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

[Moskva777]

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

 

[Bruce flea]

XBO

 

[Moskva777]

What IBANs do their offer? What BIC or country?

 

[Houdini]

https://www.xbo.com/

Interesting service, are they new since they won't have been flagged by the banks yet ?

 

[Bruce flea]

What IBANs do their offer? What BIC or country?

Cyprus - BIC: ISEMCY22

 

[Bruce flea]

https://www.xbo.com/

Interesting service, are they new since they won't have been flagged by the banks yet ?

Not sure to be honest I used them last week for the first time, The onboarding was complicated a bit took like 3 weeks
but the service is pretty good and cheap
Took 1 hours from sending sepa to Crypto

 

[W Fish]

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

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.

 

[Moskva777]

How should I use P2P, which platforms can you recommend?

 

[Spinnaker]

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!

 

[Fred]

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.

 

[Bruce flea]

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.

Correct
XBO give you account under your name too.
but yeah there is alot of options out there with EMIs