How do I off-ramp crypto yield generated by company? Your feedback please?

[MFNL]

Hello everyone,

I am a Dutch passport holder and have an online marketing company in the Netherlands. I have converted a bit of fiat into crypto using a Dutch EMI a few years ago, which has since changed its policy and is now not crypto-friendly anymore. I am considering staking this crypto to generate yield.

So my question is, how can I off-ramp my crypto yield into a crypto friendly business bank/EMI account with an IBAN? I will use the revenue generated by this yield to pay my salary and some other business expenses (hosting, etc.). Those payments require an IBAN. The amount is 3k-4k euro every month. I have full proof of funds.

I would appreciate your thoughts on which good solution would work & your suggestions of suitable EMI/banks.

Some thoughts:

ideally: cryptofriendly business EMI with IBAN that allows crypto deposit and converts crypto to fiat > personal EMI/bank with IBAN
or: create business account at crypto exchange -> cryptofriendly business EMI with IBAN -> personal EMI/bank with IBAN
or...do you have other ideas???

FYI: I have an Advcash (business account) that allows crypto deposits, but they have paused external IBAN transfers (for all clients, not just me). I can only transfer to the (not so crypto friendly) EMI I used to deposit funds.

Thank you for your ideas and feedback!

 

[padres123]

maybe swissmoney.com
Crypto acc. + IBAN + 3 VCC

 

[JohnLocke]

How about kraken, they don't care to which account you pay out your crypto /‌ fiat !

 

[MFNL]

Thank you for your suggestion. I appreciate it!

​

I will definitely check it out. Do‌ you have personal experience with them?

Thanks for⁠ your suggestion, appreciate your feedback! From crypto (CEX) -> EMI/bank account, the CEX probably is⁤ not the bottleneck, but getting an EMI/bank account that is crypto friendly is (= don't⁣ block the fiat deposits from Kraken, in this example). Would you happen to know a⁢ business EMI/bank account provider that would be open minded to such a setup?

 

[vehzag]

Zen, Blackcatcard

 

[volcanotnt]

Personal & Business accounts​

EUR IBAN account​

• Direct Debit
  
• SEPA Instant︇
  
• Faster Payments
  
• Crypto Wallet
  
• Exchange
  
• Rewards
  

Nebeus Mastercard now, plastic + virtual.​

Multiple Cryptocurrencies
Instant Top-Up with Stablecoins
Flexible Spending Limits & more

https://nebeus.com/

 

[RobertNozick]

Found any solution?

 

[padres123]

..Exchanges from EU / LT drive you crazy for large amounts. If the moderator allows‌ me, I could post my link for the perfect provider... Payouts up to 100k -‍ no problem, free CH Iban and much more. I've been testing for 2 months. It's⁠ really cool. Many better than Monerium, swapin etc.

 

[RobertNozick]

Can you⁤ please DM the name of provider?

 

[pedromo]

did you find a solution? I'm in same boat.

 

[Wellington]

Advcash isn’t working for IBAN/SEPA

That leaves swissborg or TAP

TAP is a Gibraltarian company listed on the UK stock market

 

[undercover]

Dukascopy, Swissborg are they any good any longer? personally only have little experience other than‌ I have accounts with them.