mu_rho (OP)
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July 25, 2013, 01:47:29 AM |
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Hi all. So I'm in Canada, and my bank (ING Direct) apparently stopped doing any wire transfers (inbound or outbound) a while back, so my options to send money to Mt Gox, BitStamp, etc, are somewhat limited. In addition, ING's conversion rate to/from CAD and USD isn't that great. So I signed up for accounts with XE.com (about whom I've heard nothing but good things), CanadianForex.ca when that didn't pan out (for reasons detailed below), and am now contemplating TransferMate.
Now for reasons I assume to be related to anti-laundering legislation, every one of the above sites requires me to detail my reasons for converting and sending money. I, of course, told the truth, and explicitly stated to every site that I intend to convert and wire CADs and USDs, for the purpose of further conversion to/from BitCoin and/or similar, but haven't yet told Transfermate my purpose because I imagine they'll tell me what the other two told me: that "transfers related to digital currencies such as BitCoin are prohibited by our service, therefore would not be possible" (in the XE.com rep's words).
In my search across the internet I've found nothing detailing this event occurring with any other person, and have asked the xe.com rep to clarify and/or explain the policy. As I stated previously, it seems that many people have used xe.com to send money to mt gox, etc. As CanadianForex appears to have a similar policy, I ask: What, if anything, did I do wrong? Am I honestly supposed to lie about my reasons (I'd rather not!)?
Thanks in advance for your advice.
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mu_rho (OP)
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July 25, 2013, 04:22:24 PM |
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As an update, XE.com got back to me and said that "we are a bank account to bank account international transactions provider. Please note that as we do not provide our services for digital currency purchases, unfortunately, your application with us has been cancelled."
Thoughts and advice appreciated.
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mu_rho (OP)
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July 26, 2013, 04:23:21 AM |
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Bumping. Does no one have any idea why I've had such miserable luck?
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quilyang
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July 26, 2013, 04:28:36 AM |
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Mu, where do you live?
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mu_rho (OP)
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July 26, 2013, 05:08:04 AM |
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Mu, where do you live?
Alberta, Canada |
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RAVENCROW
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July 26, 2013, 06:37:42 AM |
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I hear ya I wanna buy more bitcoin but don't wanna get verified.. lucky i know a guy around town that has a bunch to sell.. but still he is gonna run out or not wanna sell to me soon enough  BC here |
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quilyang
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July 26, 2013, 06:42:43 AM |
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I hear ya I wanna buy more bitcoin but don't wanna get verified.. lucky i know a guy around town that has a bunch to sell.. but still he is gonna run out or not wanna sell to me soon enough BC here Vancouver, BC. I can sell too  |
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freedomno1
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Learning the troll avoidance button :)
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July 26, 2013, 06:57:49 AM |
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https://localbitcoins.com/Although I understand that issue I was using canadianbitcoins and cibc cash deposits for a long time but now verification is required Try the cavirtex cash option
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Believing in Bitcoins and it's ability to change the world
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RAVENCROW
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July 26, 2013, 07:55:33 AM |
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you need to be verified now unless you do a wire transfer .. at 35 dollars a pop (estimate)
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freedomno1
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July 26, 2013, 08:04:57 AM |
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you need to be verified now unless you do a wire transfer .. at 35 dollars a pop (estimate)
Was referring to the Cash Bill Payment In person at the bank No Fee Processing Time: 2-5 business days Daily Limit: $50,000Minimum: $20 Monthly Limit: $3,000Verification: Cash He-he I should go report that |
Believing in Bitcoins and it's ability to change the world
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RAVENCROW
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July 26, 2013, 08:41:50 AM |
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i guess.. still need to do a cash verify and submit your photo id and a bill |
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freedomno1
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July 26, 2013, 08:52:36 AM
Last edit: July 26, 2013, 09:09:57 AM by freedomno1 |
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i guess.. still need to do a cash verify and submit your photo id and a bill Yah &_& unless you try localbitcoins pretty much the status right now I guess you can send cash to canadianbitcoins in the mail Cash via XpressPost/Courier but never tried that method if you want to be a bit more anon Banks are worried about bitcoin can you blame them with a true competitor to Visa I wish the credit unions started using bitcoin though |
Believing in Bitcoins and it's ability to change the world
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RAVENCROW
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July 26, 2013, 09:17:46 AM |
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I cant wait till the localbitcoin thing to take off once more people get miners |
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freedomno1
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Learning the troll avoidance button :)
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July 26, 2013, 09:43:04 AM |
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I cant wait till the localbitcoin thing to take off once more people get miners True enough probably won't take off for a while yet small retailers are first since they don't want to pay visa premium fees to maximize profits then we get higher adoption gradually |
Believing in Bitcoins and it's ability to change the world
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