Best Non-KYC Methods for converting fiat -> Bitcoin?

[kentrolla]

It seems that the trust wallet would be the best option they do not have KYC verification and Coinomi use 3rd party simplex that accepts debit/credit card.

Anyway, adding this I found a big list of exchanges without KYC required and other P2P exchanges.

Check them here https://bitcointalk.org/index.php?topic=5270416.0

Thanks for sharing this list as I have found it really difficult to find a reliable exchange for P2P trading especially for crypto to fiat, it was good when localbitcoin.com was not enforcing the KYC but eventually it started forcing KYC on us to do KYC and those exchanges which don't mandate KYC either have higher fees or else volume will be too low.

Hoping to find a better exchange with high volume and lower fees in this list.

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[jossiel]

You have a good point @jossiel, and I agree that resorting to availing the service of a forum’s escrow would make this P2P transaction a safer alternative instead of doing KYC. With regards to escrow on other platforms, it would be really hard to find that is guaranteed to be safe and trustworthy, so you have to stick with what you know that’s more guaranteed.

And if somebody is planning to trade with someone on the forum and having hard time finding an escrow for their deal.

Here's the Recommended bitcointalk escrow services

There are still many of them that are active until now. But just be sure that you're aware of the terms that they have before proceeding on dealing with someone.

[so98nn]

Well that's tricky. It seems we have only limited options as mentioned in the OP. If you would have asked for converting the bitcoin to fiat with non-kyc then there are bunch of ways for the same. I mean, one could simple convert the bitcoin to amazon vouchers, then based on that get gold bars or gold coins from amazon and once received just sell it to the gold smith. This is amazing way to do in India. Since in India peeps are fan of Gold due to traditional value anyone can easily buy it from you. Thus easily converting the bitcoins to real asset.

May be this option can be used in reverse way to buy the bitcoins I guess. 
Using the Gold, selling it to the crypto-come-gold lover and then buying the crypto with the same.

Since many countries are not blessed with the bitcoin ATM, we do need alternative ways to do it.

[toast]

Thank you, @jossiel, for posting the recommended list of escrows here. It is indeed important to be thorough in reviewing the terms of any transaction to avoid any conflict in the future. I hope this would be useful for those looking for an escrow to be able to do P2P trading.

[jaberwock]

It seems that the trust wallet would be the best option they do not have KYC verification and Coinomi use 3rd party simplex that accepts debit/credit card.

Anyway, adding this I found a big list of exchanges without KYC required and other P2P exchanges.

Check them here https://bitcointalk.org/index.php?topic=5270416.0

Thanks for sharing this list as I have found it really difficult to find a reliable exchange for P2P trading especially for crypto to fiat, it was good when localbitcoin.com was not enforcing the KYC but eventually it started forcing KYC on us to do KYC and those exchanges which don't mandate KYC either have higher fees or else volume will be too low.

Hoping to find a better exchange with high volume and lower fees in this list.

Localbitcoins.com used to be a popular site for p2p trades. It was reliable not until they change their rules but does the rules wont make the site useless? Because, the site supposed to be focused on p2p and requiring a KYC would instantly kill this feature. Localbitcoins wont now differ to a centralized exchange but I understand why they do this.

It is popular and it could have been attacked by scammers which can easily get away because they are totally anonymous. Non KYC sites are for low volume trades but they should not increase the fees because it is for low volume trades anyway? All the users are not rich enough to afford paying more in the fees.

[jrrsparkles]

It seems that the trust wallet would be the best option they do not have KYC verification and Coinomi use 3rd party simplex that accepts debit/credit card.

Anyway, adding this I found a big list of exchanges without KYC required and other P2P exchanges.

Check them here https://bitcointalk.org/index.php?topic=5270416.0

Thanks for sharing this list as I have found it really difficult to find a reliable exchange for P2P trading especially for crypto to fiat, it was good when localbitcoin.com was not enforcing the KYC but eventually it started forcing KYC on us to do KYC and those exchanges which don't mandate KYC either have higher fees or else volume will be too low.

Hoping to find a better exchange with high volume and lower fees in this list.

Localbitcoins.com used to be a popular site for p2p trades. It was reliable not until they change their rules but does the rules wont make the site useless? Because, the site supposed to be focused on p2p and requiring a KYC would instantly kill this feature. Localbitcoins wont now differ to a centralized exchange but I understand why they do this.

It is popular and it could have been attacked by scammers which can easily get away because they are totally anonymous. Non KYC sites are for low volume trades but they should not increase the fees because it is for low volume trades anyway? All the users are not rich enough to afford paying more in the fees.

1% fee is decent amount for the anonymous trade but as you said it's not really recommended for trading big volume. The real risk is which trader we are dealing with because p2p exchanges filled with scammers who will send real money but from a hacked bank account so whoever dealing p2p should make sure the funds are coming from the owner not from third party that is where the again identify will be broken.

[BrianH]

Thanks for all the great suggestions! AgoraDesk looks very active. I updated the first post.

Almost all fiat-to-BTC traders would require you to upload ID,even if they are using a platform like Bisq.
Trust is everything in this business.

This is not true at all.
There are no id requirements for Bisq.
Bisq locks the trader's funds and an additional deposit in a multi-signature wallet. It is nearly a trustless transaction.
If they try to steal your money, you can submit the transaction to a Bisq third party moderator. The moderator volunteers their time and is paid by the platform.
If the moderator determines the trader tried to steal from you, you receive your funds back and their deposit.
The main trust required is in the open-source software itself.

Biggest challenge with 100% Non-KYC is that generally at least 1 person knows who you are - the buyer.

[worle1bm]

I would say that if you want to cover your traces then selling them through local bitcoins is easy though and there could be some Bitcoin ATM's that might not have cameras installed to have look upon you unlike the regular bank ATM which keeps you under full supervision.Selling them in person is also best as only buyer and seller knows each other regardless of any third party so this option also suits me.

[d5000]

The real risk is which trader we are dealing with because p2p exchanges filled with scammers who will send real money but from a hacked bank account so whoever dealing p2p should make sure the funds are coming from the owner not from third party that is where the again identify will be broken.

Exactly. The risk is in this case that you sell to a scammer which has stolen an account and later the legitimate owner of the bank account reports the trade to the authorities, which can get your bank account frozen and you'll be charged for money laundering and fraud. This has happened to several Bitcointalk forum members.

Regarding risks, there are however big differences between a fiat -> Bitcoin operation and a Bitcoin -> fiat operation.

For a fiat -> Bitcoin operation P2P services like Bisq you generally do not put your bank account at risk (the only case being that you're transferring money to a stolen account a scammer uses for money landering purposes, but that's not very frequent). The risk is here that in theory your counterparty could allege they haven't received your bank wire. However this is mitigated by the security deposit Bisq requires, like BrianH has already wrote, so I would consider this operation of relatively low risk. At least the scammer can't win anything in this case, only lose.

But a P2P/Bisq Bitcoin -> fiat operation is highly risky. Not only because of the risk for your bank account as I wrote above, but also because scamming "this way around" faking proof for the escrower is at least a little bit easier. That's why for Bitcoin -> fiat I recommend indirect methods like those I mentioned in this post. Or buy the things you need for your everyday life directly with Bitcoin if there are shops accepting it in your region.

[doomloop]

I would say that if you want to cover your traces then selling them through local bitcoins is easy though and there could be some Bitcoin ATM's that might not have cameras installed to have look upon you unlike the regular bank ATM which keeps you under full supervision.Selling them in person is also best as only buyer and seller knows each other regardless of any third party so this option also suits me.

If you’re selling it to a person you don’t really have full privacy because who you are selling it to knows you. And if you decide to make use of a Bitcoin ATM, and the ATM happens to have cameras that monitors users, then it’s also possible that you don’t have any privacy at all.

So, I think the only platform here that is 100% anonymous when you are making use of it is localbitcoin.com, because with LocalBitcoin you just send to the buyer or to the seller and they don’t really know who you are, and before sending to them you just rely on the ratings and reviews that you have seen on their profile to do business with them. And your privacy will be maintained when you make use of this means.

[darewaller]

I prefer to go with cash in person. There are so many local exchangers these days that you can do business with face to face. I even know a lot of them and I have their number which I use to contact them on WhatsApp whenever I want to change Fiat to Bitcoin or Bitcoin to Fiat.

This is clearly the best for me because doing business with most of them is really quick and I also get to gain much from it since they are buying and selling at a better rate than when I am making use of a well known or a big exchange. Another way that I also exchange my Fiat to Bitcoin is by making use of exchanges online such as localbitcoin.comorpaxful.com.

[BrianH]

I would say that if you want to cover your traces then selling them through local bitcoins is easy though and there could be some Bitcoin ATM's that might not have cameras installed to have look upon you unlike the regular bank ATM which keeps you under full supervision.Selling them in person is also best as only buyer and seller knows each other regardless of any third party so this option also suits me.

If you’re selling it to a person you don’t really have full privacy because who you are selling it to knows you. And if you decide to make use of a Bitcoin ATM, and the ATM happens to have cameras that monitors users, then it’s also possible that you don’t have any privacy at all.

So, I think the only platform here that is 100% anonymous when you are making use of it is localbitcoin.com, because with LocalBitcoin you just send to the buyer or to the seller and they don’t really know who you are, and before sending to them you just rely on the ratings and reviews that you have seen on their profile to do business with them. And your privacy will be maintained when you make use of this means.

If selling to a person, technically you can consider that 100% anonymous. Even if they see you, they don't know who you really are. You could wear a disguise, if you are concerned the other party will somehow recognize you. This would be a good option if A. more people were willing to do it and B. there was a feedback system to reduce the risk of getting robbed/hurt/killed.

LocalBitcoin now requires KYC to use, so it's not anonymous. Alternatives listed like LocalCryptos, LocalCoinSwap, LocalMonero, Agoratrader, etc. can be 100% anonymous, but only under certain conditions like mailing cash with a different or no return address.