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Major Banks and Cryptocurrency Hostility
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You are currently reading a thread in /biz/ - Business & Finance

Thread replies: 20
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I'm aware that in 2013 there was a big shitstorm among major banks (especially Canadian) regarding trading cryptocurrency online and their hostility towards traders (shutting down/freezing accounts, flagging for laundering etc).

How hostile are these banks currently this year? Should I forewarn my bank that I am interested in trading cryptocurrencies? If not, what's the common solution for digital currency traders?
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>>1087507
No

Unless you are trading bitcoin as a business they don't need to know shit
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>>1087526
How would I deposit earnings from trading? Use paypal as a proxy? if I deposit straight from Kraken, the account will be flagged.
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>>1087535
bitcoin atm.
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>>1087507
Why would you want to buy cryptocurrency?

Just buy ETFs man. Don't fall for these stupid as shit speculation memes.
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>>1087540
All trading is speculative.
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>>1087547
This is false.

Investing in the Index is guaranteed to give you better returns than the vast majority of speculators or daytraders.
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>>1087550
[citation needed]
>inb4 le moustache meme man
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>>1087550
Nevertheless, how do I avoid the bank giving me a hard time if I'm trading using a Kraken?
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>>1087558
>[citation needed]

Numerous studies showing that nearly no one beats the market regularly, on average.
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>>1087561
You can't. Just withdraw BTC from kraken into your bitcoin wallet.
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>>1087566
There are many ways to beat the market other than day trading; going long on established mid-cap companies for example.
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>>1087567
So there's no reliable way of me converting BTC to cash that I can put into my bank or spend in public? How am I supposed to make it rain with BTC?
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>>1087574
https://paxful.com/buy-bitcoin/advcash/with-any-currency?fiat-min=0#content

you're welcome
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>>1087574
You can exchange your btc for fiat once it's off the exchange. The bank won't know because its not coming from an exchange account. Just sell bitcoins on localbitcoins.

But you're getting ahead of yourself, WHY IN THE FUCK WOULD YOU SELL YOUR ETH?
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>>1087595
Having a plan in place, I don't wanna be trifling with glorious computer money all the time. Nor do I want phone calls from the my bank thinking I'm laundering money for some gang full of hispanics and heavily tattooed Caucasians.
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>>1087613
are you black or asian?
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0x97a4d7b47c219e0b8efa986062ade4989493030d

hey can i get some ether a poor fag
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>>1087614
No, I'm white sadly. My dream is to have pineapple dreads like the weeknd.
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>>1087628
Hahaha
Thread replies: 20
Thread images: 3
Thread DB ID: 501518



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