Crypto to bank/fiat in Dubai

[random000]

As crypto bullmarket is starting, I am looking for way to sell crypto to fiat (bank account) when it comes to 6-7 figure amounts.

So far I worked only with small amounts below $10k per month without issues (and no questions asked by bank)

I have source of funds (crypto trading history) for every trade.

For example I make 100.000$ profit on a trade and want to sell it to personal bank account.

Can I just use binance p2p directly to bank account and if bank ask for source of funds I provide trading history or there are better alternative ways?

Last edited: Feb 13, 2024

 

[Jorozey]

Which is your bank? Large amounts coming from crypto exchanges may not go down well with your bank account and even though you have a provable source of your funds, they may politely ask you to take your money and close your account.

 

[random000]

Jorozey said:
Which is your bank? Large amounts coming from crypto exchanges may not go down well with your bank account and even though you have a provable source of your funds, they may politely ask you to take your money and close your account.
Click to expand...

Did some research and found OTC desks are good solution for crypto to fiat personal bank account. For example I find reputable otc desk in Dubai, sell through them its 1-2% fee. They send fiat to my bank account. What should I tell bank if they ask for info on that transaction?

Last edited: Feb 14, 2024