The WORST Banks for Crypto!! Use These Instead!! โœ…

๐Ÿ“ฒ Insider Info in my Socials ๐Ÿ‘‰ https://guy.coinbureau.com/socials/
๐Ÿ›’ Get Up To โ‚ฌ300 FREE At Swissborg ๐Ÿ‘‰ https://guy.coinbureau.com/swissborg/
๐Ÿ‘• Check Out My Merch ๐Ÿ‘‰ https://store.coinbureau.com
๐Ÿ”ฅ TOP Crypto TIPS In My Newsletter ๐Ÿ‘‰ https://guy.coinbureau.com/signup/

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๐Ÿ“บ Essential Videos๐Ÿ“บ
How to buy crypto with Swissborg ๐Ÿ‘‰ https://www.youtube.com/watch?v=fiw5rp3zoo0&t

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– TIMESTAMPS –
0:00โ€‹ Intro
2:29โ€‹ What Happened with Binance?
6:04โ€‹ Who Not to Bank With?
9:47 Crypto Friendly Banks
10:56โ€‹ 4) Fidor Bank
12:59โ€‹ 3) Monzo
14:37โ€‹ 2) Nuri
16:16โ€‹ 1) Revolut
19:07โ€‹ Top Banking Tips
22:57โ€‹ Conclusion

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โ›“๏ธ ๐Ÿ”— Useful Links ๐Ÿ”— โ›“๏ธ
โ–บ FCA warning: https://www.fca.org.uk/news/news-stories/consumer-warning-binance-markets-limited-and-binance-group
โ–บ Binance response to FCA: https://twitter.com/binance/status/1409229415846981634
โ–บ GBP outage on Binance: https://www.ft.com/content/2d427ed7-f9e4-46cf-a4c4-46429b19df5d
โ–บ SEPA payment suspension: https://www.ft.com/content/bf99e9e3-d104-4a92-81a1-8bd70b884b3f
โ–บ Binance & Clear Junction: https://clearjunction.com/news/binance-transactions/
โ–บ Santanderโ€™s position: https://twitter.com/santanderukhelp/status/1413113607345278976
โ–บ Banks Vs Binance: https://www.thestreet.com/crypto/news/major-uk-banks-to-halt-binance-transactions-angering-clients
โ–บNatwest crypto ban: https://www.coindesk.com/uk-bank-natwest-limits-amount-users-can-transfer-to-crypto-exchanges
โ–บ HSBCโ€™s anti crypto stance: https://www.thetimes.co.uk/article/bitcoin-holders-barred-from-depositing-profits-in-uk-banks-pgswbfrdz
โ–บ HSBC & MicroStrategy: https://www.theblockcrypto.com/post/101448/hsbc-microstrategy-shares-ban-bitcoin-concerns
โ–บ Fidor funding provider for Kraken: https://support.kraken.com/hc/en-us/articles/360048657612-Fidor-AG-funding-provider
โ–บ Bitcoin.de integrates Fidor: https://www.coindesk.com/bitcoin-de-launches-integration-with-fidor-bank-accounts
โ–บ Monzo crypto stance: https://twitter.com/monzo/status/1412117505183830020?s=21
โ–บ Monzo fees: https://monzo.com/legal/fee-information
โ–บ Nuri rebrand: https://www.finextra.com/pressarticle/87705/bitwala-rebrands-as-nuri
โ–บ Nuri country support: https://nuri.com/supported-nationalities/
โ–บ Revolut country support: https://www.revolut.com/en-BE/help/profile-plan/verifying-identity/what-countries-are-supported

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๐Ÿฆ Choose Your Crypto Friendly Bank ๐Ÿฆ

โ–บ Fidor Bank: https://www.fidor.de
โ–บ Monzo: https://monzo.com
โ–บ Nuri: https://nuri.com
โ–บ Revolut: https://www.revolut.com

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โ‰๏ธ What Happened with Binance? โ‰๏ธ

The UKโ€™s FCA dropped a consumer warning about Binance Markets Limited back on the 26th of July. That stated that Binance Markets Limited wasnโ€™t permitted to undertake regulated activity in the UK. It also went on to say that no other entity in the Binance Group holds any form of UK authorization, registration or license to conduct regulated activity in the UK

All that led to many Brits worrying if Binance was going to be barred from serving the UK market

Thos chaps at Binance responded the next day, explaining that the notice only referred to Binance Markets Limited and that services provided by Binance.com were not provided by this entity. Therefore, that FCA notice had no impact on services offered by Binance.

Despite this, UK customers on Binance started reporting GBP withdrawal issues on the exchange. It transpired that their payment processor, Clear Junction, had dropped then thanks to that FCA notice.

Things got even worse when Binance users started reporting problems with SEPA deposits. So, the problem spread to the rest of Europe.

๐Ÿ’ฐ Who Not to Bank With? ๐Ÿ’ฐ

The plot in the Binance saga thickens, with Barclayโ€™s leading the charge against Binance. Santander joined them hours later. Both banks sent messages to customers saying that they were blocking payments to Binance due to that FCA

Then you have NatWest who placed limits on the amounts that users could transfer to crypto exchanges just days before the FCA ban

HSBC went even further earlier this year by saying that โ€œHSBC will not process cryptocurrency paymentsโ€

๐Ÿ‘ Crypto Friendly Banks ๐Ÿ‘

Iโ€™ve got friends who say that transactions to crypto exchanges are being processed by Halifax, Metro Bank and First Direct.

However, what are my picks for the most friendly crypto banks? Well, that would be: Fidor, Monzo, Nuri and Revolut

๐Ÿ’ช Top Banking Tips ๐Ÿ’ช

Watch my video to learn about my own personal crypto banking setup and my top tips to help you avoid getting that account frozen

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๐Ÿ“œ Disclaimer ๐Ÿ“œ

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Binance #Banks #crypto #barclays #santander #hsbc

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