I have a puzzle that I think Bitcoin might be able to help solve. Apologies in advance if the information is already somewhere in his forum, I have had a look around and was unable to find a clear answer to this issue.
Here is my predicament: I want to get money from a UK Neteller account to a US bank account without going via a UK bank account, and whilst minimizing the commission.
There’s nothing shady going on, it’s just that UK bank’s have given me a lot of hassle for large transactions recently that I want to avoid them. They don’t seem to like money coming in from Neteller, and the fact that it’s gambling related.
I was wondering if Bitcoins might be able to help with this problem? More specifically, can I buy Bitcoins using Neteller cash and then give them to my friend in the US who can then sell them and deposit the proceeds in his bank account?
If this is possible (in theory), are there any issues I should consider that might arise in practice?
How much commission should I expect to pay?
From having a look around on the forum, it seems there might not be any reputable vendors that accept Neteller as a payment method – is this accurate?