Methods to get from TW to crypto exchange

[taddeus]

I have a USD borderless account with Transferwise and I'm trying to get it into an exchange. So far, I have tried (and failed) to deposit (fiat) to Paxos, Kraken, Bitstamp, Bittrex to no avail. Ideally I would like to do a fiat USD deposit to an exchange.

Any thoughts? I'm not based in the UK/ USA and I don't have a Revolut account.

 

[nomad999]

Can you expand a bit on what has failed more precisely ?

 

[taddeus]

Paxos - doesn't process deposits from payment processors. TW payment completed. Paxos rejected and returned funds.
Rest - TW blocks transfer during the transfer process (ie TW doesn't allow the payment to even be sent, there's a blacklist which prevents the user from completing the transfer order)

Ideally I would like to avoid p2p (hodl or localbtc) as there's a 2.5% charge.

 

[nomad999]

Thx for the feedback, very interesting.

Give a bit more details on your context, surely someone should be able to help you get a bank account somewhere.

 

[taddeus]

Well, I'm not based anywhere around Europe or North America. Ideally I would like to open a "normal" bank account in the US and then move fiat to crypto in USD. Otherwise, I'll need to convert USD to XXX currency, which isn't the best option. Have quite a few grand to move to crypto so looking at the most economical option.

My destination is Binance.

 

[nomad999]

Maybe try a suisse based crypto exchange, their banking partner might not be blacklisted or even considered as crypto business.
Did you try binance fiat deposit through visa/mastercard ?

Edit : Nevermind, missed the low fees requirements

 

[taddeus]

Maybe try a suisse based crypto exchange, their banking partner might not be blacklisted or even considered as crypto business.

Any Swiss based exchanges that come to mind? Reputable please

 

[Spinat]

have you looked into kraken ? and simply withdraw your money to your current bank account maybe?

 

[taddeus]

Looking at fiat to crypto and not crypto to fiat. Also I don't have a USB bank account, so I can't do TW --> US bank --> Kraken

 

[JohnLocke]

fiat to crypto works also with kraken!

Another option is AdvCash works perfect for this purpose.

 

[nomad999]

Any Swiss based exchanges that come to mind? Reputable please

Bitcoinsuisse, bity, lykk
Would consider those legit, maybe check that they are regulated by FINMA

 

[happyjohn]

How about German Bank Account with Crypto Features - Bitwala which has been discussed many times at the forum already?

 

[nomad999]

How about German Bank Account with Crypto Features - Bitwala which has been discussed many times at the forum already?

EU resident only unfortunately...

 

[JohnSeed]

What's wrong with kraken or Bitcoin Suisse – Pioneering Crypto-Financial Services both are well recognized in the industry and doing great. Mister Tango could be some sort of alternative.

 

[taddeus]

Has anyone tried bitcoin suisse with a TW borderless account?

 

[Bandito]

No, but I'm 99% sure it'll work.

Bitcoin Suisse doesn't have the same volume as the other exchanges.

 

[taddeus]

let me go through the process at bitcoin suisse. it might get flagged at TW if the registered entity has "Bitcoin" in it

 

[nomad999]

let me go through the process at bitcoin suisse. it might get flagged at TW if the registered entity has "Bitcoin" in it

yeah actually good point. Check my recent post on swissquote, perhaps something there.
https://www.offshorecorptalk.com/threads/cashing-out-bitcoin-through-swissquote.28182/

 

[DGTLOTC]

You really are not helping yourself by trying to do this with USD
USD has to go via intermediaries - need we go into the problems faced by USD transactions these days let alone being linked to crypto

 

[CryptoTrader87]

Get an account with Bitcoin Suisse or Swissquote. The latter is very good.