How to find security in fiat now without banks and bullshit?

avikz

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Quote from: kubricktrader on May 27, 2017, 12:14:00 AM

So I have a large amount of Bitcoin I want to move to USD or another 'safe' fiat temporarily. Do people recommend the best ways to do this? What are liquid platforms that won't ask for my bank details etc.

If you want to temporarily store your bitcoins in fiat, then use Perfectmoney or Payeer. They won't ask you to furnish KYC at the first place. Just read through their FAQ and you will understand the upper limit. If you have a lot of money, then probably they will ask your KYC. However, if you keep below their limit, they may not ask.

However, I will suggest you to have a mixed bag. Keep some USD in your exchanges and cash out some to online payment wallets. But f you take the bank route, you will have to declare your identity.

Nagadota

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Quote from: kubricktrader on May 27, 2017, 01:59:37 AM

Quote from: davis196 on May 27, 2017, 01:35:45 AM

Quote from: kubricktrader on May 27, 2017, 12:14:00 AM

So I have a large amount of Bitcoin I want to move to USD or another 'safe' fiat temporarily. Do people recommend the best ways to do this? What are liquid platforms that won't ask for my bank details etc.

This question is asked here before and there`s no good answer.
There are no liquid platforms that won`t ask for your bank details.
I wouldn`t sell my bitcoins right now.

I thought Ripple platform had a decent USD dollar liquidity? Would they need a bank account?

I don't want to actually sell and move to a bank I just want to shelter temporarily in some kind of USD token.

Perfect Money is a decent choice. You can deposit in Bitcoin and hold some there for a while.

It might be expensive to convert back again, but someone might do it for only a couple of percent if you're dealing with a lot.

You could also hold in USDT, but recently it's been off the rails in terms of price and is actually worth over a dollar.

Ripple confuses me so I can't tell you much about that.

bitbunnny

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Every legitimate platform exchanger and similar services are nowdays obliged with different rules and laws such antimoney laundering or counter terrorism so they will all ask you for you personal data. That is also one of the reasons why Bitcoin has lost a great deal of the previous anonimity. I'm afraid there is no simple answer to your question.

kubricktrader

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Quote from: davis196 on May 27, 2017, 01:35:45 AM

Quote from: kubricktrader on May 27, 2017, 12:14:00 AM

So I have a large amount of Bitcoin I want to move to USD or another 'safe' fiat temporarily. Do people recommend the best ways to do this? What are liquid platforms that won't ask for my bank details etc.

This question is asked here before and there`s no good answer.
There are no liquid platforms that won`t ask for your bank details.
I wouldn`t sell my bitcoins right now.

I thought Ripple platform had a decent USD dollar liquidity? Would they need a bank account?

I don't want to actually sell and move to a bank I just want to shelter temporarily in some kind of USD token.

davis196

hero member

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Quote from: kubricktrader on May 27, 2017, 12:14:00 AM

So I have a large amount of Bitcoin I want to move to USD or another 'safe' fiat temporarily. Do people recommend the best ways to do this? What are liquid platforms that won't ask for my bank details etc.

This question is asked here before and there`s no good answer.
There are no liquid platforms that won`t ask for your bank details.
I wouldn`t sell my bitcoins right now.

kubricktrader

full member

Activity: 384

Merit: 103

Quote from: Jherek on May 27, 2017, 12:22:02 AM

Quote from: kubricktrader on May 27, 2017, 12:14:00 AM

So I have a large amount of Bitcoin I want to move to USD or another 'safe' fiat temporarily. Do people recommend the best ways to do this? What are liquid platforms that won't ask for my bank details etc.

Mate if you want verifiable liquidity and no identity at the same time... That's just not going to happen.

I suggest you use advcash or perfectmoney to temporarily store your fiat. The spreads are lower compared to other payment processors such as paypal and payza which means that you can buy and sell whenever you want. All fees added up it'll still total a good 6-7% total though. So if you are sure that you want to do this because you believe that bitcoin is going to drop a further more than 6-7% then go ahead. Otherwise there is no point as all your savings will be eaten up by fees and exchange spreads.

Uphold offers accounts that also are of USD value or any other fiat currency actually but the exchange rates are quite high. Also there is a $1000 limit on transactions until you verify yourself so might not be the best option for you.

Just off the top of my head I know of at least one or two platforms that store fiat as part of its decentralised platform, Bitshares for one.

So you're wrong. But I'm asking cause I don't really know which options are out there and which have the best liquidity etc.

If you don't know something don't post. top tip.

Jherek

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Quote from: kubricktrader on May 27, 2017, 12:14:00 AM

So I have a large amount of Bitcoin I want to move to USD or another 'safe' fiat temporarily. Do people recommend the best ways to do this? What are liquid platforms that won't ask for my bank details etc.

Mate if you want verifiable liquidity and no identity at the same time... That's just not going to happen.

I suggest you use advcash or perfectmoney to temporarily store your fiat. The spreads are lower compared to other payment processors such as paypal and payza which means that you can buy and sell whenever you want. All fees added up it'll still total a good 6-7% total though. So if you are sure that you want to do this because you believe that bitcoin is going to drop a further more than 6-7% then go ahead. Otherwise there is no point as all your savings will be eaten up by fees and exchange spreads.

Uphold offers accounts that also are of USD value or any other fiat currency actually but the exchange rates are quite high. Also there is a $1000 limit on transactions until you verify yourself so might not be the best option for you.

kubricktrader

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Activity: 384

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So I have a large amount of Bitcoin I want to move to USD or another 'safe' fiat temporarily. Do people recommend the best ways to do this? What are liquid platforms that won't ask for my bank details etc.

Topic: How to find security in fiat now without banks and bullshit? (Read 568 times)