Mister Tango and Bitstamp, how did it work back in 2020 anyone knows?

[EliasIT]

About 5-6 years ago, I had a Mister Tango account where I received crypto payments for certain services, and then converted them directly to EURO.

As I remember it, the process worked such that, for example, if you received 1000 EUR in BTC, it would land on a Bitstamp account running in the background, which as a Mister Tango customer, you did not have access to. Bitstamp would then exchange the received crypto to EURO if you selected that currency and make it available on your Mister Tango account and card.

Is this still the case today, or is Bitstamp now exclusively a trading platform? They advertised here on OCT last year for a short period, but otherwise, I haven't heard much about them.

Mister Tango, as an EMI, is also not discussed much here on OCT. Does no one use them anymore?

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[polonieth]

EliasIT said:
About 5-6 years ago, I had a Mister Tango account where I received crypto payments for certain services, and then converted them directly to EURO.

As I remember it, the process worked such that, for example, if you received 1000 EUR in BTC, it would land on a Bitstamp account running in the background, which as a Mister Tango customer, you did not have access to. Bitstamp would then exchange the received crypto to EURO if you selected that currency and make it available on your Mister Tango account and card.

Is this still the case today, or is Bitstamp now exclusively a trading platform? They advertised here on OCT last year for a short period, but otherwise, I haven't heard much about them.

Mister Tango, as an EMI, is also not discussed much here on OCT. Does no one use them anymore?
Click to expand...

I think Mickey Tango went the way of most EMI's in Lithuania - starts fairly lax, gets fined, and then becomes far more stringent in terms of KYC / AML / Account management fees to the point it becomes almost unusable. I remember using their debit card all the time in Europe and moving funds there from some exchanges, it worked great, then it went through some weird changes with account fees and it just fell off.

 

[MartyyByrde]

Hi, was using a lot MisterTango

Nowadays, is more harder, and tight. They made it harder on AML, fees are beyond reasonable (they take fees on deposit!!) and barely any liquidity on their btc-exchange ( they maybe mirror replica binance/bitstamp book maybe)

Wouldnt advise it, their golden age is behind. There is plenty of platform where you can receive payment crypto, change it to fiat and withdraw it

 

[tacokai]

EliasIT said:
About 5-6 years ago, I had a Mister Tango account where I received crypto payments for certain services, and then converted them directly to EURO.

As I remember it, the process worked such that, for example, if you received 1000 EUR in BTC, it would land on a Bitstamp account running in the background, which as a Mister Tango customer, you did not have access to. Bitstamp would then exchange the received crypto to EURO if you selected that currency and make it available on your Mister Tango account and card.

Is this still the case today, or is Bitstamp now exclusively a trading platform? They advertised here on OCT last year for a short period, but otherwise, I haven't heard much about them.

Mister Tango, as an EMI, is also not discussed much here on OCT. Does no one use them anymore?
Click to expand...

That's always been nothing more than two platforms working together, both of them far less useful compared to so many other EMIs and crypto exchanges out there.

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[EliasIT]

That would also mean that you can see exactly how crypto came in and how fast it was converted to FIAT right ?

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If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.

 

[Marie Manila]

I was a MisterTango customer for a long time (also in 2020).
At least for my personal account, the coins were processed by BTC-Exchange / Bitmarket.lt.
I never heard that they had a cooperation with Bitstamp.