Open New Bank Account for Online Poker Bitcoin Withdrawal?

unholycactus

legendary

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Quote from: ikydesu on September 21, 2015, 03:11:41 PM

Why not use bitcoin mixing service? Or use darkcoin which your transaction untraceable, also you can follow this thread to get more reference: https://bitcointalksearch.org/topic/how-to-make-bitcoin-transactions-untraceable-1126702

I think OP wants to have fiat, a mixer wouldn't do much.
What I suppose he's worried is declaring how he got the fiat and this is where he'll get trouble.

ikydesu

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Why not use bitcoin mixing service? Or use darkcoin which your transaction untraceable, also you can follow this thread to get more reference: https://bitcointalksearch.org/topic/how-to-make-bitcoin-transactions-untraceable-1126702

unholycactus

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Quote from: hoganJ32888 on September 19, 2015, 09:24:39 PM

Then how do you transfer bitcoin to your bank account (US-based) safely?

Are the payexchangers gonna work? Can I withdrawal from those to my bank?

I want to withdrawal to my US bank, not in cash, because I am perpetually traveling outside the US and I don't have a reliable bank abroad.

Assuming you are a US citizen, you'll have a lot of trouble justifying withdrawal of poker winnings in fiat.
Only a few online poker platforms are legal in the US in very specific states.
I would just keep the Bitcoins if I were you unless you are prepared for the trouble.

hoganJ32888

newbie

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Then how do you transfer bitcoin to your bank account (US-based) safely?

Are the payexchangers gonna work? Can I withdrawal from those to my bank?

I want to withdrawal to my US bank, not in cash, because I am perpetually traveling outside the US and I don't have a reliable bank abroad.

gentlemand

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Welt Am Draht

Quote from: pedrog on September 19, 2015, 02:45:37 PM

'Banks' don't care where your money comes from, money is their business, all money is good, police and taxman do care, if you pay your taxes and your money comes from a legit source, like bitpay, you have nothing to worry about...

Depends on what country you're in. In the UK that might be enough for them to tell you they don't want your business any more. Anything Bitcoin related can be fatal for your account even if you can prove everything's above board.

Mickeyb

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Move On !!!!!!

Quote from: pedrog on September 19, 2015, 05:47:31 PM

Quote from: unholycactus on September 19, 2015, 03:00:12 PM

Quote from: pedrog on September 19, 2015, 02:45:37 PM

'Banks' don't care where your money comes from, money is their business, all money is good, police and taxman do care, if you pay your taxes and your money comes from a legit source, like bitpay, you have nothing to worry about...

I think this is wrong. Of course banks will protect themselves from a customer doing possibly illegal deposits.
@OP, where do you live? (Country)

Has I said 'legit source', and they do that because regulation, not because they don't want your monies.

Trust me, some banks don't like Bitcoin at all, even if the money is legit. There were many examples in the past that customers accounts were frozen and closed just on the suspicion that the money has come from Bitcoin.

pedrog

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Quote from: unholycactus on September 19, 2015, 03:00:12 PM

Quote from: pedrog on September 19, 2015, 02:45:37 PM

'Banks' don't care where your money comes from, money is their business, all money is good, police and taxman do care, if you pay your taxes and your money comes from a legit source, like bitpay, you have nothing to worry about...

I think this is wrong. Of course banks will protect themselves from a customer doing possibly illegal deposits.
@OP, where do you live? (Country)

Has I said 'legit source', and they do that because regulation, not because they don't want your monies.

unholycactus

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Quote from: pedrog on September 19, 2015, 02:45:37 PM

'Banks' don't care where your money comes from, money is their business, all money is good, police and taxman do care, if you pay your taxes and your money comes from a legit source, like bitpay, you have nothing to worry about...

I think this is wrong. Of course banks will protect themselves from a customer doing possibly illegal deposits.
@OP, where do you live? (Country)

pedrog

legendary

Activity: 2786

Merit: 1031

'Banks' don't care where your money comes from, money is their business, all money is good, police and taxman do care, if you pay your taxes and your money comes from a legit source, like bitpay, you have nothing to worry about...

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

Depends in which country you are and how are people looking on Bitcoin in this country. Also not all banks are anti Bitcoin. If you don't mind sharing where you are based, we can give you more info.

If not, you can always withdraw BTCs to your wallet and sell them in person for cash. Or open an account on localbitcoins.com where you can sell coins in small batches, that's how banks won't suspect a lot. For example in France, all transactions up to 1,000€ are not that much scrutinized.

Good luck!

Amph

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if you can withdraw your coins from that poker room to your client and then exchange those on any good exchange, you can afterward transfer the amount on your bank, only fiat will come there

but anyway you could ask your bank support for any problem related bitcoin

hoganJ32888

newbie

Activity: 44

Merit: 0

Unfortunately, bitcoin is the only option I have to withdrawal on one of my online poker networks.

I have 15K total in withdrawals, 5k each time into bitcoin wallet.

Is it safe to open a new bank account, and then withdrawal the bitcoins from bitpay to my new bank account?

I read a lot of banks don't like bitcoicn and I don't want my funds to be permanently frozen.

I'm too scared to use my existing bank account in fear they close it.

Topic: Open New Bank Account for Online Poker Bitcoin Withdrawal? (Read 807 times)