crypto to fiat, when banks are lowering their stance against crypto?

[extremedox101]

hello guys

i need someone to think with me ... what some convenient ways to transfer money from crypto-exchange to local bank account?

if

1. banks are during early stage of legal switch but new laws isn't shaped so far specially for individuals.

2. i don't do p2p such localbitcoin as there are many scams/stressful trades etc , i'm thinking of crypto exchange like kraken with international clients but the point here is that the bank should not see i'm receiving from crypto exchange at least when it's very obvious from "sender name" CEX ,BITSTAMP etc .

so this will make me ask which crypto exchanges sending via Intermediate services/banks accounts? or crypto not their entire product ...

3. if it would have been possible i would just get bitcoin debit card and withdraw via atm but at the moment i know paycent only (no point of using it) , the rest are US or EEA cards .

size of transfers are not big btw , all clean and no tax problems .

thanks

 

[Martin Everson]

Can you check if Naga will accept your non-EEA country and also issue you a‌ debit card. Then transfer in bitcoin and cash out in fiat by card.

https://naga.com/card
Don't waste your time disguising source of funds if bank does not like crypto.

 

[extremedox101]

looks good , thanks !

 

[extremedox101]

anyone have idea for fintech like revolut instead of crypto exchange?its hard to trust emi/fintech‌ though in the process of cashing out...

 

[Frederic]

I recently discovered Bity.com who exchanges up to 5k without KYC. But still, am searching‌ for other solutions. For all these debit cards I highly suggest to convert small amounts‍ only. Personally, I am switching to another card once I am in the 9k area⁠ of overall conversions. I believe 20k is a magical reporting barrier - at least this⁤ is what I have been told for companies like Coinbase, PayPal etc do reporting once⁣ you hit this area. Can somebody confirm this=

 

[Martin Everson]

Lower amounts is always better when it comes to BTC to fiat exchanging. Frederic is‌ correct i.e just because your car has a 7000rpm red line does not mean you‍ can drive around in it all day at 7000rpm and not get problems at some⁠ point 😉. Better to burn through dozens of EMI cards with very low amounts than⁤ to find where the limits are for getting on their radar.

 

[Frederic]

It is about fiat exit, which binance itself doesnt offer. Only binance Jersey which requires‌ kyc.

 

[extremedox101]

interesting, yes i know a‍ bit about about bisq ...it's p2p like lbc minus the kyc right ?

 

[extremedox101]

great find⁢ , btw i don't want to avoid kyc if site legit/reasonable , advcash cards will︀ launch soon (btc>fiat) maybe they will have higher limits .

 

[extremedox101]

good plan but painful .

 

[Martin Everson]

No pain no gain 😀

 

[Delaney]

I was eyeing an alternative to Mister Tango,
So far they was sitting on a monopoly,︅ but it seem a under radar project called Aidos Kuneen got 4 Banks and will︆ allow to Buy/Sell Crypto on a Non AEOI/CRS country, with SEPA/SWIFT, they will work mostly︇ like Tango except that you will need to pay the opening fees with them Anon︈ coins. Worth to keep under hands

 

[Btcmerich]

I was one⁣ of the first to talk about ADK project and their banking on another forum (⁢ do not know if allowed to say what forum ). The did buy 1 Bank︀ in Kenya and 1 bank in Tanzania 2 years ago but it seems things are︁ going very slow on that front. But they also started the process of a E︂ bank in Lithuania in 2019 . It is called Payrico :

https://rekvizitai.vz.lt/en/company/fintech_konsultacijos/
So it seems︃ it will be Bank much like Mister Tango. According to Twitter and ADK telegram Payrico︄ will be crypto friendly with remote bank account opening. I think they are in final︅ stages of getting their license.

I am looking forward to their service and if they︆ are like Mister Tango with less bulls**t it will for sure be a hit

 

[JohnLocke]

Thank you for not violating the forum rules thu&¤#

 

[Btcmerich]

will do‌ my best to keep it that way 😎. Sorry for OT but I did send‍ message via " contact us " as I have issue with account upgrade payment

 

[Delaney]

Hello Btcmerich,

Apologies for the late answer, as︃ I’m not often online.
I was believing to be the only one here eyeing this︄ « under radar project », glad to hear these informations.
Well, let’s hope Payrico open︅ ASAP as it’s my only hope right now for my business regarding crypto / fiat︆ gateway.

 

[uplana]

Did any of you came the initial question closed with a alternative to an EMI‌ or simply a reliable EMI ?