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).

Toggle signature

One-Stop Solutions​

Payment Processing ✓ | Offshore Bank Accounts ✓ | â‚¿ Crypto On-Off Ramping Services ✓ | High-Risk Industries ✓​

Let's connect: DM me on Telegram HERE

Russian, LATAM and MENA : SBP, Visa/MasterCard/JCB/MIR?/wallets available | local OTC/e-wallets available per request.​

 

[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]

RobertNozick said:
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.
Click to expand...

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

 

[RobertNozick]

Bill D said:
Does IBKR allows you to onboard when you have crypto SOF ? (on the wealth questionnaire)
Click to expand...

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

 

[Mercury]

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

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]

Mercury said:
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?
Click to expand...

IBKR doesn't support third party deposits.

 

[Mercury]

RobertNozick said:
IBKR doesn't support third party deposits.
Click to expand...

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

 

[TheCryptoAnt]

Mercury said:
Nexo for instance offer a Personal EUR Bank Account, maybe it worths a try.
Click to expand...

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

 

[JimBeam]

RobertNozick said:
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.
Click to expand...

To bad it's discontinued!