There is no EMI or bank that really supports crypto P2P - All Lies

[iansommersault]

Exactly, I invoice my clients in usdt never an issue.

perfedt! thank you @overnbeyond

 

[ThatGuysBlue]

yes. I have clients who got their accounts confirmed for P2P crypto trading.

Can I ask a side question? does your clients run businesses? if so which country has regulations that would allow them to do it?

Was curious some time ago about doing the same thing, P2P crypto trading as a business the right way with KYC... etc.

 

[Gediminas]

Can I ask a side question? does your clients run businesses? if so which country has regulations that would allow them to do it?

Was curious some time ago about doing the same thing, P2P crypto trading as a business the right way with KYC... etc.

Mostly we help them to setup the legal part as well, so an entity in Lithuania with crypto authorization does the thing.

 

[ThatGuysBlue]

Mostly we help them to setup the legal part as well, so an entity in Lithuania with crypto authorization does the thing.

Can I ask what a sort of ballpark figure is to setup something like that? feel free to pm me. I certainly don't want to waste your time, just curious.

 

[Cryptohodler]

Can I ask what a sort of ballpark figure is to setup something like that? feel free to pm me. I certainly don't want to waste your time, just curious.

Yes I would like to know the same thing

 

[MiltonStone]

Can I ask what a sort of ballpark figure is to setup something like that? feel free to pm me. I certainly don't want to waste your time, just curious.

Please post here or PM me for the same.

 

[overnbeyond]

Can I ask what a sort of ballpark figure is to setup something like that? feel free to pm me. I certainly don't want to waste your time, just curious.

The business set up with policies like AML - KYC to operate would be around 8-13k eur
KYC software 2 eur per verification.
AML officer salary would depend on where you do it.
Banking fees vary.

 

[Cryptohodler]

Can I ask a side question? does your clients run businesses? if so which country has regulations that would allow them to do it?

Was curious some time ago about doing the same thing, P2P crypto trading as a business the right way with KYC... etc.

So basically will you be creating a P2P platform of your own or just trading on existing platforms ? If using existing platforms, then Knowing the kyc details of who you trade with depends more on the platform and as such is not under your control.

 

[overnbeyond]

So basically will you be creating a P2P platform of your own or just trading on existing platforms ? If using existing platforms, then Knowing the kyc details of who you trade with depends more on the platform and as such is not under your control.

Theoretically yes, but banks need to know who these customers are. If you check large peer-to-peer traders who have been out for long, that's the way to operate. YOU NEED TO BE WELL ESTABLISHED

 

[Lungi Man]

Hi, I work in upwork as a freelancer, Indonesian resident. I want to invest in cryptocurrency. Can anyone advise me:
1. Which EMI is crypto friendly , and will give dedicated IBAN
2. I will transfer EURO from Upwork to IBAN account
3. I want to use IBAN to pay exchange, or but from EMI directly.
4. I want to invest $30k/month in this bare market

i don't have any business, just a freelancer.

please advise what are the emi s I can try.

thanks in advance

 

[JohnnyDoe]

Hi, I work in upwork as a freelancer, Indonesian resident. I want to invest in cryptocurrency. Can anyone advise me:
1. Which EMI is crypto friendly , and will give dedicated IBAN
2. I will transfer EURO from Upwork to IBAN account
3. I want to use IBAN to pay exchange, or but from EMI directly.
4. I want to invest $30k/month in this bare market

i don't have any business, just a freelancer.

please advise what are the emi s I can try.

thanks in advance

Nebeus would work well for you but I don’t think they accept non-EU residents, like many other EMIs. The best solution is that you obtain a replica utility bill and pretend to reside in Europe.

 

[OffshoreMonero]

When i started looking more into P2P i realised that there are insane spreads in different parts of the world ( I'm talking 100% ROI PER TRADE).

Is it possible that they are paying into your EMI from stolen accounts?

Of course, all EMI's will deny yolo projects. That's what they are trained to do.

Damn. YOLO projects are the fun ones.

Which P2P platforms did you use ? Paxful , binance, kucoin ? I have noticed Nigerian users on paxful will buy Bitcoin at twice its value in bulk if you accept payment in gift cards.how one can redeem those is a different matter.

From my experience Paxful has a lot of gift cards for sale that are from victims of telephone scams.

The fraud is so wide spread you will even see gift cards for sale on Craigslist using watermarked receipts from Paxful.

 

[Lungi Man]

Nebeus would work well for you but I don’t think they accept non-EU residents, like many other EMIs. The best solution is that you obtain a replica utility bill and pretend to reside in Europe.

Hi Johnny, thanks for ur reply. Nebeus does not work for Non EU residents, is there any other crypto friendly EMI then I can try?

 

[JohnnyDoe]

Hi Johnny, thanks for ur reply. Nebeus does not work for Non EU residents, is there any other crypto friendly EMI then I can try?

most EMIs only accept EU residents. I don't know any crypto friendly ones for non-EU residents.

 

[Lungi Man]

most EMIs only accept EU residents. I don't know any crypto friendly ones for non-EU residents.

If I go with replica utility bill as residency document , what will raise red flag to get the account suspended ? please advise .. what method do you suggest to stay under the radar

 

[JohnnyDoe]

If I go with replica utility bill as residency document , what will raise red flag to get the account suspended ? please advise .. what method do you suggest to stay under the radar

use a VPN that matches your residence, and possibly also a phone number from the same country. Always login using the same IP.

 

[Lungi Man]

use a VPN that matches your residence, and possibly also a phone number from the same country. Always login using the same IP.

any advise on transaction limit? , (edited): is spectrocoin good for non EU persons?

 

[JohnnyDoe]

any advise on transaction limit?

build up gradually, remain consistent in your usage patterns and always be ready to provide supporting documentation. There is not a fixed limit, it all depends on your profile.

 

[Lungi Man]

build up gradually, remain consistent in your usage patterns and always be ready to provide supporting documentation. There is not a fixed limit, it all depends on your profile.

is spectrocoin good for non EU persons?

 

[JohnnyDoe]

is spectrocoin good for non EU persons?

I can't say, I had bad experience with Spectrocoin