Recent content by RobertNozick

There's so much useful info here, thank you again to everyone for sharing your experience. I've a last question: which is their policy regarding third party deposit/withdrawals? Also, do they ask for rigorous Proof of Funds or other supporting documentation for large crypto deposits?

Thank you very much!

Which is the name of Xapo's corrispondent bank? Are you sure that wire deposits will be in my own name with no mentions to XAPO?

Will I get a dedicated bank account? Originator wires will be in my name? My main concern is that if I make a transfer from XAPO to my bank account they know I'm involved in crypto business and ask me further documentation. Hey, have you already had the chance to try?

Will I get a dedicated bank account? Originator wires will be in my name?

You don't need a corporate account on Binance P2P. Sign up as individual, less hassle

It's better to conduct all the crypto sales through a business (i.e. an US LLC or similiar structure) than a individual bank account. Not only it gives you more credibility but it's way more easier to explain $20-30k incoming transactions from multiple third parties. For question 2 if you own...

No just find somebody on crypto P2P exchanges that want to buy your crypto and wire EUR/USD to you. USDT is very liquid and there are plenty of offers nowadays, even with a good rate 1.01-1.02 so eventually you end up earning a little bit from the cashout.

Never heard about such a thing except for PayPal

1) Enstablish tax residency in UAE (you can do it with a Freelancer Visa for $3-4k per year) 2) Incorporate a foreign-owned US LLC and open few bank accounts through Mercury/Novel/Wise etc. 3) Sell crypto through Binance P2P and send fake Consulting/Marketing invoices to your bank when...

Since when competiting private companies share each other financial records and sensitive data about their clients?

I expressed myself poorly. I meant to select EMIs (EU and non-EU) instead of regular bank accounts. It is well known that they have two very different levels of compliance. Most of the EMIs are located in the Baltic countries/UK but it is what it is. So you split deposits into small periodic...

Yeah, European mind cannot comprehend this. A soon as you don't involve EU banks + can give some plausible explaination (real or not) about the SoF of your crypto wealth, these amounts keep you a low profile and don't raise further investigations. Worst thing it can happen is that your account...

Find 5/6 EMIs and split deposits in $20-30k weekly transactions to stay under the radar. Just say they're trading profits and you'll be good

Mercury closed my account after recurring transactions with Circle Financial