Yet another bitcoin to bank question

[McPoquito]

Is there anyway to bank profits (if and when i decide to convert them) - with a bank that will accept my money from an exchange? lets say.. Kraken or anything in that area.
the amounts ill be planning on are between 200k-300k euro

I would take any ideas or plans of work - I have no experience in business, I've been 9-5ing since i've known myself.
but im reaching a point where i could cash out some money and still own some bitcoin, while PREHAPS even moving to 1-5. 🙂

Really don't know where to start. felling kinda lost.
(been using emi's so far, but that's really small change.)

Thanks everyone,

 

[Jorozey]

Use OTC desks

As an OTC desk owner, we perform an off-exchange transaction, so you receive your money in your bank account from the bank account that is not linked to a crypto exchange. Therefore, your bank is less likely to ask questions about the transaction when it does not come from a crypto exchange.

 

[McPoquito]

Jorozey said:
Use OTC desks

As an OTC desk owner, we perform an off-exchange transaction, so you receive your money in your bank account from the bank account that is not linked to a crypto exchange. Therefore, your bank is less likely to ask questions about the transaction when it does not come from a crypto exchange.
Click to expand...

Thanks, that actually sounds "less risky" than receiving a bank transfer from a crypto exchange.
Can I have some details on your OTC like escrow, fees, etc?

Also another important question is - what do I tell the bank when they see a large transfer? or would the smarter idea would be to do it in batches?
still - questions might arise?

 

[dragosaurus]

If you have everything in order ( legit funds, supporting docs etc. ) you can try to open an account with Sygnum bank ( Swiss ) they are crypto friendly, so the crypto-SOF would be much easier for them.

From what I know their minimum amount to onboard you is 500k, or equivalent in crypto ( yes, you can deposit crypto, not only fiat )