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Re: How do you without id/passport verification convert crypto to fiat?
by
eternalgloom
on 25/01/2018, 12:07:11 UTC
The only way I know about is localbitcoins. Can you recommend another safe p2p platform for trading? And what's the benefit of using paypal?
No, localbitcoins traders also asking for the ID proofs while initiating the trades if you can't provide the necessary ID the they will cancel their trades but there is no official statement on localbitcoins.com website but everyone asking to verify the ID.
But I heard that poloniex trading don't need any ID verification upto certain limit($2000 per day).So you van checkout their official website for more information.

Not all traders on LocalBitcoins require you to give them proof of ID before you can sell your Bitcoins for fiat, at least not with the sellers I'm using.
Decentralized exchanges are also an option, but I don't know which ones are the best to use.

I think it's pretty ridiculous that exchanges require verification for small withdraws to fiat and I'm especially worried about the safety of those documents.
I don't want a copy of my ID floating around on the internet so it could be used for identity theft.