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Showing 8 of 8 results by Pokerman69
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Topic
Board Service Discussion
Re: [LIST] Free EU bank accounts that you can be opened directly online
by
Pokerman69
on 28/12/2017, 20:52:17 UTC
I would suggest getting a Mistertango account and using it for bitcoin-related transactions. You can then transfer money from Mistertango to other EU accounts via SEPA. You get an IBAN account and a MasterCard and they are free to apply for. You will be charged for using the card on ATMs of course but that's nothing unusual. ATMs are specifically installed for a purpose: to rake in fees for the acquiring banks.

What I do is load bitcoins on my Mistertango account, then I use the MasterCard at shops and for online purchases. I transfer money from Mistertango to my account in Germany every month. No questions asked by the German bank. Why would they? They can see the money's source is another EU bank and it's an IBAN account in my name. Plus I always add a reference line: Transfer of personal funds for savings purposes. This makes the German bank happy. Grin   The important thing is to keep the amounts balanced and trimmed to a minimum. Don't send wildly large amounts because that is when alarm bells ring and they start asking questions and digging deeper into your financial life.



What kind of amounts are safe to send without alarm bells ringing?

Would any amount over €1k cause trouble or do you mean more like €100k ?

And can you confirm that you can add your own reference description when withdrawing from Mister Tango to your other local Bank account?
Post
Topic
Board Trading Discussion
Re: Cashing out Bitcoin into UK Banks?
by
Pokerman69
on 28/12/2017, 19:19:01 UTC
Create a bank account with MisterTango sell your bitcoins and transfer the funds to your new bank account. Then just make a SEPA transfer from Mistertango to your UK bank account. The bank will just see that you received a transfer from another account in your name (you get a dedicated IBAN)

Hey many thanks!
Will look into that right now!
Post
Topic
Board Trading Discussion
Re: Cashing out Bitcoin into UK Banks?
by
Pokerman69
on 28/12/2017, 17:50:31 UTC
I suggest calling your bank and ask them about it. If they allow crypto currencies trades, you should be fine and I believe there is in the UK a bank called Fidor which is crypto friendly.

Thanks, I spoke to my Bank who would not give a yes or no answer. They said they cannot give prior approval and all I could do was try a few transactions.
Of course this is not any use, I cannot risk having a large amount of money frozen in some dispute which may take ages to resolve if ever.
Post
Topic
Board Trading Discussion
Re: Cashing out Bitcoin into UK Banks?
by
Pokerman69
on 28/12/2017, 17:38:44 UTC
If you sell your bitcoins for p2p in cash in there there wouldn't be any problem, but if you are going to put that money in a bank, prepare your ass because you will need to pay a lot of taxes and you will be hardly interrogated


I have no problem at all paying the capital gains tax.
All I want is to be sure the money lands safely in my account and doesn't get frozen.
I spoke to Nat West and they said all I can do is make some trial payments. They cannot approve it beforehand.
If it gets flagged as an issue then you have to go through all the hassle of trying to unfreeze the transaction.
That isn't good enough.
I'm beginning to think that a lot of people thinking they are now very wealthy from crypto have little idea how difficult it is to actually cash out your money
Post
Topic
Board Trading Discussion
Cashing out Bitcoin into UK Banks?
by
Pokerman69
on 28/12/2017, 15:56:35 UTC
Hi, what is the latest situation regarding cashing out Bitcoin in the UK?
I have heard a lot of stories of people having their Bank accounts frozen or closed for bitcoin related transactions.
I have heard that Nationwide are OK to use, but also saw a post from someone who said Nationwide will not accept SEPA transfers from Bitcoin exchanges.
So what is the answer for cashing out £250k plus of Bitcoin in the UK?

All help much appreciated!
Post
Topic
Board Announcements (Altcoins)
Re: [HYP] HyperStake | Generous Reward Staking | Advanced Staking Controls & Wallet
by
Pokerman69
on 08/06/2017, 19:54:20 UTC
Very happy to hear of this coin this morning.
This is going to be very interesting to see how it progresses.

Still early days of course, lets see how far it goes!
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] XtraBYtes - The Proof of Signature Blockchain Revolution
by
Pokerman69
on 04/06/2017, 10:59:23 UTC
Yeah looks like XBY has plans to become a whole platform offering a range of services not just storage!
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] XtraBYtes - The Proof of Signature Blockchain Revolution
by
Pokerman69
on 01/06/2017, 15:02:15 UTC
Guys!!!!
XBY great news about to come vvvv soon!!!!!
Join our slack it's very very active!
All you peeps who missed the PIVX train at 2 cents???
This is your 2nd chance!!!
Check it out!!!!