from crypto to interactivebroker

[lonizzita]

Hi,
what banks do you recommend for me to transfer from crypto to FIAT,
and then transfer to interactivebroker, without having problems
thank you

 

[ActionMan]

You've got to go the P2P/OTC route for this one.

for banks, you have lloyds For UK COs, Hang Seng HK (if you have a HK company) or OCBC (if you have a singaporean company) and ADIB (if you have a UAE entity).

 

[RobertNozick]

Until yesterday you could've deposited crypto on TradeStation, bought stocks and ACATS-transferred the shares to IBKR.
Unfortunately they just shut down their crypto business and now I need an alternative too.

 

[Bill D]

Until yesterday you could've deposited crypto on TradeStation, bought stocks and ACATS-transferred the shares to IBKR.
Unfortunately they just shut down their crypto business and now I need an alternative too.

Does IBKR allows you to onboard when you have crypto SOF ? (on the wealth questionnaire)

 

[RobertNozick]

Does IBKR allows you to onboard when you have crypto SOF ? (on the wealth questionnaire)

Yes I was asked to send them the screenshot of my crypto exchange balances (it was FTX lol).

 

[Mercury]

Yes I was asked to send them the screenshot of my crypto exchange balances (it was FTX lol).

As they onboarded you knowing with proof your income comes from crypto, aren't you able to wire transfer Fiat money to IBKR directly from crypto platforms?

 

[RobertNozick]

As they onboarded you knowing with proof your income comes from crypto, aren't you able to wire transfer Fiat money to IBKR directly from crypto platforms?

IBKR doesn't support third party deposits.

 

[Mercury]

IBKR doesn't support third party deposits.

Indeed, but some crypto platforms offer personal IBAN.
Nexo for instance offer a Personal EUR Bank Account, maybe it worths a try.

 

[TheCryptoAnt]

Nexo for instance offer a Personal EUR Bank Account, maybe it worths a try.

I tried this but they only process 1st party outs (so, to your own name), sadly.

 

[JimBeam]

Until yesterday you could've deposited crypto on TradeStation, bought stocks and ACATS-transferred the shares to IBKR.
Unfortunately they just shut down their crypto business and now I need an alternative too.

To bad it's discontinued!