Convert bitcoin, USDT or USDC to US dollars abroad. The dollars land in a bank account abroad in your own name, at our banking partner, and you can send them by international wire to your own bank in your country of residence. From Panama, Balboa Exchange works through partners and liquidity providers, with an OTC desk for larger trades. Every client is reviewed under KYC and AML rules before trading.
Banking partner
Opening an account with us gives you a bank account abroad in your own name at our banking partner.
US dollar payments are routed through an intermediary bank
What we do
Convert bitcoin, USDT or USDC to USD and withdraw by international wire to a bank account in your own name. Larger trades go through our OTC desk, with a firm quote before you commit. Qualification asks for your country of residence, expected size and source of funds.
Conversion and OTC detailsConversion abroad does not automatically make income foreign-source or tax-exempt. Balboa Exchange does not provide tax, legal or accounting advice. You remain responsible for any reporting and tax obligations in your country of residence; consult a qualified adviser. Services are subject to KYC and AML review and are not available in every jurisdiction.
Service model
Every new client begins with a short qualification questionnaire. Based on the answers, we route you to the desk on WhatsApp, or to a logged-in platform with the tools to act on your own schedule. Either path can lead to the other.
Why Balboa
We are here. We know the lawyers, the notaries, the right banks, and the bureaucratic rhythm.
Bitcoin is the reserve asset. Stablecoins are the rails. The rest is distraction.
OTC is a confidentiality product as much as a price product. Privacy, inside full compliance.
We route through vetted partners and liquidity providers, so digital assets can move to and from traditional banking rails.
Begin
Tell us your country of residence, expected size and source of funds. The right team member responds.