Let's say I'm an Ethereum whale with x million assets in Ethereum.
Is there a way to convert my Ethereum or USDT / USDC to Bitcoin without KYC?
Bisq or HodlHodl are attractive, but the liquidity there is too low for me.
To be honest, central swaps like SimpleSwaps are too risky for me, the past has shown where this can lead.
My idea would be to use wallets like Exodus / Incognito / Ledger / Trezor and convert the Ethereum into Bitcoin in smaller 10 - 20k steps.
Then whirlpool everything and put it on my cold wallet.
Do you maybe have better suggestions for me?
You can use a different method as well. You can use a CEX that doesn't require KYC verification, for example, Bitget. First, deposit ETH, then you can convert it to BTC and withdraw it using the Bitcoin network. Just keep in mind that there's a daily limitation on withdrawals for all CEXs without KYC verification. It's $50K per day for Bitget.