Wise and Crypto payout - which way?

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winklaaa

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Hi, just curious...


If I’m operating a UK limited company with a Wise Business account, what legitimate options exist to pay out company funds into cryptocurrency (not to a personal account)? Lets assume, 20% of the revenue are business spendings, and 80% are company profits.


Wise’s policy states that crypto-related transfers are restricted. If I understod correctly, Wise card payments may be treated differently than wire transfers — would using the Wise virtual business card to purchase crypto on platforms like Binance work? Any safe way?


What other methods exist to regularly convert a few thousand USD per month from a UK company account into cryptocurrency?


Thank you.
 
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On cryptocurrency exchanges, P2P trading does not support Wise. You can only convert to fiat currency and use your own bank account to make transactions.
 
Wise does not support any Crypto related stuff. There must be a way to use Wise money and cash out somehow without risking the Wise account at all
 
Don't do anything stupid and risk your Wise account. You can transfer the money to Revolut and buy crypto with that instead. Are you trying to evade the tax man? I'm pretty sure Wise will report your earnings to the authorities once you hit a certain threshold, or am I wrong about that?
 
winklaaa said:
Hi, just curious...


If I’m operating a UK limited company with a Wise Business account, what legitimate options exist to pay out company funds into cryptocurrency (not to a personal account)? Lets assume, 20% of the revenue are business spendings, and 80% are company profits.


Wise’s policy states that crypto-related transfers are restricted. If I understod correctly, Wise card payments may be treated differently than wire transfers — would using the Wise virtual business card to purchase crypto on platforms like Binance work? Any safe way?


What other methods exist to regularly convert a few thousand USD per month from a UK company account into cryptocurrency?


Thank you.
Click to expand...
No exchange supports buying cryptocurrencies via Wise. You should look for other payment methods.
 
P2P crypto trading doesn’t work with Wise use your bank account after converting to fiat.
 
winklaaa said:
Hi, just curious...


If I’m operating a UK limited company with a Wise Business account, what legitimate options exist to pay out company funds into cryptocurrency (not to a personal account)? Lets assume, 20% of the revenue are business spendings, and 80% are company profits.


Wise’s policy states that crypto-related transfers are restricted. If I understod correctly, Wise card payments may be treated differently than wire transfers — would using the Wise virtual business card to purchase crypto on platforms like Binance work? Any safe way?


What other methods exist to regularly convert a few thousand USD per month from a UK company account into cryptocurrency?


Thank you.
Click to expand...
Why not opening a 2nd bank account for your business? You get the payments in your Wise account, then transfer the money to your second account (so your Wise account is safe) and from there to the crypto exchange.

Another option is to find a company that will convert the fiat you sent them into crypto and transfer you the crypto back (minus some small commission, usually around 3 to 5%).
 
winklaaa said:
Hi, just curious...


If I’m operating a UK limited company with a Wise Business account, what legitimate options exist to pay out company funds into cryptocurrency (not to a personal account)? Lets assume, 20% of the revenue are business spendings, and 80% are company profits.


Wise’s policy states that crypto-related transfers are restricted. If I understod correctly, Wise card payments may be treated differently than wire transfers — would using the Wise virtual business card to purchase crypto on platforms like Binance work? Any safe way?


What other methods exist to regularly convert a few thousand USD per month from a UK company account into cryptocurrency?


Thank you.
Click to expand...
I think you should use crypto to pay; it will be safer.
 
winklaaa said:
Hi, just curious...


If I’m operating a UK limited company with a Wise Business account, what legitimate options exist to pay out company funds into cryptocurrency (not to a personal account)? Lets assume, 20% of the revenue are business spendings, and 80% are company profits.


Wise’s policy states that crypto-related transfers are restricted. If I understod correctly, Wise card payments may be treated differently than wire transfers — would using the Wise virtual business card to purchase crypto on platforms like Binance work? Any safe way?


What other methods exist to regularly convert a few thousand USD per month from a UK company account into cryptocurrency?


Thank you.
Click to expand...
You can use crypto for anonymous payments, which is great and secure for you.
 
winklaaa said:
Hi, just curious...


If I’m operating a UK limited company with a Wise Business account, what legitimate options exist to pay out company funds into cryptocurrency (not to a personal account)? Lets assume, 20% of the revenue are business spendings, and 80% are company profits.


Wise’s policy states that crypto-related transfers are restricted. If I understod correctly, Wise card payments may be treated differently than wire transfers — would using the Wise virtual business card to purchase crypto on platforms like Binance work? Any safe way?


What other methods exist to regularly convert a few thousand USD per month from a UK company account into cryptocurrency?


Thank you.
Click to expand...
I think we should use crypto because we can use P2P banking for transactions.
 
You need to use some exchange services to do that , there are plenty of trusted one here or in google with official review
otherwise you face to be blocked on Wise
 
winklaaa said:
Hi, just curious...


If I’m operating a UK limited company with a Wise Business account, what legitimate options exist to pay out company funds into cryptocurrency (not to a personal account)? Lets assume, 20% of the revenue are business spendings, and 80% are company profits.


Wise’s policy states that crypto-related transfers are restricted. If I understod correctly, Wise card payments may be treated differently than wire transfers — would using the Wise virtual business card to purchase crypto on platforms like Binance work? Any safe way?


What other methods exist to regularly convert a few thousand USD per month from a UK company account into cryptocurrency?


Thank you.
Click to expand...
Wise generally restricts crypto-related transfers, and card purchases may also be blocked depending on the merchant. A common approach is using a UK business bank that supports regulated crypto exchanges. Always use compliant exchanges, maintain proper accounting records, and consult your accountant regarding tax, AML, and company reporting obligations.
 
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