Hello everyone, is a lot of time that I don’t buy BTC. I’m thinking to restart with a PAC. I used to transfer CHF to my Revolut, after to Kraken, buy CHF/BTC, transfer BTC to my ledger wallet. Is it always valid? The fees are augmented?
Bluewallet or electrum?
Ok, Aqua. As always, one has to always look under the hood. Reading their website:
AQUA is a non-custodial Bitcoin and Liquid wallet
If you use AQUA, our wallet software will use an algorithm to generate a random 12-word phrase as a seed to a BIP32 hierarchical wallet. This 12-word phrase is called a recovery phrase (or mnemonic phrase). If reproduced exactly, this phrase stores all the information needed to recover your Wallet if access through fingerprint authentication or any other means the device provides for you is lost or otherwise unavailable.
seamlessly transact in Bitcoin, Lightning, and Liquid assets including Tether USDt.
AQUA users are able to send or receive Tether USDt from the Ethereum and Tron chains via third-party rails we have enabled for such purposes.
When AQUA users receive USDt via Tron or Ethereum, AQUA instantly converts those funds into Liquid USDt; this is the same conversion that occurs when sending your native L-USDt to a Tron or Ethereum address. Your AQUA wallet will only ever hold Liquid USDt.
While Bitcoin and Liquid are supported natively, Lighting send/receives are executed via trustless swaps though Boltz. This means that your AQUA wallet never holds Bitcoin on Lightning at any time, but rather Layer 2 Bitcoin on Liquid. Each time you send out or receive a payment, Liquid Bitcoin (L-BTC) is instantly exchanged in the background.
Not so much different than other wallets, after all.
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So, all in all, looks like there are 3 crypto wallets for Liquid Bitcoin:
- Aqua https://aquawallet.io/
- Blockstream Green Blockstream Green: Simple and secure Bitcoin wallet
- SideSwap SideSwap - Settlement infrastructure of the Liquid Network
The last one is a product of a crypto exchange.
According to the documentation, it has functionality which allows users to “peg-in”, “peg-out”, and swap assets.
I am going to check this app and its build-in “peg-out” (transferring BTC from Liquid to the base layer) function.
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Did you check it out? Is it in any way competitive to other solutions regarding fees?
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Nope. Probably comparable to PostFinance.
Hi everyone,
I tried everything but I think it’s impossible to fund my Kraken account with deposit from my Neon Bank account. The beneficiary of the account to which the deposit is to be made is in the British Virgin Islands, but this is one of the countries, if not the only one, that is not available in the list of countries in the Neon app.
Do any of you have the same problem and have found a solution or an alternative?
Many thanks in advance.
I fund from neon. On CH IBAN. Just the special permanent Ref Code needed shown in Kraken.
The only must rule: name on acc neon must be same as acc in Kraken.
EDIT: SIC payment.
Hi, thanks for your answer but I still don’t get it. Here is the beneficiary infos I need to fill in Neon:
But the Kraken info are in the British Virgin Island, which is not available in the country list, can you help me:
Account name
Payward Trading Ltd.
Bank name
Bank Frick
Company address
2429, Wickhams Cay II,Tortola, VG1110, British Virgin Islands
Bank address
Landstrasse 14, 9496 Balzers, Liechtenstein
Account number
001001001
IBAN
LI67 0881 1010 4623 K002 C
How do I need to fill these info into the Neon screen to make it works? Is it okay to fill it with the bank address an not the beneficiary one?
Many thanks!
Yes, it’s ok.
Huh, they used to have London address… Now I also see BVI.
I read the whole topic again.
It seems that Binance is not used at all - is there any particular reason for that? Why Kraken is better?
For a start, try to transfer some CHF to Binance.
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OK - I knew it that there is something 
If you have swissquote just buy it there.
Hello everybody!
From my side I tried to load Kraken CHF from Migros Bank (as I used to do) and seems that it is not possible any longer, I can’t remember but I I think they changed to this IBAN in Liechtestein Brink bank, but before used to be a CH*** IBAN.
The same bank details as Mustacho mentioned before here Buying crypto for Swiss residents [2023] - #112 by Mustacho
I got as reason:
PAIEMENTS EN FAV. D'UNE PLATE-FORME MONNAIE KRYPTO A UN PAYS NON FATF NE SONT PAS POSSIBLE.
( Liechtestein seems no to be part of FATF )
Do you guys have some other banks for which a recent transfer worked?
Thanks!
PS: I also check the EUR deposits and seems to be an UK option in Kraken (but well to avoid the exchange)
Always worked with Yuh so far.
And anyway, I would avoid transferring money to crypto exchanges from your main bank account that you use for most purposes. Probably this rule is not that important anymore in 2024, but it might save you some problems.
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I just did it (last night) from UBS to Kraken - all ok.
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When I did it the first time from ZKB, I got a call to confirm and that I am aware of the risks. Once confirmed all future transactions went through fine.
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Thanks for your answers!, I will have to check other options (also is a good point to use a different bank)
I check old transfer (2021) and the destination was always to an IBAN in Liechtestein, it used to work.