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Board Exchanges
Re: How do you without id/passport verification convert crypto to fiat?
by
lex.l1
on 20/03/2018, 12:17:57 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 dont know if this helps you out, but I will tell you some sort of alternative that I do since the entire wave crest situation.
I found a bunch of casinos that take bitcoin as a deposit and allow you to withdraw skrill or some other sort of fiat.
I deposit my bitcoin, i play 15% of the funds on roulette ( some casinos require some retarded rule of 35x bets, but u can easily avoid those shitty ones ).
I bet 1$ on red, 1$ on black so it's an even bet. Then I proceed to withdraw to my bank account. I declare my incomes and pay taxes. In my country, if income from gambling doesn't exceed $200,000, taxes are just 3%. You can also use skrill's debit card.
This is NOT PERFECT, but it's how I adapted to the wave crest issue. Hope it helps.