Convert Revolut/Transferwise to Crypto

[dirkpenton]

I need a way to transfer funds from EMI's like Revolut and Transferwise, And purchase Bitcoin.

Nearly all merchants are blocked by these 2, so you cannot purchase directly. Anyone got a working method i can use ?

Thanks

 

[speedster]

AdvCash should work...

 

[JohnLocke]

second that, AdvCash will work for this‌ purpose they are good.

 

[dirkpenton]

So upload from Revolut, to Advcash, via what? The Debit Card itself? or Sepa transfer‌

 

[JohnLocke]

Bank transfer to AdvCash or a Visa debit card both works to load the AdvCash‌ account and to buy bitcoins.

Alternative, verify a blockchain.com account and buy btc there with‍ credit card or bank transfer, works also fine.

 

[Elve]

The commissions to buy bitcoin in advcash seem very high to me and there are‌ other cheaper options.

There are platforms to buy bitcoin that provide personal IBAN such as‍ crypto.com, wirex, globitex.

Normally Transferwise and revolut will not reject your transaction if the funds⁠ are sent to an IBAN in your name.

 

[quartz911]

Is there any way to buy bitcoin with paypal? expect of local dealers ?

 

[dirkpenton]

Is there⁤ maybe a SAFE medium to use? Between Revolut and "crypto.com, wirex, globitex "

So from⁣ Revolut, Send somewhere that accepts IBAN transfers which is NOT Crypto Related, than Purchase the⁢ crypto with that?

Revolut ---> Middleman --> Crypto

 

[Elve]

Crypto.com, wirex and globitex give you a personal iban in your name to load the‌ respective accounts, there is no need for an intermediary. A personal Iban is not necessarily‍ related to crypto.

Revolut ----> To your personnal IBAN in your name (your crypto.com, wirex⁠ or globitex account is loading automatically).

 

[quartz911]

Is it will be⁤ problem with CRS report ?

 

[keggo]

You can buy bitcoin on wirex via your transferwise debit card. Havent tried big amounts‌ though.

You can also transfer the money to an epayments bank account and exchange the‍ money directly to bitcoin. However, the fee is higher than on wirex or other platforms.⁠

 

[georgio]

Why not sending directly the amount of money to the crypto exchanges? You will get‌ reported? I have done it till now only for smaller amounts of money. I guess‍ the issue would be if you cash in to the EMI some big rewards..

 

[dirkpenton]

How small are "smaller amounts" ? I guess you could, i just would rather not‌ risk the EMI accounts I hold money in, I would much rather have a new‍ one, and just use it as a middleman, just in case something happens to it.⁠

 

[Elve]

That is also a good option, but instead of buying in⁠ epayments, it is better to transfer funds from epayments to dsx.uk

You can link the⁤ epayments account with DSX

 

[JohnLocke]

Is the‌ DSX platform a trading platform or just an exchange?

 

[Elve]

What do you mean just an exchange? You link your epayments account in your‍ DSX account and you can make fiat transfers from DSX to Epayments or vice versa⁠ for free. Transfers are generally instant.

 

[avalanche]

You are unlikely to find a good deal with Paypal because‍ of their refund policies. Money changers do not like the possibility of having their Paypal⁠ transaction pulled back after they sent crypto.

 

[JohnLocke]

Okay, that was actually what⁠ I was asking for. I never tried the DSX exchange with ePayments.

There are only a lot of Russian exchange servicesthat will do it. You want⁣ to use them at your own risk. AdvCash actually has a huge list integrated in⁢ their system where it is possible to exchange forth and back as well as from︀ PayPal.

I have tested it with a small a mount on a sperated wallet (don't︁ use your main wallet) and it worked fine.

 

[georgio]

<5000$

 

[JohnLocke]

Guys EMI's are good for small amounts as discussed on this forum a lot of‌ times already. If you for some reason are unable to open a real bank account‍ somewhere then EMI's are the better alternative you just need to have more of them,⁠ not just one.