Wise to CEX

[tetrarium]

Today I tried to transfer money from my wise account to CEX. I got a message from wise that the transfer to that recipient can’t be executed. In the past, I’ve sent money to CEX twice, without any problems.
Anyone else experiencing this?

 

[Member]

Wise (Aug 16, 2021)
"Unfortunately, we don't support transfers to Bitcoin or any other cryptocurrency platforms — but there's no restriction on receiving money from these platforms to your balances if they’re regulated."

 

[jason019]

Wise (Aug 16, 2021)
"Unfortunately, we don't support transfers to Bitcoin or any other cryptocurrency platforms — but there's no restriction on receiving money from these platforms to your balances if they’re regulated."

How to check regulation? Binance is regulated or advcash?

 

[boomy]

AdvCash is not regulated, Binance has troubles with authorities in various countries i.e. UK - not sure how regulated they are any longer.

 

[fredouille1973]

not many crypto exchanges are regulated, this is the problem

 

[Tr0nad0r]

Kraken, Bitstamp, Coinbase, Gemini and others are regulated.

Regardless of that, Wise only supports incoming transfers from those regulated exchanges, not outgoing transfers.

 

[DavidS]

Which crypto exchanges Wise allows sending to? Any info on this?

 

[Jonathan169]

Wise (Aug 16, 2021)
"Unfortunately, we don't support transfers to Bitcoin or any other cryptocurrency platforms — but there's no restriction on receiving money from these platforms to your balances if they’re regulated."

Check out GIB if you like Crypto, I was reading Yesterday they are about to go full-on with an official Crypto exchange and have granted 14 licenses already...maybe a good place to have a back-up "co".