Source of funds question

[NotATether]

Have any of you guys been asked by your bank about the source of funds in a recent transaction where you sell your bitcoins (or other crypto) and receive a wire transfer? Especially since the other trader is basically a stranger to you for the bank's purposes?

If yes, then do you know of any thresholds that this will happen?

I'm just wondering since it seems to me that if you can't produce a SoF then they might freeze/close your account or something.

I don't have any problems myself in particular, but like I said, I'm just wondering about this possibility..

[_act_]

Countries may have different rules about this. What I noticed in the banks in my country and from many other places is that you have the maximum amount of money that you can use wire transfer for.

On the bank that I am using, you can use wire transfer for transaction not more than $10000 at ones. No requirement for that. I remember when Kucoin supported wire transfer for my country, it is not also more than $10000.

[dkbit98]

Have any of you guys been asked by your bank about the source of funds in a recent transaction where you sell your bitcoins (or other crypto) and receive a wire transfer? Especially since the other trader is basically a stranger to you for the bank's purposes?

No, but you should not risk testing this with to many wire transfer transactions.
Limits and thresholds are different for each country and bank, and I don't think we can find clear information about that anywhere.
If there is a choice you should always exchange bitcoin for cash by using p2p transactions and decentralized exchanges.
Another alternative is to use crypto cards, but that also have different type of risks.

[LoyceV]

This is one of the reasons why I prefer established exchanges over P2P with random strangers. Receiving money from unknown accounts abroad triggers much more red flags.

[AB de Royse777]

If yes, then do you know of any thresholds that this will happen?

I am sure the thresholds will depends on the law of the country. It's better to ask someone who lives in the same country. You can also ask you bank too. I once needed to know such thresholds and my bank did not hesitate to give the information.