Where to sell bitcoins without ID verification

[shasan]

I know some sellers on localbitcoins will take BTC without requiring full KYC, since the risk is far less as you will deliver first via escrow it should be possible to find a few who will offer this service in some country or currency.   Or exchange for tokens of some kind is another path.

To sell btc you should not need kyc to provide to the buyers of bitcoin on localbitcoin but you have to verify your identity on the site to make transaction. And as further as I know you would not be able to get your bitcoin wallet ID before verifying your identity on localbitcoin.

[sheenshane]

I know some sellers on localbitcoins will take BTC without requiring full KYC, since the risk is far less as you will deliver first via escrow it should be possible to find a few who will offer this service in some country or currency.   Or exchange for tokens of some kind is another path.

To sell btc you should not need kyc to provide to the buyers of bitcoin on localbitcoin but you have to verify your identity on the site to make transaction. And as further as I know you would not be able to get your bitcoin wallet ID before verifying your identity on localbitcoin.

I tend to agree and in short, Localbitcoin isn't safe if you want to sell Bitcoin without identity verification or it's an anonymous way.

It's already suggested on the first page and I think the best way to buy Bitcoin is on P2P services that never hold buyer/seller's fund.  It's usually held in 2-of-2 multi-sig wallets which is considerable it's safe between two parties, the buyer and the seller.

Bisq platform is my bet.

[shield132]

Hi everyone.I have some bitcoins that i want to switch into my bank account,but i have only found websites that require ID verification... Can anyone help me find some solution or recommend me some website?

You have some bitcoins? I guess you may know that 1 bitcoin costs more than 60K USD and if you sell not only one but some of them and get deposit on your bank account, I guess you may receive call from your bank and get asked about who paid you that amount of money and why. If I were you, I would be more careful and would go with Binance, Coinbase or with any other reputable exchange and submit KYC. If the reason behind non-KYC is personal that you don't want to state there, then my suggestion is to not exchange all the money immediately or you'll turn red alarm on yourself from the bank/government.

[Findingnemo]

I know some sellers on localbitcoins will take BTC without requiring full KYC, since the risk is far less as you will deliver first via escrow it should be possible to find a few who will offer this service in some country or currency.   Or exchange for tokens of some kind is another path.

To sell btc you should not need kyc to provide to the buyers of bitcoin on localbitcoin but you have to verify your identity on the site to make transaction. And as further as I know you would not be able to get your bitcoin wallet ID before verifying your identity on localbitcoin.

It depends on the buyers you are going to trade with, traders using high risky payment modes aka anything other than banking transactions may ask you to verify your ID and also they will check the account name and your payment account belongs to the same or not.

[0verseer]

Hi everyone.I have some bitcoins that i want to switch into my bank account,but i have only found websites that require ID verification... Can anyone help me find some solution or recommend me some website?

You have some bitcoins? I guess you may know that 1 bitcoin costs more than 60K USD and if you sell not only one but some of them and get deposit on your bank account, I guess you may receive call from your bank and get asked about who paid you that amount of money and why. If I were you, I would be more careful and would go with Binance, Coinbase or with any other reputable exchange and submit KYC. If the reason behind non-KYC is personal that you don't want to state there, then my suggestion is to not exchange all the money immediately or you'll turn red alarm on yourself from the bank/government.

Yeah, anti money-laundering protocol is really a pain in the ass for crypto assets. Even if OP is able to hide most of his personal ID when making the trade, the bank will need to check and verify where is that amount of money coming from and was it 'clean'. Worst, he could get himself to some dirty money come from a dubious source and get his balance frozen for further investigation. Or maybe OP just simply want to avoid tax on crypto assets so he can't submit KYC to the reputable exchange.

[LeGaulois]

You have some bitcoins? I guess you may know that 1 bitcoin costs more than 60K USD and if you sell not only one but some of them and get deposit on your bank account, I guess you may receive call from your bank and get asked about who paid you that amount of money and why. If I were you, I would be more careful and would go with Binance, Coinbase or with any other reputable exchange and submit KYC. If the reason behind non-KYC is personal that you don't want to state there, then my suggestion is to not exchange all the money immediately or you'll turn red alarm on yourself from the bank/government.

Just No, No, & No

then my suggestion is to not exchange all the money immediately or you'll turn red alarm on yourself from the bank/government.

If you receive 10 transfers of $50k each, you will be considered more suspicious compared to 1 transfer of $500k. Common sense

 

I would be more careful and would go with Binance, Coinbase or with any other reputable exchange and submit KYC

If I want to hide something from the bank, I would rather prefer to receive a bank transfer from an unknown person than a company related to cryptocurrencies. You have also more chances to trigger the ring bell when you receive a transfer from coinbase, binance & co than from a random individual

I guess you may receive call from your bank and get asked about who paid you that amount of money and why

A bank is not a police station. While they can ask for details about a transfer received, the customer is not forced to reply. It's the law. And the bank can't do much more, other than to decide to close business with you (in extreme cases).
So many banks around so it's not a problem.

They can't freeze your money, they're forced to give it back to you, it's also the law. They can't fire you without a notice 30 or 60 days before.
99% of the time, when they ask a few questions, they don't really care about the replies. They ask because they need to write something. Nothing more. Everyone can reply it comes from their cousin living in another country or whatever you want.

People overdramatize with the banks but there are laws and rights

[Mkmanik]

You dont need to submit KYC documents to sell bitcoin. But which platform do you want to use, That varies here? I suggest you use the P2P marketplace to sell Bitcoin. Binance P2P market is now popular and you can use it by submitting your KYC document. There are a ton of payment gateway to sell your Bitcoin.

Dont cash all of your Bitcoin at once. Try to do it slowly and use some other payment gateway also. You can also use your friends and family account for it(if they are trusted). There are a ton of ways to get cash by selling Bitcoin. You just need to spend some time to find out the suitable one.

[LeGaulois]

Do you see the nonsense you're talking about? The original poster is asking where can he sell bitcoins without ID verification
I reapeat:
without ID verification

and you suggest him to use the binance p2p market by submitting his KYC documents. The irony continues when your first sentence says You don't need to submit KYC documents to sell BTC

[The Cryptovator]

Most of the users suggested peer-to-peer exchange to selling your Bitcoin and of course this is the only way if you wanna go without KYC. Better if you can discover trusted reseller groups in your country. I am selling this way since Bitcoin isn't supported by my bank or government. But if you go peer to peer, then just make sure buyers have enough rating and trust you are dealing with. Often I have seen a story where a buyer sends black money to the seller. As a result, the bank froze the funds and arrest the seller. Make sure you aren't gonna fall into this type of problem. Or look for someone from the forum currency exchange section and use a trusted escrow to complete the deal.

OP doesn't respond to a scammer if they PM'd you to exchange Bitcoin. Many scammers would contact you via forum or Telegram which would lead to being a scam. Don't deal without forum escrow if the deal going to happen on the forum.

[AlexPCS]

Hi everyone.I have some bitcoins that i want to switch into my bank account,but i have only found websites that require ID verification... Can anyone help me find some solution or recommend me some website?

Depending on the volumes you are talking about - you might want to look into alternative solution which our service offers: https://bitcointalk.org/index.php?topic=5244746.0

[Taskford]

Most of the users suggested peer-to-peer exchange to selling your Bitcoin and of course this is the only way if you wanna go without KYC. Better if you can discover trusted reseller groups in your country. I am selling this way since Bitcoin isn't supported by my bank or government. But if you go peer to peer, then just make sure buyers have enough rating and trust you are dealing with.

It's hard to anyone especially if they don't have any trusted person to rely on regarding on this kind of transaction and its dangerous to do P2p knowing that there are so many scammers everywhere, also its hard to sue them since for sure we don't know their identity since anyone can create fake profiles here.

So if I where the OP better he should do KYC since this is more convenient rather than doing a risky trade and there's nothing we should worry about our data since for sure the legal platform will handle it well without giving it to other which can cause harm to us.

[Mpamaegbu]

They can't freeze your money, they're forced to give it back to you, it's also the law. They can't fire you without a notice 30 or 60 days before.

Well, I think what you captured there is "an ideal situation" and not what can be taken as general like the arbitrary situation in some countries where banks close and ban accounts on the directives of top politicians.

Yes, I think people are just being unnecessarily over apprehensive about the privacy thing. There's no way one can completely process and spend cryptos (Bitcoin et al) without revealing a name (as in bank transfers) even when we make transfers of cryptos to others, it still won't be completed until one of the parties decides to withdraw and use it or to an address (for mailing products bought with cryptocurrencies). So, I don't see how one escapes all that privacy thing. The best would be to get a trusted exchange and do a KYC with them so you can do your trades easily.

[shasan]

You dont need to submit KYC documents to sell bitcoin. But which platform do you want to use, That varies here? I suggest you use the P2P marketplace to sell Bitcoin. Binance P2P market is now popular and you can use it by submitting your KYC document.

Is it not self contradictory post as well as is it not the post which is against the post of the op. The Op is searching a site where op can sell bitcoin without identity verification and you are telling to use binance which require id verification. So, how the help you done by providing the name of binance.