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Searching for Crypto Exchangers with IBAN that are not flagged by commen european banks

M

Moskva777

New member
Jun 1, 2023
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0
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Germany
#1
Hi guys,

my italian banks are having huge problems with processing my payments to crypto exchangers like binance and kucoin. The problem is, that most banks already know these BICs and IBANs of crypto exchangers and raise the likelihood to just block the account.

If someone can help with an alternative that would be great and I would even pay for consistent information.

Greets
 
#7
Moskva777 said:
Hi guys,

my italian banks are having huge problems with processing my payments to crypto exchangers like binance and kucoin. The problem is, that most banks already know these BICs and IBANs of crypto exchangers and raise the likelihood to just block the account.

If someone can help with an alternative that would be great and I would even pay for consistent information.

Greets
Click to expand...
Wouldnt it be easier to find a bank(s) that allow such transactions? If transfers to exchanges / for ctypto are not allowed, then the consequences will be worse if they find out. They will.
Or use P2P.
 
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#9
Hi Moskva777,

That's nothing new. Money that you move to an exchange is money that the Bank System / States can't easily control.
Try a crypto friendly EMI like Bankera or other similar to interact with your exchange.
Good luck!
 
#10
You can look into Wallets issuing IBAN's in your Name like Wirex, Crypto.com etc. they issue usually an OpenPayd Malta IBAN under your Name so for your Italian Bank it looks like an Own Account Transfer.

The Problem with Crypto Exchanges giving you a Deposit Account in the Exchange Name is that at some point and size of the Crypto Exchange your Italian Bank will flag it as Crypto Exchange and Block Transfers.

As mentioned earlier another option is to put a Crypto Friendly EMI in-between your Italian Bank and a Crypto Exchange Deposit Account or if you look for a fully fledged Bank Account which is fine with Crypto related Payments to Exchanges you can look into Swissquote as well.
 
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#11
Fred said:
You can look into Wallets issuing IBAN's in your Name like Wirex, Crypto.com etc. they issue usually an OpenPayd Malta IBAN under your Name so for your Italian Bank it looks like an Own Account Transfer.

The Problem with Crypto Exchanges giving you a Deposit Account in the Exchange Name is that at some point and size of the Crypto Exchange your Italian Bank will flag it as Crypto Exchange and Block Transfers.

As mentioned earlier another option is to put a Crypto Friendly EMI in-between your Italian Bank and a Crypto Exchange Deposit Account or if you look for a fully fledged Bank Account which is fine with Crypto related Payments to Exchanges you can look into Swissquote as well.
Click to expand...
Correct
XBO give you account under your name too.
but yeah there is alot of options out there with EMIs
 
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#13
BarleyMalt said:
You can use this. It's in euros, they create an IBAN with your name, so your bank sees it as a personnal transfer. https://monerium.com/
Click to expand...

5. IBAN and SEPA Payments​

The IBAN and the SEPA payment services are provided by our third-party payment partners SatchelPay, UAB, with the legal code 304628112, registered address at Geležinio vilko g. 18A, Vilnius, LT-08104, Lithuania (hereafter referred to as “Satchel’’)
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and AS LHV Pank, registry code 10539549, registered address at Tartu mnt 2, Tallinn 10145, Estonia (hereafter referred to as “LHV”)
Click to expand...
problematic jurisdiction + problematic bank, but YMMV
 
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