Crypto to UAE Banks

[Morpheus]

Before may or maybe not purchasing a banner /advertisement space and so on, just wanted to know if there is interest for a service, that deposits your crypto on your uae bank accounts? Either cash deposit or by wire.

There is no limit for the amount.
Origin of coins does not matter.

@JohnnyDoe i hope it’s fine to ask that here!

 

[JohnnyDoe]

Why not?

What you do with fiat in the UAE and how you can send it outside the country is another story though

 

[Morpheus]

Why not?

What you do with fiat in the UAE and how you can send it outside the country is another story though

Well I‘d say I send monthly 5-10k€ outside and last year around 350k no issue at all.

If you are a into 7 digits might be different, I do not know. But at least for me at some point I was very happy to have a bank account with a linked debit/credit card that I could use for daily expenses and stuff.

But I also bought 2 properties from the uae (one where I currently life) and one in Europe. Also sold one property in Europe and receive the transaction on my uae account.

I‘d say it’s totally fine as long as you „warm them up“ a bit.

 

[JohnnyDoe]

No problem at all for money coming in. Many horror stories when you try to move it out. But if done little by little it can work.

 

[Morpheus]

No problem at all for money coming in. Many horror stories when you try to move it out. But if done little by little it can work.

Up to 350k€ at once absolutely no issue. Not even asked for the purpose. But might be different if the amount is significantly higher

But many many friends there aswell transacted out 200,400,600k - never any issue.

Only bank you want avoid at all cost is:RAK
And only destination you want to avoid when transacting out is the US.