[ANN] Mistertango - Bitcoin friendly European Bank Account + free MasterCard

[Vanquish_PT]

It seems my account is locked or at least has some limitation.

...

I used my account to buy and sell on localbitcoins.

Just want to update this.

Mistertango just closed my account. At least they were fast to transfer the full remaining amount to other account I gave them.

After that they stopped replying to me and I can't even see the closing statement.

I'll explain how I used this account:

All I did was localbitcoins trading.

I sell bitcoin for SEPA and buy bitcoin for SEPA. Just this!!

When I receive money in the account I immediately buy and send to other person. I know banks don't like this and think this is money laundering behaviour but I explained I did bitcoin trading and I expected much more from a bank that claims to be bitcoin-friendly.

I was able to use them to receive about €9k in less than a month.

So far this was the fastest bank to shut me down. All other banks I used and shut me down took way more time.

So bitcoin-friendly MY ASS! Maybe they are friendly if you buy on their own exchange, but that is not bitcoin-friendly.

This experience was very similar to every other fucking bank. Stupid decisions, impossible to reason with, and NOT BITCOIN-FRIENDLY AT ALL!!!!

I'm very disappointed with Mistertango.

You've been warned!

[makis22]

is their card, the mastercard, from wavecrest too?? Cause i ordered it like 2 weeks ago, i verified on phone app. Havent received it yet in the mail. However today i got  an email from wavecrest saying that my debit mastercard will be shutdown on february 27th!! Only plastic card i have, is a visa by xapo. And i know this is shut down and thats like 20 days ago. And only mastercard i have is a VIRTUAL by advancedcash. Other mastercard i have is the one i am expecting in the mail by mistertango. So whats going on? this one will get cancelled too? Or they mean the advcash one?

Here is the email by wavecrest. They dont specify any service like xapo, mistertango or whatever, but the title says "Closure of your WaveCrest issued MasterCard prepaid card"

"We regret to inform you that from the 27 February 2018, we will no longer be able to service your MyChoice Prepaid Debit Card.  You should, therefore, use up or remove any balance on your card before that date. We will block the loading of new funds to your card effective immediately to help avoid any balance remaining on your card. You will be able to request that any remaining balance on your card after 27 February 2018 be refunded to you in line with the Cardholder Agreement. 

Unverified cards must be verified in order to be eligible for a refund. Please note that any funds that remain on your account after this date will continue to be subject to the terms of the Cardholder Agreement (other than as set out in this email).  You can find the Cardholder Terms here.

Please also note that we have taken the decision to set new daily ATM limits to EUR 1000/USD 1000/GBP 800 for transaction inside the SEPA region; transaction outside of SEPA will be limited to EUR 500/USD 500/GBP 400."


Hope its not the mistertango card, cause this will mean i wont be able to use it at all.

[Vanquish_PT]

Their card is from Hercus.

http://www.hercuscard.com/

[makis22]

yes after reading a bit on other topics, it seems like the email was about the advcash card. Hope mistertango stays ok. However i ordered it 15 days ago, and still dont have it. Hope ill have it this week

[plethora]

For me it took about one week to get the card.

[warningsigns]

I have been using MT's account and card since August last year. No issues or complaints whatsoever. I think complications start when you receive money from third parties which you then immediately move or forward to other parties or exchanges. They are probably becoming stricter after Visa and MasterCard both started putting a lot of pressure on EEA-based card issuers, especially those which have a relationship with cryptocurrency users.

Sad to see this tightening of the noose spreading like an epidemic. Compliance is now spelled with a capital and bold C in the financial sector. To stay in business, the rule is to really know your customers and not just know them superficially.

Edit.. just checked my MT account. Still working and no restrictions. All these blocked-and-locked stories are making me nervous so I will probably load less coins from now on.

[der_markus]

All I did was localbitcoins trading.

I sell bitcoin for SEPA and buy bitcoin for SEPA. Just this!!

Maybe you received funds from a hijacked account?
If the original owner makes a complaint that someone has transferred/stole money from his account, they will (at least in my country) block the senders and receivers bank account.
After investigation they MAY release these accounts again.
In most cases the receiving bank (in this case Mistertango) will close the account afterwards.

That's the reason, why I never do P2P-Trading with SEPA transfers.

[BTC-exchange.com]

Does this service offer a "bitcoin wallet" with ability to convert BTC-fiat on the fly only when needed?

I want to know to answer as well, planning to get a mistertango card, but still no idea how to send bitcoin to mistertango account as there is no such info on it.

Anyone?


EDIT: Okay, I just registered an acccount and saw the BTC → EUR bitcoin address on right top.

ok, but can you decide to keep BTC or they are converted as soon es you deposit them?

I read on a prior page that you get multiple BTC deposit addresses - one will convert to fiat immediately, another will let you keep your BTC as BTC on the exchange.

No so sure, and yet I found 2 ways of BTC deposit in account home page:-
https://i.imgur.com/niOb9dl.jpg

No idea what is the difference, anyone can enlighten me?

Same question, whats the differente?

The BTC - EUR address will convert your BTC immediately, the Bitcoin address will let you deposit BTC and hold it as BTC until you sell it yourself.

No. This is the same thing. It is an option to deposit EUR by exchanging BTC. In order to Buy and hold BTC, you have to use BTC.exchange.com (click "Bitcoin market" near the logo)

[bitbunnny]

Got my card yesterday. It arrived prety fast, after about 10 working days. I founded it with Bitcoins, smooth, fast and easy.
Looking forward to try it, hope that everything will function well.

[burinamos]

Does this service offer a "bitcoin wallet" with ability to convert BTC-fiat on the fly only when needed?

I want to know to answer as well, planning to get a mistertango card, but still no idea how to send bitcoin to mistertango account as there is no such info on it.

Anyone?


EDIT: Okay, I just registered an acccount and saw the BTC → EUR bitcoin address on right top.

ok, but can you decide to keep BTC or they are converted as soon es you deposit them?

I read on a prior page that you get multiple BTC deposit addresses - one will convert to fiat immediately, another will let you keep your BTC as BTC on the exchange.

No so sure, and yet I found 2 ways of BTC deposit in account home page:-
https://i.imgur.com/niOb9dl.jpg

No idea what is the difference, anyone can enlighten me?

Same question, whats the differente?

The BTC - EUR address will convert your BTC immediately, the Bitcoin address will let you deposit BTC and hold it as BTC until you sell it yourself.

No. This is the same thing. It is an option to deposit EUR by exchanging BTC. In order to Buy and hold BTC, you have to use BTC.exchange.com (click "Bitcoin market" near the logo)

If this is the same thing, is the conversion rate also the same? The BTC address is different at least.

[BTC-exchange.com]

If this is the same thing, is the conversion rate also the same? The BTC address is different at least.

Both functions will exchange your BTC to EUR. The upper one may actually not be processed if market prices moves more than 5% (as informed on their note (click the "?"), while the lower option will always exchange.

[Vanquish_PT]

Maybe you received funds from a hijacked account?
If the original owner makes a complaint that someone has transferred/stole money from his account, they will (at least in my country) block the senders and receivers bank account.
After investigation they MAY release these accounts again.
In most cases the receiving bank (in this case Mistertango) will close the account afterwards.

That's the reason, why I never do P2P-Trading with SEPA transfers.

It's possible but I don't think so because it was so fast.

What you describe already happened to me with several accounts and usually takes more time.

But the complaint may also be fraudulent so the bank can't just shut me off for that reason.

What pisses me off the most is the complete lack of communication. If they don't like what I'm doing they could just contact me and say something like "We don't like what we see in your account. If you do this and that, we'll shut you down for good."




 

[theoneintrouble]

I am sorry for your bad experience. I hope either Mistertango or BTC-exchange.com come up with a justifiable response. Though I believe you cannot just receive transfers from anonymous people.



I just got verified with Mistertango and shot some email to see what documents they may need for incoming wire transfers because I deposit my money through a financial institution. I wish they are more clear about what documents they need for incoming transfers. That makes it much easier.

Also, it would be nice if they offer a VIP/Premium plan. I do not mind pay more to get better support. Right now it's been a few days that I got verified but cannot open the application because I do not receive sms verification code (I am in Canada) I emailed them, they said they fixed the sms issue and asked me to try again. I tried again but same problem!

[BTC-exchange.com]

I am sorry for your bad experience. I hope either Mistertango or BTC-exchange.com come up with a justifiable response. Though I believe you cannot just receive transfers from anonymous people.



I just got verified with Mistertango and shot some email to see what documents they may need for incoming wire transfers because I deposit my money through a financial institution. I wish they are more clear about what documents they need for incoming transfers. That makes it much easier.

Also, it would be nice if they offer a VIP/Premium plan. I do not mind pay more to get better support. Right now it's been a few days that I got verified but cannot open the application because I do not receive sms verification code (I am in Canada) I emailed them, they said they fixed the sms issue and asked me to try again. I tried again but same problem!

Ali,
I will soon deal with this

[makis22]

quoting this

" you cannot just receive transfers from anonymous people."
If you use this account to load your btc then isnt this always coming from an anonymous source?? Bitcoin is anonymous. Cause i mostly want my mistertango account to load like 1k$ worth of btc every couple of months and be able to spent it with my mastercard. Will this cause problems? They allow btc deposit, and say they are btc friendly. So i assume i can do this regurarly without geting my account locked. I am not talking about big $ here anyway.

[wildfirex]

Hello I just received HERCUS Mastercard from mistertango but I don´t know where can I activate it I was looking into web site and I also checked app but there is nothing related with my card. Can anyone tell me where can I activate it? I would be very happy.

Thanks.

[wildfirex]

Hello I just received HERCUS Mastercard from mistertango but I don´t know where can I activate it I was looking into web site and I also checked app but there is nothing related with my card. Can anyone tell me where can I activate it? I would be very happy.

Thanks.

You should be able to activate the card from the Android iOS app only... Just open the app and w8 like 30 seconds and then. It will appear a message to activate your card...

I have waited for like 5 minutes and nothing.

[theoneintrouble]

quoting this

" you cannot just receive transfers from anonymous people."
If you use this account to load your btc then isnt this always coming from an anonymous source?? Bitcoin is anonymous. Cause i mostly want my mistertango account to load like 1k$ worth of btc every couple of months and be able to spent it with my mastercard. Will this cause problems? They allow btc deposit, and say they are btc friendly. So i assume i can do this regurarly without geting my account locked. I am not talking about big $ here anyway.

I was talking about FIAT not BTC.
You are right BTC is almost anonymous.
I still don't know what is their KYC for BTC withdrawals either ... 

[Vanquish_PT]

I was talking about FIAT not BTC.
You are right BTC is almost anonymous.
I still don't know what is their KYC for BTC withdrawals either ... 

But if you can't receive money from other people on your account, what's the point?

Moving money around your own accounts?

Bank transfers are never anonymous!. Each account has a very well identified owner. What am I missing here?

[Lucius]

Got my card yesterday. It arrived prety fast, after about 10 working days. I founded it with Bitcoins, smooth, fast and easy.
Looking forward to try it, hope that everything will function well.

I hope everything will work good,and that you post how satisfied you are with the total service.I see that verification of card and account requires using of mobile application,is that mobile app necessary for further use of service/MasterCard or can be removed from smartphone?

For users of Android phones,app requires Android version 4.4 and up.