Bitcoin Forex Forum | Forex Community Place
Bitcoin Forex Forum
Forex Community Place
Results 1 to 9 of 9

Thread: Will my bank eventually notice that I'm selling bitcoins and suspend my bank account?

  1. #1
    Senior Member
    Join Date
    Jan 2018
    Posts
    558
    Accumulated bonus
    0.00 USD
    (What is this?)
    Thanks
    0
    Thanked 0 Times in 2 Posts

    Will my bank eventually notice that I'm selling bitcoins and suspend my bank account?

    Will my bank eventually notice that I'm selling bitcoins and suspend my bank account?

  2. The Following 2 Users Say Thank You to Juskopo For This Useful Post:


  3. #2
    Senior Member
    Join Date
    Dec 2017
    Posts
    927
    Accumulated bonus
    0.00 USD
    (What is this?)
    Thanks
    1
    Thanked 0 Times in 12 Posts
    They will close your account without notice once they knew that it is for trading Bitcoin. I would advise you to use an electronic payment system to avoid inconvenience.

  4. The Following 2 Users Say Thank You to Mr. Cid For This Useful Post:


  5. #3
    Senior Member
    Join Date
    Nov 2017
    Posts
    777
    Accumulated bonus
    0.00 USD
    (What is this?)
    Thanks
    1
    Thanked 0 Times in 7 Posts
    Quote Originally Posted by Mr. Cid View Post
    They will close your account without notice once they knew that it is for trading Bitcoin. I would advise you to use an electronic payment system to avoid inconvenience.
    Your bank probably won't notice if you keep your transactions hidden. Never mention your Bitcoin trading activities to the staff of the bank.

  6. The Following 2 Users Say Thank You to Newbie_trader For This Useful Post:


  7. #4
    Senior Member
    Join Date
    Dec 2017
    Posts
    932
    Accumulated bonus
    0.00 USD
    (What is this?)
    Thanks
    6
    Thanked 2 Times in 7 Posts
    They won't notice unless you tell them about your crypto trading activities.

  8. The Following 2 Users Say Thank You to AbdulShiek For This Useful Post:


  9. #5
    Senior Member
    Join Date
    Dec 2017
    Posts
    927
    Accumulated bonus
    0.00 USD
    (What is this?)
    Thanks
    1
    Thanked 0 Times in 12 Posts
    Quote Originally Posted by AbdulShiek View Post
    They won't notice unless you tell them about your crypto trading activities.
    It is better to avoid bank transactions. Try to use epayment gateway. They are safe to use.
    Last edited by Mr. Cid; 08-01-2019 at 03:22 AM.

  10. #6
    Senior Member
    Join Date
    Dec 2017
    Posts
    932
    Accumulated bonus
    0.00 USD
    (What is this?)
    Thanks
    6
    Thanked 2 Times in 7 Posts
    Quote Originally Posted by Mr. Cid View Post
    It is better to avoid bank transactions. Try to use epayment gateway. They are safe to use.
    Correct. Most of the banks have denied any Bitcoin related businesses. So, we have to take the safest path.

  11. #7
    Senior Member
    Join Date
    Sep 2018
    Posts
    435
    Accumulated bonus
    0.00 USD
    (What is this?)
    Thanks
    20
    Thanked 2 Times in 14 Posts
    It will be detected by your bank especially if you directly use your account or cards to transact Bitcoins. If your bank prohibits it, then better not use it to buy or sell Bitcoins.

  12. The Following User Says Thank You to Aya For This Useful Post:

    Unregistered (1 )

  13. #8
    Senior Member
    Join Date
    Sep 2018
    Posts
    427
    Accumulated bonus
    0.00 USD
    (What is this?)
    Thanks
    27
    Thanked 1 Time in 1 Post
    Your bank will eventually know about it no matter how much you try to hide it. So it would be better not to use your bank account on your Bitcoin transactions.

  14. #9
    Member
    Join Date
    Aug 2019
    Posts
    97
    Accumulated bonus
    0.00 USD
    (What is this?)
    Thanks
    1
    Thanked 0 Times in 0 Posts
    In countries where it is illegal to trade bitcoin, banks would act based on regulations. Like in Nigeria, in the wake of issues with bitcoin, operators advised their clients not to add bitcoin to the cash deposit narrative.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Earn up to
$50 000
for inviting friends
to get StartUp Bonus
from InstaForex
No investments required!
Start trading without
any investments and risks
WITH NEW STARTUP
BONUS 1000$
GET BONUS
55%
from InstaForex
on every deposit