Please wake up, it's 2025 and you no longer need to subjugate to this kind of fraud.
Come on rof/%
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Crypto Banks feedback - sygnum Amina Frick and such
- Thread starter PhantomOf ThePits
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the answer to this is. No, 1% is totally not worth it esp for higher numbers .
😉 Imagine paying 50k yearly out of a 5M crypto holdings.
You can get top notch sec and still let others hold your keys for much much less than that (with fewer regulation︀ and confiscation risks than at a bank). They can e.g. restrict withdrawal limits anytime for︁ example due to some national emergency risk (e.g. you can "only" withdraw 10k a month,︂ while still enough for the broad masses which dont earn more than that in the︃ beginning, it would effectively ruin the 5M portfolio since you'd need 40 years to withdraw︄ it) Especially in Eu, it happened and will happen again (and yes CH is regulatory︅ wise a hidden part of EU as they follow all rules as of today). aka︆ corralito.
Another risk is forced conversion and then letting inflation rip, making the 5M worth︇ a few burgers, as political risks rise, banks are very unsafe.
Especially with crypto, no︈ banks are needed.
😉 Imagine paying 50k yearly out of a 5M crypto holdings.
You can get top notch sec and still let others hold your keys for much much less than that (with fewer regulation︀ and confiscation risks than at a bank). They can e.g. restrict withdrawal limits anytime for︁ example due to some national emergency risk (e.g. you can "only" withdraw 10k a month,︂ while still enough for the broad masses which dont earn more than that in the︃ beginning, it would effectively ruin the 5M portfolio since you'd need 40 years to withdraw︄ it) Especially in Eu, it happened and will happen again (and yes CH is regulatory︅ wise a hidden part of EU as they follow all rules as of today). aka︆ corralito.
Another risk is forced conversion and then letting inflation rip, making the 5M worth︇ a few burgers, as political risks rise, banks are very unsafe.
Especially with crypto, no︈ banks are needed.
In a normal world they wouldn't have a single client.
How can anyone even just consider such a joke of a bank?
Apart from those who need to take advantage of it for some reason 😉
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
I think the situation is quite obvious. Access to banking is needed sometimes.
1) Mr Emil Klein born in Berlin, living in Berlin, working in Berlin for BMW, spending money in Berlin, would have no problems with it at all.
2) Mr Mohhamad Ali who left Afghanistan to live in Germany on student visa doing freelance work and got rich on crypto, wishing to buy real estate in Canada as investment, will have lots of problems.
Mr Ali will have to pay much higher fees to get what he wants.
I don't say it's fair, I hope crypto will make banks 100% obsolete (it may︀ work in some simple cases by the way), but some people ARE in the second︁ category. Don't see any reason to get agitated.
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I believe I was clear: they declined my application.︃ I didn't transfer anything to them.
1) Mr Emil Klein born in Berlin, living in Berlin, working in Berlin for BMW, spending money in Berlin, would have no problems with it at all.
2) Mr Mohhamad Ali who left Afghanistan to live in Germany on student visa doing freelance work and got rich on crypto, wishing to buy real estate in Canada as investment, will have lots of problems.
Mr Ali will have to pay much higher fees to get what he wants.
I don't say it's fair, I hope crypto will make banks 100% obsolete (it may︀ work in some simple cases by the way), but some people ARE in the second︁ category. Don't see any reason to get agitated.
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I believe I was clear: they declined my application.︃ I didn't transfer anything to them.
around 1m, better 2m. ymmv tho. Try to bargain, as swiss banks face outflows since 2022 and are not the only game in town as 20 years ago.
You can easily go directly.
Since they offer only subpar stuff for you (but to maximize bonus payments for the rm and maximize fees), its best the amount of money is an amount you dont need to perform well on.
You can easily go directly.
Since they offer only subpar stuff for you (but to maximize bonus payments for the rm and maximize fees), its best the amount of money is an amount you dont need to perform well on.
Lets say you have strong crypto background, you want to onboard at a bank that is willing and is able to do their DD. JB might not want to do this directly. But Amina will.
Once you are at Amina, JB will open the door for you as JB is backing and aligned with Amina.
Once you are at Amina, JB will open the door for you as JB is backing and aligned with Amina.
I was wondering exact the same and concluded that there are still so many people don't know anything about crypto!
No, there are people that have contraints or otherwise are limited in their choices and take advantage of the opportunity That's how Swiss banking worked until 2009.
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