swissquote for personal crypto cashout
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Exactly. The fact that they possess the banking licence does not imply this. For example, a lot of / some private banks are just for a wealth management and they also do not like to be used as transactional banks (they usually do not forbid it explicitly but at least the fees are totally prohibitive 😉 ).
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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂
If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...
As I know SQ support crypto, so maybe it's possible to make account in SQ and send them crypto from a cold wallet directly? And after for example, change it to EUR, buy some stocks/bonds/fund in SQ platform and just stay with them. Get dividends and so on, so use them like any kind of broker. BUT first funds will be from cold own crypto wallet.
Why do you have to lose a (small) amount?
Isn't it just ok for SQ to verify your crypto-wallet address signing a unique message provided by them?
That way they can be sure you control that crypto-wallet address.
I've been looking into it and the only advantage I found over an exchange (Binance, Kraken, etc.) is that banks accept transfer from SQ: is it because they have a banking license?
Do you see any other advantage for someone only interested in cashing out?
If you don't mind me asking: Why Italy?
PS. I do have an account in Italy since 2001. I only use it when I spend weekends there.
I don't remember 😛 too old thread. Probably the guy was talking to me in private about Italy.
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