Hey,
I am currently seeking to convert 20,000€ worth of cryptocurrency stored in cold wallet, in CASH without undergoing KYC procedures. I'm encountering difficulties in finding a suitable solution. While browsing various forums, I came across individuals who are open to exchanging this amount for a variable percentage ranging from 1 to 7 percent.
The primary concern lies in executing the transaction securely. The approach of meeting in person at a location, where one party hands over physical currency while the other verifies its authenticity, and then proceeding to transfer cryptocurrency via mobile phone, raises several red flags. One cannot be certain of the counterparty's genuine intent to exchange cash for crypto, and the process itself seems unconventional for multiple reasons.
Another option involves creating an AdvCash account, though it's worth noting that AdvCash still involves KYC verification. Despite this, among the KYC-compliant options, it is perceived as one of the more dubious choices. It necessitates obtaining an international card, entails fees, and associates your name with the account.
A final alternative I came across entails establishing an LLC in Delaware. The process would involve transferring the 20,000 USD to Kraken, subsequently funneling it into a bank account, and finally withdrawing funds through an ATM card. This method appears to be the most secure in my perspective; however, uncertainties remain regarding its overall effectiveness.
I'm open to any insights or recommendations you might have. It's important to note that the stored cryptocurrency has been subject to various transactions over the years, making it challenging to simply deposit it into an account and proceed with withdrawals.
I am currently seeking to convert 20,000€ worth of cryptocurrency stored in cold wallet, in CASH without undergoing KYC procedures. I'm encountering difficulties in finding a suitable solution. While browsing various forums, I came across individuals who are open to exchanging this amount for a variable percentage ranging from 1 to 7 percent.
The primary concern lies in executing the transaction securely. The approach of meeting in person at a location, where one party hands over physical currency while the other verifies its authenticity, and then proceeding to transfer cryptocurrency via mobile phone, raises several red flags. One cannot be certain of the counterparty's genuine intent to exchange cash for crypto, and the process itself seems unconventional for multiple reasons.
Another option involves creating an AdvCash account, though it's worth noting that AdvCash still involves KYC verification. Despite this, among the KYC-compliant options, it is perceived as one of the more dubious choices. It necessitates obtaining an international card, entails fees, and associates your name with the account.
A final alternative I came across entails establishing an LLC in Delaware. The process would involve transferring the 20,000 USD to Kraken, subsequently funneling it into a bank account, and finally withdrawing funds through an ATM card. This method appears to be the most secure in my perspective; however, uncertainties remain regarding its overall effectiveness.
I'm open to any insights or recommendations you might have. It's important to note that the stored cryptocurrency has been subject to various transactions over the years, making it challenging to simply deposit it into an account and proceed with withdrawals.
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