IBAN accounts on cryptoexchange platform

moremediazone

newbie

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My friend, you really very helpful! Thank you again!

I am going to try the service that you suggested to me in your previous post along https://transcrypt.eu. Idea of own IBAN sounds more secure to me. Because you never know who does transfers from third-party person. But sure i will give a to try. As one smart guy said, never put all eggs in the same basket.

Quote from: LeGaulois on September 07, 2021, 01:04:30 PM

Quote from: moremediazone on September 07, 2021, 06:21:23 AM

@LeGaulois

Thank you for your comperhensive answer so MUCH!

The reason why I asked about IBAN is that I personally think that IBAN will help me to cover my cryptotrades and afte transaction to my bank account from crypto exchange platform it will look as I made transfer between my own accounts. Sounds cool for me.

Moreover, I have some bank accounts where transfers from crypto platforms are getting blocked. So i am looking for solutions for this as well...

You're welcome.

I got it. If your goal is to cover your ass from your bank so they don't see anything related to crypto, in this case, I recommend you to look at Bisq. It's a decentralized platform and you'll be able to receive SEPA. I use it often myself.

Your bank won't see you received funds from a crypto exchange since you receive payment from average people. All they will see is you received funds from someone.

I often ask the person to add a message to the SEPA. Something like "for the holidays", "Happy birthday" "payment for the 450 CRF"
Like many other people, I only use it with a "disposable" bank account which I don't care about. So if a day my account is on hold I don't care at all (hint: better to look at the neo-banks)

LeGaulois

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Quote from: moremediazone on September 07, 2021, 06:21:23 AM

@LeGaulois

Thank you for your comperhensive answer so MUCH!

The reason why I asked about IBAN is that I personally think that IBAN will help me to cover my cryptotrades and afte transaction to my bank account from crypto exchange platform it will look as I made transfer between my own accounts. Sounds cool for me.

Moreover, I have some bank accounts where transfers from crypto platforms are getting blocked. So i am looking for solutions for this as well...

You're welcome.

I got it. If your goal is to cover your ass from your bank so they don't see anything related to crypto, in this case, I recommend you to look at Bisq. It's a decentralized platform and you'll be able to receive SEPA. I use it often myself.

Your bank won't see you received funds from a crypto exchange since you receive payment from average people. All they will see is you received funds from someone.

I often ask the person to add a message to the SEPA. Something like "for the holidays", "Happy birthday" "payment for the 450 CRF"
Like many other people, I only use it with a "disposable" bank account which I don't care about. So if a day my account is on hold I don't care at all (hint: better to look at the neo-banks)

condoras

legendary

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This is what I do. I drink and I know things.

Quote from: moremediazone on September 07, 2021, 06:21:23 AM

@LeGaulois

Thank you for your comperhensive answer so MUCH!

The reason why I asked about IBAN is that I personally think that IBAN will help me to cover my cryptotrades and afte transaction to my bank account from crypto exchange platform it will look as I made transfer between my own accounts. Sounds cool for me.

Moreover, I have some bank accounts where transfers from crypto platforms are getting blocked. So i am looking for solutions for this as well...

I will say it once again and I hope that you understand. An IBAN doesn't hide anything. In fact when you send your fiat to any bank (there are exceptions but not so easy or cheap) your transaction will have the company's (or the individual's) details from where you will send the funds. So the bank will know the sender aka the exchange even if the transaction receipt has your name only. Maybe for the bank, these transactions don't matter or they don't know the nature of the company and to be honest, they don't care.
In any case though, if the transactions are big in amount and often, this will trigger the alarm of your tax authority and the bank will give them any detail that they want for sure.

moremediazone

newbie

Activity: 4

Merit: 0

@LeGaulois

Thank you for your comperhensive answer so MUCH!

The reason why I asked about IBAN is that I personally think that IBAN will help me to cover my cryptotrades and afte transaction to my bank account from crypto exchange platform it will look as I made transfer between my own accounts. Sounds cool for me.

Moreover, I have some bank accounts where transfers from crypto platforms are getting blocked. So i am looking for solutions for this as well...

LeGaulois

copper member

Activity: 2828

Merit: 4065

Top Crypto Casino

@joniboini

Eterbase stopped operating 5 or 6 months ago since they have lost the financial partners they used to make the bridge. It was supposed to be temporally but after half a year it seems becoming permanent :/

@moremediazone

What @Potato Chips wanted to show you it's that if this company lies to people on their website by putting up public images to pretend to be them, how can you trust them with anything else? (even worse when it comes to money. You're not playing with Pokemon cards)

Also whether the company is registered in the US or elsewhere doesn't mean much. In the UK you can set up a company for $25. In the US it is also easy to do so in some states (like Delaware, which is well known for this)

You have plenty of alternatives if you want to make a SEPA transfer, and you don't need to look for an exchange platform that provides a dedicated IBAN.
Move your coins to Kraken, Bitstamp, wherever you want. Sell for EUR and then make the SEPA transfer.

No need to look further.

joniboini

legendary

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I think Eterbase also provides this service. But I don't know whether the platform is still trustable or not after they got hacked a few months ago. It used to be a good platform imo, but I won't trust them even if they can provide me with IBAN unless there's no other choice. You might want to check them out too.

moremediazone

newbie

Activity: 4

Merit: 0

Hello guys,

Thanks for ya'll answers. Sorry that didn't reply earlier, we were travelling with my sons across the coutry.

Quote from: Potato Chips on September 05, 2021, 09:17:39 AM

Diana B, AKA Woman portrait natural beautiful 😌 (https://www.shutterstock.com/image-photo/woman-portrait-natural-beautiful-476340928)

https://i.imgur.com/x4xK75A.png

Scammers have taken advantage of Estonia's laxer terms, I wouldn't put so much trust into it

Crypto scammers plague Estonia’s e-residency program
Clients of Estonia’s E-Residency Project Linked to Crypto Scams

Thanks for head ups! I do not see any scam evidence in regards of https://transcrypt.eu... bad reviews may write even competitors. So far I see that their team answering to customers questions and ask to provide any scam evidence.

Also I found that this exchange platform is registered on American website https://www.fincen.gov/msb-registrant-search which means that are passed another layer of platform verification.

Moreover, I used Binance for withdrawing my funds. But now they just have disabled SEPA transfers, so I cannot deduct my funds directly to my bank account. So I am in search of alternatives, which gives me extra security. So I found that website with IBANs that looks quite nice to me as they are opening personal IBANs...

Thanks guys for your attention! I will give it a try for a small amount of money

Potato Chips

hero member

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yesssir! 🫡

Diana B, AKA Woman portrait natural beautiful 😌 (https://www.shutterstock.com/image-photo/woman-portrait-natural-beautiful-476340928)

Scammers have taken advantage of Estonia's laxer terms, I wouldn't put so much trust into it

Crypto scammers plague Estonia’s e-residency program
Clients of Estonia’s E-Residency Project Linked to Crypto Scams

Slow death

legendary

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Quote from: moremediazone on September 03, 2021, 12:33:23 PM

What do you think?

honestly it looks like you created an account just to promote this exchange and it's very strange the reviews I saw about this exchange:

https://www.trustpilot.com/review/transcrypt.eu?languages=all

there was an scam accusation in may and i didn't see the person who accused to come post if the problem was resolved, i suppose the positive reviews must have been people who received money to post

condoras

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This is what I do. I drink and I know things.

Quote from: moremediazone on September 03, 2021, 12:33:23 PM

Hello,

I just found out that that it is possible to open your own personal European IBAN account on cryptoexchange platform: https://transcrypt.eu/

For me sounds like a good option to carry out banking transactions without any notice of tax services. All transactions will appear from my own name.

The platform is licenced in Estonia.

What do you think? Has anyone met before cryptocurrency platform that offers personal IBAN accounts?

Cheers!

IBAN accounts mean bank involvement. So most likely, the platform that you say opens bank accounts in their clients' names and their personal data/ doxs. Sure your name will appear but not alone. Banking details will come along with it, even if it's not visible to you, so if a tax authority (or any kind of financial and beyond authority) wants to know the origin of your funds, believe me, that they will get all the details that might want.

moremediazone

newbie

Activity: 4

Merit: 0

Hello,

I just found out that that it is possible to open your own personal European IBAN account on cryptoexchange platform: https://transcrypt.eu/

For me sounds like a good option to carry out banking transactions without any notice of tax services. All transactions will appear from my own name.

The platform is licenced in Estonia.

What do you think? Has anyone met before cryptocurrency platform that offers personal IBAN accounts?

Cheers!

Topic: IBAN accounts on cryptoexchange platform (Read 127 times)