shuggy5

on KickAss420

revolut cracking down

ive been using revolut for a couple years since coinbase started asking to many questions and becoming troublesome. every revolut btc payment first went to an external non custodial wallet held by me before paying the transaxe tx.

regardless, recently I got a request for more information on a 1 year old tx. inspite of providing the requested information they found it to be in violation of their terms, which suggests they're going through the blockchain to see where funds end up. this doesn't surprise me as at the start of the year they got their banking license and need to cut themselves off at the kneecaps in order to be compliment with crypto regs.

they don't need to tell me twice. I'm going to try buying some btc in person to avoid this shit going forward. keep doing what you're doing if it works but don't put all your eggs in one basket if the custody of funds are outside of your control ✌️

Kid carti uk 9.7/10

Anyone have any advice idk how one would buy crypto in person or how that would make a difference

I do the same method of buying on rev then sending to a external I thought that was as safe as you could go

If anyone has any advice or ideas please lmk

Thank you kickass for this post 💚

KickAss420

I doubt this problem is unique to revolut, just that they're being extra judicious after recently getting their banking license. crypto laws in the uk make it so legally operating businesses bare responsibility for doing more checks than they used to, which tickle down to a bad time for people like us.

buying crypto in person is less problematic in that it's a p2p transaction so doesn't require kyc checks. new problems arise from it being a random person you're doing the transaction with, so there's a certain amount of risk involved. websites like localcoinswap let you filter by this type of exchange. I can't vouch for it yet until I complete a transaction soon.

Test2988

How big are your transactions? Tbh I’ve been doing <100$ orders for almost 2years now straight from Revolut to the transaxe wallet (ik not the best opsec but I don’t really understand the risks) and not had a problem

KickAss420

They have a limit of 50 wallet addresses you can send to, so I was doing btc orders of about $1k at a time to keep the number of transactions down.

medicatedmunchies122 9.8/10

Pm me bro

Kreacher

kraken seems to be mint

stevedogg

I can also say i have tried both coinbase and kraken. Coinbase wanted loads of i.d etc and froze the account eventually. Were as kraken works fine and has done for at least a year now. I would go with kraken haven't had any issues with them what so ever

zeppomarx

p2p exchanges dont have this problem. local coin swap is one of the best and you don't have to deal in person, they have an escrow system like littlebiggy albeit everything is shitloads faster.

KickAss420

glad to hear other people on lb have heard of them before. have you used it before? im going to give it a try shortly.

another upside to p2p is not having HMRC emails suggesting they think you're holding crypto with a reminder to declare. likely after the exchanges hand over user data for compliance. I don't hold it and it's none of their business

Boooba

Yeh they eventually do that to you, you can bullshit your way out of it for a few months but they eventually just close the account. I’ve used Paybis now for a few years and just send straight to the receiving address, not had any issues as of yet

KickAss420

appreciate the thoughts. how did you bullshit your way out of it for a few months? did they hold up your exchanges each time?