Wise to Crypto best strategy?

[aiello]

the what is the issue? Wise only sees a 1st party transfer, feel free to continue doing so.

Then why people keep having their account frozen? I think they have some ways to know? Maybe their Iban have a particular range or something to identify them? Are you 100% sure there is no element whatsoever to determine the transaction is crypto related?

 

[jafo]

Then why people keep having their account frozen? I think they have some ways to know? Maybe their Iban have a particular range or something to identify them? Are you 100% sure there is no element whatsoever to determine the transaction is crypto related?

Try it yourself here with your Nexo IBAN: IBAN Checker: Validate & Check IBAN Number for Errors

 

[TheCryptoAnt]

Then why people keep having their account frozen?

idk g we live surrounded by idiots

I think they have some ways to know? Maybe their Iban have a particular range or something to identify them?

This is not how IBANs work. Nexo uses a Maltese EMI for EUR.

Are you 100% sure there is no element whatsoever to determine the transaction is crypto related?

Turbo confirmed, been ding this since they changed how to deposit EUR, 0 issues.

 

[jafo]

idk g we live surrounded by idiots

I laughed too hard at this! Reminds me of...

There is a popular adage on the island of Cuba that goes like this: ¡Estoy rodeado y NO es por agua!
Which, roughly translated, means: I am surrounded and it is NOT by water!

It alludes to being surrounded by idiots without calling them out by name or category. A subtle intellectual witticism and a play on the fact that Cuba IS surrounded by water.

 

[aiello]

idk g we live surrounded by idiots



This is not how IBANs work. Nexo uses a Maltese EMI for EUR.



Turbo confirmed, been ding this since they changed how to deposit EUR, 0 issues.

Thank, but Nexo told me only GBP deposit accepted from Panama, I have to convert using wise and doing so I guess, wondering the costs of doing so.

 

[TheCryptoAnt]

Thank, but Nexo told me only GBP deposit accepted from Panama, I have to convert using wise and doing so I guess, wondering the costs of doing so.

do the FX exchange in IBKR?

 

[diatessaron]

How do we know flagged accounts when p2p?

You can't. Wise usually finds them and ends them fast, I know for a fact that they scan P2P marketplaces for Wise accounts.

 

[prototypevenom]

I am in the same problem looking for a solution, got scammed by novel, and mercury and brex do not allow. Wise is left but there's a chance of killing the account

 

[DGTLOTC]

You're really over complicating this.
Open an Iban with an emo that does crypto on and off ramping

There's tonnes out there

I own and payments provider and work for a crypto prime broker. Do the above model and you'll be gravy

 

[bonox]

I am in the same problem looking for a solution, got scammed by novel, and mercury and brex do not allow. Wise is left but there's a chance of killing the account

Spectrocoin, Bankera, Intergiro all may be possible options.

 

[wellington]

Why not Wise-> Revolut -> Crypto platform (non-Exchange)
FYI there's tonnes of OTC's around also, they usually appear as Financial Institutions.. Fully KYC / AML as standard so you will have evidence for later.

Avoid an exchange -> That's where issues arise as the Exchanges are becoming targets for negative press.. which blows back on consumers...

 

[DGTLOTC]

That might look like layering

 

[jesuschrist]

Then why people keep having their account frozen? I think they have some ways to know? Maybe their Iban have a particular range or something to identify them? Are you 100% sure there is no element whatsoever to determine the transaction is crypto related?

Most EMIs keep track the IBAN structure of other EMIs, so even if you have "unique IBAN" on a platform they know that is not a real bank account but only an address in an EMI. Especially if it's a well known Crypto service like Nexo or Crypto.com, they know if an address is offered by them.

 

[Marshal]

Avoid an exchange -> That's where issues arise as the Exchanges are becoming targets for negative press.. which blows back on consumers...

Interesting. Why would you advise to avoid crypto exchanges? What's wrong with buying or cashing out crypto via Kraken for example?

 

[bonox]

What's wrong with buying or cashing out crypto via Kraken for example?

Interesting question, why are you guys don't suggest exchanges like kraken, binance etc. ?

 

[IllIlllIII]

I'm currently trying Wise -> Blackcatcard -> PerfectMoney(or Swissmoney) -> some cryptoexchange without KYC that accepts PerfectMoney.

 

[JohnLocke]

I tried a few times to purchase crypto at kraken with my Wise card. I didn't get any troubles as already mentioned here.

 

[captainnemo]

Since Wise is shutting down its business cards, now whats the best strategy for this?

I was thinking of buying on cake wallet with wise card but now this.

 

[clemens]

Since Wise is shutting down its business cards, now whats the best strategy for this?

I was thinking of buying on cake wallet with wise card but now this.

Your forgot to mention that it is only for US accounts! All others work fine.

 

[IllIlllIII]

I tried a few times to purchase crypto at kraken with my Wise card. I didn't get any troubles as already mentioned here.

Sure, it's absolutely legit to buy crypto with Wise Card, but fees on Kraken is too high 5-6%.