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Do you guys have any opinions about rothschild bank? Is it solid and worth it?

I think they are ok if you invest at least $1M, although I often hear that they require more if you say your SOW is from crypto. Some banks are saying that you should go to some third party, get a report and then they can onboard you, in such case the requirements are lower. Third party report...

Haha no way they will take it (100k). Especially they confirmed online that I could deposit to the account - without telling me that the account is blocked. Would sue them. I have all the data. Everything is white. Tax will be payed. So far they pay interest rate on cash deposits so I'm not...

Just took one more look on the pricing. They are the same for T > 365. You get a discount for short term bonds. Makes sense. Restlaufzeit 180 Tage bis 365 Tage 50 % MIN 0,20 %, resp. CHF 120.”“/180.”“ Restlaufzeit <180 Tage 75 % MIN 0,20 %, resp. CHF 120.”“/180.”“ Sounds good. I mean the only...

Actually just wanted to buy and hold strategy. Was not sure about bonds. Would maybe buy iBoxx $ High Yield Corporate Bond ETF Exactly, this is what UBS offered. In my case they choose Sumitomo MITSUI, hope it goes well, although they are not A+ but for a month it is fine I guess. 4% intrest...

How about tax related things ? I have an account on IBKR and it seems to be not straight forward to make tax declarations. Swissquate for example has a special service for it. They charge you "only" 100 CHF but at least you don't have to work for it.

Exactly. I mean on the other hand, maybe I'm missing something. Like the right structure for TAX and so on. Like what to do with withholding taxes. Maybe in that kind of stuff a private bank could really help, to avoid stupid mistakes. But anyway, guess execution only might make sense. Although...

For anyone interested so far. Just my exprience with UBS so far. The only bank I'm kind of onboard. Not even sure if it is "private banking", but if the "director" of wealth management takes time. It should be it. What I liked: They really take time for you and you get fast appointments They...

Guess this is the point for all stable coins. I mean if you can make 4% risk free in one year. That also means that you could make something like nearly 10 % just in two years. So it is a gold mine, if you have at least let's say 90% of the capital you could survive. Maybe get a loan. I mean at...

I mean this one would be pretty obvious. Alameda and FTX are now on the watch. Guess this would come out. But didn't heared anything so far. A high USDT volume on an exchange doesn't mean much. The question is only, does have USDT the reserves and how much money did they loan to FTX / Alameda or...

I think this is not a real issue. Somewhere else the price might be better. If the ration is 0.96:1 it would be pretty good to be honest. No way more than 96% of the holders are able to cash out. I mean a lot of wallets are blocked. A lot of liquidity is in DEX. A lot of liquidity sit's on...

The point is I have source of funds. Extremly good documented. If I would like to hide all my profits, would have gone far away and would kind of save 40-50% of it since taxes apply.

Thanks maybe the best suggestion.

I can prove it. It is just a lot of data. Like millions of trades. Kind of hard to analyze it. Doesn't fit in Excel. In this context, can they refuse the deposit? Or send it back. With postfinance I'm a bit afraid that it could take a lot of time. Don't want to sue anyone. Injunction and so on...

Kind of true. But what will they do if I just transfer the money? Lets say the bank account is already opened and they didn't ask how much money I have... So doing nothing wrong in principle. What do you mean by OTC transactions? Not sure how to pm here Last edited: Nov 17, 2022

Hello, let's say you are sitting on 10MM$ in USDC or USDT. The market is right now turbulent. Actually, I don't want to take the risk that it might de-peg. Does this move make sense? Or I'm just crazy? - Convert money to USD on a crypto bank. - Transfer let's say 5MM$ to postfinance...

My impression is will go up again. Right now everything is down. So people will compare Crypto to Stocks. With the difference higher Risk and higher Return. In my opinion, the most interesting part is that major exchanges are integrating crypto. INKB has crypto, Swissquate has crypto, and...

A lof of people are moving to Dubai. Guess the question is what you want to do long-term. If you transfer all your money to Dubai and then want to move back to spain, you may get some issues as well regarding the source of wealth and so on. Right now I think one of the best solutions might...

I was there. Yes, there are 'crypto banks', but it doesn't make sense to keep the money at this kind of bank. They don't offer ETF's are very expensive and you can't move your money. Especially after what happened to FTX you don't want to keep your money in such a bank. All the big names just...

It's just a joke. Getting rejected or getting pending answers from each bank. Having the complete trading history and even tax reports. For everyone who is thinking about Swiss and trading. Maybe better to stay away. Today got rejections from Lombardier Odier and BNP Paribas (ok not a swiss...