Topic: How can I make a bank account with fiat? when I have no fiat? (Read 296 times)

In addition if you want to bypass bank in terms of Cash conversion from Cryptocurrency, you can use remittances but they also needs the proper identification.  Though I believe the thread is all about an under the table negotiation to be able to open a bank account. Which I strongly do not agree since it will bring your friend to a not comfortable situation when found out.

Frankly speaking, it can get so difficult if you do not have proper identification documents which you can present to the bank where you want to open an account with. The best thing to do is to start accomplishing some of the required documents now. Don't entertain any excuses because this is for your own good nothing more nothing less. Yes, there are now many ways to get hold of an international debit card that is connected to cryptocurrency but because I am not using that I could not recommend one for you...just search on Google for that I am sure you can find that you can use anytime anywhere. Speaking realistically, we still need the services coming from traditional financial platforms whether we like it or not and going otherwise can be a burdensome.

I think that you must show your ID, and the exact place where you live, you must create a sustainable identification of where you live, because in a Bank they are very jealous with those requirements, as long as you do not have that I think it is impossible to obtain it.

But all is not lost, there are many Exchanges that offer a great security at the moment, I have many friends who have account in Bitfinex and they say that this is their bank account, the truth is that their money is handled there, and the problems of Bitfinex with respect to the tether and those things, they just do not give importance, I think that Exchange is one of the best despite what people think.

In the same way there you must have a KYC, you should verify your identity, the rest will be very difficult to give you special access. You have to find a way to prove everything, who you are, where you live at least.

yes you are right selling without the bank is also possible in some exchanges so if a person want to do it without the help of banks then he will use this way and it is also helpful for him.

How can he provide some documents if he doesn't want to get an ID?

To the OP.
So you need to prevent from making the fines because you cannot pay the fines if you don't have an ID, but they could still give fines to you because you are citizens in your country.
It is okay if you don't want to have an ID, but you need to think that every citizen needs an ID for explaining that you lived in one country.
It doesn't matter if you don't want to go to another country, it doesn't matter if you are not driving.
But you lived in one country that every citizen must have an ID.
No one force you to have an ID, but it's related to the law in every country.

Well on my country ask for ID as i know from someone, but you can make a virtual bank account if you want like i did, on Revolut and you get an EUR account if you are in Europe and also you get a UK bank account, but you should try to see if is enough for you. For what you want to use? To get money on it or?

The only closest example would be prepaid debit card with own account... almost for free but need some ID and some limitations in usage like buying stuff

If you can provide some documents of being a free lancer then it might enough for you to open an account to a bank, I am lucky that here in my country I can open an account with a single ID and some sort of question.

OP
how that comes you don't even have an ID card? I also find weird they opened an account for you without any


Fill in the form yes sure but that's not the point. The point is about the administrative papers required while you can't provide them. In the USA there are over 10 million of citizens unbanked, guess why?. I'm taking the US as an example but there are surely a lot of countries in the same situation.


Can you tell me which banks?

@kryptqnick Passport is an optional document in some countries (e.g EU country), since its not free, a lot of people decide to made one only if necessary (go abroad). You can work, move also in EU without any limitation just with personal national ID card, or driving license.

The story sounds unbelievable in both the good and the bad sense of the word. How can you not have a passport? Okay, you might be a person without citizenship. It happens. But wouldn't the government make you have another identification, specifically related to your status? Otherwise you're living in the country illegally, no? In my country the passports are provided by the government, and I don't remember if one has to pay anything for this but even if one does, it's like a couple of dollars.
The name of the thread suggests you don't have fiat, but I guess you have the money to pay that bill, don't you? So the question is more about the documents than the money. And exchanging crypto for fiat by one way or another is probably possible. And then when you have fiat, you can put it on a bank account and pay.

Whoever you might be, you're a citizen of a country. You've got the rights to go request for the identity of you. Even the refugees have got some identification card. This isn't a fair reason that you don't have a identity card, employees can vouch which happens all around. Here bitcoin can help in this regard, but it is our responsibility to have our identity that you're a citizen of the respective country.

if you have a bitcoin why you don't sell it on localbitcoin? with localbitcoin you can sell your bitcoin with a person near you so you can get your fiat by sold your bitcoin

Where are you from OP? Luckly it's easy to make a bank account in my country here. You only need some little amount of money and some of your identity information and you are ready to go.

Based on your case, if there's no other way then go find some person from your area that can cash out your crypto. Collect it and save some money until you can get paid that things.

Banks would always ask you to comply with their requirements and you should do something about that. There are ways to get an identity card. It's necessary for you to have at least one or two because you couldn't get any government benefits as well if you don't have it.

Wow! Never heard (I guess) something similar! What is your country and what are these banks?
How they can accept bitcoin? any guarantee about they will not hacked or something else? Did you  receive also % for take on their account?

Lol. What? The bank account creation process has been simplified with time thanks to digital apps and other developments which is why it is possible to create them in minutes and everyone can do it.

I know we all support crypto, but don't spread pointless lies just to make crypto look better in this aspect.

I was told I could not pay the fine for cash over the phone by two or three different people. I asked where I could go they said I had to mail it to them, I mailed the cash. They said they did not receive it. O well.
I also got another ticket public intoxication, I was standing outside of a bar a girl asked me for a smoke and before I know it her boyfriend and 3 friends are punching me. I did not even say a word to her, I just started to take a smoke out of my pocket for her, I guess the guy was jealous or something that she came up to me? I dunno drunk people are morons I quit drinking ages ago this was all like 10 years ago. I ended up getting arrested for being publicly intoxicated, everyone at the bar the 100`s of students outside were drunk, When I told the officer what happened as we sat in the car on the way to the stations, he said it is not his fault I am getting arrested it is to late now to change his mind he already called it in. I did not even throw a punch. Only to have that officer and his friend rip my new work pants up, steal 300$ out of my wallet and give me a fine for standing outside of a bar having a smoke and reaching into my pocket to give someone who asked for one who was of age to smoke. Check the videos, I was crying "please don`t kill me" because of the last time I was there when 8 of the police officers smashed my head off a toilet seat for being homeless. Check those videos to.
 
So let`s say I find work and work under the table (the only place to do this is a farmer legally)
I could save enough to buy ID, I don`t want ID.. Why should I be forced to get a ID? I am not driving.. I not moving in between countries.. I don`t need a age of majority card.  The only reason is because I am forced to pay the fines, fines I should of not of gotten in the first place.

I think if I get a fine for taking a piss in public when I really had to go and If I get a fine for "being drunk in public"

We should fine every dog for peeing in public. (I even tried to use a washroom) I am a farm boy we are used to pissing out in the field there when there is no washrooms around in nature.
We should stand outside of the bars and arrest everyone as they come out.

This system is so dumb.

Go to weedmaps, there is 1000000`s of criminals selling weed online in Canada right now, not your government weed you thugs, go arrest those thugs so you can control the market more because only you are allowed to sell weed and booze, LIKE FOR REAL WHAT IS THIS SHT?

Of course you must meet the requirements requested by the banks in your country, as well as in our country. The cryptocurrency exchange probably maintains an account with a commercial bank for the purposes of receiving funds. The exchange can then withdraw the money and keep it safe or can leave it at the commercial bank to protect. The commercial bank does not know or care that you, the depositor, have a claim over the funds in the account. This is similar to how a commercial bank often maintains a balance at a central bank, the central bank does not track the customers of the commercial bank that's the commercial bank's responsibility. Similarly, the cryptocurrency exchange needs to keep track of its customers' accounts.

But the problem, he said that how if all institution where he wants to get the money still rejects him and don't give him the money, what should he do to get the money?
He has a check from his work, but he cannot redeem his money because rejecting of the institution so he cannot get his money.
The bank will not give him money without knowing his identity because the bank doesn't want to get any problem for giving the money to the unknown person.
I guess there is another solution for him.
He can search for work but ask to receive the money in physical, so he doesn't have to go to another office to get the money.
He can directly have the money without any difficult situations, and he can also buy something after he got the money.