Methods to get from TW to crypto exchange

[taddeus]

I have a USD borderless account with Transferwise and I'm trying to get it into an exchange. So far, I have tried (and failed) to deposit (fiat) to Paxos, Kraken, Bitstamp, Bittrex to no avail. Ideally I would like to do a fiat USD deposit to an exchange.

Any thoughts? I'm not based in the UK/ USA and I don't have a Revolut account.

 

[nomad999]

Can you expand a bit on what has failed more precisely ?

 

[taddeus]

Paxos - doesn't process deposits from payment processors. TW payment completed. Paxos rejected and returned‌ funds.
Rest - TW blocks transfer during the transfer process (ie TW doesn't allow the‍ payment to even be sent, there's a blacklist which prevents the user from completing the⁠ transfer order)

Ideally I would like to avoid p2p (hodl or localbtc) as there's a⁤ 2.5% charge.

 

[nomad999]

Thx for the feedback, very interesting.

Give a bit more details on your context, surely‌ someone should be able to help you get a bank account somewhere.

 

[taddeus]

Well, I'm not based anywhere around Europe or North America. Ideally I would like to‌ open a "normal" bank account in the US and then move fiat to crypto in‍ USD. Otherwise, I'll need to convert USD to XXX currency, which isn't the best option.⁠ Have quite a few grand to move to crypto so looking at the most economical⁤ option.

My destination is Binance.

 

[nomad999]

Maybe try a suisse based crypto exchange, their banking partner might not be blacklisted or‌ even considered as crypto business.
Did you try binance fiat deposit through visa/mastercard ?

Edit : Nevermind, missed the low fees requirements

 

[taddeus]

Any Swiss based exchanges that‍ come to mind? Reputable please

 

[Spinat]

have you looked into kraken ? and simply withdraw your money to your current bank‌ account maybe?

 

[taddeus]

Looking at fiat to crypto and not crypto to fiat. Also I don't have a‌ USB bank account, so I can't do TW --> US bank --> Kraken

 

[JohnLocke]

fiat to crypto works also with kraken!

Another option is AdvCash works perfect for this‌ purpose.

 

[nomad999]

Bitcoinsuisse, bity, lykk
Would consider those legit, maybe check that they are regulated by FINMA‍

 

[happyjohn]

How about German Bank Account with Crypto Features - Bitwala which has been discussed many‌ times at the forum already?

 

[nomad999]

EU resident only unfortunately...

 

[JohnSeed]

What's wrong with kraken or Bitcoin Suisse – Pioneering Crypto-Financial Services both are well recognized‌ in the industry and doing great. Mister Tango could be some sort of alternative.

 

[taddeus]

Has anyone tried bitcoin suisse with a TW borderless account?

 

[Bandito]

No, but I'm 99% sure it'll work.

Bitcoin Suisse doesn't have the same volume as‌ the other exchanges.

 

[taddeus]

let me go through the process at bitcoin suisse. it might get flagged at TW‌ if the registered entity has "Bitcoin" in it

 

[nomad999]

yeah actually‍ good point. Check my recent post on swissquote, perhaps something there.
https://www.offshorecorptalk.com/threads/cashing-out-bitcoin-through-swissquote.28182/

 

[DGTLOTC]

You really are not helping yourself by trying to do this with USD
USD has‌ to go via intermediaries - need we go into the problems faced by USD transactions‍ these days let alone being linked to crypto

 

[CryptoTrader87]

Get an account with Bitcoin Suisse or Swissquote. The latter is very good.