Crypto Friendly Banks (Portugal vs UAE vs Other Countries)

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Crypto Friendly Banks (Portugal vs UAE vs Other Countries)

Рет қаралды 10,205

Күн бұрын

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Today we are talking about crypto-friendly banks. We'll compare Dubai, Portugal, and some other countries.
Where should I bank for crypto? Which countries are crypto-friendly? Which banks are crypto-friendly? These are the questions that I get very often.
How's the situation in Dubai banks? Are they open to accepting crypto money? Is Portugal better in that regard?
Here we are covering what you need to know about crypto banking, and which country should you go to.
Who are we and what do we do?
We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
We have lots of interesting articles on different topics, we have relevant information up to date.
Author: Michael Rosmer
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/ @offshorecitizen

Пікірлер: 73

@ng7306 2 жыл бұрын

Michael, thank you for making a video about this! I am humbled and pleasantly surprised you actually made a video about this topic after I posted it as a suggestion in your comments. This shows you actually listen to feedback from your audience. Keep it up! 👍 👍 👍

@OffshoreCitizen 2 жыл бұрын

Always our pleasure. Thank you for your support, we truly appreciate it! How did you like the video?😄

@TimC883 2 жыл бұрын

Thank you for this video after my comment yesterday as well. Much appreciated!

@OffshoreCitizen 2 жыл бұрын

Always our pleasure ☺ How did you like the video?

@rohanindurkar6466 2 жыл бұрын

Also make video on crypto Friendly private client banking in Switzerland and Singapore.

@OffshoreCitizen 2 жыл бұрын

Will see what we can do 👍 How did you like this one?

@rohanindurkar6466 2 жыл бұрын

@@OffshoreCitizen I is good I am looking forward to starting a crypto venture in Dubai I found this information useful.

@braveheart8318 2 жыл бұрын

@@rohanindurkar6466 just curious would you open a bank account in some other country for crypto and transfer the funds to uae. How would that work?

@libertarianspirit 2 жыл бұрын

My preliminary talks with banks reveal that Switzerland is the place to be for individual crypto investor. They have banks who are actually willing to do due diligence instead of rejecting you on the basis of your nationality and word “crypto”. Hong Kong is probably the worst. DBS and Julious Baer were xenophobic towards me as it was clear they don’t want to deal with me because I’m Russian, even if I’m living here for years. They are unwilling to do due diligence even if you can prove every single transaction.

@matthiasschaaf8962 2 жыл бұрын

True and can recommend Sygnum Swiss and also very good Private Banks are open for Crypto.

@matthiasschaaf8962 2 жыл бұрын

I know this also from Russian Friends which are based in Cryptus now. Lets meet and discuss crypto, investments, freedom etc. if youre interest, im also libertarian and based in zürich; cheers to freedom.

@ikxikx1 2 жыл бұрын

May u go deeper about OTC services in Dubai???? Are u talking about OTC services in a bank or others offices????? Thanks

@OffshoreCitizen 2 жыл бұрын

That's a good suggestion! How did you like this video?

@Docfreitag 2 жыл бұрын

Nothing in Georgia? I had an impression Bank of Georgia and TBC Bank had good services.

@Bri-wi8kq 2 жыл бұрын

Thought you were about to say Andorra at 4.00 Michael. Thank you for another very different and interesting video.

@OffshoreCitizen 2 жыл бұрын

You're welcome! Always a pleasure 😄 Any crypto friendly banks you know of?

@snterp 2 жыл бұрын

Another great video. Starting to get ready for the move back to Switzerland. If you happen to see this, I'm still curious about this question from yesterday: Do you have any news about the 2-year active investor option for 50,000 dollars for Dominica CBI, where you have to spend 90 days per year over 2 years? I've seen many rumors about this but I don't know if it ever became official or not.

@digit313 2 жыл бұрын

How about Caymjan Island off shore bank vs El Dalvador Banks. Also, Hong Kong off shore Banks. Btw the most Imp Topic!

@alexanderprykhodko8769 2 жыл бұрын

What USA banks can open corporate bank account for a non resident usa company? Thank you and really a great video 👍

@NightOwl577 2 жыл бұрын

When you say for personal banking in Portugal, what amount are we talking? Can you withdraw 50k, 100k, 500k to your account? And which banks in portugal are the most crypto friendly?

@souiritv8355 2 жыл бұрын

All banks in Portugal are crypto friendly.

@peterbyrne3228 Жыл бұрын

@SOUIRI TV Portuguese banks are not crypto friendly. But if you hold crypto more than a year there's no CG tax

@avrinrose5457 6 ай бұрын

In my fictional world, all countries have a crypto friendly banks

@blue7lvn245 Жыл бұрын

hasnt this changed in dubai with the big banks becoming more friendly with crypto

@Edward-ii8se 2 жыл бұрын

hey what are your thoughts, on some of the uk territories, isle of man, Gibraltar and channel islands ect. seems to be great banking and safety, whats the catch?

@liamhiggins4301 2 жыл бұрын

Awesome ! Thanks Michael

@OffshoreCitizen 2 жыл бұрын

You're welcome!😄 Anything else you'd like to see?

@liamhiggins4301 2 жыл бұрын

@@OffshoreCitizen Have you shot a video for crypto traders? The best way to go about setting up a business/bank account for carrying this out? Countries for doing this, pros and cons ? Would love that

@DylanP7 2 жыл бұрын

Hey Michael, if you renounce your US citizenship without another citizenship say you have a Dubai and Swiss residence. What happens? Thanks

@BoxingPrinceTV 2 жыл бұрын

U can’t be stateless .. have to have a citizenship/nationality

@BobSmith-br7hk 2 жыл бұрын

You would be stateless. It would be hard to travel (understatement). This is why CBI programs exist.

@jeremywright5036 2 жыл бұрын

You cannot renounce if it makes you stateless. We are all slaves and need to have an owner lol.

@CryptoYagami 2 жыл бұрын

Thanks for this video Michael. Can you list a few great OTC services in Dubai?

@johnclark7973 Жыл бұрын

My first video! 😃 Interesting stuff. I am thinking about subscribing. I am getting educated currently in crypto trading/investing. I live in the US. What are the good crypto friendly banks here? How about Wells Fargo, Bank of America...? Thank you 🙏

@amarkmanpeters 2 жыл бұрын

What is meant by “OTC services”? Thanks in advance.

@larsolofrosen9737 2 жыл бұрын

over the counter

@braveheart8318 2 жыл бұрын

Over the counter

@Havoc104 2 жыл бұрын

@@larsolofrosen9737 So meaning standard customer banks?

@wizardramen 2 жыл бұрын

Hello anyone from ASEAN countries? What would be the best options for people from Asian countries?

@sonotu8510 9 ай бұрын

N26 is good and some Sparda bank from Germany. Worst is Revolut

@Mr_Enigma_Boss 2 жыл бұрын

PLEASE GIVE US MORE SPECIFIC NAMES IN XYZ COUNTRIES PLEASE. THANKS

@rdix2501 2 жыл бұрын

Thank you so much. I was looking into this information. I have created a Discord crypto country server and I have drawn out a crypto website but I have not coded it yet. I'm doing it for myself and also to maybe help others. Ofcourse I don't want to share to much information on KZfaq about my idea.

@OffshoreCitizen 2 жыл бұрын

Sounds like a great project! Keep us updated 😄

@Havoc104 2 жыл бұрын

Hi Michael. I am based in Dubai and have an ENBD personal account. What do you mean by OTC services?

@lvishal 2 жыл бұрын

does ENBD allow crypto transactions fund transfers? RAK bank guys stopped my transfer to Binance.

@Havoc104 2 жыл бұрын

@@lvishal Yes, ENBD allows customers to fund Binance accounts

@morocco9545 2 жыл бұрын

@@Havoc104 how much is the withdrawal limit from binance to uae bank account ?

@piero3197 2 жыл бұрын

Hi Michael! Thanks for the video... I have a question and I know is not a financial advice but I need to understand. If you are a crypto investor and you decide to move from Canada... Is it true that you have to Deem Dispose all your crypto assets? Even if they are in your Digital Wallets as unrealized gains? Thank you again and hope someone can help with an answer!

@johnmcafee2751 2 жыл бұрын

Banks ? What is this, the Middle Ages ?

@OffshoreCitizen 2 жыл бұрын

Lol What do you recommend?😄

@avin7922 2 жыл бұрын

What banking services do you recommend for people attaining Caribbean CBI ? Thank s in advance :)

@RA-gk5zg 2 жыл бұрын

What about Antigua? I like their CBI program.

@RedHotAmarth Жыл бұрын

hello! Can you give more info about cashout due OTC, even in this case bank would ask about funds history, so invoice of OTC is enough to be calm about not blocking funds?

@OffshoreCitizen Жыл бұрын

Please send a message through www.offshorecitizen.net

@sonotu8510 9 ай бұрын

Thank you

@OffshoreCitizen 9 ай бұрын

Our pleasure! Anything you'd like to see next?

@myronbourne6937 2 жыл бұрын

Any intel on Malta?

@peterbyrne3228 Жыл бұрын

Grey listed dude

@william_8844 2 жыл бұрын

Please cover trusts and residency tax

@OffshoreCitizen 2 жыл бұрын

We already have videos on those topics: kzfaq.info/get/bejne/aLuGrLVilZqtqaM.html kzfaq.info/get/bejne/bp2iiaiBv8qWg58.html kzfaq.info/get/bejne/rLCmktOgzdy9m2g.html kzfaq.info/get/bejne/r9iWY7ly2LTXlYE.html kzfaq.info/get/bejne/b5iqZNZ5yb3Pj4E.html kzfaq.info/get/bejne/rqyAnddp1q7LYYE.html kzfaq.info/get/bejne/lct0qdOrss_LXXk.html kzfaq.info/get/bejne/bZZinNZemdTch5s.html kzfaq.info/get/bejne/oZeqerydmtW1eKs.html Hope you enjoy! Let us know what you think :)

@leartis 2 жыл бұрын

Great video Michael. Just what the doctor ordered :)

@OffshoreCitizen 2 жыл бұрын

Haha happy to hear you enjoyed it! Anything else you'd like to see?

@avin7922 2 жыл бұрын

Hows deltec bank in bahamas ?

@jemmaye9781 2 жыл бұрын

Hi Michael, Is there any bank available for BVI company for OTC service?

@OffshoreCitizen 2 жыл бұрын

Sometimes yes but they are picky on your business and how you carry it out

@shantadahal755 Жыл бұрын

Is foreign based bank is cryptocurrency friendly in uae

@OffshoreCitizen Жыл бұрын

Generally it's not that easy to open foreign accounts for UAE companies but possible

@johnmiller6991 Жыл бұрын

Bro why you speak like you are whispering.

@parampalgill53 2 ай бұрын

I agree to you

@J10044 2 жыл бұрын

Nuri and Revolut

@brightlight6113 11 ай бұрын

Revolut is not crypto friendly. You can only deposit btc. My deposit from Bybit was not accepted because they do not support Bybit wallets. They could not tell me what wallet they do support.