/biz/ - Business & Finance

>>25734750
This is exactly why crypto is booming and will continue to do so.

>>25734750
yes warn the cattle instead of just seizing their money... thanks for the heads up retards

>>25734750
I'm pretty sure certain banks do that here in the states. We're all ruled by gangsters.

>>25734750
Where we going you wont need that kike fiat.

>>25734750
im never going to be able to leave this hell island

>>25734750
How can people read this and not see what clown world we live in

>>25734750
>cashing out to fiat
retard tier, i'm cashing out to USDC and farming it

>>25734750
UK anons what what are our options for cashing out? Binance doesn't do PayPal as far as I know

>>25734912
I'm with HSBC but I'll be using Monzo until this idea inevitably spreads

>>25734851
One of my banks won't let me do an ACH to crypto.com and charges an international fee if I do a debit card transfer (plus crypto.com charges a free now too). Get the fuck out of here with that bullshit. Luckily I have 5 different bank accounts and there's so many rent seeking usury companies here that I'll just move banks whenever one stops letting me access my own fucking money

Bullish for exchanges like Kraken that are securing the licenses to become banks as well. Greedy old money bankers are going to get left behind in the dust and hopefully left to rot in retirement homes when fiat crashes with no survivors.

>>25734912
>>25734944
another bong got v& after he cashed out, his bank (Natwest) filed an AML report to the NCA
>>/biz/thread/S23831947#p23832060

>>25734750
>hsbc
literally cartel money launderers

>>25734912
I used localbitcoins in 2017, worked well for me

>>25734894

Based

>>25734750
>NO GOYIM DON'T BUY BITCOIN TO PROTECT YOURSELF FROM US CONTROLING YOUR FUNDS! LEAVE YOUR FUNDS WITH US!

>>25734750
Imagine depositing your profits in some fucking bank lmao

>>25734750
Imagine using a bank that doesn't let you spend your money however you want. that is so fucking cucked. I would immediately close my account if my bank ever tried that.

>>25734912
Use crypto credit card like wirex or mco i guess, tax free ;)

>>25734964
>>>/biz/thread/S23831947#p23832060

I'm assuming they justified it under "potential money laundering".
Lucky for me, I'm only dealing in small amounts so far so probably won't trigger any alarm bells just yet.

>>25734964
https://archived.moe/biz/thread/10639029

original thread from 2017

How long till fiat collapse bros? How much time do we have to prepare?

>>25734750
I am in the UK and recently brought crypto using my HSBC card.

>>25734750
>HSBC
They're just mad money launderers have options now

>>25735152
>5/7 banks are from the UK

>>25734750
Is there a more cucked country in the entire world then the fucking UK? Wish Hitler sank that shit when he had the chance

>>25734750
Bullish for defi

>>25735140
Same.
The irony if those guys report me for possible laundering.

>>25735140
>bought
But not cashed out

>>25735168
This is price that Americans pay for their freedom

>>25734750
This is a huge buy signal. When Mr. Sheckelberg that runs the bank wants to keep normies out of crypto so they can profit instead, it's time to go all in!

>>25735176
The USA double taxes its citizens abroad

>>25734979
Alternatives? Crypto visa?
I don't want poppa CZ to see muh stack

>>25734995
All banks have fine print saying your money deposited is basically theirs on loan to you.

>>25734871
cos ur a man with a penis

>>25735260
cash out to usdc, farm it and use something like swipe for spending
done.

>>25735002
>tax free
how so

>>25734750
Fuck banks

>>25734912
Revolut

>>25735002
Explain

>>25734750
Bongs look into Wirex, it’s a mobile bank like Revolut with FIAT and crypto wallets/cards and lets you hold, withdraw and exchange actual crypto. Plus the cucked banks let you receive from and send GBP there

HSBC has been on a downtrend since 2007 lol https://www.yourmoney.com/saving-banking/hsbc-to-shut-27-branches-heres-the-full-list/#:~:text=HSBC%20is%20to%20close%2027,bank%20network%20reduce%20to%20594. Also check this stock price https://www.google.com/search?client=ms-android-samsung-ss&sxsrf=ALeKk00a-pdBgX1ueh5YeyG0qT0evxGuwg%3A1610197546575&ei=Kqr5X7_ZIsqG5wKryaroBg&q=hsbc+stock&oq=hsbc+stock&gs_lcp=ChNtb2JpbGUtZ3dzLXdpei1zZXJwEAMyEAgAELEDEIMBEJECEEYQ-gEyCAgAELEDEIMBMgIIADICCAAyAggAMgIIADICCAAyAggAOgQIABBHOgoIABCxAxCDARAKOgQIABAKUPrOBViu0gVgr9gFaABwAXgAgAFuiAG-AZIBAzEuMZgBAKABAcgBCMABAQ&sclient=mobile-gws-wiz-serp

>>25735334
>Revolut
shady as fuck, I remember people getting fucked by them during the last bullrun cashout

>>25734750
the problem is that banks know that it means more work for them. tax agencies will send inquiries and so on.

>>25734912
Switch to LLoyds Bank you can cash out directly from binance and fast payment takes like 30 seconds. £1.50 flat fee, no other fees.

>>25735271
And that's a good thing

>>25734792
exactly

>>25735339
there is also Monolith that has a crypto card where you literally hold crypto in an ERC-20 wallet and they exchange it into FIAT at the point of sale. And you get the recovery seed for that wallet

>>25734792
This.
They are too stupid to see it is lack of faith in current financial institutions and practices that is driving the flock towards crypto. My God how fucking stupid can they be?

>>25734750
what the fuck is this real?

>>25735357
Really? I thought they were based. Did anyone on biz get fucked by them?

>>25734750
Whats the reason given?

>>25735440
Rest of the article is behind a paywall

>>25735430
e.g.: https://old.reddit.com/r/Bitcoin/comments/9rkm68/psa_do_not_use_revolut_if_youre_dealing_with/

also keep in mind they're still trying to get a UK banking licence so I would not try and use it to move a lot of fiat, your deposit might not be insured: https://www.fintechfutures.com/2020/03/revolut-seeking-uk-banking-licence-before-year-end/

>>25735308
it's not tax free. you should be tax on the profits. when you buy something using crypto gains, it's converted into gbp/eur/usd or whatever you buy in.

you just did a crypto to currency exchange, and will have to pay tax on that transaction and all of the others, at the end of the financial year. now, you could simply not pay it, but you'll get caught eventually. to use the VISA/MASTERCARD services you'll need to undergo KYC. so they already have your details on hand and probably send those to the govt anyway.

if you have a serious amount to cash out like over a million. set up and otc trade and then pay the tax due.

or cash out with local bitcoins and hope the dude carrying a million to the pick up point won't stab you.

>>25734852
normies will never accept bitcoin

>>25735530
>but you'll get caught eventually.
what will happen then, will they just ask me to pay and I can just say
"ah yes i forgot"

>>25735544
True.
Got a friend right now telling me no ones getting rich from bitcoin and that it's "dead" kek

>>25735530
when you say otc, do you mean like binance p2p? and someone paying cash into your bank account - then you just ring up the taxman and say that the payment received is crypto profits and you will pay the tax?

>>25735615
https://www.binance.com/en/OTC-Trading
https://www.kraken.com/en-gb/features/otc-exchange
https://coinfloor.co.uk/hodl/otc/

>>25735296
doesnt swipe require kyc for any non-negligible amount?

>>25734826
lmao this

>>25735365
Wait shit really? I'm with Lloyd's and never even knew this

>>25735266
'That's not true...keep putting your shek...er, um DOLLARS into the account!'

>>25734964
How would you guys react in such a case? I think I'd buy a brand new laptop and tell I ditched the old one. Maybe change my internet provider. Obviously, hide/conceal all the papers, cold storage, any object related to crypto.

>>25735648
>doesnt swipe require kyc for any non-negligible amount?
frankly I've given up on the KYC problem, kikebase has already submitted my details to HMRC so I'm going to cough up the CGT goy tax anyway, so using another KYC service isn't too much of a bother for me.

it's more not to get fucked by pozzed bong banks like the 2017 anon who got v& after natwest filed an AML report on him

>>25735709
>How would you guys react in such a case?
I'd gtfo of the country

What about Santander, do you guys know? I have an account I barely use there

>>25735260
Precious metals

>>25734750
enough if 1 bank accepts it takes about 5 minutes to open an account

>>25735759
and if no bank accepts it there is still usdc (and tether for the truly dauntless)

>>25735709
I think they search your house for any electronics rather than you voluntarily handing them over.

I'm near the Swiss border, can I just go there and cash out my crypto gains? Can I even open a Swiss bank account anymore?

>>25735732
https://cryptobuyersclub.co.uk/faqs/which-uk-banks-will-let-me-buy-cryptocurrencies
speaking from experience, they initially blocked my FPS transfers to coinbase, had to call up to unblock them but haven't tried cashing out yet

>>25735759
let's say you try and cash out 250k to your bank, they block it and close down the account for high risk - afaik there's an industry wide list for high risk customers so you might find it hard to open a new account. just something to keep in mind.

>>25734750
>>25735549
itt we discuss how to profit off of Bill A416 which is currently sitting in the house of the New York State Legislature
>what's in it you may ask?
-allows gov of NY to legally forcefully vaccinate
-can detain whoever he wants in "detention premises" )definitely not concentration camps goy!)
-only way you can leave "detention premise" is by vaccination
-gov can hold you indefinitely
-can legally detain you even if you don't have COVID
-can legally detain you if you only were in contact with someone who had it

>>25735518
Did you even read what you linked?

I thought coinbase had a debit card for you bongs - if they have a debit card why not just use them like a bank?

>>25735709
i have everything encrypted and multiple copies
but i would be pissed as all demons from nine hells if some rando fucktards tossed my place and touched my shit.
i would fucking kill each and every one of them and the judge that authorized it.

>>25735830
even if it's FUD I would not seriously consider using them as a large fiat off ramp until they get their UK banking licence

>>25735691
you need to do KYC on Binance though. But honestly at this point I'll take it over cuckbase.

So then lets say BTC moons to $200k and you have 1 BTC.

Your crypto is held in cuckbase, but you then withdraw to your ledger. The funds are now gone from KYC cuckbase.

Example, I move from UK to NZ and keep all my crypto on a ledger - and cashout using an exchange in NZ. I'd be responsible for tax in NZ, correct? and the 'unrealised' gains while holding btc in cuckbase, in the UK wouldnt apply?

>>25734750
Bong here. Been using a non-custodial crypto debit card since 2 years now. Lmao, imagine putting money into (((banks))). I'll be my own bank until I die.

>>25735875
Citizen, your post has been recorded for the purposes of law enforcement and counter-terrorism

Nice, so they started releasing FUD?

>>25734887
You know what's even funnier? HSBC was the most fined bank ever with direct ties to laundering money for drug kingpins and assisting in funding literal ponzi schemes.

This is TRULY a clown world where the serfs cannot be allowed to win. How people don't see this and precipitate the demise of this system by transitioning to crypto is beyond me.

>>25735879
That's fine, unfortunately I've already cucked out to binance. I'll take it for the ease of cashing out, in any case

>>25734851
i have problems sending money out but never sending money in

>>25735943
They repent for their sins by grassing up anyone else

>>25734912
buy gold with it

>>25735935
make sure you circulate it to the judges

>>25734750


Imagine living in that gay ass dreary rainy hell hole every day hahahaha. You guys can talk shit about the US all you want, but id much rather be in sunny south Florida on the beach or any where out on our beautiful west coast than the effin shitty UK. Have a good day.....mates. Hahahaha. Fucking british faggots.

also this is bullish for platforms like swipe and cdc

>bank A is a giant in your area and bans deposits that originated from crypto
>Open account with bank B that accepts deposits from crypto origin. Maybe bank B is in your country maybe not
>transfer crypto into cash deposit at bank B
>transfer funds from bank B to bank A
>go about life as before with plenty of funds to be used in your area
>tell bank A to lick your sweaty grundle

>>25734750
Well, fuck them. BTC > GBP either way.

>>25736017
rent free mate

>>25736017
Imagine colonizing an entire continent to just fuck off back to your small ass bong Island

>>25736055

Anyone who says the word mate is gay bedefaukt. Including those faggy cucked Aussies as well. Brits and Aussies are the worst piles of shit by default. Wish Trump would nuke both of your little shitholes before that puppet Biden takes office.

>>25736086
S E E T H I N G

>>25736086
whats wrong with Australians you fggot

>>25736086
malding

>>25736086
Brits and Aussies steal your women with their accents, is that why you're so mad cunt?
I bet you're obese

>>25735799
The Swiss fucked up bigly when they kowtowed to American demands regarding banking.

>>25736140

They are gay as fuck you fucking pussy. Hate their annoying little accents too. They come over the the US with an arrogant entitled attitude and to Asia as well.

Fun fact: Brits and Aussies make up for the largest percentage of faggot sex tourists in southeast Asia and always drunk out of their minds. UK are a bunch of snotty nosed boring losers while Aussies literally descended from a group of convicts. US chads should put both you pussies out of your misery.

>>25736006
>buying gold with crypto gains made with fiat
Not sure if based or retarded. Gold market is 101% compromised and fully controlled, but then again, gold is more than any fiat will ever be.
>>25734750
It's literally just HSBC, they're bankrupting anyway.

>>25734750
You know, with Democrats in charge they could just fuck bitcoin over completely and make it illegal for anyone to accept it right?

>>25734750
banks that will block this progress will just die out.

>>25735544
do you understand that it's backwards? do you know the story of Esau? mid to high IQ techminded people (us) are being bribed into accepting a permanent ledger of all transactions ever. normies Would accept bitcoin when it's commonplace. just as they accepted masks and everything else.
It's You that needs to be cajoled first.

If the times comes and they refuse my deposit with supporting trade history then I will go to another bank. Not a big deal.

>>25735921
Which card?

>>25736338
plutus.it

>>25736307
Simple as, customer is always right. If they want to accelerate bankruptcy it's their choice.

>>25735877
What would you use then?

>>25734750
Oh so Im just gonna convert to nano or someshit and buy with crypto instead. bye bye banks lmao

>>25734750
Fuck
Just found out uk is allowing only lcx to cash out

>>25736245
>they could
They obviously are

>>25734871
Send me the bitcoins, leave the island, I'll be waiting here with them for you.

Problem solved

>>25736395
avoid cashing out to fiat as much as possible.
usdc + farm, swipe for any spending (I'm fine with the KYC).

in the unlikely event I need to cash out large amounts of fiat I would call up the banks I use and let them know in advance to expect 6 figure deposits from coinbase as I've liquidated my crypto investment portfolio

>>25736357
Thanks going to check it out. What's your experience been like? Anything I should look out for?

Hehehe

>>25734750
That's because all the banks in the world are about to crack all crypto money laundering cartels. It's over for you cryptofags

>>25734912
use coinmetro

>>25735260
Crypto ATM

>>25734750
>does not allow customers to bank money from digital wallets

Does a fiat onramp like Coinbase or Kraken count as a "digital wallet"?

>>25734750
Should I get a coinbase debit card now then or what? What are the drawbacks?

>>25736280
you're implying that those who control the public opinion will ever tell them it's time to start using it

>>25736245
It won't erase the existence of coins. Look at history. The dollar is done for and eventually will be used to stoke fires
They will have to accept coins in the future

>>25736684
Kraken has a bank license and is using FIAT directly. I usually transfer between Kraken and my bank account there because they are very reliable. It's the only method I ever used to cash in gains.

>>25734792
Crypto is booming because it's a get rich quick scheme.
No one except very few people give the faintest amount of fucks about it's fundamentals.

>>25737100
So HSBC wouldn't stop you from transferring your fiat from Kraken to an HSBC account, right?

>>25736017
based

>>25734912
It's only hsbc and it's nothing new. Also you can just cash or from an exchange and the bank is non the wiser. UK media was full of crypto fud this morning after like 2 weeks of fomo. Dunno why.

>>25734792
Fpbp

>>25737307
>you can just cash or from an exchange and the bank is non the wiser

So what the fuck is the article even about?

>>25737141
No, fiat is a get poor scheme.
Surely you jest.

>>25734750
>HSBC
i guess this is solely because they don't get their usual 10% money laundering fee
i'd bet my right nutsack you can still do it but gotta give them a cut :-)

>>25736140
90% of shitposters are Aussies. They are destroying the site.

I hate Australians so goddamn much.

>>25734970
Underrated comment right here. The fuckers were caught red handed laundering for drug cartels. Right around that time journalists in Europe were being assassinated for exposing related issues.

>>25737382
Australia needs to be invaded by USA

>>25737307
>UK media was full of crypto fud this morning after like 2 weeks of fomo. Dunno why.
>BUY THE TOP, GOYIM. PUMP OUR BAGS
>2 weeks later when the crash doesn't come after all
>DON'T BUY CRYPTO, GOYIM. KEEP YOUR FIAT IN OUR (((BANKS)))
>NOOOOOOOOO, STOP GETTING RICH IN THE UK, WE HAVE A CLASS-BASED SOCIETY FOR A REASON HERE REEEEEEEEEEEEEE

>>25737404
Westpac, Australian big bank caught laundering money for child pedo trafficking, meanwhile, ANZ bank ,also big Oz bank, gets all virtuous and debanks CO2 emitters.

>>25734750

>HSBC
>Literal money laundering bank for cartels
>WÖÖ WE NOT ACCEPT GRYBDO PAYMENTS ÖÖÖÖÖ

Fucking hilarious.

>>25737171
this I don't know, just open a bank account in another bank and fuck those dimwits? there's lots of banks who don't cause any trouble.

I pit 5k in ethereum last night and I've already made 100+!!!

>>25734952
Yeah sometimes it gets pretty gay with banks blocking shit. We are definitely at the threshold of no return

>>25737331
Directly from a wallet.

>>25737404
They launder a lot of the chicom psyop money too

>>25737762
But all you can transfer directly from a wallet is crypto; be it coins, tokens, or stablecoins.

Most of the retards on this board even shitcoin holders in general believe that they will get rich but the banks and "the man in charge" will never let you do that :))

>>25737834
actually it's the opposite. by not allowing anyone to sell the price will just keep climbing.

How do I buy a house with my gains?
CZs visa card can't buy houses

>>25737834


The US just connected its banks to stable coins. Cope garder you british cucked fag. People have been cashing put their crypto riches for over 8 years now. You are never gmi.

Nationwide chad here. Who the fuck uses a bank over a building society? Smh.

>>25734750
During bull markets bad news is ignored. During bear markets good news is ignored.

>>25737498
this.
fuck them

>>25734871
where do you even want to go

>>25738293
for U.S. bizraelis, building societies are like credit unions

>>25734871
Kobenis

HSBC
>be biggest money laundering bank in the world
>exclude private clients from money laundering

lel

What do anons think about Binance stablecoin BUSD?
I don't use Coinbase so can't buy USDC

>>25735578
>and I can just say
>"ah yes i forgot"

Lol imagine thinking this.

Then they give you a backdated bill - with interest and fines. And seize assets if you don't pay.

>>25734750
lmao well i guess HSBC is intent on becoming history

>>25735831
Spending on a debit card = realising crypto gains = you still need to pay tax.

>>25734750
HHAHAHAHAHAHAHAHHHAHAHAHAHHAHHAHAHAHHA

>>25738555
I want to know too

>>25738555
I hardly trust Binance as it is - Chink shit.

So I wouldn't hold it.

USDC only.

>>25739285

You have to pay taxes even after you die so that's a necessary evil.