Finding a Bank for a Cyprus Cryptotrading company

[CyprusLaw]

CryptoFriend said:
This is there any recommendation on a suitable banking options? All the crypto friendly EMIs look dodgy
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You won't find any Cyprus crypto friendly banks. Your options will be either EMIs or open an account with a foreign bank.

 

[CryptoFriend]

Do you know if the EMIs are accepted by crypto exchanges? After some research I found out that Wise (Transferwise) is not allowing transactions to regulated EU exchanges.

 

[uplana]

CyprusLaw said:
There are some good banking options in Gibraltar, and I would also recommend considering EMI options, as there are Cyprus EMIs that are crypto-friendly.
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consult this guy if you want professional help, he is very helpful! You don't know me but I know you 😉

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[CyprusLaw]

uplana said:
consult this guy if you want professional help, he is very helpful! You don't know me but I know you 😉
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Curious where you know me from 😛

 

[CryptoFriend]

CyprusLaw said:
Curious where you know me from
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Thanks for replying, which EMI could you recommend?

 

[CyprusLaw]

CryptoFriend said:
Thanks for replying, which EMI could you recommend?
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Can I PM you?

 

[CryptoFriend]

CyprusLaw said:
Can I PM you?
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Sure if it is possible here

 

[csp dubai]

mission impossible, cyprus bank are worst on planet good luck

 

[csp dubai]

south cyprus impossible, may you can try some offshore banks in the north , but they will not open for south cyprus company, but you can open a free zone company in famagusta

 

[csp dubai]

you can use wallexbank they will open you account for sure, but not expect to see your funds back

 

[CyprusLaw]

csp dubai said:
south cyprus impossible, may you can try some offshore banks in the north , but they will not open for south cyprus company, but you can open a free zone company in famagusta
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The occupied side of Cyprus is mainly used by criminals, and not recognised by any country other than turkey, so need a really good choice

 

[Roy182]

CyprusLaw said:
There are some good banking options in Gibraltar, and I would also recommend considering EMI options, as there are Cyprus EMIs that are crypto-friendly.
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Care to share some name please, i think it will benefit everyone. Thank you

 

[Silenthill]

Roy182 said:
Care to share some name please, i think it will benefit everyone. Thank you
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Yes, that would be nice and helpful because I am also unsuccessfully looking for an account for my Cyprus Ltd that is crypto and gaming friendly and has "real" fees.

 

[csp dubai]

north cyprus works with big turkish banks , compliance is becoming strickter , no cripto allowed in onshore banks
offshore is possible but not easy open account

 

[CyprusLaw]

csp dubai said:
north cyprus works with big turkish banks , compliance is becoming strickter , no cripto allowed in onshore banks
offshore is possible but not easy open account
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Noone mentioned the occupied side of Cyprus.

 

[uplana]

CyprusLaw said:
Curious where you know me from 😛
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That will be a secret. If I were you I would do an Video interview with Admin and share this in the mentor group exclusive forums. This will increase the number of new clients dramatically. With the service level you provide you should have no issues with it or?

Back to the topic, sorry to come away from it.

csp dubai said:
north cyprus works with big turkish banks , compliance is becoming strickter , no cripto allowed in onshore banks
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I would not put my money in there, sorry but it is too risky and complicated if you want to transfer money to other european banks.

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[Verbatim]

gmbh said:
Okay. They asked me also for my trade volume but did not mention this fee to me because I trade minimum 5 million USD/month. I wondered that they did not mention any fee to me when I spoke to them. Seems they generate their money with small clients, because 10000€/year is a rip-off.

You can try Sygnum. They did not ask me for my trade volume but they charge 2000€ for the account opening.
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would you happen to know if they serve private clients with UAE residency?

 

[Fred]

Verbatim said:
would you happen to know if they serve private clients with UAE residency?
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Yes - they do - starting from 7 figures you need to invest with them.

There are plenty of Swiss Private Banks with even link to the UAE that provide Crypto related service without any rip off fees.

However very interesting from Bank Frick how they are using the fact they are Kraken correspondent Bank for marketing purpose to rip off the people.

alternative: Maerki Baumann

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[Enial31]

CyprusLaw said:
You won't find any Cyprus crypto friendly banks. Your options will be either EMIs or open an account with a foreign bank.
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Hello. Can you also PM me? really interested with this.

 

[bizman]

Bank Frick may be your best choice.

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