[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 35 KB, 550x422, DE9CEE08-05E0-4BA2-8512-DAF794798DD8.jpg [View same] [iqdb] [saucenao] [google]
14392749 No.14392749 [Reply] [Original]

>bank doesnt know about bitcoin
>tried to cash out
>money came from a regulated btc remittance company to my bank account
>they’re puzzled about my transactions
>explained to them what is btc wallet,crypto trading, etc
>asked if there’s my name on my btc wallet
>I said none
>they said I should have my name written as a proof so I can get my money
>mfw

>> No.14392780

here in albania is the same, they first call me that where is the money from I tell them it is krypto trading. next week police appears and i must tell them again it is from krypto: the bank has frozen my account and i cant get them out

the police wont believe me the bank wont listen they say i am mafia

>> No.14392811

just cash out in gold from apmex

>> No.14392824

>>14392749
>>14392780
So only now you've discovered that the point of crypto is to REPLACE banks?

>> No.14392837

>>14392749
what country?

>> No.14392858

>>14392824
You still believe that shitty lie?

>> No.14392894

>>14392858
Yes, we're doing to you what we did to newspapers. Learn to code, banker.

>> No.14392921

>>14392894
>>14392858

Bankers BTFO

>> No.14392936

>>14392780
isn't it 5am over there. wtf are you doing up.

btw i'm visiting my folks there this summer. any danger using my laptop to trade or anything like that?

>> No.14392937

>>14392837
Philippines

>> No.14393114
File: 160 KB, 1125x797, th.png [View same] [iqdb] [saucenao] [google]
14393114

>>14392937
just buy a jetsurf it's more important than fiat
https://www.youtube.com/watch?v=9D7Inw2AezQ

>> No.14393189
File: 764 KB, 1410x1145, 1534343033896.png [View same] [iqdb] [saucenao] [google]
14393189

>he fell for the cash out meme
ahahahahaha

>> No.14393393

Fucking bullshit my account got closed

>> No.14393420
File: 1.75 MB, 4032x3024, 2527DAEB-2B65-4297-A40C-EB44EE797E26.jpg [View same] [iqdb] [saucenao] [google]
14393420

I hate banks now Reeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

>> No.14393466

>>14392749
If only there were some way to be in control of your own funds, to be your own bank. To hold all of the power to move your value how YOU see fit. To be able to transfer money anywhere in the world and at any amount. A shame it will never become reality

>> No.14393483

>>14393420
>now

>> No.14393487
File: 127 KB, 817x656, 1521037208534.png [View same] [iqdb] [saucenao] [google]
14393487

>>14393420
You should have to begin with that's the fucking point of btc you absolute FUCKING IDIOT
>>14393466
THIS YOU FUCKING RETARD OP

>> No.14393493
File: 334 KB, 1080x1920, Screenshot_20190627-120919.png [View same] [iqdb] [saucenao] [google]
14393493

>>14392937
WTF you talking about?
UnionBank is so crypto friendly they even have a crypto ATM.
Pic related.

I've cashed out several times from coins.ph and the Abra app direct to my BDO account.
And I've used the Security Bank eGiveCash withdrawal method of coins.ph many times.

Where the hell are you cashing out that they are so clueless? Buttfuck nowhere like Tanay Rural Bank?

>> No.14393498

>>14393420
>imagine the smell

>> No.14393534

>>14392749
you should never have mentioned bitcoin to them. they have you by the balls now. NEVER MENTION BITCOIN TO YOUR BANK

>> No.14393556

>>14392749
>regulated btc remittance
I guess you had to compile some KYC there, isn't enough for your shitty bank?
Or they also complain about the wallet to wallet transactions?

>> No.14393753

>>14393493
Didnt you see the image I posted, my bank is bpi family and apparently they dont know shit about rebit.ph. And yea I should probably open one in unionbank
-_-

>> No.14393797

>>14392749
>>14392780
What amount did u cash out retards? $300k at once?

>> No.14393940

>>14392780
In Albania? I always thought being mafia was compulsory there & would have worked in your favour.

>> No.14393988

>>14393753
Are you OP?
I didn't notice since your ID was different.

BPI is extremely EXTREMELY strict man.
I can't even open an account there because they don't like all my IDs. Voters ID, latest postal ID with the QR code, police clearance with ID card, barangay clearance... Nope.
They have a list of like the only 5 types of IDs they will accept.

I've bought from localbitcoins like over 40x, using bank deposit option.
NONE of the sellers use BPI.
It's all BDO, UnionBank, etc
Never BPI.

>> No.14394020 [DELETED] 

>>14392749
hello kababayan OMEGALUL what happened to you money is it gone? do u need help? use coinsph brainlet!

>> No.14394040

>>14393393
So at least you still got your money though, in exchange for getting your account closed?
Or is it "frozen" due to AML concerns/investigation?

>> No.14394045

>>14392749
hello kababayan OMEGALUL what happened to your money is it gone? do u need help? use coinsph brainlet!

>> No.14394086
File: 62 KB, 396x691, 1557088280794.jpg [View same] [iqdb] [saucenao] [google]
14394086

>>14392937
>expecting this to go any other way

>> No.14394118

>>14392749
Curious ako magkano winithdraw mo. Ano yun isang bagsakan 7 figures? Consistent ako magwithdraw e para sa monthly expenses, sa BPI rin naman, la naman sumisita sakin. Siguro dahil sa amount. Tapos rebit din naman gamit ko. Kung rebit pala gamit mo edi nagapply ka dun sa 400k php max daily limit? Kasi otherwise tangina dun ako sa tier below nun tas naaabot ko ung monthly limit nun wala naman prob.

>> No.14394130

>>14392749
>send BTC to coinbase
>Convert to USD
>Send to bank
so hard

>> No.14394163

>>14394130
thats a good way to lose 30% to the taxman and get your normie bank account audited and spend the next 3 months giving the IRS receipts of gasoline and food purchases to prove you arent laundering money

>> No.14394203

>>14394040
Got my money

>> No.14394210

>>14392780
Why didnt you cash out through your cousins in Italy?

>> No.14394231

>>14394045
Coins.ph has a shitty monthy limit though

>> No.14394249

>>14394118
6 figures bruh

>> No.14394297

>>14394249
Kuha mo na pera? Itatax ka raw ba? Tangina wiwithdraw ka 6 figures isang bagsakan sana inayos mo. Sana d ka maBIR. ~500k sa isang buwan ung ichecheck nila IIRC

>> No.14394302

>>14392824
Honestly the issue is governments more than banks.

>> No.14394355

>>14394297
Already cashed out millions from rebit and coins tax free. If BIR noticed it I’m probably done

>> No.14394375
File: 139 KB, 1280x720, IMG_20190627_130201_833.jpg [View same] [iqdb] [saucenao] [google]
14394375

>>14394118
The AML alert happens regardless of the bank I think, but rather based on the amount.
I withdraw 300-400k pesos every month from trading income at UnionBank.
Pic related (with ID sign for proof).

But I got the alert when my account balance hit p2m, I got a call from them asking for documentation on the source of my income.

Sent some docs, exchange screenshots and pics of localbitcoins deposit slips, and all they said was "ok then, carry on".

>> No.14394386

>>14394297
>>14394297
BIBIMBAPMADAP NANG BARANG PAP BAP BADAP

>> No.14394432

>>14394355
Why not just pay taxes on it?
Easier to provide banks with documentation on your money.
You do it once and they never ask again.

Otherwise how do you buy things like houses, condos, and cars without getting asked every time and risking an account freeze every time.

>> No.14394536

>>14394386
Nigger
>>14394375
How much is the tax %wise, sabihin natin 7 figures? La kasing readily available info o tanga tanga lang ako magtingin. Sa reddit may nakita ako nagpost about it sabi ~30% daw ung tax eh kung malaking amount. Laking kaltas syempre. Naisip ko pede kong icashout sa Dubai tas ipadala nalang dito kasi taxfree ung ganun. Problema lang e tulad ng ginagawa ko ngayon kelangang artehan para hindi maAML nga o baka sa Dubai naman ung problema. I guess it's not worth the hassle kung ganyang kalaking amount tapos consistent naman. Anyway, un nga ibig sabhin ko, regardless kung saang bank, e etong si kupal na OP nagcashout ng isang bagsakan 6 figures tas gustong takasan ung tax. Goodluck nalang. Although nakacashout na raw sya ng milyon so..

>> No.14394578

>>14392749
doesnt your remittance company have a cash to door option?

>> No.14394593
File: 191 KB, 683x686, 2oco1k.jpg [View same] [iqdb] [saucenao] [google]
14394593

>>14394432
> Why not just pay taxes on it?
Begone from my cryptoanarchist cypherpunk nazi board, taxcucking scum.

>> No.14394608
File: 401 KB, 860x430, sherman.png [View same] [iqdb] [saucenao] [google]
14394608

Cryptocurrencies are a crock.
What social benefit do they provide?
Well, they allow a few dozen men in my district to sit in their pajamas on the couch all day until their wives are going to be millionaires.
They help terrorists and criminals move money around the world.
They help tax evaders.
They help startup companies to commit fraud, take the money, and 1% of the time they actually create a useful business but then again I dare say that some tiny percentage of all larceny and crime helps finance something that turns out to be useful.
When we have people take risk, we don't encourage gambling. We encourage investment in the real economy.
But when you buy a bitcoin, are you financing a new factory?
NO.
You are gambling on its value for no social benefit.
Finally we have these "Initial Coin Offerings", deliberately naming themselves to lie to the public and convey the image that it's like an initial public offering.
They stole the intellectual property and trademark of legitimate investing and applied it to a fixed, fraudulent, gambling scheme of no social benefit.
Aside from that I think it's a good idea.

>> No.14394659

>>14394249
> 6 figures
At once? In usd? Why u don't cash out through local.bitcoin.com by cash? Sending 6 figures to your bank out of nowhere is completely retarded, it's strange that u got your money.

>> No.14394660

>>14394536
30% ish
Madali naman makalusot
Bago ako naging crypto trader, online marketing raket ko.
Nakakapasok naman ako ng daang libo, total e milyon din, na hindi ko inireport.

Pero napakalegit na ko sa crypto kasi hirap bumili ng bahay etc na malakihang value, sinisilip lagi.

>> No.14394763

>>14394432

>documentation
>taxes

You are not very smart, are you

>trusting government employees to not murder you for money

>> No.14394772

>>14394660
So 30% nga, sakit. Anong documentations pinakita mo? Sapat na ung sinabi mo screenshots lang? Kunware sa Bitmex, o sa Binance kung san ka man nagtetrade. History ng trades mo ganun. Sabagay wala dito satin ung tulad sa US na itatax kada transaction bullshit, kelangan lang ng proof na sayo ung crypto kaya mas madali ata. Tama ba? Kung mukhang d maging effective ung Dubai plan ko mukhang kelangan kong patulan na yang 30% cut

>> No.14394787

>>14394608

Replace crypto with central banks or jews and it's accurate

>> No.14394981

>>14394772
Yes thats what bpi asked If there’s a trading history under my name, I sent all the screenshot from binance and rebit but unfortunately its not enough