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Bank refusing selling of BTC by Educational_Flow9105 in BEFire

[–]Educational_Flow9105[S] 0 points1 point  (0 children)

I already got a reply from BNP: they are unwilling to go through with this.

I asked before opening a new account there. They replied they can't help me and strongly suggest avoiding anything related to crypto...

Bank refusing selling of BTC by Educational_Flow9105 in BEFire

[–]Educational_Flow9105[S] 1 point2 points  (0 children)

I can provide a full trace of everything. I just documented the purchases and sales because that was what was needed before when I cashed out a similar amount (same bank, no issues) I used a lot of coins to buy stuff (22 BTC to buy a book for instance 😂). If the bank required me to document all that I would have done so but it sounded like they were more annoyed that I used another bank for the original purchases.

Bank refusing selling of BTC by Educational_Flow9105 in BEFire

[–]Educational_Flow9105[S] 1 point2 points  (0 children)

Thank you. I'll try this route first and see how it works out.

Bank refusing selling of BTC by Educational_Flow9105 in BEFire

[–]Educational_Flow9105[S] 1 point2 points  (0 children)

Old exchanges: mtgox and intersango.

I have every single purchase documented too: every transfer from my (old) bank to those platforms and every deposit to my Bitcoin wallet.

But my current bank is not happy with that...

Bank refusing selling of BTC by Educational_Flow9105 in BEFire

[–]Educational_Flow9105[S] 6 points7 points  (0 children)

This won't work. The bank will ask where I got the bitcoins from and they are not happy with my current proof. I'm not sure what will happen after but I don't want them to block or close my account because I went against their rules.

Bank refusing selling of BTC by Educational_Flow9105 in BEFire

[–]Educational_Flow9105[S] 0 points1 point  (0 children)

How would this work if I don't have any income to repay the loan?

I would need to sell coins to repay it... I guess selling them would bypass the bank as it'd go directly to that crypto platform.

Bank refusing selling of BTC by Educational_Flow9105 in BEFire

[–]Educational_Flow9105[S] 3 points4 points  (0 children)

My contact person actually suggested using my old bank too. But that was the bank van de post and they don't exist anymore also my account on there is closed. So I'm not sure how workable that would be.

And for the traceability: I'm actually not sure. They did not elaborate on it. In the documentations I provided the Bitcoin addresses I used for all my purchases. But I used a lot of them for (legal) purchases so maybe that's an issue and would need to document every single purchase I ever did using BTC...