Bank account in EU for cashing out from Binance
- Thread starter skyper
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You can do that within binance, local bitcoins or other platforms or PM me to know about other entities that do it
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
I've used Bunq for extremely suspicious transactions regarding crypto, ATMs, and other brokers and never had an issue with them, no questions asked. Haven't done 500k, but probably close to a hundred.
When I say suspicious, I don't mean illegal, but for example, withdrawing 5k from a crypto exchange and the next 10 days withdrawing it all from ATMs.
They haven't asked for anything since I created my account. This may not work for all your funds, but it could be a start.
When I say suspicious, I don't mean illegal, but for example, withdrawing 5k from a crypto exchange and the next 10 days withdrawing it all from ATMs.
They haven't asked for anything since I created my account. This may not work for all your funds, but it could be a start.
I live in western EU.
I've seen others commenting similar things, but I personally have never had any issue. I don't even use EU-regulated exchanges and as I said, I do transactions that may be considered suspicious to other banks. Maybe the fact I opened my account in 2018 and left it dormant for 2 years helped in a way?
I've seen others commenting similar things, but I personally have never had any issue. I don't even use EU-regulated exchanges and as I said, I do transactions that may be considered suspicious to other banks. Maybe the fact I opened my account in 2018 and left it dormant for 2 years helped in a way?
I don't think leaving an account dormant is of any help.
I am very careful with my bunq account, the only crypto I did were a couple of 10k from Kraken. Everything else balance transfers from SwissBorg through Blackcatcard
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
I set up a fully verified account with Bankera a month ago and paid 0.
Unless you are talking business.
Unless you are talking business.
Gotcha.
So should one do anything money related always via a company account? Or does it depend on size of funds?
So should one do anything money related always via a company account? Or does it depend on size of funds?
Hi.
Read your explanations in the comments, there are several options:
1. use an escrow account (500k is not a large amount for an escrow) on output you will get a bank transfer from an escrow agent and not from a crypto exchange.
2. Use broker's services and you will get finances on behalf of classic broker without mentioning crypto exchange.
Both options are a bit more expensive than working with a crypto-broker. the main thing here is whether you have all the documents about the origin of crypto-assets in order. If the documents are in bad shape, it will be more expensive. the formula︀ is simple.
Read your explanations in the comments, there are several options:
1. use an escrow account (500k is not a large amount for an escrow) on output you will get a bank transfer from an escrow agent and not from a crypto exchange.
2. Use broker's services and you will get finances on behalf of classic broker without mentioning crypto exchange.
Both options are a bit more expensive than working with a crypto-broker. the main thing here is whether you have all the documents about the origin of crypto-assets in order. If the documents are in bad shape, it will be more expensive. the formula︀ is simple.
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