Prohashing Mining Pool Forums

jaybizz wrote:

Steve Sokolowski wrote:

travelinmusic wrote:What about Kraken? They have connectivity issues as well but QandA says "What are the options to deposit or withdraw cash through a bank and what are the fees?
Deposit options and fees

EUR SEPA Deposit (Free) - EEA countries only
USD Bank Wire Deposit ($5 USD) - US only
EUR Bank Wire Deposit (€10) - outside US only
USD Bank Wire Deposit ($10 USD) - outside US only
JPY Bank deposit (Free, ¥5,000 deposit minimum) - Japan only
CAD Wire Deposit (Free)
Withdrawal options and fees

EUR SEPA Withdrawal (€0.09) - EEA countries only
USD Bank Wire Withdrawal ($5 USD) - US only
USD Bank Wire Withdrawal ($60 USD) - outside US only
EUR Bank Wire Withdrawal (€60) - outside US only
JPY Bank withdrawal (¥20) - Japan only
CAD EFT Withdrawal ($10 CAD fee, $25K CAD daily max) - Canada only
We are always working to add more funding options to better serve our clients globally. Fees are determined by our transaction costs and may be adjusted if our funding partners adjust their fee structure."

Good idea. We'll apply there. We also found out about itBit, an over the counter matching service. It requires us to save up until we have 25 bitcoins to unload, and it only deals in bitcoins, but it could serve as a last resort.

Kraken is very much like Gemini as far as adhering to US law and what not, from what I've seen. I have an account with both, and I personally prefer Gemini's interface and banking procedures, but Kraken does offer the ability to verify to higher "levels" in to move large amounts of USD and cryptos. They also have a lot more options as far as trading pairs vs. Gemini. But, I will say that they took forever to setup/verify my account - and I'd imagine the level you guys will need would take a while by default. But, Kraken overall is probably your best bet taking everything into account - hopefully they can get you guys up and running relatively quickly.

I would love to say that we will choose between exchanges to find the best, but in reality, whichever exchange allows us to open an account first will probably be the one we permanently stick with. It's not even a matter of fees. The fact that we're willing to pay large fees just to get an account shows why our opinion is that this crash will bottom out between $980 and $4000 - the industry is simply not able to continue to operate with exchanges refusing to provide service to cryptocurrency companies that need to sell profits for taxes.

If you own an exchange, and are reading this, there are tens of thousands of dollars of profit on the table if you get the account opened first.

So, not to beat a dead horse, but it looks like posting to coinbase's blog comments gets responses.

https://blog.coinbase.com/customer-supp ... 06fbe3edda

i use https://www.quadrigacx.com/ to convert to cash, but they may only be able to service canadian customers.
they do seem to be well run however.

pavvappav wrote:So, not to beat a dead horse, but it looks like posting to coinbase's blog comments gets responses.

https://blog.coinbase.com/customer-supp ... 06fbe3edda

Looks like they stopped responding after Jan 11. I would make a complaint with the FTC. Let them deal with the Feds like we have to deal with them.

CryptoDamon wrote:

pavvappav wrote:So, not to beat a dead horse, but it looks like posting to coinbase's blog comments gets responses.

https://blog.coinbase.com/customer-supp ... 06fbe3edda

Looks like they stopped responding after Jan 11. I would make a complaint with the FTC. Let them deal with the Feds like we have to deal with them.

I replied to that post and we didn't hear anything. All we're trying to do is to get them to give us the $50k they owe us so we can close our account with them.

We're currently reviewing our options about how to proceed with further action against Coinbase, but I can't comment on that.

dnprod wrote:i use https://www.quadrigacx.com/ to convert to cash, but they may only be able to service canadian customers.
they do seem to be well run however.

boy am i dimwitted, i should have given you a referal link instead
https://www.quadrigacx.com/?ref=xzvsh6u ... 5973e3goz6

dnprod wrote:

dnprod wrote:i use https://www.quadrigacx.com/ to convert to cash, but they may only be able to service canadian customers.
they do seem to be well run however.

boy am i dimwitted, i should have given you a referal link instead
https://www.quadrigacx.com/?ref=xzvsh6u ... 5973e3goz6

Wont matter anyways, they dont take US customers.

Incorrect country - Unfortunately we cannot accept United States residents at this time

AppleMiner wrote:

dnprod wrote:

dnprod wrote:i use https://www.quadrigacx.com/ to convert to cash, but they may only be able to service canadian customers.
they do seem to be well run however.

boy am i dimwitted, i should have given you a referal link instead
https://www.quadrigacx.com/?ref=xzvsh6u ... 5973e3goz6

Wont matter anyways, they dont take US customers.

Incorrect country - Unfortunately we cannot accept United States residents at this time

probably because of the byzantine and overreaching american tax regulations.
but if you live close to the border, nothing stopping you from setting up a 'presence' in canada canadian banks also offer US-Dollar accounts, two of them even have real banking connections within the USA (BMO bank via harris bank in chicago area i believe, and RBC bank via something in the carolinas/florida i believe) so unecessary currency exchanges could be avoided.

Interesting...so If I go to canada and setup a 'presence' is that just an address?
Can I just rent a PO box at a mailboxes.etc?

Then you have to have a bank account linked to that address right?
So would I need a canadian bank account also? If I link a US bank account won't that account have my US address on it and disallow me from using it as a canadain deposit? Or can a canadian deposit money into an american bank account via Quad? Can I as an american citizen get a canadian bank account? If I sell crypto into the canadain bank do they withhold taxes or the US or for canada?

I would LOVE to day trip across the boarder, setup a PO mailbox, get a CA bank account and use QUAD to sell all the coins into my CA bank and then just send a check to myself from CA bank to USA bank and deposit it, call it 'salary wages' and just pay contractor income taxes on it and call it a day.

I'm sure there is a monkey wrench in there someplace...like have to have dual citizen ship to do it that way...so both governments can tax you coming and going.

AppleMiner wrote:Interesting...so If I go to canada and setup a 'presence' is that just an address?
Can I just rent a PO box at a mailboxes.etc?

Then you have to have a bank account linked to that address right?
So would I need a canadian bank account also? If I link a US bank account won't that account have my US address on it and disallow me from using it as a canadain deposit? Or can a canadian deposit money into an american bank account via Quad? Can I as an american citizen get a canadian bank account? If I sell crypto into the canadain bank do they withhold taxes or the US or for canada?

I would LOVE to day trip across the boarder, setup a PO mailbox, get a CA bank account and use QUAD to sell all the coins into my CA bank and then just send a check to myself from CA bank to USA bank and deposit it, call it 'salary wages' and just pay contractor income taxes on it and call it a day.

I'm sure there is a monkey wrench in there someplace...like have to have dual citizen ship to do it that way...so both governments can tax you coming and going.

most canadian banks offer USDollar accounts, which you can write US Dollar cheques cashable in the USA. and probably some form of electronic transfers too.
however, the banks themselves probably want some sort of customer ID and fussiness.
then of course a canadian presence probably invokes canadian tax law...
but i bet it has been done and there are people who know how to do it. possibly google is your friend.

that would be for individuals, a real business would simply eat the costs of setting up a real branch in canada (even if its still just a postbox -- or more likely a canadian lawyer's or accountant's office) and pay canadian taxes. i believe tax reciprocity does have your own IRS not taxing you for taxes you've already paid to other countries. or something.

i'm no expert, i've never done it. i live here