Glad you folks are enjoying that vid! Just wanted to quickly | Coin Bureau Insider

Glad you folks are enjoying that vid!

Just wanted to quickly address all the concerns that my viewers in the UK & Europe have been getting about the Binance fiat funding.

As we have seen, Barclays bank has recently announced that they will no longer be allowing their customers to send money to Binance to "protect them"

I can't tell you how much this enrages me - it's encapsulated in this tweet:

https://twitter.com/coinbureau/status/1412097768982786049

It turns out that the issue may be broader than just Barclays.

Binance has just announced that they will be suspending all EUR deposits via SEPA. One of my followers just sent me this:

https://prnt.sc/192m7u3

So, what it seems like is that it is going to be hard for users in Europe to send or receive fiat from Binance.

It shouldn't impact on the crypto funds that you have on Binance. This is only about funding.

Secondly, if you are looking for an alternative bank in the UK that is willing to work with them, there are a couple of suggestions that I have:

- Metro Bank
- Monzo
- First Direct
- Halifax

These are used by people in the team and is also based on feedback from other crypto community members here in the UK.

Of course, there is no knowing what can happen with banks these days. So, I highly recommend that you also consider getting a backup fiat on/off ramp solution.

One of the easiest that I know of right now is Swissborg. I use them daily and I have never had fiat funding issues with them - mainly because of their European licences.

Of course, the coin support on Swissborg is more limited than Binance. So, if you have a Binance account, you can easily just use it for your coin trading while using Swissborg as the fiat-crypto "bridge" solution.

If you wanted to create a Swissborg account, you can do so right here:

https://guy.coinbureau.com/swissborg/

You can also earn a free €300 if you deposit up to €150.

At the end of the day though, the real solution to all of our problems is crypto friendly banks. While there are a few, they are far between.

If I ever come across an openly pro crypto bank, I will happily support them on the channel. Until then, the search continues...