Question Binance P2P and Wise

[misto111]

Hello guys,

I'm doing P2P trading on Binance using wise, recently the payment I am receiving need to do some checks before Wise send the payment to me,
they are not asking me for more detail yet. got a few transctions and around 10k-20k gbp before. Is this the reason they need to run some checks on my account?
Is that the sign of my account will be freeze/ ban soon? I am based in UK.

Thanks,

 

[JohnnyDoe]

misto111 said:
Hello guys,

I'm doing P2P trading on Binance using wise, recently the payment I am receiving need to do some checks before Wise send the payment to me,
they are not asking me for more detail yet. got a few transctions and around 10k-20k gbp before. Is this the reason they need to run some checks on my account?
Is that the sign of my account will be freeze/ ban soon? I am based in UK.

Thanks,
Click to expand...

You need to create fake invoices/contracts that are consistent with the initial declared use of the wise account and the past use of it. Do not mention crypto.

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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[misto111]

JohnnyDoe said:
You need to create fake invoices/contracts that are consistent with the initial declared use of the wise account and the past use of it. Do not mention crypto.
Click to expand...

Thanks for the advice! none of the transaction on wise mention any sensitive word, I've been wondering how other seller use wise to take payment in such high volume lol.

 

[JohnnyDoe]

misto111 said:
Thanks for the advice! none of the transaction on wise mention any sensitive word, I've been wondering how other seller use wise to take payment in such high volume lol.
Click to expand...

Just make it credible, and remember that eventually wise will close your account anyway, as it does with everyone.

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[misto111]

JohnnyDoe said:
Just make it credible, and remember that eventually wise will close your account anyway, as it does with everyone.
Click to expand...

Thanks!

 

[JamesDonkey]

JohnnyDoe said:
You need to create fake invoices/contracts that are consistent with the initial declared use of the wise account and the past use of it. Do not mention crypto.
Click to expand...

I might need that down the road.

How to fake invoices or contracts? Who would be your clients in those invoices? Individuals or companies?


If individuals then you'll fake their names and addresses too. That is, you'll generate them via any online service.

But you won't be able to generate the name of the companies and the fact that they were clients because that'd be easier to spot. Therefore, one would go with the "individuals" option.

Right?

 

[JohnnyDoe]

JamesDonkey said:
I might need that down the road.

How to fake invoices or contracts? Who would be your clients in those invoices? Individuals or companies?

If individuals then you'll fake their names and addresses too, right?
But you won't be able the name of the companies because that'd be easier to spot.
Click to expand...

The contracts/invoices must be between the subjects that exchange money (sender and receiver). If you don't know how to do it, hire someone who does or avoid trying to do it, otherwise you will probably have serious troubles.

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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[JamesDonkey]

JohnnyDoe said:
The contracts/invoices must be between the subjects that exchange money (sender and receiver). If you don't know how to do it, hire someone who does or avoid trying to do it, otherwise you will probably have serious troubles.
Click to expand...

My potensial serious trouble isn't your concern. Explain how to, or don't give advice.

 

[AMD]

I'm almost certain, the two websites here https://www.offshorecorptalk.com/resources/categories/other-services.11/ are what will solve your problem. I'm not allowed to publish mentor group stuff here, or do I ? it's worth it.

 

[madbull]

misto111 said:
Hello guys,

I'm doing P2P trading on Binance using wise, recently the payment I am receiving need to do some checks before Wise send the payment to me,
they are not asking me for more detail yet. got a few transctions and around 10k-20k gbp before. Is this the reason they need to run some checks on my account?
Is that the sign of my account will be freeze/ ban soon? I am based in UK.

Thanks,
Click to expand...

Hi Mate,

How was your further overall experience with Wise. I am on the same road of using Wise for Binance P2P. I have applied for account opening on Wise. Primarily I am going to use it for P2P transactions. Curious to know how was your experience?

 

[5K1PP3R]

so how is it going? I suppose you can't use Wise personal for business so the only road in terms of invoices is to invent something like "buying electronics"?

Last edited: Aug 23, 2023

 

[NgonBoRe]

madbull said:
Hi Mate,

How was your further overall experience with Wise. I am on the same road of using Wise for Binance P2P. I have applied for account opening on Wise. Primarily I am going to use it for P2P transactions. Curious to know how was your experience?
Click to expand...

Wise is ok for a while ( 1 or 2 weeks) if you use under 20k/day.

Until you reach total volume about 200k... they will have some questions. Both sender and reciever .

Then ..boom... acc locked. Your money stuck there waitting for relase.. usually take 1 to 4 weeks ( in my cases with 2 personal accounts)

 

[5K1PP3R]

NgonBoRe said:
Wise is ok for a while ( 1 or 2 weeks) if you use under 20k/day.

Until you reach total volume about 200k... they will have some questions. Both sender and reciever .

Then ..boom... acc locked. Your money stuck there waitting for relase.. usually take 1 to 4 weeks ( in my cases with 2 personal accounts)
Click to expand...

if I want to only buy crypto via a personal account from p2p sellers, are there safe limit? say 50k per month? Or it doesn't matter, anyway the stories of buyer and seller won't match so they close accounts?

 

[NgonBoRe]

5K1PP3R said:
if I want to only buy crypto via a personal account from p2p sellers, are there safe limit? say 50k per month? Or it doesn't matter, anyway the stories of buyer and seller won't match so they close accounts?
Click to expand...

Im not sure. But i THINK you should keeps each transaction under 8k $. Few payments per month.

Anh yes, if they asking both sender and reciever about reason for the payment and got 2 differents answer from both.. then it is big redflags .... account will suspend soon .

Try not to deal with professional p2p merchants . Make yourself buying or selling ads to find normal user ( their wise account not frequently trading )

 

[5K1PP3R]

NgonBoRe said:
Im not sure. But i THINK you should keeps each transaction under 8k $. Few payments per month.

Anh yes, if they asking both sender and reciever about reason for the payment and got 2 differents answer from both.. then it is big redflags .... account will suspend soon .

Try not to deal with professional p2p merchants . Make yourself buying or selling ads to find normal user ( their wise account not frequently trading )
Click to expand...

thanks bro.
When they freeze account where can you withdraw the balance? Only to your other personal account? Or any IBAN?

Last edited: Aug 24, 2023

 

[NgonBoRe]

5K1PP3R said:
thanks bro.
When they freeze account where can you withdraw the balance? Only to your other personal account? Or any IBAN?
Click to expand...

You have to go thru an appeal process and they take some time to due diligence ( 1 to 4 weeks). After finish, Then you can submit any bank account in your name in any banks worldwide. They will tranfer your Money via SWIFT.