Bitcoin friendly Banks or EMIs

[mrau]

Revolut now offer Bitcoin/Litecoin/Ethereum purchases from within their app.

https://www.revolut.com/cryptocurrency?lang=en

How I wish they would accept non EU residents .......

 

[Emily Rimlins]

Wonderful @Emily Rimlins . It's great to know such positive feedback about BoC. I'll have a think about them too!

I've been browsing the BZWBK website with the aid of the translator, and in the online opening section it seems you have to be Polish to proceed online. The "Citizenship" field in the form cannot be changed from "Polish" as well as the address form which only allow addresses in Poland. Perhaps, for foreign citizens it's necessary to apply by phone/e-mail.

I am sorry, perhaps you are right. We usually deal with a bank manager but I guess the best thing to do would be to complete a contact us form and explain what you need (and why you need it...answers below) and then they will get back to you.

Why open a bank in Poland?
1. "I am aware of the stability of Polish Banks and want to utilize their safety"
2. "I do not trust Cyprus banks due to the fact that recently client deposits were cut"
3. "I make a lot of currency exchanges and as Polish banks have the lowest fees, I want to utilize this"
4. "Polish banks are classed as some of the best in Europe and I want to hold my funds there"

Hope this helps!

Em

 

[mrau]

Thank a lot Emily! It's very kind and helpful from you.
The answers list is great. I think I'll go for a mixture between number 1,4 and 3 with the difference that in #3 my problem is not that much the currency exchange (though is still a problem) but also the extremely high fees the banks charges here to receive a wire transfer. Many of them have a minimum rate between USD 100 and USD 145 which increases with the amount received.

 

[Emily Rimlins]

Thank a lot Emily! It's very kind and helpful from you.
The answers list is great. I think I'll go for a mixture between number 1,4 and 3 with the difference that in #3 my problem is not that much the currency exchange (though is still a problem) but also the extremely high fees the banks charges here to receive a wire transfer. Many of them have a minimum rate between USD 100 and USD 145 which increases with the amount received.

You're most welcome!

Best of luck!

Em

 

[JohnLocke]

Revolut now offer Bitcoin/Litecoin/Ethereum purchases from within their app.

https://www.revolut.com/cryptocurrency?lang=en

Any personal experience? This sounds really great and like a solution many are looking for!

I opened a new thread to discuss this company Revolut.com - Reviews - Discussion and personal experience!

 

[curiousmarv]

I think this list from Emily is misleading. All the mentioned EMIs are NOT crypto currency friendly

Just some examples I know of:

• Revolut is only bitcoin friendly to their own in house crypto (which you only get by getting premium). Revolut does not allow sending money to trading places like kraken or even bitstamp (which they work together). And I would not wonder myself if they do not allow wire transfer from this trading places.
• Google for Leupay and bitcoin / crypto. They do not want that.
• Paysera has clearly in their terms that you are not allowed to use Paysera for crypto activity in any kind.

If you want a crypto friendly EMI maybe go better for mistertango or better advcash.

 

[Luigi]

Has anyone tried this one?
The first Real Bitcoin Bank | the best deposit accounts – in cryptocurrency

 

[superman]

Has anyone tried this one?
The first Real Bitcoin Bank | the best deposit accounts – in cryptocurrency

Seriously?
I'm wondering if someone would really use them:
most important this is not a regulated Bank (mostly no bank at all)
nowere stays who is behind
domain behind privacy service registered

 

[jryan54]

I understand. But I have nothing but positive feedback for Bank of Cyprus (I use them personally). Hellenic and Alpha are a pain but BoC is great. Have a think, maybe they are a good option too...

Our experience with Hellenic was fairly negative as well. BOC are much easier but im not sure I would put them on the same "ease of use" list as some of the other offshore jurisdictions banks.

 

[off42]

You're most welcome!

Best of luck!

Em

hi! I admire your knowledge of this topic!
Please let me know if I can contact you directly by email or any messenger?

 

[Emily Rimlins]

hi! I admire your knowledge of this topic!
Please let me know if I can contact you directly by email or any messenger?

Hello!

Yes of course, you can ON me here. It's a pleasure to share knowledge!

Thanks,

Em

 

[off42]

Hello!

Yes of course, you can ON me here. It's a pleasure to share knowledge!

Thanks,

Em

I need to open a current account for crypto currency exchange on the basis of biggest FX Broker, so 100% not a scum project. Now I have negotiations with some banks, but it's going hard.

Bunq's support answered me:
Thank you for getting in touch with us.
We are currently not looking into these types of proposals, as we are taking care of this internally.
However, if anything changes, we will surely let you know.

ABN AMRO:
Unfortunately we cannot, we have no policy for cryptocurrency at the moment. We nevertheless wish you all the best in finding a fitting banking relationship for your client.

Fidor asked company's profile documents, but now they are silent for a week.

Mistertango agreed to open an account, but this is EMI, not a bank...

I think with such kind of business it's a bad idea to contact with bank through public support, it will go better if I can contact directly with compliance departments.

 

[Emily Rimlins]

I need to open a current account for crypto currency exchange on the basis of biggest FX Broker, so 100% not a scum project. Now I have negotiations with some banks, but it's going hard.

Bunq's support answered me:
Thank you for getting in touch with us.
We are currently not looking into these types of proposals, as we are taking care of this internally.
However, if anything changes, we will surely let you know.

ABN AMRO:
Unfortunately we cannot, we have no policy for cryptocurrency at the moment. We nevertheless wish you all the best in finding a fitting banking relationship for your client.

Fidor asked company's profile documents, but now they are silent for a week.

Mistertango agreed to open an account, but this is EMI, not a bank...

I think with such kind of business it's a bad idea to contact with bank through public support, it will go better if I can contact directly with compliance departments.

Hello!

You can open a current account in BZWBK in Poland. I will get you the Head of Compliance email tomorrow when I am back at my desk, I can't access my emails from here. We open many accounts for Bitcoin exchanges there so we know it works.

Thanks!

Em

 

[off42]

Hello!

You can open a current account in BZWBK in Poland. I will get you the Head of Compliance email tomorrow when I am back at my desk, I can't access my emails from here. We open many accounts for Bitcoin exchanges there so we know it works.

Thanks!

Em

cool! Thank you!

 

[Paul]

This thread have lots of info, under one roof. Thank you @Emily Rimlins and others for their contributions.

By chance any of you know any bitcoin friendly bank which is Asian friendly and have options to fund the account through debit cards?
There won't be much of withdrawals from that account. I'm not looking for tax evasion or anything everything legitimate.

Thank you in advance.

 

[Brutus]

@Emily Rimlins don't post the email in the public forum like that. The person is likely to receive a lot of request now for accounts (even fraudulent ones) which may raise suspicion and stop the method from working. And the email is going to get picked up and used by spammers. Just saying if the contact is valuable to you.

 

[Emily Rimlins]

@Emily Rimlins don't post the email in the public forum like that. The person is likely to receive a lot of request now for accounts (even fraudulent ones) which may raise suspicion and stop the method from working. And the email is going to get picked up and used by spammers. Just saying if the contact is valuable to you.

I have reported the post for Admit to delete it. You have a strong point.

 

[JohnK]

I am sorry, perhaps you are right. We usually deal with a bank manager but I guess the best thing to do would be to complete a contact us form and explain what you need (and why you need it...answers below) and then they will get back to you.

Why open a bank in Poland?
1. "I am aware of the stability of Polish Banks and want to utilize their safety"
2. "I do not trust Cyprus banks due to the fact that recently client deposits were cut"
3. "I make a lot of currency exchanges and as Polish banks have the lowest fees, I want to utilize this"
4. "Polish banks are classed as some of the best in Europe and I want to hold my funds there"

Hope this helps!

Em

Hello!

You can open a current account in BZWBK in Poland. I will get you the Head of Compliance email tomorrow when I am back at my desk, I can't access my emails from here. We open many accounts for Bitcoin exchanges there so we know it works.

Thanks!

Em

Our experience with Hellenic was fairly negative as well. BOC are much easier but im not sure I would put them on the same "ease of use" list as some of the other offshore jurisdictions banks.

@Admin where are you? this is all off topic and need to be moderated - all posts reported

Anyway, great information!

 

[asd]

This is still the most valuable thread on this topic. Would it be helpful if I created a thread and kept the OP updated with personal and corporate accounts who are supposed to allow crypto activity?

Does anyone know any banks which are able to receive USD payments quickly? Who do Coinbase or Kraken use for USD?

 

[icecold]

@asd did you open an account with the BZWBK in Poland bank ? how is their Internet banking and do they offer a debit card?