How To transfer from PayPal to Crypto Without KYC

jossiel

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Quote from: ray_d on July 17, 2023, 01:40:56 PM

thank you , but as i wrote he told me if he want to buy crypto directly from PayPal then he must complete his TAX and he told me he do not want to complete his tax from papal for now

If he's from the US then there's really few options but to comply on what's being asked by PayPal. Because he might even have problem moving his funds there to another one.

I think one is to have that money from his PayPal moved to his bank account and withdraw that from there and look for an OTC market and have that funds deposited on your wallet.

Another option is after withdrawing money from his PayPal -> bank account is to look for people that's willing to do a P2P deal.

Hamza2424

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Hi buddy, You seem like a newborn in the market as a bro you can go for the P2P transaction which is the most preferred way of trade in the crypto market for the privacy aspect. If you want to ensure the fund's security and feel safer with the centralized platform than bro there are some top-tier exchanges offering the Paypal transaction to buy crypto but few of them may offer without KYC trade, still, I would like to prefer the P2P trade.

P2P = Local coin swap.
Centralized= Bitflyer, CEX.IO

For the tax, I am not sure what are you talking about.

Potato Chips

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Quote from: ray_d on July 17, 2023, 01:40:56 PM

thank you , but as i wrote he told me if he want to buy crypto directly from PayPal then he must complete his TAX and he told me he do not want to complete his tax from papal for now

Note that moving on another exchange does not make their tax responsibilities go away.

However, as mentioned, buying bitcoin with fiat should be tax free in the US. Furthermore, let's say the friend has sucessfully bought the BTC's, for what purpose are they giving it to you? if it's a gift, it should also be tax-free. If they're exchanging something like an item for the BTC's, that could be a taxable situation.

savetheFORUM

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Quote from: crwth on July 18, 2023, 09:45:32 AM

I don't think you can. No matter what happens, if you use PayPal, there's already a KYC part, IIRC. So maybe he needs to find P2P that could convert his money into crypto, specifically BTC, then transfer it to you. Knowing that he is from the USA, that will even be more strict AFAIK.

He already used PayPal and in order to open an account on it, an ID and selfie or KYC in short might be required, so he shouldn't be scared anymore to do another KYC if in case it will be asked again. But I see that the reason why they don't want it is because they want to avoid being taxed. It's not a good idea to evade it. It's illegal. So it's better to just comply with the law.

Your suggestion there is still great if in case he want to continue. There might be P2P sites who accept this kind of deal and then there is also a section in our forum for these matters. The OP can hire an escrow if he ain't dealing with the respected members of the forum.

tranthidung

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Quote from: Lucius on July 18, 2023, 09:11:39 AM

Since the largest number of BTC ATMs are located in the US, your friend should withdraw funds into his bank account, then withdraw cash and find an ATM where to buy BTC without KYC. If you send him your BTC address (in the form of a QR code) then the purchased BTC will come directly to your address.

https://coinatmradar.com/country/226/bitcoin-atm-united-states/

I understand the story like OP and his friend want to make a trade. OP has bitcoin and his friend has $ and they find a platform to do that trade, assume I did not misunderstand the story.

Buying and selling bitcoin through Bitcoin ATMs will cost very expensive fee like 15%. If they can have other choice to complete the deal, Bitcoin ATM would not be in the list.

crwth

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I don't think you can. No matter what happens, if you use PayPal, there's already a KYC part, IIRC. So maybe he needs to find P2P that could convert his money into crypto, specifically BTC, then transfer it to you. Knowing that he is from the USA, that will even be more strict AFAIK.

rat03gopoh

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Quote from: ray_d on July 17, 2023, 01:40:56 PM

thank you , but as i wrote he told me if he want to buy crypto directly from PayPal then he must complete his TAX and he told me he do not want to complete his tax from papal for now

What tax are you referring to? I don't know if this article^[1] is no longer relevant to the new regulation, it just explains that buying crypto and paypal is tax-free. Crypto transfers are also free, except transferring bitcoins to a different external wallet counts as spending crypto.

1. https://koinly.io/blog/paypal-crypto-taxes

Lucius

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Quote from: ray_d on July 17, 2023, 01:09:22 PM

My friend is on usa and he want to send me $2000 but he have only PayPal and i have Cryptocurrency like bitcoin
He want to know is there anyway to send $ for me But Without KYC ?

Since the largest number of BTC ATMs are located in the US, your friend should withdraw funds into his bank account, then withdraw cash and find an ATM where to buy BTC without KYC. If you send him your BTC address (in the form of a QR code) then the purchased BTC will come directly to your address.

https://coinatmradar.com/country/226/bitcoin-atm-united-states/

SmartGold01

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At first for your friend to smoothly use that PayPal to buy bitcoin he or she needs to verify the account before he would be allowed to buy bitcoin through PayPal, then for you as the receiver you don't need a kyc for your wallet all less he is sending your bitcoin into exchange account which you need to be kyc verified before withdrawing your funds.

From my observation why did you make this thread a self moderated topic, is there anything you wanna do that led to the self moderated topic?
Because from what I sense asking such questions doesn't really required you to have a self moderated topic.

ololajulo

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Quote from: Compromise me on July 17, 2023, 02:56:35 PM

Yes it necessary to do kyc on Paypal .I have been using PayPal for log time and I am wondering which countries required kyc.if you want to transfer fund from Paypal to crypto currency you need to follow the legal and regulatory rules of the platform you join.some popular crypto currency exchange and wallet have implament kyc procedure to comply with application laws and regulations .I advise you watch a video about PayPal on YouTube before doing anything.

There is a little bit of confusion in your response. If you're wondering which country requests KYC for PayPal and you also said PayPal demands it, try to be more clear next time.

Compromise me

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Yes it necessary to do kyc on Paypal .I have been using PayPal for log time and I am wondering which countries required kyc.if you want to transfer fund from Paypal to crypto currency you need to follow the legal and regulatory rules of the platform you join.some popular crypto currency exchange and wallet have implament kyc procedure to comply with application laws and regulations .I advise you watch a video about PayPal on YouTube before doing anything.

ray_d

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Quote from: BD Crypto on July 17, 2023, 01:34:18 PM

Quote from: ray_d on July 17, 2023, 01:09:22 PM

He want to know is there anyway to send $ for me But Without KYC ?

If he is using PayPal he obviously verified KYC for PayPal. Now he can easily buy Cryptocurrencies using their PayPal balance, Paypal linked Debit card or Bank account from Paypal dashboard. He has to click on Crypto Promotional Tile then choose what he want to buy and proceed with instructions. Then he can easily withdraw to your exchange.

To know more details about buying instructions for both Website and App should check this article from Paypal:

https://www.paypal.com/us/cshelp/article/how-do-i-get-started-with-cryptocurrency-with-paypal-help567

Some most common questions and answers related to buy Cryptocurrencies through PayPal are here: https://www.paypal.com/us/cshelp/article/cryptocurrency-on-paypal-purchase-questions-help576

thank you , but as i wrote he told me if he want to buy crypto directly from PayPal then he must complete his TAX and he told me he do not want to complete his tax from papal for now

BD Crypto

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Quote from: ray_d on July 17, 2023, 01:09:22 PM

He want to know is there anyway to send $ for me But Without KYC ?

If he is using PayPal he obviously verified KYC for PayPal. Now he can easily buy Cryptocurrencies using their PayPal balance, Paypal linked Debit card or Bank account from Paypal dashboard. He has to click on Crypto Promotional Tile then choose what he want to buy and proceed with instructions. Then he can easily withdraw to your exchange.

To know more details about buying instructions for both Website and App should check this article from Paypal:
https://www.paypal.com/us/cshelp/article/how-do-i-get-started-with-cryptocurrency-with-paypal-help567

Some most common questions and answers related to buy Cryptocurrencies through PayPal are here: https://www.paypal.com/us/cshelp/article/cryptocurrency-on-paypal-purchase-questions-help576

To know more about crypto transfer from Paypal, follow the reply from OmegaStarScream

ray_d

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Thank you for your all message

but the problem is he told me if he want to Buy Bitcoin from PayPal directly then he Must to Complete his TAX from paypal and he told me do not want to do this for now

So he is Looking for another Safe why , and i need your Guide Please

OmegaStarScream

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As mentioned above, your friend should be able to do that directly from PayPal. This article might help[1]

If that's not an option, you can check AgoraDesk[2]. I can see that there are a few PayPal offers.

Or, you also have the currency exchange board[3] but it's probably going to be difficult for you to find someone, PayPal is reversible and you're new to the forum, so not so many people are going to be interested in dealing with you.

[1] https://www.paypal.com/us/cshelp/article/how-do-i-transfer-my-crypto-help822
[2] https://agoradesk.com/buy-bitcoin-using-paypal-with-usd
[3] https://bitcointalk.org/index.php?board=53.0

Upgrade00

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Your friend can simply buy Bitcoin on PayPal and send that to your non custodian wallet.

You do not have to complete KYC to be able to create a wallet to receive bitcoins and yoh friend already has an account on PayPal.

ray_d

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Hello
need your guide
Please sorry if its wrong place
My friend is on usa and he want to send me $2000 but he have only PayPal and i have Cryptocurrency like bitcoin
He want to know is there anyway to send $ for me But Without KYC ?
Please if there is any Safe and easy application or website for this then Please tell me
Thank you

Topic: How To transfer from PayPal to Crypto Without KYC (Read 171 times)