Molly White Tracks Crypto Scams. It’s Going Just Great

Re:Molly White Tracks Crypto Scams. It’s Going Just Great by super256 on Tuesday May 30, 2023 @03:08PM (#36129152)

I tried wise some time ago. I wanted to send Euros to them, convert it to USD and then send it from my wise account to an American Bank account.

To my dismay, I found that wise doesn't do Swift transactions in USD to bank accounts in the USA. I actually thought that was the whole idea behind wise, but apparently not?

The other option was to pay my bank an additional 40€+ fee for each Swift transaction, which is too much if you need to wire money every month to the states. USDC was the cheapest option in the end (Coinbase doesn't charge for SEPA -> Coinbase and the EUR/USDC exchange rate is closely tracking EUR/USD).

I would agree that >99% of the tokens and cryptocurrencies are garbage. But I would be sad to see Bitcoin and Monero dying.

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Re:Molly White Tracks Crypto Scams. It’s Going Just Great by bentcorner on Tuesday May 30, 2023 @03:36PM (#36129502)

I'm not a banking person but if you have a US bank account can't you do an ACH transfer from Wise to your bank?

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Re:Molly White Tracks Crypto Scams. It’s Going Just Great by wiredfool on Tuesday May 30, 2023 @04:11PM (#36130015)

Yeah, I don’t know why you’d want to use Swift, as that’s more an international rail. ACH or Wire are the standards inside the US, along with some of the newer proprietary stuff like Zelle.

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Re:Molly White Tracks Crypto Scams. It’s Going Just Great by super256 on Tuesday May 30, 2023 @05:40PM (#36131275)

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Re:Molly White Tracks Crypto Scams. It’s Going Just Great by philipwhiuk on Tuesday May 30, 2023 @08:02PM (#36132868)

How much did you pay in BTC fees?

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Re:Molly White Tracks Crypto Scams. It’s Going Just Great by MacsHeadroom on Tuesday May 30, 2023 @08:12PM (#36132934)

He said he used USDC, likely on a rollup which is typically around 1 cent to 50 cents.

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Re:Molly White Tracks Crypto Scams. It’s Going Just Great by wiredfool on Wednesday May 31, 2023 @09:39AM (#36138279)

But once you're in Wise, you have a US acct/routing number (from Evolve, iirc).

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Re:Molly White Tracks Crypto Scams. It’s Going Just Great by super256 on Wednesday May 31, 2023 @04:08PM (#36143553)

I just went straight to the "transfer" button and ended up with this form: https://imgbox.com/QY8GQFhQ

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Re:Molly White Tracks Crypto Scams. It’s Going Just Great by bentcorner on Thursday June 01, 2023 @08:40PM (#36159370)

I get something like that if I'm trying to send Euros from my Wise account (and there's an "Inside Europe"/"Outside Europe" toggle). Are you able to exchange your EUR to USD within Wise first?

https://imgbox.com/ADDZxVXh

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Re:Molly White Tracks Crypto Scams. It’s Going Just Great by super256 on Saturday June 03, 2023 @09:31AM (#36176540)

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Re:Molly White Tracks Crypto Scams. It’s Going Just Great by super256 on Tuesday May 30, 2023 @05:39PM (#36131262)

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