think it is less likely than other ways I dunno). Purse is interesting and in UK I remember when I needed to buy there was hardly selling and only for huge fees so I think that could be another option as people are very eager to buy I bet but that was a big hit for taking money out; maybe with a decent discount it could offset the withdrawal fee.

Bisq I love the decentralized idea the most really whether it 'works' I would have to look deeper.

Are giftcards/visas generally safe against scamming? With both those you still need to do another step to cashout. I can see those are fine for everyday stuff like food (with visa) but what about rent? which will be the majority of my expenditure month to month.

I am in UK.

Anyway it is good I have a lot of knowledgeable people commenting.

I like the idea of cash in the post which used to be a thing on localbitcoins when I used to buy in the past (seemed a good deal for both parties in terms of low fees for the buyer and relative safety for the seller) but I wouldn't want to have randoms from all walks of life sending to my home address so maybe hire a PO for that but then they might call authorities if they found out money was coming to it from AML etc?
legendary
Activity: 1554
Merit: 2037
What country are you in? That does make a difference on what services are available to you, as well as if you should take any other precautions in setting up trades. Atm's will likely take a larger cut than you are comfortable, I've heard good things about bisq once you've been there a while you tend to build up a good group of traders. I've used the Currency Exchange section mentioned on the forum to build up a mini network of people I am comfortable trading with in my country. I am also lucky at the moment as we have a buy/sell service provider that doesn't require KYC for under 1000 CAD - I love it they are great when I need to move some right then and there pays out in a day or so usually direct to bank or utility bill if I want  Wink
legendary
Activity: 2268
Merit: 18711
There are plenty of options for trading peer to peer. As OmegaStarScream has mentioned, there is the Currency Exchange board on this forum you can use to trade directly with other members (pay attention to their trust ratings and use an escrow if in doubt). Decentralized exchanges are another option, such as BISQ or Hodl Hodl. Ideally you can use one of these platforms to find a regular buyer in your country who will buy your bitcoin repeatedly from you in cash, bank transfer, or similar. Local bitcoin meetups are also a good place to find regular buyers. See if there is a low fees bitcoin ATM near your location which doesn't require KYC.

Alternatively, rather than trade it for cash, you can use a site like Bitrefill or Coinsbee to trade it for gift cards for your regular stores or prepaid Visa/MasterCards which you can use in lieu of cash.
newbie
Activity: 19
Merit: 6
No I can't choose to be paid like you say. I work with cpa companies and they aren't flexible like that. You have to choose options from their webpanel only.

Thanks for the suggestion though. Hmm 2-5% for trade on forums, not appealing either Smiley.
legendary
Activity: 1512
Merit: 1218
Change is in your hands
Quote
Oh yes of course there is the swallowing the centralization pill and just verifying ID at one of the big exchanges but that kind of defeats the purpose doesn't it?

You have to swallow either one of the pills. You decide which one it will be. @OmegaStarScream has given you the best alternative I can think of. Run your own Server. There are 1 click deployment[1] solutions out there, so you don't even need to know the technical side of things and exchange your BTCs on this subboard... The downside is you will end up paying 2%-5% while exchanging with users here. Also, there are many trusted escrows around here you can involve them while doing your exchanges which again will add up in your exchange cost. The ball is in your court, decide what it will be. Good luck!


Source:
[1] https://www.youtube.com/watch?v=oce_fvRdLLY
staff
Activity: 3500
Merit: 6152
Centralized payment processors like BitPay would've worked but since you're dealing with the adult/porn industry, that won't help as its against their TOS.

1. Use BTCPayServer to accept payments. (third party hosting if you don't have any technical knowledge).
2. If you are from Europe, sell your BTC using SEPA at Bitonic (no KYC required). If from elsewhere, then I would suggest using PayPal or Skrill and trade on the forums. There are many long-term suppliers that you will have nothing but smooth transactions with them.


newbie
Activity: 19
Merit: 6
...transferwise (like 0.5% to get into hard cash)?

I work online with online based adult businesses and these fuckers (payers) are constantly discontinuing payment services. No sooner will I have gone thru the hoops of verifying with a certain payment processor ie paxum or epayment than next month the company who pays me will discontinue that processor with no reason or warning and I have to hunt for another solution.

Btc however seems to be on the way to becoming more standardized in this field which is good but getting it to the normal everyday currency is the hurdle so I am wondering how I could use btc to get paid while still getting it out to local currency with the nice fees like you get with transferwise of 0.5% range. I know you can sell it for even a nice profit but that seems a whole other ballgame and opening yourself up to scammers and all kind of shit. Also when you need to pay for food and rent constantly you don't want to have to be waiting on a buyer and then as above you could risk missing payments if some hijinx of scamming occurred one month unless you had a buffer (I don't earn enough to have a buffer so need access to it post haste, like within days or a week or so really).

So any ideas? I would really like to go this route but didn't find a viable way yet.

Oh yes of course there is the swallowing the centralization pill and just verifying ID at one of the big exchanges but that kind of defeats the purpose doesn't it? I mean maybe it is a lesser evil to do that for my specific use case above to avoid constantly playing catch up with the other payment processors going down as the btc payment option seems to stay constant but long term I am wondering are there better ways with no middle man whilst not having the risk of scammers from selling and also very low fees on par with transferwise. Even with exchanges though I knew a guy who did some trading and he still ended up with about 2-3% fees so that is worse than transferwise by a good deal.
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