How do you sell Bitcoin anonymously without getting scammed?

[o_e_l_e_o]

For me at the moment Binance is the safer platform since they have built good reputation

MtGox had a good reputation. Voyager had a good reputation. Celsius had a good reputation. Quadriga has a good reputation. Cryptopia had a good reputation. FTX had a good reputation. All now collapsed. Reputation means nothing. Any coins you have on Binance are at risk.

for many years and they keep evolving base on new trend tech exist.

What? Evolving? Lol. It took them years to implement SegWit. Zero sign of any Lightning support any time soon. Continue to charge 100x more than necessary in withdrawal fees. Binance are stuck in the past. The only thing they actively develop is ways to scam their users out of more money by tricking them in to using their own centralized coins.

We have p2p and decentralized exchanges which are known to be trusted

That's the beauty of a true DEX such as Bisq - you don't need to trust the exchange, at all. All the code can be verified and they never take control of your coins or your data.

What if they are leaking our data secretly? If not then what if they got hacked and our data is going to be stolen?

They don't need to do it secretly. They share your data openly but people don't care. And yup, they've also been hacked and had user data stolen in the past as well.

[dimonstration]

I think one can always ask fellow forum members to trade the bitcoins anonymously. We are always looking away from the actual source and the place where Satoshi also portrayed his thoughts and had fun. The home guys! Yeah I get it it’s hard to find trusted members here plus there is point of escrow and stuff. However, good deals can be easily made and there are thousands of members with good amount of bitcoins in their possession and are willing to trade for money. Money can always be sent via third party services and bitcoins with complete secrecy. I am now doing the trades with one friend overseas and they send me fiat via Wire transfer. Seems nothing hard for me.

This is a very old school suggestion. It's inconvenient and additional cost since both party needs to setup escrow service and wait for all the parties involved become online. Escrow fee here is also high and has a minimum rate that is not advisable for small transaction.

DEX is the best on this situation like Bisq but currently the price there is different on the exchange price since people that serting up order there add premium but this kind of platfor is the best way to trade Bitcoin anonymously.

[abel1337]

Since then, I haven't been able to sell my bitcoin into cash without having KYC on a part of it. The tools or platform are requiring KYC on my country for us to be able to use it properly. The platform that is use to sell is centralized and I'm usually using coins.ph for remittance or ATM cashout and Binance for p2p trading, These both requires KYC. And the one that is receiving the payment of the transaction which is cash is my e-wallets, bank account or remittance center. All of these requires KYC. There are other method that can be used like under the table transaction for p2p but I see it as much riskier and more work method. Or you can use other identity to cash out for you which also has it's own risk. I just sticked to my usual way of cashing out my BTC since I haven't had any issues with it and I've submitted KYC on the first place, There's not much harm to use it repeatedly as long as you are managing the amount you are cashing out.

[Abiky]

This is already happening, and quite widespread as well. I opened a thread about it here: Recent events should make everyone withdraw all their coins to their own wallets. There are multiple examples around the world of governments using data gathered from centralized exchanges to spy on their citizens, as well as using those same centralized exchanges to censor those citizens and prevent them from spending their coins.

Just because you (plural you, not you specifically) haven't been censored yet, doesn't mean that any and all data centralized exchanges have relating to you is not already in the hands of your government and other governments around the world.

Having self-custody of your crypto is a must these days. Especially when governments are starting to exert pressure over centralized exchanges. That, and also the fact that CEXs can collapse at any moment due to hacks/theft or misuse of customer's funds. With ever-increasing regulations from the government, trading Bitcoin or any other cryptocurrency without KYC is a must to help achieve true financial freedom and privacy.

I think Bisq is the best solution for trading Bitcoin in a P2P manner. HodlHodl is good too, but it's a custodial service (as far as I know) unlike Bisq where you have full control of your keys. We need as much decentralized and non-custodial exchanges as possible to help resist governments' efforts to destroy Bitcoin for good. I hope we'd still be able to buy and sell BTC through such alternatives, even if governments decide to ban the cryptocurrency in the future. Just my opinion

[Nrcewker]

The crypto industry is becoming more centralized by the day, as major industry players comply with strict government regulations. People who want to get access to crypto will find it almost impossible to do so without providing their personally-identifiable information. This would make crypto no different than traditional banks. There are some platforms where you can sell Bitcoin for cash anonymously, but you'd face the risk of getting scammed easily.

What would be the safest way to sell your BTC without KYC? Please feel free the share your methods here for the benefit of all. Thanks.

You can’t sell your Bitcoins without giving your details? I mean only way possible if you sell your Bitcoins in exchange of hard cash, but that’s very rare. Yes what you can do is that you can hide your details in the exchange or platform where you are doing the deal. But you need to give your details to the buyer, in order to get your funds transferred to your bank account. You can easily do non KYC trades at P2P exchanges. Try localcryptos, they are famous for non KYC P2P deals.

[Abiky]

You can’t sell your Bitcoins without giving your details? I mean only way possible if you sell your Bitcoins in exchange of hard cash, but that’s very rare. Yes what you can do is that you can hide your details in the exchange or platform where you are doing the deal. But you need to give your details to the buyer, in order to get your funds transferred to your bank account. You can easily do non KYC trades at P2P exchanges. Try localcryptos, they are famous for non KYC P2P deals.

That's precisely what I'm looking for. A way to exchange Bitcoin to hard cash without getting scammed. I believe this is something difficult to achieve, since cash is anonymous by design. If there's a middleman involved in the process (escrow) that would help settle a dispute in case things go the wrong way, selling BTC to cash should be a no-brainer. The only downside to this is that the transaction will be known by the third party (escrow). I was considering selling Bitcoin for money orders, but I'm not sure if such method is untraceable/anonymous. Localcryptos looks to be a better alternative to LocalBitcoins, so I will consider it when selling my BTC to Fiat (Bisq is another good option).

If you or anyone else have any more suggestions, please let me know. Thanks.

[Wakate]

Selling your Bitcoin without KYC can be a little but challenging and we just need to be very careful about how we intend to do that. I know of some crypto exchanges that do not care about KYC at all that you can use and stay anonymously without anyone knowing who you are or how much coin you have to sell. You can also choose to sell it to friends or other people around you or your state. For this you can choose to meet at a open place where you guys to do the transaction without any risk to be taken or KYC. This option is better for me.

[AicecreaME]

The crypto industry is becoming more centralized by the day, as major industry players comply with strict government regulations. People who want to get access to crypto will find it almost impossible to do so without providing their personally-identifiable information. This would make crypto no different than traditional banks. There are some platforms where you can sell Bitcoin for cash anonymously, but you'd face the risk of getting scammed easily.

What would be the safest way to sell your BTC without KYC? Please feel free the share your methods here for the benefit of all. Thanks.

If the platform is your only choice, I think you need to change your policy, like payment first or must need a middle man before sending your bitcoin to the buyer to avoid being scammed. The platform must have some kind of ratings so that sellers could be easily identified as a legit sellers by the buyers, though scammers don't really care about sellers if they are legit or not since they only want to get bitcoin for free.

The other option you could have is peer to peer, but only sell to people who you know or your friends personally knows to avoid worst case scenario.

[Abiky]

Well, mostly I can use someone's service as escrow and it ends up without KYC but still, the fee from using escrow is higher than using an exchange when I compare it. Since the fee from using an exchange is the most comfortable to me until now I keep using local exchanges with KYC.

I guess that's the price you have to pay in order to enjoy true anonymity. I don't mind about higher costs compared to using a centralized exchange, as long as I'm able to get BTC without bringing unwanted attention (not that I'm doing anything illegal by the way). In times of increasing government surveillance, we'd need to remain under the radar in order to help protect our freedom. Bitcoin was created as a means to escape the system, so it's best to do everything in the most "Peer-to-Peer" manner possible. Bisq, Hodlhodl, and Localcryptos are all we need to exchange Bitcoin in a truly anonymous way.

I'll be locking this thread as I've already found the answer to my question. Thanks, everyone!