๐ฅ TOP Crypto TIPS In My E-newsletter ๐
๐ป Get The High Offers In Crypto ๐
๐ฒ Coin Bureau Insider Channel ๐
๐ฆ Comply with Our Twitter ๐
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โฐ Time Stamps โฐ
1:53 Cryptos Downside With Banks
3:41 Why Do You Want A Crypto Pleasant Financial institution?
5:19 Nation Bans & Banking Restrictions
7:31 Chime Financial institution
9:25 Fidor financial institution
10:39 LHV Financial institution
13:00 Revolut
15:59 Banks To Keep away from When Shopping for Crypto
16:55 Trace & Suggestions To Keep away from Financial institution Freezes
18:42 The Newest Crypto Banking Updates
20:36 Ultimate Ideas
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๐ฆ Open A Crypto Pleasant Account ๐ฆ
โบ Revolut Account ๐
โบ ๐บ๐ธ Chime Financial institution:
โบ ๐ฉ๐ช Fidor Financial institution:
โบ ๐ LHV Financial institution:
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๐ Overview ๐
The web is suffering from horror tales of standard folks like me and also you shopping for cryptocurrency and having their checking account shut down. So, which banks are crypto pleasant and which international locations utterly ban shopping for crypto with a checking account? I’m going by way of all that and extra on this video.
๐ฆนโโ๏ธ Banks Are The Actual Criminals ๐ฆนโโ๏ธ
Why do banks take challenge with folks shopping for crypto? Nicely, they usually use the excuse that crypto is likely to be used for felony exercise and cash laundering. Thatโs a bit wealthy provided that the likes of Danske Financial institution bought caught laundering $234 billion. Additionally, itโs not as if USD and Euros arenโt utilized by criminals.
๐ง Why Get A Crypto Pleasant Account? ๐ง
Many individuals on the web have reported banks randomly freezing or shutting down their accounts for merely shopping for Bitcoin on Coinbase. So, getting a backup crypto pleasant account is likely to be a good suggestion.
๐ Nation Bans & Banking Restrictions ๐
The next international locations have outright banned crypto: Algeria, Egypt, Morocco, Bolivia, Ecuador, Nepal and Pakistan.
Nations with various ranges of banking restrictions: Russia, Saudi Arabia, Jordan, Iran, Bangladesh, China, Taiwan, Cambodia, Indonesia and Vietnam.
4๏ธโฃ Chime Financial institution 4๏ธโฃ
This on-line financial institution serves US prospects solely and you may handle all of your banking by way of the Chime banking app. You may also get your arms on a bodily Visa card, completely freed from cost.
So how is that this financial institution crypto pleasant? Nicely, they’ve a direct integration with the crypto market Paxful, which is a market permitting folks to purchase and promote crypto.
๐ฅ Fidor Financial institution ๐ฅ
This digital solely financial institution serves the German market. They really work in partnership with the Kraken and Bitcoin.de exchanges, with integration for close to instantaneous Fidor-to-Fidor deposits and withdrawals.
The financial institution has additionally traditionally actively sought enterprise from ICOs and crypto exchanges.
๐ฅ LHV Financial institution ๐ฅ
This banking choice is barely actually worthwhile in case you are an entrepreneur or crypto highroller. If thatโs you, then the excellent news is that you simply donโt must be an Estonian citizen to financial institution right here and may open up an account with an Estonian e-residency card.
They financial institution Coinbase so which means they’re comfortable coping with cryptocurrency.
๐ฅ Revolut ๐ฅ
This can be a digital solely banking app that additionally permits you to hyperlink a Visa card to your account. Revolut have established a status for low charges, flexibility and progressiveness.
All that’s showcased of their account creation progress. All you could do is obtain the app, register and take a photograph of your self and your legitimate ID.
One cool characteristic of the Revolut app is that you may maintain 29 completely different currencies and you may truly purchase or promote cryptos like Bitcoin, XRP, Ethereum, Litecoin and BCH.
Nonetheless, there may be one draw back, you can’t withdraw your crypto from the app. So, if you wish to maintain your cash, then you are going to have to make use of Revolut to purchase Bitcoin on the likes of Coinbase.
๐ Banks To Keep away from ๐
From my analysis, it appears that evidently TD Financial institution, Financial institution of America, Citigroup and PNC Financial institution are all ones to keep away from in case you are wanting to purchase crypto.
For these based mostly within the UK, it is best to know that Lloyds, Nationwide and Virgin Cash have all banned crypto bank card purchases.
๐ฐ Banking Information + Suggestions & Methods ๐ฐ
Iโm afraid youโre going to have to observe the video for these pearls of knowledge.
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๐ Disclaimer ๐
The knowledge contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who shouldn’t be a licensed monetary advisor or registered funding advisor. Buying and selling Foreign exchange, cryptocurrencies and CFDs poses appreciable danger of loss. The speaker doesn’t assure any explicit consequence.
#crypto #bitcoin #btc #banks #revolut #buying and selling
Source: Coin Bureau
43 Responses
Hey Guys! Hope you find the video useful. Just to mention that I know the crypto on Revolut is can't be withdrawn but I mention that in the video. It was just a passing comment. The real value is in having an account that can send / receive funds from an exchange like Coinbase / Binance. Some Revolut users say that buying crypto with the Revolut card is difficult but tbh, you should not be buying with the card anyways (massive payment processing fees at the exchanges). Revolut is great for wiring funds (ACH, SEPA, Swift) to the exchanges. Many of my mates do this with no problem.
Some other people have suggested I take a look into Bitwala which I will be doing this week. I will do a followup vid in the next 2 months or so that looks at banks in more countries. Oh, and because some people still ask – if I don't say something is sponsored then it is not. YouTubers have to be completely transparent upfront. This was just a general interest video for you guys ๐
Oh yeah – if you want to keep up to date with my trades and market thoughts – don't forget to jump into my TG Channel or Follow us on Twitter!
https://t.me/cbinsider
https://twitter.com/coinbureau
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Well, we need to bypass the banks fullstop .
So far I had no issues using for buying and depositing with GBP with my personal HSBC Debit/Credit Card
Can you please update this video to include your 2021 USA recommendations? Thank you sir.
avoid all big banks, BoA, WF, Citi, Chase, US bank, Capital One, and PNCโฆ
An updated video would be great given Iโve yet to find any UK bank that is positive on crypto. ๐
Thank you Guy
The best decision I ever made in my life was investing in financial market trust me guys, it pay alot . And I have come to realize that trading bitcoin is more profitable than holding it and waiting for it to skyrocket๐ฅต
Iโm new to trading and I donโt understand how it really works.can someone guide me on the right approach to investing and making profit from crypto trading?
Revolut is 100% the best
We really need an update on this. Who can we (non-US, non-European) create an international bank account and transfer our binance gains to that account and use it through a Debit card.
@coinBureau
Mrs Anna is legit and her method works like magic I keep on earning every single week with her new strategy
While it is regulated in Canada you shouldn't be fooled. I have checked with 5 major banks at this point as I am ironing out how I am going to take profit and every bank so far has blacklisted anything to do with crypto, I cannot even move Canadian dollars from an exchange to an account. So the Canadian government wants to tax me on my gains while I don't have the ability to access them….
Iโm sorry but I have a chime account nd I can not buy anything on coinbase wit my chime account I canโt buy crypto and Iโm in America wat kinda bull shit is dis man
Yes my bank froze my account for buying crypto "Nationwide" in the UK loads of aggro had to go the the bank branch twice and card cancelled had to wait a week without access to my bank account
At least when you called the bank you can get someone to answer the phone and help you with your account good luck with that with crypto
Seems revolut bank in the UK is not covered under the Financial Services Compensation Scheme. Just so people are aware
Crypto safety, ๐๐๐
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Banks in America are full of shit! I have chase and they hung up on me saying that my funds is their money. I was super pissed. These bankers are a mafia and thugs and really are doing anything they can to keep the poor at the lowest!!!! Fuck America!!!!!!!!!
great information, thanks. Does it make a difference if your account is either a personal or a business account?
Bank of America just restricted me from funding Bittrex .
Banks can't compete with crypto returns… Banks only let you deposit shitty government backed coins
Avoid Halifax.. They will lock you out
I have heard so many disappointing tales about Revolut. A lot of users can't deposit fiat from exchanges to their Revolut account
Haha Danske Bank is a big joke here in DK! They do money laundering, but they won't accept crypto gains from investors!
Any updates on banks? Recently I asked my bank that I would like to transfer funds from crypto exchange, they said, it won't be accepted. My next option is to move to the UK or Germany. Any good Banks you would recommend as of 2021?
Bank of America is OK for purchasing crypto, although I assume that they report transactions (movements of money to crypto exchanges) to FinCEN. [Whether B of A is good when it comes to SELLING crypto, I don't know].
Crypto to the moon ๐ฑ๐ท
+1. 9. 7. 2. 5. 2. 5. 4. 6. 1. 7
I doint know how Mr victor Dawson does it, allj I know is that he knows the Bitcoin and forex trading like it's he's own farm!
Wow that's amazing
I've been seeing good reviews about this Mr Dawson on Twitter lately please how do I contact him??
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Positive remarks is all I have read and heard about this Mr Victor for a while now. Would try this out with my 3.2Btc
No doubt Mr Dawson Is very good I invested $5,000 and cashed out $14,700 after 3 weeks I sill wonder how he gets he's analysis.
Nordea has blocked every exchange I can find. I'm trying with Revolut, but it has blocked Binance, OKEx and Coinbase as well. Wth
my bank just blocked coinbase transactions if you a danish citizen boycott coop bank and their products. worst and the most rude customer service in the world. i hope their bank reach bankruptcy.
Hello Guy! Im from Ecuador, and actually the Central Bank of Ecuador establishes that cryptocurrencies are a legal asset, but you cannot locally trade it… but that cant be regulated… I can trade it in Binance and is totally legal… ALOT of people in Ecuador mine, buy and trade crypto… Regards!
Which banks are best crypto friendly for the residents in India and Middle East?
Revolut in UK asked me to disclose all my transaction on Coinbase. They could not clearly explain why. I refused. They blocked my account. On the other hand No issues with Barclays in UK.