Our valued sponsor

Sword and Shield
SWISSMONEY Iban Accounts with Sepa

Crypto to FIAT - ATM card

#23
ivan1911 said:
Adv replied to my email as well as wirex that they don't report anything unless they have a court order .
If you have btc in your wallet and want money out of atm adv cast is by far the best.

You can send btc to adv and withdraw 2500€ per day. With total of 80k per year . If you want more then you need to send proof of wealth..

Wirex had personal iban which can come in handy but have 400€ daily atm limit if I'm not mistaken.

In short adv cash is best to send btc and withdraw money on atm.
Click to expand...
Ok Advcash doesn't report BUT i was wondering if the canadian bank that they use for issuing debit cards reports to CRS or not. Since you need to provide documents also to the bank to rise the card limits...
 
#24
The most efficient and secure way for crypto => FAT would be anonymous debit card which is registered under the name of the nominee.
 
  • Like
Reactions: troubled soul
#26
ivan1911 said:
Adv replied to my email as well as wirex that they don't report anything unless they have a court order .
If you have btc in your wallet and want money out of atm adv cast is by far the best.

You can send btc to adv and withdraw 2500€ per day. With total of 80k per year . If you want more then you need to send proof of wealth..
Click to expand...

Let's say you send 1 BTC to Adv (currently valued around $50k), won't this alone trigger various reporting requirements to authorities?

For example, banking requirements in the Netherlands state:

"Money transfer offices, for example, have a duty to report all money transfers exceeding an amount of € 2,000 to FIU-the Netherlands. A subjective indicator means that an institution has a duty to report a transaction if it has “reason to suspect” that the transaction is connected with money laundering or terrorist financing." (Source: https://www.fiu-nederland.nl/sites/...en/5276-fiu_jaaroverzicht_2014-engelsweb2.pdf )

Adv probably sets the withdrawal limit to 2500€ per day per day to avoid reporting requirements. But again, won't the initial deposit of crypto to currency trigger other reporting requirements?
 
#27
AdvCash does not report at all, if you keep the money there you won't have troubles. The question is, do you trust them with such amounts.
 
  • Like
Reactions: troubled soul
#29
Nasters said:
It is difficult to find cards available outside certain areas
What happens if you have a verified account with a debit card in your name, and you move from the EEU to another country not supported ?
Click to expand...
They might ask you to confirm your address without necessarily provide proof, had this happened with revolut.
When the card expire they could be sending it at the registered address.
They also might require phone verification every now and then by sms ...

Otherwise no problem.
 
#30
Nasters said:
It is difficult to find cards available outside certain areas
What happens if you have a verified account with a debit card in your name, and you move from the EEU to another country not supported ?
Click to expand...
Get a fully setup and verified adv account, attached with a card, to go overkill with the opsec, attach a bank account to it....all Logs,Sim card,(active for roaming)and you sailing...cig-:,
 
#31
permethrin said:
Let's say you send 1 BTC to Adv (currently valued around $50k), won't this alone trigger various reporting requirements to authorities?

For example, banking requirements in the Netherlands state:

"Money transfer offices, for example, have a duty to report all money transfers exceeding an amount of € 2,000 to FIU-the Netherlands. A subjective indicator means that an institution has a duty to report a transaction if it has “reason to suspect” that the transaction is connected with money laundering or terrorist financing." (Source: https://www.fiu-nederland.nl/sites/...en/5276-fiu_jaaroverzicht_2014-engelsweb2.pdf )

Adv probably sets the withdrawal limit to 2500€ per day per day to avoid reporting requirements. But again, won't the initial deposit of crypto to currency trigger other reporting requirements?
Click to expand...
I can tell you from personal experience adv asks the least amount of documentation. Especially if you're sending payments via crypto.. every other emi asks more and makes trouble more . Adv for 80k per year is perfect.
Imo
 
#33
Nasters said:
What is opsec ? and what do you mean to attach a bank account to it ?
maybe there is a problem when the card expires and future proof of address
Thank you
Click to expand...
Opsec, operational specifics/security etc..

Adv allows cashing out into a Bank account( wires/SEPA ) and also allows cashing out into a card...

the bank account+card where the withdrawal from adv would be received has to be solely/physically accessible by you...

The bank acct setup, comes with the Card, the proof of address used for the bank activation covers the card as well...The Card typically expires after 3years..cig-:,
 
#35
here2learn said:
That'd be perfect if it was possible to get a bank account with darks, too ;)
Click to expand...
Yes formidable set up and longterm..bank setup must be 100% legit..the bank account would come setup with Atm card,online banking logs/swift/IBAN and optional correspondence accts...
Highly anonymous setup..no need for darks...cig-:,
 
#36
VESTANON said:
Yes formidable set up and longterm..bank setup must be 100% legit..the bank account would come setup with Atm card,online banking logs/swift/IBAN and optional correspondence accts...
Highly anonymous setup..no need for darks...cig-:,
Click to expand...
If the bank isn't using darks, how is it anonymous? The bank accnt isn't anon. then if it's in your name, surely? - Maybe I'm misunderstanding?
 
#37
here2learn said:
If the bank isn't using darks, how is it anonymous? The bank accnt isn't anon. then if it's in your name, surely? - Maybe I'm misunderstanding?
Click to expand...
Using Darks in a setup means, the docs have been tampered with,modified and at worst photoshopped...
Anonymous docs are original docs,verifiable,quality standard adhered to,tamper proof and more so recent..whatever platform an anonymous doc has been used on, is guaranteed success...
(i stand by that)cig-:,

The use of darks is a short term solution, an indepth scrutiny and counter verification from authorities reveals the flaws in the use of darks...and hence your opsec would be cancelled,banned /frozen..
 
#38
VESTANON said:
Using Darks in a setup means, the docs have been tampered with,modified and at worst photoshopped...
Anonymous docs are original docs,verifiable,quality standard adhered to,tamper proof and more so recent..whatever platform an anonymous doc has been used on, is guaranteed success...
(i stand by that)cig-:,

The use of darks is a short term solution, an indepth scrutiny and counter verification from authorities reveals the flaws in the use of darks...and hence your opsec would be cancelled,banned /frozen..
Click to expand...
Okay cool - but... how are the Anonymous if not Darks? Who's name do they have on them and how are the docs anonymous? Not arguing - just confused (and keen to understand). Are you saying the docs are in your/the person's name?
 
#39
here2learn said:
Okay cool - but... how are the Anonymous if not Darks? Who's name do they have on them and how are the docs anonymous? Not arguing - just confused (and keen to understand). Are you saying the docs are in your/the person's name?
Click to expand...
All Docs and opsec, would be anonymous...lets just say using data that already exists in a system that works...
 
You must log in or register to reply here.

Forum Announcement

Latest Threads

The Kingdom Bank
Offshore Bank Accounts
SWISSMONEY Iban Accounts with Sepa
Top Bottom
Back