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EU - Deposit/Withdraw from/to Fiat, best ways ...?


FotisNt

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Posted

I'am pretty sure there are allready some topics about it, but wasn't able to find any that covers especially for EU citiziens all possible ways how to deposit/withdraw from fiat.

Living the EU, in my country ALL banks stoped to accept wires/transactions from and to Bitcoin related exchanges, platforms, similar.
This raises the problem on how to deposit funds for buying bitcoin/altcoins and of course at some point withdraw some to fiat.

What is everybodies approach on this problem? So far i didn't think about it too much as a miner, but at some point soon or late i guess we have to convert something to fiat
and/or want to deposit and buy additional bitcoins...

While at coinbase their is the option to withdraw to a Sepa bankaccount, this does not help me a lot as my bank would just send it back not accepting the sepa wire. Reverse the same
of course if used for deposits which only leaves Debit Cards with smaller amounts in this special case.

I tried today to bypass this with transferwise. Did a Euro 2.000 sepa to my transferwise account and from there tried to send it to coinbase just to finding out that transferwise will NOT
support some transaction.

Now waiting for verification on mistertango, coinsbank, revolut, payeer, ... to see if there is any chance to have something working for deposit and withdraw within the EU.

I personally have no problems with verification, taxes, Know your customer, or whatever, so anonimity is not a problem for me, and i guess for a lot others as well not.

However, how is everybody doing the Crypto ==> fiat and fiat ==> crypto transactions/withdraw/deposits?

I'am aware of localbitcoins and similars, but i'am talking about something you can count at the moment without much hazzles each time. So i know that selling/buying to friends, localbitcoin is an option but i would like to discuss more about wire transferes, credit cards and so on.

Posted

From what people have told me, localbitcoins is your best bet. It is really not that complex to use. There are lots of people here on Stake who buy and sell bitcoin on localbitcoins, and it seems to work well for them.

Posted

You did not try to withdraw funds through some kind of exchanger to your bank card? As far as I know it works with my friends in the EU. As for the deposit, I cannot give an exact answer.

Posted

hello friend i am also used localbitcoins last one years and there is no harassment till now ,when  i  start buy or sell within 5 to 10 min completed all transactions.

Posted

me personally I very often use this 2 spectrocoin.com and btcdirect.eu. with both sites I do not have any problems to buy and sell crypto for and with fiat. when using them I mostly receive my money in my bank within 2-3 business days.  For smaller amounts I sometimes also use skrill and neteller. With both operators I have a debet card. through localbitcoins I sell btc and seller deposits into my neteller or skrill account and 5 minutes later I withdraw fiat at any atm

  • 2 weeks later...
Posted

I only trust localbitcoins to be honest since they are safer and the traders have reputation so they are very well known that is the reason. I trade only there and plus it is there almost all regions. 

Posted


Living the EU, in my country ALL banks stoped to accept wires/transactions from and to Bitcoin related exchanges, platforms, similar.
This raises the problem on how to deposit funds for buying bitcoin/altcoins and of course at some point withdraw some to fiat.

Yes it's pretty much impossible to do wiretrans in Europe no matter what country it is. 

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