the requirement for a business account is likely to be a problem with everyone. transferwise quit all crypto several years ago.
where are you located?
the first place i'd check is fidor germany.
Topic: My bank doesnt allow transfers to kraken. Recommend me a payment processor. (Read 245 times)
March 31, 2018, 05:56:47 PM
March 30, 2018, 09:08:42 AM
I think you can transfer to other system that will allow you for crypto. Xapo can be a good option in this matter. You can also search some other option that will accept transaction in crypto world.
March 30, 2018, 02:40:25 AM
The problem is even if you open a second or third account with a different bank, they wire funds to Kraken via their correspondent or intermediary banks. Most of these intermediary banks are internationally listed and they are usually the ones which decide whether or not the transfer should be processed. If they are against crypto transactions, they will flag and reject the transfer and there is nothing you can do, even if your bank is more relaxed about cryptos.
You could try opening an account with Mistertango, then do a SWIFT transfer to your own MT account. From that account, you can then forward the funds to Kraken. It's only a matter of time when the rest of the banking world will discover this loophole. When that happens, they will refuse transfers to MT's SWIFT system.
You could try opening an account with Mistertango, then do a SWIFT transfer to your own MT account. From that account, you can then forward the funds to Kraken. It's only a matter of time when the rest of the banking world will discover this loophole. When that happens, they will refuse transfers to MT's SWIFT system.
March 30, 2018, 02:37:24 AM
Amazing shit, the bank tells you it is too risky? I would just take my money and go elsewhere. Not trustworthy at all. Banksters.
March 30, 2018, 02:00:35 AM
I have a business bank account.
My bank declined my transfer to kraken saying that crypto is too risky.
It's very complicated to open another business account because i am living abroad.
I am looking for other solutions like a payment processor.
I heard that transferwise stopped accepting crypto related bank transfers.
What other processors work with kraken?
I heard about revolut, mistertango and advcash but i am not sure whhich is best.
I need a business account with one of them and anonymity would be nice too
My bank declined my transfer to kraken saying that crypto is too risky.
It's very complicated to open another business account because i am living abroad.
I am looking for other solutions like a payment processor.
I heard that transferwise stopped accepting crypto related bank transfers.
What other processors work with kraken?
I heard about revolut, mistertango and advcash but i am not sure whhich is best.
I need a business account with one of them and anonymity would be nice too
Doesn't mistertango require verification?
I can't think of any other ways other than using Localbitcoins for your purchase if your bank doesn't allow you to send money to Kraken. You could negotiate with your bank, say that you know the risks that they have no rights to tell you where to spend money and where not to spend money. I'm not sure if you're purely looking to purchase BTC, or want to have a bank account of some kind.
Advcash is way to risky to deal with. They're registered in Belize and they don't really do any verification on accounts.
So either go p2p trading, or prepare to get verified if you want a bank account or use some other exchange. You can't really have both anonymity and a regulated, legitimate payment processor.
March 29, 2018, 05:33:55 PM
What other processors work with kraken?
I heard about revolut, mistertango and advcash but i am not sure whhich is best.
I need a business account with one of them and anonymity would be nice too
As I know, you can open business account on Mistertango and it's crypto-friendly online bank, so there will be no problems to send money to Kraken and all other exchanges.I heard about revolut, mistertango and advcash but i am not sure whhich is best.
I need a business account with one of them and anonymity would be nice too
But you can't expect to stay anonymous by using online bank. For personal account they will ask to upload scans of ID card/passport and selfie. I'm not familiar with business accounts, but I think they will ask for even more personal information.
March 29, 2018, 03:01:33 PM
You might find some useful information in this thread.
Free EU bank accounts that can be opened directly online
It's mostly about personal accounts, but some of the listed banks might also offer business accounts.
Free EU bank accounts that can be opened directly online
It's mostly about personal accounts, but some of the listed banks might also offer business accounts.
March 29, 2018, 05:49:56 AM
I heard that transferwise stopped accepting crypto related bank transfers.
What other processors work with kraken?
I heard about revolut, mistertango and advcash but i am not sure whhich is best.
I need a business account with one of them and anonymity would be nice too
What other processors work with kraken?
I heard about revolut, mistertango and advcash but i am not sure whhich is best.
I need a business account with one of them and anonymity would be nice too
Right news on Transferwise, at least, if they haven't changed their decision from several years ago. They were my choice for easy/cheap bank transfers but Revolut is solid and crypto friendly (I've used it successfully). It's actually a lot cheaper than using your bank account to transfer overseas.
But as timerland points out above, why not consider p2p (buy from another trader)? There shouldn't be any problems transferring to trader accounts and there are loads accepting bank transfer (including myself).
If you really, really want roundabout ways... you could purchase gift cards and use them to buy Bitcoin. Several exchanges I've used accept Amazon gift cards. Google it, a few big names pop up (and even Localbitcoin traders, some accept).
March 29, 2018, 03:45:45 AM
I have a business bank account.
My bank declined my transfer to kraken saying that crypto is too risky.
It's very complicated to open another business account because i am living abroad.
I am looking for other solutions like a payment processor.
I heard that transferwise stopped accepting crypto related bank transfers.
What other processors work with kraken?
I heard about revolut, mistertango and advcash but i am not sure whhich is best.
I need a business account with one of them and anonymity would be nice too
My bank declined my transfer to kraken saying that crypto is too risky.
It's very complicated to open another business account because i am living abroad.
I am looking for other solutions like a payment processor.
I heard that transferwise stopped accepting crypto related bank transfers.
What other processors work with kraken?
I heard about revolut, mistertango and advcash but i am not sure whhich is best.
I need a business account with one of them and anonymity would be nice too
If your bank is denying the transfer, nothing you can do especially if you can't open a new account with another bank or of another type.
You could potentially deal with payment processors such as Advcash, Payeer, Perfectmoney which all will be able to accept a wire transfer internationally and then convert that to your respective balances, which you can use to freely convert your fiat into bitcoin. However, they have virtually no support so if there is any sort of problem, you're screwed.
Do you need to go through a payment processor?
If you're just purely wanting to buy bitcoins using bank transfer, I suggest checking out localbitcoins. The rates you'll get is usually lower than if you had to deposit to one of those payment processors(advcash or whatnot), send the funds to an exchanger, and then get a really bad rate. Plus, you are protected by localbitcoins escrow so there is very little chance you'll get scammed or have an issue compared to any other method.
March 28, 2018, 03:44:09 PM
I have a business bank account.
My bank declined my transfer to kraken saying that crypto is too risky.
It's very complicated to open another business account because i am living abroad.
I am looking for other solutions like a payment processor.
I heard that transferwise stopped accepting crypto related bank transfers.
What other processors work with kraken?
I heard about revolut, mistertango and advcash but i am not sure whhich is best.
I need a business account with one of them and anonymity would be nice too
I think anonymity and business account won't work at the same time... but someone with more experience will correct me if it's possible.My bank declined my transfer to kraken saying that crypto is too risky.
It's very complicated to open another business account because i am living abroad.
I am looking for other solutions like a payment processor.
I heard that transferwise stopped accepting crypto related bank transfers.
What other processors work with kraken?
I heard about revolut, mistertango and advcash but i am not sure whhich is best.
I need a business account with one of them and anonymity would be nice too
Why not to try another wallet provider e.g. XAPO, or some other bigger ones?
Hopefully they are not banned, because they are not exchanges. They will let you use wire transfer to buy bitcoin and after you can send your bitcoins to the exchange directly. Just check before if those wallet providers needs you to identify yourself fully or not.
I'm not familiar with business accounts, so I can be completly wrong...
March 28, 2018, 09:30:17 AM
I'm afraid I have no specific recommendation. The bank I use is local to central Wisconsin. But I would suggest you have some power here. Think of how ridiculous their position is. It is your money and you are taking the risk. Who are they to tell you how to spend your money. Tell them this is what you want to do and if they can't do it you may need their help in transferring your business to a better bank. In your situation this may not be possible, but if my bank told me that I would give them an ultimatum and be prepared to close out the account as soon as I can set up a new one.
There are many banks and if you are dealing with a licensed exchange then their is no excuse for keeping you from using it except THEY simply want to make choices with YOUR money. Unacceptable, IMO.
There are many banks and if you are dealing with a licensed exchange then their is no excuse for keeping you from using it except THEY simply want to make choices with YOUR money. Unacceptable, IMO.
I know but i cannot change my bank atm.
March 28, 2018, 08:31:46 AM
I'm afraid I have no specific recommendation. The bank I use is local to central Wisconsin. But I would suggest you have some power here. Think of how ridiculous their position is. It is your money and you are taking the risk. Who are they to tell you how to spend your money. Tell them this is what you want to do and if they can't do it you may need their help in transferring your business to a better bank. In your situation this may not be possible, but if my bank told me that I would give them an ultimatum and be prepared to close out the account as soon as I can set up a new one.
There are many banks and if you are dealing with a licensed exchange then their is no excuse for keeping you from using it except THEY simply want to make choices with YOUR money. Unacceptable, IMO.
There are many banks and if you are dealing with a licensed exchange then their is no excuse for keeping you from using it except THEY simply want to make choices with YOUR money. Unacceptable, IMO.
March 28, 2018, 08:20:27 AM
I have a business bank account.
My bank declined my transfer to kraken saying that crypto is too risky.
It's very complicated to open another business account because i am living abroad.
I am looking for other solutions like a payment processor.
I heard that transferwise stopped accepting crypto related bank transfers.
What other processors work with kraken?
I heard about revolut, mistertango and advcash but i am not sure whhich is best.
I need a business account with one of them and anonymity would be nice too
My bank declined my transfer to kraken saying that crypto is too risky.
It's very complicated to open another business account because i am living abroad.
I am looking for other solutions like a payment processor.
I heard that transferwise stopped accepting crypto related bank transfers.
What other processors work with kraken?
I heard about revolut, mistertango and advcash but i am not sure whhich is best.
I need a business account with one of them and anonymity would be nice too
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