Crypto currencies

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This topic contains 15 replies, has 7 voices, and was last updated by  RichardG 2 months, 1 week ago.

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  • #2661

    Kevin
    Participant

    I’ve been always a fan of crypto currencies. They’re fast and cheap to transfer regardless of location. I’m still amazed by the fact that I can lodge my cash into bitcoin ATM in Asia, transfer it to the bank account in Europe 5 minutes later and receive it by the evening with minimal to none fees.

    Below are some of the services that might be useful for some:

    https://my.bitwa.la/send/who – bank transfers to most Europe, account with VISA debit card after registration available

    https://coinatmradar.com/ – map of bitcoin ATMs for instant cash withdrawals and lodgements

    https://www.bitbay.net/ – same as bitwala, basic registration required

    https://www.bitwage.com/ – payroll system

    https://localbitcoins.com/ – plenty of buy/sell options including face to face for cash or by post in most cities

    Due to popularity of polish prepaid debit cards:

    https://inpay.pl/rachunki/ – transfer of up to 10000 Polish Zloty ($2600?) worth of BTC into a PL bank account. Cleared the same or next day. No verification

    https://inpay.pl/atm/ – card free ATM withdrawals in Poland. All you need is a local simcard. No verificaion

    • This topic was modified 1 year, 2 months ago by  Kevin.
    #2708

    Bob
    Participant
    #4226

    RichardG
    Participant

    I am having a look at Capitalist website, but I cannot see any reference to bitcoin.

    #4233

    Bob
    Participant

    Plastic and virtual cards Capitalist Prepaid Visa

    Of Prepaid Visa Capitalist – Universal Visa card to withdraw cash and non-cash payment for goods and services, both on the Internet and in real time, available 24 hours a day, 7 days a week?.

    Benefits
    Free shipping and card issue
    The minimum set of documents for obtaining a card
    Cash withdrawals at ATMs around the world in a convenient currency for $ 1.99
    Express courier delivery in 4 days
    Capabilities
    Payments for online stores and POS-terminals – free
    Access to personal funds and on your card statement in the online mode
    Recharge cards just $ 0.99
    The maximum amount of the daily replenishment of: $ 20,000

    * More information is available in “section Tariffs .”

    Bob Cares.

    #4234

    Dave
    Participant

    I’ve been always a fan of crypto currencies. They’re fast and cheap to transfer regardless of location. I’m still amazed by the fact that I can lodge my cash into bitcoin ATM in Asia, transfer it to the bank account in Europe 5 minutes later and receive it by the evening with minimal to none fees.

    Below are some of the services that might be useful for some:

    https://my.bitwa.la/send/who – bank transfers to most Europe, account with VISA debit card after registration available

    https://coinatmradar.com/ – map of bitcoin ATMs for instant cash withdrawals and lodgements

    https://www.bitbay.net/ – same as bitwala, basic registration required

    https://www.bitwage.com/ – payroll system

    https://localbitcoins.com/ – plenty of buy/sell options including face to face for cash or by post in most cities

    Due to popularity of polish prepaid debit cards:

    https://inpay.pl/rachunki/ – transfer of up to 10000 Polish Zloty ($2600?) worth of BTC into a PL bank account. Cleared the same or next day. No verification

    https://inpay.pl/atm/ – card free ATM withdrawals in Poland. All you need is a local simcard. No verificaion

    Kevin – thnak you so much for your sources – do you think you can tell me which of these you used to perform the transfer operation you described ta the start of your post?

    Dave

    #4236

    Kevin
    Participant

    I suggest to pick provider from a country or operating in currency you’re transferring money to. Why? First, you avoid high fees. Second, money is being sent most likely form a bank account in the country of destination. So it gets there faster. Even the same day sometimes.

    ATM: You can lodge money to your bitcoin wallet using any bitcoin ATM. They are operated mostly by local companies so can’t recommend a particular brand. Once it’s on your wallet it’s easy.

    BANK TRANSFER: Each has its own unique benefits. For example Bitwala is charging only 0.50% for pretty fast transfers within Eurozone (money arrives next day in my case). Bitbay allows you to buy/sell major crypto currencies up to €15,000 with email only verification but they’re not that good with withdrawals.

    #4237

    BeCompliant
    Participant

    Some bitcoin debit card providers:

    https://capitalist.net/

    https://spectrocoin.com/en/bitcoin-debit-card.html

    https://cryptopay.me/bitcoin-debit-card

    https://www.e-coin.io/

    I believe that AdvCash is a better alternative to the mentioned payment systems – at least at is regulated by Belize IFSC. Other companies on your list operate without any regulatory permissions.

    #4240

    Bob
    Participant

    Well all issue credit cards via WaveCrest/Gibraltar.

    The Owner of the System is Capitalist Inc., a company registered under the legislation of the British Virgin Islands, the Head Office located at: Geneva Place, Waterfront Drive, PO Box 3469, Road Town, Tortola, BVI.

    Spectro Finance Ltd, 78 York Street, London W1H 1DP, United Kingdom

    Cryptopay Ltd is a company registered in England and Wales registration number 08730592. For the purpose of the Data Protection Act 1998, Cryptopay Ltd is registered with the ICO with number ZA029520.

    Wirex Limited (CRN 09334596) 25 Old Broad Street, London, EC2N 1HN, UK.

    3 are UK based companies, while Capitalist could be catagorised as ‘vague’.

    You prefer doing business with a company based in Belize, a company that adheres to the strict compliance procedures of Belize. 🙂 I would lump AdvCash and Capitalist under the same banner, as they probably target the same clientele: “Россияне”.

    Bob Cares.

    #4241

    The Bull
    Participant

    I have used AdvCash in past and now I am using Capitalist in full. AdvCash was fine, no problems at all, Capitalist is just my personal preference, because of interface and little more options. They both have super good support. IMHO Capitalist have little more reputation points over AdvCash in russian community, becaue they are more connected with their customers and all community. They make parties, participating in webmaster venues, etc..
    Anyway if you decide to use any of these systems, I will be glad if you can register through my affiliate link, tell me and I will post it, as I don’t want to spam without reason. I am testing is it worth to promote them in my projects as affiliate.

    • This reply was modified 7 months, 1 week ago by  The Bull.
    • This reply was modified 7 months, 1 week ago by  The Bull.
    #4251

    Kevin
    Participant

    Dave, Bitwage just launched unique IBANs for verified users so you might not even need need bank anymore. As soon as it’s in your btc wallet (few minutes) its on your standard account in Europe.

    #4260

    RichardG
    Participant

    Kreken has added USD founding in USD for non-US people, but you can withdraw in EUR, if you are from EU. It is useful if you have a company getting fiat in USD but you need EUR. However, the payment must be made to a Tokyo bank in USD!

    Institutional accounts with Kreken are quick to setup, even for US companies with non-US managers.

    inpay.pl does not accpet US customers or company, they told me that after making a payment! They said the payment will be sent back… I hope so 🙁

    Bitwala is nice, I just started to use it. However, I am wondering the kind of reporting they are doing (AEOI). Capitalist seems a bit better on the AEOI? I guess BVI are subject to AEOI and it should depend on the bank too? Bitwage is US based, but they might be using an EU bank.

    Most of Bitcoin card and bank transfer provider, providing services for EUR currency, allow only SEPA, so Montenegro, for instance, is out, even though Montenegro currency is EUR.

    There are other companies in EU where to get EUR from bitcoin, Bitpanda, litebit.eu, but I think they all support only SEPA, not just EUR based bank accounts.

    The bank used by Kraken for withdrawing EUR, allows only SEPA too.

    My point is that is you need to use you money with a card charged with bitcoin, fine, but if you need to move 100k USD… or even 10K… it is better to use banks.

    Plus, exchanges in the US have good XBT/USD rates, in EU exchanges rates are lower, an on 5K USD, you might loose $2-400.

    #4273

    Kevin
    Participant

    Inpay will refund your funds, don’t worry. They’re a legit company.

    Have you tested Bitbay? Unlike others they don’t limit themselves to bitcoin. There’s a lot of altcoins that are much better than bitcoin in my opinion.

    Uphold is also good, they operate in all major currencies and offer virtual cards. They also have ETH and LTH. They accept US people and entities.

    #4274

    RichardG
    Participant

    Thank you, I will check them.

    Inpay, after asking many questions, sent me the bitcoins. They seems to be interested only in locals, not sure if only Polish or EU.

    #4300

    Bob
    Participant

    Is anyone aware of a publication that details the numerous legal environments concerning bitcoin/crypto currencies in Europe, and the associated AML/KYC legislation ?

    Is there an overview available of the various AML/KYC laws in Europe ?

    (
    – ie what would be the best jurisdiction to operate a crypto currency exchange in;
    – which jurisdiction offers the best ‘light touch’ regulations;
    )

    Thanks.

    Bob Cares.

    #4303

    merliot02
    Participant

    Is anyone aware of a publication that details the numerous legal environments concerning bitcoin/crypto currencies in Europe, and the associated AML/KYC legislation ?

    Is there an overview available of the various AML/KYC laws in Europe ?

    (
    – ie what would be the best jurisdiction to operate a crypto currency exchange in;
    – which jurisdiction offers the best ‘light touch’ regulations;
    )

    Thanks.

    https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

    http://www.loc.gov/law/help/bitcoin-survey/

    • This reply was modified 7 months ago by  merliot02.
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