Transferwise to Crypto

[hdloader11]

I'm getting a decent amount of money to my Transferwise account, and I want to turn these into crypto and withdraw it to my wallet. Since sending money to crypto exchanges is prohibited, I'm trying to figure out some alternative solutions.

Currently I'm thinking of sending the money to my Swissquote account, buying crypto there and then withdrawing to my wallet. This will incur about 1% fee due to very high Swissquote fees.

Are there more economical ways to go about this?

 

[cuno]

You can send it to AdvCash, Spectrocoin or similar services. All crypto friendly.

 

[CyprusLawyer101]

OTC Desks could work for this

 

[bilderberger]

I am banking with another bank that also doesn't allow crypto transactions, but was able to buy into crypto using LocalBitcoins. Basically you're buying p2p and paying into private individuals or company accounts. As long as you pick counter parties who are not known crypto businesses (like spectrocoin for example, who are active on LocalBitcoins) then you should be fine.

 

[Novice]

CyprusLawyer101 said:
OTC Desks could work for this
Click to expand...

Examples please?

I'm in the same situation and I'd love to find out a secure way that would receive funds from a US LLC via local bank transfers for crypto. (USDT mainly)

 

[AreebMasood]

Be very careful while holding good sums of money at transferwise. They have a terribly bad reputation for closing accounts and holding funds indefinitely. I am struggling to recover the withheld funds currently. You can read many horror stories on "Wise Scam Victims" an FB group.

 

[CyprusLawyer101]

Novice said:
Examples please?

I'm in the same situation and I'd love to find out a secure way that would receive funds from a US LLC via local bank transfers for crypto. (USDT mainly)
Click to expand...

There are banks out there willing to convert your cryptos to fiat in an "over the counter" transaction and deposit your fiat in an account ti be opened with them. Thereafter funds can be transferred out normally. If you are interested I can PM you for discussing further.

 

[AreebMasood]

CyprusLawyer101 said:
There are banks out there willing to convert your cryptos to fiat in an "over the counter" transaction and deposit your fiat in an account ti be opened with them. Thereafter funds can be transferred out normally. If you are interested I can PM you for discussing further.
Click to expand...

I am interested in getting the details. Please share!

 

[Ceosam]

CyprusLawyer101 said:
There are banks out there willing to convert your cryptos to fiat in an "over the counter" transaction and deposit your fiat in an account ti be opened with them. Thereafter funds can be transferred out normally. If you are interested I can PM you for discussing further.
Click to expand...

I am also interested, please PM.

 

[JohnnyDoe]

CyprusLawyer101 said:
There are banks out there willing to convert your cryptos to fiat in an "over the counter" transaction and deposit your fiat in an account ti be opened with them. Thereafter funds can be transferred out normally. If you are interested I can PM you for discussing further.
Click to expand...

Rockwell Trading is a OTC broker that does exactly that, and at very good rates. Highly recommended.

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

 

[cuno]

CyprusLawyer101 said:
There are banks out there willing to convert your cryptos to fiat in an "over the counter" transaction and deposit your fiat in an account ti be opened with them. Thereafter funds can be transferred out normally. If you are interested I can PM you for discussing further.
Click to expand...

what bank is it, please PM me, thanks

JohnnyDoe said:
Rockwell Trading
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you mean these fellows
https://www.rockwelltrading.com
Where can you go to them and deliver your cash at the counter?

 

[JohnnyDoe]

cuno said:
you mean these fellows
https://www.rockwelltrading.com
Where can you go to them and deliver your cash at the counter?
Click to expand...

no cash at the counter LOL
For that sort of deals you have to follow other routes. I can advise.

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

 

[AreebMasood]

JohnnyDoe said:
For that sort of deals you have to follow other routes. I can advise.
Click to expand...

I am keen to know more. What's the best way to reach out to you?

 

[JohnnyDoe]

AreebMasood said:
I am keen to know more. What's the best way to reach out to you?
Click to expand...

PM

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

 

[HoneyBoo]

hdloader11 said:
I'm getting a decent amount of money to my Transferwise account, and I want to turn these into crypto and withdraw it to my wallet. Since sending money to crypto exchanges is prohibited, I'm trying to figure out some alternative solutions.

Currently I'm thinking of sending the money to my Swissquote account, buying crypto there and then withdrawing to my wallet. This will incur about 1% fee due to very high Swissquote fees.

Are there more economical ways to go about this?
Click to expand...

Use our services, get your personal USD account, fund with Wise (ACH - regular transfer), and convert to BTC or USDt that you can withdraw to your personal wallet.

You can also just fund your account with us using Wise, no user reported issues with it yet.

 

[EliasIT]

How old is your service @menzu ? why would we trust you?

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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.

 

[HoneyBoo]

EliasIT said:
How old is your service @menzu ? why would we trust you?
Click to expand...

Hey there EliasIT,

We have been offering our services for a few months now, we do not expect to trust us, reputable firms have been collapsing left and right, 3 Arrow Capital, Celsuis, Voyager and a lot more.

We are a US Company, we have to meet standards when it comes to the service we provide, USD accounts are issued by a national US Bank, same for the visa cards - we can't act or transact on behalf of users.

Our markets are competitive, spread is thin and you can fill-out large orders without much slippage, we process transaction and settle on daily basis.

If you have any specific question, I would be happy to dig deeper.

 

[Moneydoesnotsleep]

menzu said:
Use our services, get your personal USD account, fund with Wise (ACH - regular transfer), and convert to BTC or USDt that you can withdraw to your personal wallet.

You can also just fund your account with us using Wise, no user reported issues with it yet.
Click to expand...

Hello!
Can you open an account for us - a United Arab Emirates company? If yes, we may transfer to your account from our PayPal and exchange to USDT.
Please let us know about that.

All the best!

 

[HoneyBoo]

Hello,

We can open personal accounts for you, we are developing our business banking capabilities, it's currently available for US entities only but as a startup who progress fast, we'll focus on markets like Oil rich countries and big import/export nations.


You can :
1 - link your paypal account to your Sifr USD Bank account or Sifr visa card.
2- transfer Paypal > Sifr.
3- convert USD >> USDT and withdraw to your address.

Hope this helps.

 

[AreebMasood]

menzu said:
We can open personal accounts for you, we are developing our business banking capabilities, it's currently available for US entities only but as a startup who progress fast, we'll focus on markets like Oil rich countries and big import/export nations.
Click to expand...

Signed up. Gonna test it as it gets approved 🙂