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RE: Hiring 1 Developer to Build a P2P Steem/USD Gateway!
Do not use your bank account as a payment method. Instead, you use MTO and remittance services like Western Union, Moneygram, Xoom or Payoneer in order to receive and send crypto payments peer to peer.
Second is to avoid those retarded exchanges like Poloniex and Bittrex which are both government puppets.
Binance has been the exchange of choice for those small to medium volume traders with 2 BTC maximum withdrawal per day--without the need for KYC verification.
And since Steem/SBD are not listed on Binance for whatever reasons, you may want to register at Openledger or Hitbtc to exchange your Steem/SBD asset with other cryptos--no need for KYC shit.
Thank you for the helpful reply @introvertspeaks - I'm familiar with Western Union & Moneygram but once you go over a certain limit, were back to ID. Payoneer might work better for the U.S only. In the U.K they forced me to provide bank details and Gov I.D even before I made the 1st transaction and then refused to delete my account when I asked and to add insult to injury, they were nice enough to block my account so I couldn't leave, so sadly, after all of this, I had to tell them where to go... So pretty much a dictatorship just like the rest if your'e based here.
Apart from this, I've also used Paxful.com with Amazon Gift vouchers which is connected with hefty fees but Anonymous none the less .
However, I know we now have Bitcoin Atm's available with similar painful fees but still effective if you're willing to pay the price. Binance I'm def on, seems fair, & I've traded & tried to transfer to my wallets but they also have a limit on the amount you need within your account before withdrawal is allowed. Any thoughts on the conception of Atomic Swaps - Seems quite exciting! I'll def check out your other 2 suggestions though.
There are plenty of ways to get around with this actually--only that as you've pointed out it costs more than the conventional route like cryptocurrency exchange.
You may also want to use an e-currency as a bridge, like Perfect Money and fund your account with fiat via wire transfer and exchange them with various crypto asset using a gateway that supports Perfect Money. You can use the Best Change monitor to get the best price automatically.
But if your government is really implementing a maximum bank transaction cap, then you can use your PayPal account to buy Perfect Voucher online and convert them into Perfect Money with zero conversion fee. Purchasing vouchers online I guess is beyond the scope of government regulation, IMO.
I live in the Philippines, and in time if there is a buyer who is willing to buy my crypto asset using Perfect Money--I'd be willing to accept the deal.
Atomic Swap will be one of the most innovative upgrades in blockchain technology in the years to come. It has the potential to make exchanges unnecessary. But the thing is, it is only feasible for crypto-to-crypto transactions. Anything that involves fiat is still problematic.
The keyword here is to bring crypto payments into mainstream adaption--that way we could have efficient and seamless way to pay our bills.
Your'e a genius. Followed. Thank you