Convert cryptocurrencies to Fíat and use the card for payments. With Bitwala you can then transfer from exchange, but Advcash must be transfer from an account in your name, you can only send cryptocurrencies, with Bitwala cryptocurrencies and fiat from exchange
BitWala
- Thread starter Milky Moon
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@Martin Everson What do you think about Advcash and Bitwala for crypto ? Or you know a better solution for a European resident ?
Thank you
Thank you
Never used either. You can use the multitude of crypto card companies that are around if your an EU resident..i.e wirexapp etc. There is thread on the whole EMI crypto subject if you search forum.
I guess Crypto.com will be your cup of tea: personal IBAN, integrate buy/sell/swap without markups, card, much more.
I started a BitWala account. They had a long process of KYC with IDnow (photo of my passport again and again, even with flash).
Now they're asking my personal tax number, and I haven't even started using them.
Am I the only one that I'm sensing trouble if I try to convert crypto to Fiat from there (I was planning to use their card for some expenses in Europe / small ATM withdrawals)
Now they're asking my personal tax number, and I haven't even started using them.
Am I the only one that I'm sensing trouble if I try to convert crypto to Fiat from there (I was planning to use their card for some expenses in Europe / small ATM withdrawals)
Use AdvCash if it is small amounts and you need a Visa card for your crypto. They are very easy to apply for and reliable.
So what do you do when you trade the bitcoins back to fiat to your domestic bank account? Just report those as income to the tax office? That's a huge loss right there. I don't know. I personally want to invest in real estate. It also seems like a hassle to prove where the funds came from, especially if you have many sources of bitcoin income. Banks are a pain in the a*s. f*****s force you to loan their fiat money and take a fee for it, while you have to explain every god damn cent you earned with hard work.
They closed my account, I had zero balance there anyways and didn't plan using them.
Basically very very bad experience, perhaps they started with good intention and then turned into some sort of KYC/AML/FATCA/GATCA/CRS/4AMLD/5AMLD bulls**t. I see zero sense in using something like Bitwala, it only adds an extra annoying step and no benefits.
Basically very very bad experience, perhaps they started with good intention and then turned into some sort of KYC/AML/FATCA/GATCA/CRS/4AMLD/5AMLD bulls**t. I see zero sense in using something like Bitwala, it only adds an extra annoying step and no benefits.
I believe that is true and how it is. Anyway, when I look closer through the website they seem to offer the exact same thing as Transferwise, AdvCash, Mister Tango and so forth.
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