Yes, pretty much, however, if you're a new customer or haven't trade with them before it might take 2-3 days to complete the transaction. just send and email to their OTC desk at [email protected] and tell them about your inquiry and that you are a new customer, and you might be able to expedite your verification process.
Sounds good. But if everything is so easy, why people use for example Freds setup in Dubai to cash out their crypto and other solutions that cost not so small money? It's interesting, but I think any euro bank will not like payment from Kraken and other crypto exchange in amount with at lease 5 numbers and more. At lease they will block this transfer, IMO.
I find that Banks are there for cash out but nobody want to give their names for free. (Personal Opinion)
The problem also is that crypto is very volatile. Today btc can be 50k, in a week 40k, in a month 55k and so on.
Yeah true, its much easier to exchange it to USDT. There are a few places in Dubai where you can exchange larger amounts from USDT, and you definitely get a much better rate.
They are unofficial exchanges, so no URL there. But yeah check out coinsfera, bit oasis etc. or p2p on binance to cash out smaller amounts on a regular basis, probably safer anyways.
That won't work, because you have to justify the cash and those guys won't give you invoice and most likely they all deal in cash.
https://en.swissquote.com/ (Biggest swiss broker they accept payment from reputable crypto broker)
A lot of banks and EMI allow crypto.
Could you please elaborate why Germany would be a good place to cash out? I am now reading the BMF letter which seems to confirm the 1 year holding period. Also seems to clearly differentiate between private and commercial (latter is taxed at usual income rates). For banks' attitudes towards crypto, I am not sure.
