A few days ago, localbitcoins told me i need to proceed to tier 3 verification, i thought it was ok to do so and uploaded what they requested, and from past 4 days i am still waiting for them to update my limit and make my account fully functional, no reply to my ticket also yet. Then i looked into google where to buy and sell for my country, i found paxful and remitano to be the top competitors for local bitcoins. I registered in both the places to see what is next, in remitano i could sell small amount without any issue, but they made me link my phone and bank account for the purpose of verification. In paxful, i fould all shady profiles so i never bothered to create a trade there. I think if i deposit a slightly huge volume of BTC then remitano also might lock my account untill the verification is completely done. I do have a option of selling and buying offline, from people i have dealt with a few times earlier, but those people are offering me prices i am not good to deal with, but in websites the catch was that i got more offers and better rates.
I searched in bitcointalk too, there were many threads guiding me how i can exchange in different exchanges, but most of them were crypto to crypto. I wanted a solution for crypto-fiat and vice versa. I also found this https://bitcointalk.org/index.php?board=53.0 place in the forum where many people make offers. I feel i will have to use escrow, and the fees that escrow providers charge might sometimes be too much for small deals.
Is there any place or any way that peer to peer trading can happen safely without the fuss of verifying all my ID's ? Some websites wanted me to verify my bank account too, but i never bothered to login to my internet banking from their websites interface.
I believe many people might be facing the issue same as me after many tiers of verification has come up and different policies that these providers are regulating on their customers forcefully in order to use their services.
I also believe someone might have a solution to this or alternatives that they have personally used which could help me at this point.
EDIT : BEST OPTIONS SO FAR
- Buy/Sell @ FORUM https://bitcointalk.org/index.php?board=53.0 [No id, no verification, can use escrow, can trade without escrow with trusted mebers too]
- Buy/Sell @ LOCAL CRYPTO https://localcryptos.com/ [Need to verify email and phone for the purpose of recovery of account, no ID, no verification, they may only individually be requested by the traders themselves to verify the payee]
- Buy/Sell @ BISQ NETWORK https://bisq.network/ [Need to provide bank details, create order, No ID, No verification *][Very slow though]