A Guide to USD to BTC, Without KYC
With the exceptional forecasts for the future of bitcoin and the paranoia building behind government fiat money, now is a great time to invest your money into cryptocurrencies.
However, ironically, finding an exchange where you do not have to divulge an excess of personal information is getting more difficult. With KYC laws requiring financial institutions establish the legitimacy of customers' identities, popular US-operating exchanges like Coinbase or Binance are required to verify their customers identities, or face the wrath of the US Treasury Department and the rest of the feds.
Luckily, you can avoid these situations by using peer-to-peer websites. One of the best is LocalCryptos.
LocalCryptos, formerly known is LocalEthereum, is a non-custodial peer-to-peer cryptocurrency marketplace, where an escrow is used to hold both parties accountable. When two parties agree on a deal, the cryptocurrency (BTC, ETH, LTC, OR DASH), is put in an escrow, and the escrow is released when the seller is paid directly by the buyer on payment services like PayPal, Venmo, Payoneer, CashApp, TransferWise, etc.
The website features a wallet where you can store your Bitcoin, Ethereum, LItecoin, and DASH, before and after transactions. The escrow used for transactions is also secured with blockchain, keeping it secure but also irreversible. Messages between traders are also encrypted.
LocalCryptos is overall a great platform, taking minimal fees (0.25% to 0.75% on the escrow), while also providing you with security, support, and a pool of sellers and buyers looking to have productive transactions.