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Board Exchanges
Re: How do you without id/passport verification convert crypto to fiat?
by
akamit
on 25/01/2018, 08:27:10 UTC
Since I started with crypto I've been looking for a way to convert crypto to fiat in a anonymous or semi-anonymous way but have found about nothing.
I'm not comfortable sending copies of my passport/id to exchanges, but I would be comfortable just giving my name, address, etc like I do when creating a stocks trading account. The only prepaid card I found for the time being is advcash, but they have a limit of 250usd and then you have to verify yourself, besides that I've found no good solution. How do you do? Do you all really send copies of your passport/id to exchanges? wouldn't that go against the spirit of cryptos?
The only best & fastest way without any verification is LocalBitcoins and paxful. And another way is this forum, but sometimes it takes some time.
I don't know your exact location, you can also convert your btc to paypal then transfer to your bank account. There could be another way for you which is Payoneer.


I do find this aspect of Bitcoin annoying.  I would have to renew my passport / drivers license to get the $'s safely or take a risk with total strangers on the internet.
We all are strangers online, and still, we are doing everything online. And that's why there is a service called "ESCROW".