Topic: EU - Deposit/Withdraw from/to Fiat, best ways ...? (Read 263 times)

Perhaps the most re-occurring challenge of online players worldwide is the deposit/withdrawal limitation.

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Bank wire transfer wasn't removed. We need some time to fix it.

https://coinsbank.com has removed bank wire transfer and SEPA

Europe has been one of the continents trying to take control of the exchange and trading of bitcoin for the last few years, trying to pull traffic away from Asia. Your best bet is to look over on trusted exchanges such as localbitcoins.com as they offer many trusted users in which you can sell your bitcoin for cold hard cash. If you are planning to do this though make sure you take precautions such as meeting in an open place where there are many people around to ensure you do not get robbed, particularly if the quantity is high.

Have you verified your account? Were there any problems?

Though this is a big problem to the European bitcoin and cryptocurrency lovers but this is not a coincidence but rather there must be someone who is pulling the strings. Have you come across some news that the European Union is going to launched its own Cryptocurrency with its own blockchain technology and this currency will monopolized all business transactions in the whole Europe. Though it is just my opinion but maybe there is a connection.

I personally haven't even noticed that this was an issue, I have no problems doing SEPA transfers with my bank account (ING).
I've been using Bitonic (available in Belgium and Netherlands) and Anycoin (available in more countries) without any issues.

Deposits to Kraken also arrive just fine.

I'am located in Bulgaria. All Banks here have signed a declaration to not accept bank wire transfers from Crypto exchanges as well as not allowing wire transfers to Exchanges. Even a purchase to Bitmain was checked 2 hours and  mostly my luck was that i declared it as "computere mashines" as everything crypto will be blocked.

I hoped than to bypass this with transferwise, as described allready, with an account at Deutsche Handelsbank, just to find out that a payments to coinbase are blocked again.
Next step was an online bank account at Lithuana or Estonia if i remember right, payzer, which again did not allow even to open an account for crypto business.

Checking now that e-citizenship and see what i can find out about it.

However, strange nobody else posted anything with. I doubt i'am the only one that at some time will want to withdraw some money or buy beside mining some extra coins....

So if someone knows crypto friendly banks that are in the EU, online banks or whatever "setup"/way to to receive/send funds to/from exchanges please share.

This it the problem I was worried about, and now it happened.
I don't know which is your country in the EU, but if one of them has made it, the others will copy the regulations as always...
Unfortunately if your bank don't accept wire transfer from exchanges and don't let you to send some fiat to exchange realted bank accounts, you can do nothing but to search for a crypto friendly bank.
Have you checked Estonia? They are really leaders in connection with cryptos, so maybe you can apply for a e-citizenship and use their banks to wire money to exchanges and back? Just an idea

I'am pretty sure there are allready some topics about it, but wasn't able to find any that covers especially for EU citiziens all possible ways how to deposit/withdraw from fiat.

Living the EU, in my country ALL banks stoped to accept wires/transactions from and to Bitcoin related exchanges, platforms, similar.
This raises the problem on how to deposit funds for buying bitcoin/altcoins and of course at some point withdraw some to fiat.

What is everybodies approach on this problem? So far i didn't think about it too much as a miner, but at some point soon or late i guess we have to convert something to fiat
and/or want to deposit and buy additional bitcoins...

While at coinbase their is the option to withdraw to a Sepa bankaccount, this does not help me a lot as my bank would just send it back not accepting the sepa wire. Reverse the same
of course if used for deposits which only leaves Debit Cards with smaller amounts in this special case.

I tried today to bypass this with transferwise. Did a Euro 2.000 sepa to my transferwise account and from there tried to send it to coinbase just to finding out that transferwise will NOT
support some transaction.

Now waiting for verification on mistertango, coinsbank, revolut, payeer, ... to see if there is any chance to have something working for deposit and withdraw within the EU.

I personally have no problems with verification, taxes, Know your customer, or whatever, so anonimity is not a problem for me, and i guess for a lot others as well not.

However, how is everybody doing the Crypto ==> fiat and fiat ==> crypto transactions/withdraw/deposits?

I'am aware of localbitcoins and similars, but i'am talking about something you can count at the moment without much hazzles each time. So i know that selling/buying to friends, localbitcoin is an option but i would like to discuss more about wire transferes, credit cards and so on.

Anybody uses WageCan by the way?