Crypto payments

[mouse]

Hey guys, was using binance to transfer for payments, cost nothing. Now though due to my bank not allowing cash transfers to binance I have to use coinspot and the transfer fees are ridiculous.
Can anyone recommend a better/cheaper way of getting my funds to vendors via crypto?
Cheers

 

[trenlord49]

Coinspot is ridiculous with fees, I used to use them however changed to edge wallet they do have a fee however is significantly lower than coinspot. Hope this helps

 

[stevesmi]

my advice is you could just find a new bank, especially if you like to link your bank account to a centralized exchange like binance. any bank that isn't evolving to work with crypto is going to lose business and is falling behind fast. even big brokerage firms are now making it easy to buy and sell crypto with limited fees. most likely my guess is because binance is china based your bank doesn't want to mess with them anymore.

 

[mouse]

Coinspot is ridiculous with fees, I used to use them however changed to edge wallet they do have a fee however is significantly lower than coinspot. Hope this helps

Coinspot is bullshit. Edge wallet hey? I'll have a look. Cheers.

 

[mouse]

my advice is you could just find a new bank, especially if you like to link your bank account to a centralized exchange like binance. any bank that isn't evolving to work with crypto is going to lose business and is falling behind fast. even big brokerage firms are now making it easy to buy and sell crypto with limited fees. most likely my guess is because binance is china based your bank doesn't want to mess with them anymore.

Nab and a lot of Aussie banks stopped allowing crypto transfers after the binance scandal 6 + months ago. Bullshit

 

[UGL OZ]

Nab and a lot of Aussie banks stopped allowing crypto transfers after the binance scandal 6 + months ago. Bullshit

Sadly not just Binance, they'll block deposits to most major exchanges. Exodus Wallet, Edge or Banxa Checkout are usually the way to go.

And if all else fails, you can use a P2P trading platform like AgoraDesk. Traders on there accept Osko/PayID/bank transfer and because they're not linked as 'major exchanges' the bank won't know it's a crypto purchase and won't block it.

Putting aside the fact that its your own money and you should be able to whatever the bloody hell you want to do with it, it's poor form that banks are trying to hinder advancements in these technologies instead of trying to embrace them. Ridiculous.

AJ

 

[mouse]

Sadly not just Binance, they'll block deposits to most major exchanges. Exodus Wallet, Edge or Banxa Checkout are usually the way to go.

And if all else fails, you can use a P2P trading platform like AgoraDesk. Traders on there accept Osko/PayID/bank transfer and because they're not linked as 'major exchanges' the bank won't know it's a crypto purchase and won't block it.

Putting aside the fact that its your own money and you should be able to whatever the bloody hell you want to do with it, it's poor form that banks are trying to hinder advancements in these technologies instead of trying to embrace them. Ridiculous.

AJ

100% AJ. Was reading nab s policy and it's all about "protecting us from scams" what a load of shit. And rich coming from these grubs.
Mate what's the easiest and cheapest way for me out of the above options to just transfer money to buy bitcoin to pay you?
Cheers m8

 

[UGL OZ]

100% AJ. Was reading nab s policy and it's all about "protecting us from scams" what a load of shit. And rich coming from these grubs.
Mate what's the easiest and cheapest way for me out of the above options to just transfer money to buy bitcoin to pay you?
Cheers m8

If you're purchasing from me, I also accept Litecoin too as Bitcoin fees have been quite high for customers so you can use Exodous or Banxa to purchase LTC and pay with that that instead - that should be the cheapest option for you.

I have a HOWTO guide here if it helps:

https://ugloz.is/how-to-order/

Let me know if you have any other questions brother and I'll be happy to guide you through it.

AJ

 

[MassiveSparky]

There are still a few sources that take bank transfer and cardless cash which are a bit easier

 

[mouse]

If you're purchasing from me, I also accept Litecoin too as Bitcoin fees have been quite high for customers so you can use Exodous or Banxa to purchase LTC and pay with that that instead - that should be the cheapest option for you.

I have a HOWTO guide here if it helps:

https://ugloz.is/how-to-order/

Let me know if you have any other questions brother and I'll be happy to guide you through it.

AJ

So I'm guessing fees are substantially less using exodus than coinspot?

 

[mouse]

So I'm guessing fees are substantially less using exodus than coinspot?

Just tried exodus and buying coins with moonpay. Nab declined that!!

 

[MassiveSparky]

Just tried exodus and buying coins with moonpay. Nab declined that!!

Yeah bro Im with nab and tried for hours with different exchanges. No luck they wont let you spend your own fuckin money.
Im an apex rep and take bank transfer, genisis also has transfer

 

[mouse]

So I'm guessing fees are substantially less using exodus than coinspot?

Just tried exodus and buying coins with moonpay. Nab declined that!!

Yeah bro Im with nab and tried for hours with different exchanges. No luck they wont let you spend your own fuckin money.
Im an apex rep and take bank transfer, genisis also has transfer

Cheers mate. Might have to look at those options cos coinspot charges huge amounts and that's the only way I can do it. Binance was sooo much better. Fucken banks

 

[Gear Panda]

Best to go with a P2P platform mate. That way it’s not linked to an exchange and you avoid the fees

Agora Desk is good and local Bitcoin too.

You need to do some due diligence though. Make sure you’re only trading with reputable members

 

[Seventieschild]

my advice is you could just find a new bank, especially if you like to link your bank account to a centralized exchange like binance. any bank that isn't evolving to work with crypto is going to lose business and is falling behind fast. even big brokerage firms are now making it easy to buy and sell crypto with limited fees. most likely my guess is because binance is china based your bank doesn't want to mess with them anymore.

All Australian banks are trying to block crypto,it's a collaboration with the great government we have.yoj can't even get your own money out of our banks without being questioned on why you want your money.its gotten way out of hand here.