Buy Crypto to cash

[HajHajime]

Hi everyone. I realy need help to understand it. I need to withdraw like 10k$ per month from my XMR or BTC wallet. What is the easiest way to do this? I think about to buy PayPall account or smth but mb i'm wrong. Ofc it's have to be very anonymously and with no any tracing to me

 

[Osmosis Vanderwaal]

O don't know but I know it isn't PayPal those guys are assholes if you are a business. When I used to run a business that used PayPal take credit cards and to accept money on behalf of my business, they would lock my account about every week and harass me about what exactly people were buying from me and if there was a dispute they just took my money and gave it back without even mentioning it or giving me a chance to arbitrate.

 

[idlewild]

Yeah I'm not even a seller, I just use it for a couplef friends and one morning after a single transaction they completely locked, couldn't touch my balance and probably never would. I have to give them helll nonstop for 24 hours and finally when I brought up the Better Business Bureau they cracked and let me in. Never touching them again

 

[2-79-790125]

if we are talking PayPal..........if they smell even the slightest whiff of something off, they (PayPal) will lock your account from any crypto transactions for 3 days. If on day 2 and 12 hours, you try transact again, that resets the clock and locked again for 3 days. I use PayPal for all my "know your customer" above board, not anonymous stuff. Like don't even bother with a vpn. Why PayPal? Force of habit, plus they make things really easy. You want a fucking challenge, setup a Monero wallet from the official Monero website. I felt like James Fucking Bond after setting that up. I love drugs and chemistry. I absolutely fucking hate having to deal with VPN, tor, cryptography, PGP keys blah blah blah.............but GOT TO DO IT

 

[miner21]

Have you looked at local monero yet?

 

[HajHajime]

Yea. But is it safe enough?

 

[idlewild]

I'm far from an expert so take this with a big grain of salt, but I think the draw of XMR is it's security (and dirt cheap transaction fees, I seriously paid 2 pennies today to send some). A lot of vendors have started offering it and prefer it to Bitcoin. Sorry I can't give you the specifics as to why it's better.

 

[miner21]

Uunfortunately localmonero has shut its doors and closed since I posted the.

An alternative is to you an exchange of your choice, but a coin with low transaction fees (litecoin is good) then send it to cake wallet and do your exchange there. Its pretty simple wallet & exchange platform

 

[darkpsychotherapy]

Update to this older thread if anyone else finds it... localmonero has been resurrected and brought back as openmonero.co so check them out. As for trustworthy, the seller must basically deposit an amount greater than they will be trading in to the site. When a transaction begins the site automatically locks an amount of their deposit equal to the amount being traded. If the seller decides to run off with your money then the site will simply release the locked up funds to you preventing a problem with getting scammed. Also, there are some constant regulars. When you start looking to initiate a transaction with someone who already has 22,138 successfully completed transactions andd a 100% track record..... well there are no guarantees in life, but I know I feel comfortable dealing with them. Besides, the spread that they are profitting off of makes it far more beneficial to remain a trustworthy seller. A single transaction may cost you $7-12 over market rate but you get a no kyc transaction and the seller is busy racking up those transaction fees all day long on both ends of the field. He will sell you monero for a profit with whatever your preferred payment method is, and he will also buy monero or btc on the other end each time raking in the profits.... Damn, sounds like I should just invest $5K into crypto holdings and trade for no kyc profit... While I'm sure the powers that be are already devising ways to make it a crime, I'm pretty sure there are no current laws that require me as a personal transaction to collect or verify identification, and no laws as of yet preventing me from conducting multiple small transactions in which I begin to acquire a significant profit regularily....which I would unfortunately find too difficult to maintain accurate ongoing records of due to the constantly fluxuating value of several different currencies, transaction fees, forgetfulness, and general apathy towards governmental efforts to try and regulate my personal affiars....

damn this ADHD, always end up off the rails rambling about something without a clue how I managed to get there most of the time.... with that being said...

there is also some promising services offered by the changeNOW and the half dozen related apps like NOW Wallet, NOW tracker, etc. and the ability to perform certain amounts of no kyc trades on their network for a minor transaction fee. I have used ChangeNOW and Changelly a number of times to convert BTC to Monero without having to provide my entire life history in order to conduct my business with them. Hell, you don't even need to make an account, simply a matter of providing your receiving address and amount and type of crypto to exchange followed by initiating a transfer to the address they provide you after accepting the terms.

OK, that's my limit for the day... I need to try and get some other things accomplished.

 

[Osmosis Vanderwaal]

Fairly close, if a seller decides to run off with your money, he quickly realizes that's stupid, because he doesn't have your money, and he can't steal it touch it look at it or do anything, because they don't get it until you push "finalize". DON'T GO TO TELEGRAM OR SESSION TO DO A DEAL they will try that because they want to steal your money. Paying 5% insurance to never get ripped off again is worth every penny