from crypto to interactivebroker

[lonizzita]

Hi,
what banks do you recommend for me to transfer from crypto to FIAT,
and then transfer to interactivebroker, without having problems
thank you

 

[ActionMan]

You've got to go the P2P/OTC route for this one.

for banks, you have lloyds‌ For UK COs, Hang Seng HK (if you have a HK company) or OCBC (if‍ you have a singaporean company) and ADIB (if you have a UAE entity).

 

[RobertNozick]

Until yesterday you could've deposited crypto on TradeStation, bought stocks and ACATS-transferred the shares to‌ IBKR.
Unfortunately they just shut down their crypto business and now I need an alternative‍ too.

 

[Bill D]

Does IBKR allows you to onboard when you have⁠ crypto SOF ? (on the wealth questionnaire)

 

[RobertNozick]

Yes I was asked to send them the‍ screenshot of my crypto exchange balances (it was FTX lol).

 

[Mercury]

As they onboarded you knowing with proof‍ your income comes from crypto, aren't you able to wire transfer Fiat money to IBKR⁠ directly from crypto platforms?

 

[RobertNozick]

IBKR doesn't support third party deposits.

 

[Mercury]

Indeed, but some crypto‌ platforms offer personal IBAN.
Nexo for instance offer a Personal EUR Bank Account, maybe it‍ worths a try.

 

[TheCryptoAnt]

I tried this but they only process 1st party outs (so,‍ to your own name), sadly.

 

[JimBeam]

To bad it's discontinued!