BitWala

#43
Reactions: burden
#44
I guess Crypto.com will be your cup of tea: personal IBAN, integrate buy/sell/swap without markups, card, much more.
 
Reactions: Spinat
#45
Back2Matters said:
I guess Crypto.com will be your cup of tea: personal IBAN, integrate buy/sell/swap without markups, card, much more.
Click to expand...
Not bad, looks actually better then Xapo in the past when they had the Visa card. Worth to give a try.
 
Reactions: Back2Matters
#46
I started a BitWala account. They had a long process of KYC with IDnow (photo of my passport again and again, even with flash).
Now they're asking my personal tax number, and I haven't even started using them.

Am I the only one that I'm sensing trouble if I try to convert crypto to Fiat from there (I was planning to use their card for some expenses in Europe / small ATM withdrawals)
 
#47
Use AdvCash if it is small amounts and you need a Visa card for your crypto. They are very easy to apply for and reliable.
 
Reactions: georgio
#50
So what do you do when you trade the bitcoins back to fiat to your domestic bank account? Just report those as income to the tax office? That's a huge loss right there. I don't know. I personally want to invest in real estate. It also seems like a hassle to prove where the funds came from, especially if you have many sources of bitcoin income. Banks are a pain in the a*s. f*****s force you to loan their fiat money and take a fee for it, while you have to explain every god damn cent you earned with hard work.
 
#54

Did you close the Bitwala account yourself or did they close it?
 
#56
They closed my account, I had zero balance there anyways and didn't plan using them.

Basically very very bad experience, perhaps they started with good intention and then turned into some sort of KYC/AML/FATCA/GATCA/CRS/4AMLD/5AMLD bulls**t. I see zero sense in using something like Bitwala, it only adds an extra annoying step and no benefits.
 
Reactions: clemens
#58
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