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UK LTD to buy CryptoCurrencies

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shekhbinshekh

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Jan 16, 2021
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#1
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Hope everyone is well.

Quick question, I have a ecom company in UK and business account.
What is the best way to buy approx 50k worth of bitcoin each week considering how strict uk banks are with buying bitcoin.
I have corporate accounts at kraken and binance but scared to try anything as I dont want my business account frozen
and get cashflow issues.
 
#2
You have a few options actually.

a) You ask your bank if they have any issues with crypto or if you transfer money from your account to kraken or binance, if they are fine with that, which many banks are, you have not to worry.
b) you use an EMI that will allow transfers from your business account and to kraken or binance.

First step would be to ask your bank to avoid unnecessary trouble.
 
#4
Most UK banks won't accept the payment to Kraken and equally most EM's will not, there are a few but regular purchases will get blocked.
 
Last edited:
#5
Admin said:
You have a few options actually.

a) You ask your bank if they have any issues with crypto or if you transfer money from your account to kraken or binance, if they are fine with that, which many banks are, you have not to worry.
b) you use an EMI that will allow transfers from your business account and to kraken or binance.

First step would be to ask your bank to avoid unnecessary trouble.
Click to expand...
Hey there. Thanks for reply, I forgot to say but it is Tide Bank. Which their ToS says cyrptocurrency trading not allowed, although i just wanna buy lol. Not buy and sell and move around. Although some people say Tide is pretty chill, I do not want to take the risk
 
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