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What EMIs Allow Withdrawal from Kraken or Other Major Exchanges?

something ive been doing with TransferWise is sending money directly from Paxos ($PAX). I just redeem the amount i need on the platform and wire to my USD account in TransferWise. No fees, KYC on Paxos is simple, and I get my money on the same day. And its not obvious its crypto related money as well.

Is it possible to redeem money from the Paxos platform as a business also? If yes that would be really beneficial for us that trade crypto using an offshore IBC. Redeem from Paxos and send to Transferwise, spend with their business debit card. No taxes, heaven!
 
You need an EMI has crypto wallet and fiat wallet together. Kraken BTC -> Wirex BTC wallet -> Exchange (1%) to any currency EUR, GBP... and use the fiat wallet of Wirex to transfer to your bank account.

There are many ways of doing it, your bank may just has already blacklisted major exchanges Kraken, Coinbase, Bitfinex , Luno. etc.. You can use a not so well known exchange with fiat walllet and try transfer to your bank. If that works good for you.

You can try Wirex, SpectroCoin, since they can exchange BTC internally .. and your bank doesnt sees them as crypto exchange. (Of course it comes with a fee, they need to make money too right)

Just my 2 cents.
 
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Is it possible to redeem money from the Paxos platform as a business also? If yes that would be really beneficial for us that trade crypto using an offshore IBC. Redeem from Paxos and send to Transferwise, spend with their business debit card. No taxes, heaven!
Can you sharw with me platform work with Paxos, i have PAX coins and want to send them to my transferwise.com i have business and personal account with them.
 
Yes this works for withdrawing btc only... Wirex doesn't like to send Fiat money to kraken Fiat wallet, I tried transaction it but denied. But.. using wirex exchange to btc and send to kraken is good. 1% fee.. for exchange.
Always try with small amount... I didn't send my btc to kraken btc wallet, but I send it to binance... It's uses btc wallet address .. should work
 
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something ive been doing with TransferWise is sending money directly from Paxos ($PAX). I just redeem the amount i need on the platform and wire to my USD account in TransferWise. No fees, KYC on Paxos is simple, and I get my money on the same day. And its not obvious its crypto related money as well.
Still, we need to be vigilant if TW may block the account as they state that they would have no issue of receding funds from crypto exchange under the condition where there is bank account with your name on it.
 

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