Alp on Nostr: There it is! The Bitcoin to SEPA Bank accounts bridge I've been waiting for for 2 ...
There it is! The Bitcoin to SEPA Bank accounts bridge I've been waiting for for 2 years or more.
The one last obstacle to live on a Bitcoin standard nearly 100% (just have to leave dirty fiat amount for spendings that require cash on the bank account). And for gas and groceries we can just use a BTC debit card.
In Europe we can pay a lot of bills only with SEPA bank transfers, like rent or energy costs. So I leave that amount in fiat to be paid for the next month. Now I can just convert any income completely to Bitcoin and pay from there. This is possible in Germany because you don't have to pay taxes on withdrawals after holding BTC for over 1 year.
And KYC is no problem here, because I'm already KYC'ed as soon as I transfer to bank accounts.
This wasn't possible with other exchanges because they only allow you to withdraw Bitcoin to your own bank account. Bull Bitcoin allows you to add several beneficiaries as explained in the video on Twitter.
One more important step to leave my bank behind, I could even live bankless now. Have to try this out step by step. Good times ahead!
The one last obstacle to live on a Bitcoin standard nearly 100% (just have to leave dirty fiat amount for spendings that require cash on the bank account). And for gas and groceries we can just use a BTC debit card.
In Europe we can pay a lot of bills only with SEPA bank transfers, like rent or energy costs. So I leave that amount in fiat to be paid for the next month. Now I can just convert any income completely to Bitcoin and pay from there. This is possible in Germany because you don't have to pay taxes on withdrawals after holding BTC for over 1 year.
And KYC is no problem here, because I'm already KYC'ed as soon as I transfer to bank accounts.
This wasn't possible with other exchanges because they only allow you to withdraw Bitcoin to your own bank account. Bull Bitcoin allows you to add several beneficiaries as explained in the video on Twitter.
One more important step to leave my bank behind, I could even live bankless now. Have to try this out step by step. Good times ahead!
quoting nevent1q…jf4tYes you can go on our plateform to use BTC to send fiat to any bank account in the eurozone.
It's almost instant if you use lightning ⚡
Feel free to contact us if you have any questions.
More infos: https://x.com/BullBitcoin_/status/1881371651251769619?t=G7hL7xqyJ6UMBOtAbGKb2Q&s=19