gunson on Nostr: I'm sorry, this is very frustrating. Best advice I can give is to keep using p2p ...
I'm sorry, this is very frustrating.
Best advice I can give is to keep using p2p offramps like Robosats, but have some other bank accounts as fallbacks. If one bank closes your account that information is *not* shared across the industry (GDPR).
Likely that a few small transactions per month won't trigger any risk flags. Generally the pattern banks are looking for don't match that behavior, or are targeted on high values (e.g. €10k in a few days).
I buy and sell on Robosats every few weeks using Revolut for fiat and never had issues. Not sure about solutions when banks get forced into identifying this type of activity - hopefully that day is far into the future because it will be impossible for banks to know if the transactions they see are related to p2p Bitcoin trades, so they'd need some type of blunt heuristic which would affect people who are doing things unrelated to Bitcoin.
I share your hatred of compliance. Absolute waste of human potential, shadow state bullshit. ✊
Published at
2025-01-27 19:48:43Event JSON
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"content": "\nI'm sorry, this is very frustrating.\n\nBest advice I can give is to keep using p2p offramps like Robosats, but have some other bank accounts as fallbacks. If one bank closes your account that information is *not* shared across the industry (GDPR).\n\nLikely that a few small transactions per month won't trigger any risk flags. Generally the pattern banks are looking for don't match that behavior, or are targeted on high values (e.g. €10k in a few days).\n\nI buy and sell on Robosats every few weeks using Revolut for fiat and never had issues. Not sure about solutions when banks get forced into identifying this type of activity - hopefully that day is far into the future because it will be impossible for banks to know if the transactions they see are related to p2p Bitcoin trades, so they'd need some type of blunt heuristic which would affect people who are doing things unrelated to Bitcoin.\n\nI share your hatred of compliance. Absolute waste of human potential, shadow state bullshit. ✊",
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