Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Trading Banks United Kingdom - Shut Down By Tide Bank
by
CryptoScotland
on 17/02/2018, 18:56:30 UTC
I don't think any UK banks are friendly to crypto sellers regardless of whether you are using a business or personal bank account. It's too high risk for them, closing your account is more profitable than the hassle/cost of AML and KYC checks it will bring later on.

Why don't you buy from one of those big traders then you will know which bank account they are using? My guess is they switch between a few accounts and/or are using accounts which can hide the trades ie they have businesses with a lot of deposits from non cryptocurrency sales.

Not many banks use Faster Payment so it's not a long list anyway.

Hi they use Santander and normal Business Account banks,  I have Business Accounts but problem is not buying but when comes to selling and 100 transactions in and out.

Banks should support it but nightmare in UK and now only trade small amounts ideally want to trade 5-10 BTC a day