How to buy crypto using mercury.com

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R

reviac

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Sep 3, 2023
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I'm using mecury.com as banking service for my LLC. Is it safe to wire money from mecury.com to my personal account on kraken.com? I don't want to get flagged or have my account disabled.
FYI, I tried using the debit card, but transactions always fail, nothing show-up on my mercury.com dashboard. Is mercury.com really crypto friendly?

For everyone using mercury.com, how do you buy crypto?
 
So you need to setup a business account on kraken.com and it's all good? Also don't mind me, but from where did you get this information?
 
@JohnnyDoe
A quick question for you Sir , when you're filling your tax forms for the llc , money sent to kraken is considered as money paid to yourself ? Correct ?

Thank you
 
Usually transfer from kraken to any EMI allowing crypto from exchanges are going smooth for me. Never got asked anything.

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EliasIT said:
EliasIT said:
Usually transfer from kraken to any EMI allowing crypto from exchanges are going smooth for me. Never got asked anything.
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Yes, I've already moved money from Mercury to Kraken business account using Wire transfer. Very smooth, not questions.

One small note to be aware of for ppl reading this, is to not wire the same amount multiple times, because then Kraken system will flag it as "duplicate" and you'd have to contact support to add the funds to your account.
 
Kraken is the most reliable service I ever have been using for the last 5 years. Nothing can compare to them. The support, the smooth process, just everything is cool with this company!
 
JohnnyDoe said:
JohnnyDoe said:
No, the money is just transferred to another account belonging to the LLC.
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Hey Johnny, if we have different branches of the company in different countries, can we transfer big wires between each other? Mainly from my US LLC to my branch in home country, the company name is exactly same.

Thank you
 
moneyGeek said:
moneyGeek said:
Hey Johnny, if we have different branches of the company in different countries, can we transfer big wires between each other? Mainly from my US LLC to my branch in home country, the company name is exactly same.

Thank you
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If it's really a branch and you can justify the transfer with the banks, no problem.
If it's just a different company with the same name, you need to be careful with this old trick 😉

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JohnnyDoe said:
JohnnyDoe said:
If it's really a branch and you can justify the transfer with the banks, no problem.
If it's just a different company with the same name, you need to be careful with this old trick 😉
Click to expand...
Click to expand...
Technically they're different companies with the same name, same owner.

Also, if you can shed a light on any service that helps to establish new branches in different country for our US LLC? I'm super newbie in this, sorry for these silly questions.
 
out of curiosity - how much you guys transferring from mercury to kraken?
wondering from which amount they would start questioning...
 
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