Crypto friendly banks that don’t ask for the impossible

[jeffbean]

I’m looking for bank account to off ramp some legit crypto profits.

I’ve had some problems with Wise and Revolut in the past and the robotic source of funds questions being asked by someone who has know idea of how crypto works.

Can anyone recommend a bank that understands the complexities of not being able to trace every transaction due to closed exchanges, dexes, swaps etc…..?

 

[Clank]

Wise and Revolut aren’t crypto friendly, even if Revolut offers crypto in some countries it’s widely known you should avoid using them.

You can use Nexo exchange, all of their outgoing bank transfers come under your own name and not on Nexo name so your bank won’t give you that much trouble.

 

[TheCryptoAnt]

I’m looking for bank account to off ramp some legit crypto profits.

I’ve had some problems with Wise and Revolut in the past and the robotic source of funds questions being asked by someone who has know idea of how crypto works.

Can anyone recommend a bank that understands the complexities of not being able to trace every transaction due to closed exchanges, dexes, swaps etc…..?

tbh after all my years in crypto your best bet is to create the documents necessary for the compliance department to go away.

Most people are not crypto native and wont (and cant, honestly) understand what your situation is.
Just give them what they want.

 

[Martin Everson]

Can anyone recommend a bank that understands the complexities of not being able to trace every transaction due to closed exchanges, dexes, swaps etc…..?

It's not that simple. A lot depends on your personal circumstances i.e an Irish guy in Ireland with $50k will require less due diligence than a Afghani man in UAE with $50k. There is not a one size fits all as one clearly falls into a higher risk bracket for a bank. Your situation to us is unknown.

 

[Nomadguk]

tbh after all my years in crypto your best bet is to create the documents necessary for the compliance department to go away.

Most people are not crypto native and wont (and cant, honestly) understand what your situation is.
Just give them what they want.

So you just make it up? How does it work?

 

[TheCryptoAnt]

So you just make it up? How does it work?

create agreements, invoices, etc
or trade records

ask chatgpt fr

 

[Nomadguk]

create agreements, invoices, etc
or trade records

ask chatgpt fr

Dang mate. This sounds new.

I'm learning a lot from this forum ahha

wouldn't it a problem if you get caught though.