Topic: Is it possible Cash out Crypto without KYC? (Read 181 times)

This is true, it is not easy to find a guaranteed brokerage channel. In the beginning, you must try many channels and perhaps be deceived until you find a reliable channel. I have been transferring through them for about four years and no incident has occurred, which is a very good thing.

But in the end, all of these services are not 100% guaranteed because at any moment they could escape with the guarantee money, as you mentioned, and you will not even be able to file a complaint because all of these methods are illegal in the country.

Good for you to find a decent mediator channel to do P2P escrow. It’s very hard to find a solid one that run for long time without any issue because most of this service usually run whenever they deal a huge amount then just restart with different name.

We have this kind of facebook group before which admins act as escrow but later on the group becomes in chaos when the admin run with escrowed money even though his identity is exposed. This is how blatant scammer in my country so I really don’t trust P2P on decentralized way. Even P2P on Binance which user is verified still trying to scam users with fake screenshots, I really doubt that decentralized P2P will really work well in my country. 

It should also be taken into account that this exchange (crypto/fiat) is possible only in certain cities (big) and will require a physical trip. As far as I remember, there was also something about courier delivery (for an additional fee) for exchange crypto/fiat outside the proposed cities. In any case, it is better to check the details on that exchangers aggregator.

Unfortunately this is true, the main problem with P2P is trust. If there is no trust or ESCROW then all your money will be wasted and you will not be able to do anything.

For me, here in my country, we use a reliable Telegram channel for mediation, where the broker  receives the transaction in his wallet and then sends it to the buyer after making sure that he has transferred the amount of money correctly to the seller.

This is the only method that works here and you need to trust the broker in the first place because he is the one who provides the guarantee.

What I know is that banks with millions of customers would be treating cases daily and the cases of the reversal can't be out of it and I know they can't be so careless at the same time judging by what is happening these days. If we take it backwards a bit, the reversal of transactions gained so much relevance when the fintech and these online financial services and payment gateways were newly started. But at a point, they suddenly started irreversible transactions, I believe they must have noticed the evil in it.

The same thing is applicable to the banks as well, they would have been privy to some cases where the claims of the customer were not true but were for fraudulent reasons. For this, I so much believe that it is lame for any bank to even dare that reversal without a thorough investigation of what transpired between the two parties. And until the other party gives a go-ahead for the reversal, they should not, otherwise, such banks could be sued if the money is huge and it becomes more problem for them. This is why these days, they thread carefully to avoid favouring a perpetrator. In addition, it is good to know the kind of financial institution we are dealing with.

Peach, HodlHodl, AgoraDesk, LocalCoinSwap, Bisq, etc are all rubbish from my experience.

The problem is, 90% of people there are scammers, and the other 10% either have very high fees, need KYC, or they dont have volume($290, $400, etc)

What I can recommend, you be patient and find a buyer using forums such as this, with ESCROW! service. You need ESCROW!

I need £500 - £20k, can do Bank Transfer, or withdraw cash and face to face, but only for smaller amounts(multiple transaction)

p2p in the no KYC dex is still unsafe. though i have not yet tried it before i'm concerned about the bank learning that the money comes from another country.

you can try just trading with someone in the forum especially here https://bitcointalk.org/index.php?board=53.0
you can be sure they are not going to be asking for KYC as long as you sell your BTC but buying BTC is different. i tried selling going to my paypal which is quite the normal way.

Maybe that method doesn't apply in my area, kyc requires Crypto-fiat or fiat to Crypto, but I've seen and read about Bity: This Crypto Brokerage Lets You Escape to Fiat – No KYC Required.
For example:

I'm not sure you are in Switzerland or another country.

However, elsewhere I also saw about: How do I exchange crypto to fiat without KYC?.

The point is: I have never done anything like crypto to fiat without KYC, which is clear from the sources above which will show you a little information about what you have to do.

Bank reversals are more common, now more than ever, with online banking, credit and debit cards, online shopping, phishing scams through email and SMS and whatnot, other scams, double entry, and so on. It's going to be on a case-to-case basis. Some will be reversed, some not. Some easily reversed, some require you to submit documents and screenshots and other proofs. Banks have dispute officers and analysts for these requests. They're strict, of course, but it doesn't mean they're making the right decisions all the time.

I am looking to buy BTC and willing to use trusted Escrow of this forum.
If you are interested pm me

Bisq is the best option for desktop computers, PeachBitcoin if you are using mobile and live in EU, or Robosats if you are using Lightning Network for lower transaction fees.

Sending large amount money to your bank could always trigger some warning, so maybe it's better idea to look for p2p cash transaction.
I know some people are using virtual and physical cards for converting bitcoin to fiat, that could be a good and quick alternative for all I mentioned above.

Bank accounts and bank cards are all necessarily KYC service so it is better to use reliable KYC services rather than trying to avoid them by using P2P.
If you really want to avoid any KYC, the safest solution is to sell Bitcoin or stablecoins for cash, and then you can deposit the cash into your bank account or buy goods and services with it.

Be careful of doing P2P with too many accounts as it may start raising doubts about your account activity.

If your money is not so big and it is not ill-gotten, then you do not have so much to worry yourself about no-KYC unless you do not have the documents available and still want to make the transaction. It is when the money is so big that you might not want it to be traceable to you. But remember, crypto transactions are not as hidden and untreatable as people think.

I've also read the suggestions of people given to you, you may opt for any of those options, but note that as long as the end transaction has to do with a centralised system like the bank, your transaction is already known (crypto and fiat) and can be traced to you. So, it better be for the unavailability of KYC documents and not for privacy.

This one scares the hell out of me. I never thought of this ever since I engaged in P2P transactions. Wait a minute, can banks still be so careless in this present age to be reversing transactions anyhow unless they trust the integrity of the customer 100%?

I guess this can't happen in my country. Banks and financial institutions are now more clever not to honour such transactions without proper investigation, and if they must investigate, they must first contact the beneficiary bank, and from there, the transaction would be revealed by the beneficiary customer. Bank and Fintechs in my country are now warning when you want to send money that the transaction can't be reversed.

Technically, this has a meaning and no system will be so irreversible, but such is invariably serving as a warning and means that the reversal can't be automatically commanded without a review. This is even if you guys are using the same banks.

Are you for real? This is off. No one is talking about crypto casinos. And if the OP would go through Bestchange, he should be ready to partways with an insanely huge part of the money. It will also take a grace for him to see the no-KYC among the options.

It's impossible to withdraw a fiat from a crypto casino without the chance of going through a KYC procedure. If you also plan to deposit your crypto to crypto casino and then immediately withdraw it without trying to make a bet or wager, then you are highly increasing your chance of getting asked to do KYC verification. If you are simply looking for a way to convert crypto to fiat, there are better alternatives than crypto casinos. Visit bestchange.com and choose crypto/fiat pair and then check reviews of each exchange. You might find an exchange that will let you cash out crypto without going through KYC procedure. There are also some good decentralized exchanges that others already suggested.

Completely might be an exaggeration. Remember that bank transfers are reversible but Bitcoin transactions aren't. But it won't anymore be on the platform when the buyer requests from his/her bank that the transaction be reversed. That's why you also need to be very careful in choosing who you deal with. To be safe, choose those buyers who have a high number of successful trades, trading partners, and feedback score.

But there are safeguards in these platforms as well. In AgoraDesk, for example, you will have to receive the money first and verify that it is the correct amount before you will release your Bitcoin.

You can also do the trade here if you want and choose those who have high trust ratings.

Only agoradesk since robo and bisq had no volume for my locale when I tried them but they're all reputable exchanges in bitcointalk especially those scored 9-10.

This website has a through review of them, see: https://www.athena-alpha.com/p2p-crypto-exchange/
You can also search each of their ANN thread on bitcointalk through ninjastic.space/search


Yeah, because it's p2p, you're trading with the user and not the exchange. Be careful of mind tricks though, ofc there will be scammers as well.

Thank you for your response. Have you personally used any of these services? Are they completely secure?

Does the money transfer directly from the sender's bank account to my bank account?

Regards,

Yeah, there are a couple of privacy respecting p2p exchanges out there, see: https://kycnot.me/?t=exchange&q=&fiat=on

But don't expect the prices to be competitive like those in centralized/custodial exchanges. I say, consider it a pay for the extra privacy.

Hello Friends,

I'm thinking of capitalizing on this bull run and taking some profit.

Does anyone have suggestions for cashing out crypto without going through KYC? It would be ideal if I could transfer the fiat to my bank account or onto a card. Or is there any other way?

Thanks in advance for any advice!