Post
Topic
Board Trading Discussion
Re: What is your preferred method of converting bitcoin (or other crypto) to fiat?
by
BlackBoss_
on 25/05/2024, 01:38:50 UTC
P2P works like magic to me since banks won’t be suspicious on fund transfers on my bank account because I have business which frequently gives me multiple transactions from other people for payment. P2P transactions from crypto makes it looks like a regular business transaction which gives me a space to breath from audit.
What is the P2P platform you use?

Because some P2P platform can have a template for their users in a bank transfer between two peers. The template can be one of hints that data analysts can look at and it's not easy to detect a common bank transfer template in many transactions.

Does your P2P platform give you a template information to use?

Quote
Choosing Centralized services is proven hassle when dealing with high amounts since they frequently notify banks about the transaction that it involves crypto which creates problem. I experienced freezing of bank assets just because I received too much fiat from crypto assets which bank doesn’t allow as part of their ToS.
How did they know you receive your fiat from crypto assets?

I would like to know, but if you think it's secret, I understand if you don't share and I respect your privacy.