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24195321 No.24195321 [Reply] [Original]

How the hell do you discretely buy crypto in Canada?

My bank keeps flagging my transactions.

>> No.24195457

>>24195321
kraken lets you do a cash/debit deposit via canada post https://support.kraken.com/hc/en-us/articles/360027825511

I've done e-transfers with shakepay, some in the thousands with no issue from my bank though.

>> No.24195498

what bank? RBC has never given me issue with e transfers

>> No.24195581

>>24195498
BMO

>> No.24195716

>>24195457
>https://support.kraken.com/hc/en-us/articles/360027825511
Thanks anon

>> No.24195899

Canadian here. Fuck that shit. Move to a 3rd World after you make it.

>> No.24196267

>>24195899
Yeah no kidding.

Canadian laws around crypto suck.
https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/compliance/digital-currency/cryptocurrency-guide.html

>> No.24196848

what's the deal with such "flag" ? i mean, what happens when you get flagged?

>> No.24196902

>>24196848
They like to deactivate my card until I call them up to reactivate it. It's a waste of my time.

>> No.24197006

>>24196902
Consider opening an account in blackcatcard, thats an european card, and you may add funds with your standard card, also, you have dukascopy, a digital swiss bank, also provides virtual cards

>> No.24197986

>>24195581
close your account with that faggy bank

>> No.24198077

>>24197986
I've got 60k of self directed stocks in there and I don't know how to move them easily if I were to change banks.

>>24197006
Hell yeah, thanks anon, this is a good idea.
I'd like to be able to wire a bunch of money to a more lenient bank and just buy crypto through them.

>> No.24198579

>>24198077
>close your account with that faggy bank
or just open a new account
I have been using TD with Newton crypto for a year now

>> No.24198683

>>24195581

Fuck this piece of shit bank. A few years ago, they had a security breach and people lost their chequing and savings accounts. They can go eat shit.

https://www.itworldcanada.com/article/bmo-cibc-victims-of-cyber-breach-attackers-demand-1-million-from-each-in-cryptocurrency/405703

>> No.24198708

Are there any banks or credit unions in Canada that have a free account with no monthly fee, and that are totally okay with crypto sending/receiving (preferably all methods, not just e-transfers)?

>> No.24199699

I use tangerine mastercard on binance to buy crypto. It counts as a cash advance so there is a 5 dollar fee but I just prepay the card ahead of time so at least there is no interest. Works for me. Hate paying fees but I think crypto brokerages are all about this.

>> No.24199745

>>24195321
tell them not stop flagging your transactions or you'll close your account. if they keep flagging your transactions then close your account.

>> No.24200067

>>24199745
I'm about ready to tell them to fuck off.
Last time they deactivated my card they told me they saw I've been purchasing a lot of crypto which was against their ToS. I played dumb and said no one told me that wasn't allowed.

I'm still buying crypto through that credit card, but the transactions stay pending for a long time so I can't make bulk purchases, even if I prepay into my credit card ahead of time.

>> No.24200096

>>24199699
I've been using MEW to buy ETH rn

>> No.24200212
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24200212

>>24195321
unironically ditch the shit bank and literally just e-transfer to newton. also use my referral code if you open a newton account, we both get $25 if you trade over $100 :)

>> No.24200238

>>24200212
Cool anon, I'll look into that

>> No.24200307

>>24195581
fuck bmo, those niggers froze my account on Christmas eve ffs after I took out a couple grand in cash for gifts. then they banned me from etransfers because it was crypto related.

>> No.24200520

>>24200307
Damn that's crazy they can just ban you like that.

Was it one big e-transfer that they caught on to or was it a lot of smaller transactions overtime?

I'm trying to buy ETH with a bunch of tiny transactions over credit card so I'm hoping the won't do anything too severe.

>> No.24201275

>>24200307
>>24198683
>>24197986
bmo that shit for crypto? I usually etrasfer to newton or shakespay, will they lock me out or something?

>> No.24201319

>>24195321
Use the og: https://www.canadianbitcoins.com/
You can send them cash by mail and bypass (((banks)))

>> No.24201337

>>24195321
Bro you mean you (((bank)))? (((They))) don't want you to buy crypto. They know this is the 4th Industrial Revolution and they won't be taking a leading role in it so they are mad and trying to stop it.

Stop using a Jew bank bro.

>> No.24201379
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24201379

>>24195321
>My bank keeps flagging my transactions.

>> No.24201503

>>24200238
rad, good luck anon and don't let your bank tell you how to gamble your tendies