Newbie needs advice on sending USD to the US from Crypto Exchange

[nandocou]

Hi! I am a newcomer to the forum, and what brought me here was a doubt regarding transfers to US banks. In particular, I am a physical person living in Argentina (a country famous for meat and forex restrictions) and would like to send a transfer to a US bank. Transfering money directly to a foreign account is not permitted (even if the account is mine), so I am trying to circumvent government restrictions by -you guessed it- using Crypto. The process would be:
1) Deposit cash in my local (ARG) crypto exchange and buy BTC
2) Transfer BTC to a foreign crypto exchange/wallet
3) Exchange BTC for fiat (USD)
4) Transfer fiat to my USD bank account

I am particularly having trouble with step #4, as I am trying to find a crypto exchange/wallet that lets me transfer USD into the US. I have tried a few possibilities and for example, Kraken and Coinbase require you to be a US citizen to transfer USD to a US bank account.
If anyone knows of a platform that allows easier transfers of fiat, or thinks I should do things differently, please, all opinions are welcome.
If you've reached this point, thank you for taking the time to read about my issue, and please, feel free to ask for any advice on the other steps which I could already solve

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[BitMaxz]

Have you tried to check Binance.us?

Check this on how to link your Bank account https://support.binance.us/hc/en-us/articles/360047530534-How-to-Link-a-Bank-with-Routing-and-Account-numbers

I think there's no easy way to transfer them directly to your bank account in US they will always needs a KYC verification or like you mention about coinbase they might need US citizen.

You might also need to try cash.app they are now support bitcoin and able to deposit and withdraw.
If you link your bank there you can maybe able to withdraw your BTC from cash.app to your bank account.

[ryzaadit]

I am particularly having trouble with step #4, as I am trying to find a crypto exchange/wallet that lets me transfer USD into the US. I have tried a few possibilities and for example, Kraken and Coinbase require you to be a US citizen to transfer USD to a US bank account.
If anyone knows of a platform that allows easier transfers of fiat, or thinks I should do things differently, please, all opinions are welcome.
If you've reached this point, thank you for taking the time to read about my issue, and please, feel free to ask for any advice on the other steps which I could already solve

Yeah, most of all transaction to bank on some exchange always required KYC because they will send the fund to the same name of your ID. So, your bank account needs to be the same as ID name.

P2P trade maybe could be an option? checking on P2P Trade Binance "I Want To Sell" some merchants provide "Bank Transaction" for the payment transaction. The problem, don't know what bank they are used for the transaction.

[jackg]

Is it only USD you're after specifically or is it any currency that isn't correlated with arg/as inflationary?

It might be easier to look at the same sites tu pure using but withdrawing euros to a European bank account. In general European markets have a lot less regulations than the US do as they're slightly less lawless than the US is and keep their borders a little more open too...

Not sure how the stablecoins work but usdc or dai migtt be a good option for holding a US pegged value without having to deal with a US bank account.

[Danslip]

Have you checked the middleman companies like Payoneer or Epayments? AFAIK, there are other alternative virtual bank offices in Estonia for sending/receiving the money but no idea any of these companies work with US banks. Better use search engines for finding the conditions, be careful and check the feedback of the company before sending crypto. I didn't get the full picture so let me ask:
1) Can you send it to another person who lives in the US and gladly help you?
2) What if the US bank froze the account and ask the source of funds? Did you think about such possible risks?
3)Why the US bank account? You have mentioned about restrictions on forex trading in Argentina, will you fund your forex account(Oanda, FXbrokers) with this method?

[Insanerman]

I am particularly having trouble with step #4, as I am trying to find a crypto exchange/wallet that lets me transfer USD into the US. I have tried a few possibilities and for example, Kraken and Coinbase require you to be a US citizen to transfer USD to a US bank account.
If anyone knows of a platform that allows easier transfers of fiat, or thinks I should do things differently, please, all opinions are welcome.
If you've reached this point, thank you for taking the time to read about my issue, and please, feel free to ask for any advice on the other steps which I could already solve

Yeah, most of all transaction to bank on some exchange always required KYC because they will send the fund to the same name of your ID. So, your bank account needs to be the same as ID name.

Well in fact, most of the banks not only requires valid IDs from its customers, but also wants to know the reason of the source of funds as they are afraid of being linked to any possible issues with their customers. Some do interviews and calls people for what is the reason why he had received money especially if it was from cryptocurrency (as in my country and my past case I experienced it).

If you really don't have any other choices. Better post on services thread and find some users that resides in America to process your inquiry, but keep in mind that transact only on those users with many trusts especially sr members above. But also take note of their fees, just negotiate with them. I guess there would be users in here that can help. I'll be following your account from now on if you did my suggestion so that I could help you if you could trust this or that user or not. But still, the negotiation on you and the helper depends on your deal.

[Lordhermes]

1) Can you send it to another person who lives in the US and gladly help you?

This would be a risky one if he chooses this method, it would be more better if he sends it to someone he knows that would gladly help him.

If you really don't have any other choices. Better post on services thread and find some users that resides in America to process your inquiry.

This might be of help to some extents, but therefore, there is no American Locale board to fish out some trusted users on the forum that would perform that for you.
Be careful if you really choose to post on service thread and negotiate with user having positive trust of +2 above.

[Danslip]

1) Can you send it to another person who lives in the US and gladly help you?

This would be a risky one if he chooses this method, it would be more better if he sends it to sine one he knows that would gladly help him.

If you really don't have any other choices. Better post on services thread and find some users that resides in America to process your inquiry.

This might be of help to some extents, but therefore, there is no American Locale board to fish out some trusted users on the forum that would perform that for you.
Be careful if you really choose to post on service thread and negotiate with user having positive trust of +2 above.

This is the last method for OP if there is no other choice, I never support sending the money to a strange person who the sender doesn't know personally. Trustable companies are in the same category too, that is why I have asked before for what reason the transfer will happen. Maybe there are other alternatives for funding the account on the forex broker. The answer by OP will clear the dust.

[mersal]

Possible ways are

Trying peer to peer trading platforms and for USA I don't see much traders have bank transfer payment modes, they prefer paypal and western Union.

Can withdrew the bitcoins directly and convert it into fiat on Bitcoin ATMs.

[Insanerman]

1) Can you send it to another person who lives in the US and gladly help you?

This would be a risky one if he chooses this method, it would be more better if he sends it to sine one he knows that would gladly help him.

If you really don't have any other choices. Better post on services thread and find some users that resides in America to process your inquiry.

This might be of help to some extents, but therefore, there is no American Locale board to fish out some trusted users on the forum that would perform that for you.
Be careful if you really choose to post on service thread and negotiate with user having positive trust of +2 above.

This is the last method for OP if there is no other choice, I never support sending the money to a strange person who the sender doesn't know personally. Trustable companies are in the same category too, that is why I have asked before for what reason the transfer will happen. Maybe there are other alternatives for funding the account on the forex broker. The answer by OP will clear the dust.

Indeed. Yes it can be risky, but at least if the OP would be cautious on whom he would negotiate, he can have the answer in his matter. Also, there are a lot of reputable users in this forum that resides in America nor has bank accounts in America as well. If ever the OP would really take my advice, he better inquire with the following standards:

• Trust only users with a lot of trading history in this forum. Therefore those who have green trusts, and preferably Sr. Member above only (Legendary for a lesser risk)
• Post in Currency exchange board so he can have sets of users that is active in that board, or he can just find some people that offers services that meets his problem.

[beerlover]

Best and most clear way to do it is using coinbase if you have a bank account in USA, that way you would be capable of actually doing the trade and withdrawing to the bank account.

A lot of people say they do not like coinbase and I understand that if there is this much pattern of them not being liked by people, that could mean that they are not right neither, but if you have all the information (KYC related) that they require I feel like it shouldn't be a problem. That way you could buy bitcoin with your local fiat, send that coins to coinbase account, then exchange it for dollars and withdraw it to your bank account.

But you do need a usa bank account for that, if you do not have that you can't send it to someone elses bank account, it will be flagged as false.