Cashing Out Bitcoin
- Thread starter brenms
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The bank you would use depends on the country you are a resident in. Search that country for crypto friendly banks and exchanges that allow bank wires. Go though the motions and register.
For significant amount of money in Crypto it's affordable to setup a Dubai company together with 2-3 business bank accounts in local retail banks within the UAE.
We have established some good working schemes that the Crypto funds looking like business earnings. The key is that the whole process of the setup is done right. Starting with matching business plan over to the right choice of business license and working with the right banks is the way to go.
As the UAE lifestyle and the "average joe" is a little bit different in Dubai - there are no questions about 1.000.000 EUR transfers.
The sums︀ you plan to move from Crypto need to fit the economy and society of the︁ chosen country.
Things changing fast so better go with a long lasting and reliable setup︂ to gain significant wealth and not loosing money to bulls**t banks in Belize or Dominica.︃
Think big - after the cash out with the Dubai Company setup you make appointments︄ with big Banks located in the DIFC here in Dubai. Starting from 1-2m+ they will︅ be happy to onboard you. Next step is getting into some passive managed ETF's like︆ other users here suggesting all the time and enjoying life.
We have established some good working schemes that the Crypto funds looking like business earnings. The key is that the whole process of the setup is done right. Starting with matching business plan over to the right choice of business license and working with the right banks is the way to go.
As the UAE lifestyle and the "average joe" is a little bit different in Dubai - there are no questions about 1.000.000 EUR transfers.
The sums︀ you plan to move from Crypto need to fit the economy and society of the︁ chosen country.
Things changing fast so better go with a long lasting and reliable setup︂ to gain significant wealth and not loosing money to bulls**t banks in Belize or Dominica.︃
Think big - after the cash out with the Dubai Company setup you make appointments︄ with big Banks located in the DIFC here in Dubai. Starting from 1-2m+ they will︅ be happy to onboard you. Next step is getting into some passive managed ETF's like︆ other users here suggesting all the time and enjoying life.
Uae not good for crypto. Banks not enjoy that. It’s a headache and big work to make documents for banks their. I understand you want sell your Dubai service which is fine but understand crypto in Dubai and Banks is hard job. And i know couple of bankers in Dubai as we do business there.
Theoretically there are private exchanges in Switzerland that you can create an account and swap crypto to fiat and vice versa with minimal kyc and guaranteed flow through as the bank officer works closely with the people of the company if you have any documentation to support how did you get hold of the coins in the first place.. “theoretically there’s also ways around if one︀ can’t provide source of coins”
Depends on the willingness and how much headache one would︁ be willing to take on by setting up himself banking infrastructures and companies from the︂ scratch in sketchy jurisdictions rather then pay professionals do the job...
Depends on the willingness and how much headache one would︁ be willing to take on by setting up himself banking infrastructures and companies from the︂ scratch in sketchy jurisdictions rather then pay professionals do the job...
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