Banking Troubles Thread

[jaideep10002]

Dear All,

I have myself been facing issues from the banks and wanted to start a thread where everyone can share any troubles they have had with their banks while trading cryptos.

Ofcourse the best way to is to go peer to peer but still there are issues.

Here are the ones I've faced,

One of my accounts was frozen when I received a not so large amount(4L approx) after selling some btc.
The bank in this case(Axis) asked me to explain the source of the money,

Secondly, There are also a lot of man in the middle scams where you might get unknowingly involved if doing peer to peer. In my case I detected the scam before I released bitcoins and was able to refund the money to the source while keeping my btc.

Finally, the problem of daily and monthly transaction limit plagues a lot of us traders.


I would like to encourage the community to come up and share their issues faced with the banks, Hopefully we can all find solutions to these problems.

[chennappa121]

That is very sad to hear because of what is RBI done the rules about stop the Indian cryptocurrency exchanger like zebpay and more was stopped doing the deposit and withdrawal with Indian bank.
I am going to explain my story how I was loss my 10k worth of btc in very popular peer to peer exchange site, I was sell my btc to Paytm cash and I got some good buyer there and deal was done with successfully but after some time I received a call from some numbers they told by mistake I was send 10k to you please return my money otherwise I am going give a complaint about this issue in police so there no way to get back my bitcoin be careful before doing peer to peer deals.

[jaideep10002]

That's a common MITM scheme. Always call the number the payment comes from before you release the escrow.

Good thing amount was small.