Post
Topic
Board Exchanges
Re: How do you without id/passport verification convert crypto to fiat?
by
luigidosado
on 25/01/2018, 13:42:09 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?
I'm like you sir, up until now I wasn't able to verify and confirm my online wallet because I still don't have the requirements to be submitted to them. Though these wallets are controlled by the government they are still safe. You better read their terms and condition, there written all you rights and their policies. Their goal is to keep your information for verification, they don't have the right to forward your information to someone else. If that's likely to happen, you can file a case against the developers. For what I do now, I ask some of my friend to withdraw my cash through their accounts.