One of the most popular Google searches is how to convert crypto to cash without verification. That’s a reasonable question because P2P platforms which used to be a popular option to exchange crypto to cash have truly tough KYC procedures. To complete those, you need to provide tons of personal info and scans of one or more documents. That takes a lot of time and is also questionable from the standpoint of security.
As an alternative, you can use a crypto exchange service. Below, we’ll explain how it works on the example of AllTrust.me. It has an office in Tbilisi, Georgia and serves 32 more countries. Plus, it’s got a VASP license from the National Bank of Georgia so, it’s a safe option.
Step 1: Complete a Quick Registration on the Site
First of all, you go to the AllTrust.me website and complete the registration process. The latter is simplified to enhance user convenience so you just need to provide your name and email address. It all takes less than a minute.
Then, you will receive an email to confirm your identity. Click the verification link to activate your account. Now, your account is verified and you are good to go with your crypto to usd exchange
Step 2: Create an Online Application
Now, you can initiate the process of cryptocurrency exchange to usd. You will use the exchange calculator to estimate the sum you’ll get, see the exchange rate as well as any commission involved. AllTrust.me offers 0% commission on many exchanges or a very low commission, especially compared to crypto ATMs.
There are 21 different cryptocurrencies here available for crypto to cash conversion. Choose the one you need and the target fiat currency (either USD or GEL). To finalize the crypto to usd exchange in the office, you will need to provide your passport details online. This is crucial to ensure the security of the transaction without extensive verification.
Step 3: Receive Notification
After submitting your application, you’ll get a notification once everything is set for the exchange. This will confirm that your application is processed and you can visit the office to complete the exchange.
If you are in Georgia, the office is located in the center of Tbilisi. You can find the exact location on the website or in TG. Don’t forget to take the passport with you — you’ll need to show it to convert crypto to cash in the office.
Step 4: Visit the Office to Complete the Exchange
The final cryptocurrency exchange to usd is quick. Typically, it takes no more than 5 minutes. You just visit the AllTrust.me office with your passport, which you used in the online form. You’ll receive cash in hand or the equivalent amount transferred to your bank account as the service supports Visa transactions, too.
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To sum it up, crypto to cash exchange without verification is 100% doable. But, do perform it with a licensed service like AllTrust.me. As you’ve just seen, there’s no verification procedure but you still provide your passport number to convert crypto to cash. This is because it is a safe legal service that complies with all relevant laws and regulations. If you encounter a service that asks for no documents at all, perform diligent research before using it as it might be a scam.