Any good crypto-friendly bank ?

[Punk92]

Hello,
Do you know any good bank that would accept withdrawals from crypto exchange? (planning to transfer my crypto to fiat in Bitfinex and send them to a bank account)
any bank you recommend?

 

[fblbatt]

We receive EUR from Bitfinex to our Dubai bank account just fine. USD sometimes have to wait for a month though. We use a Dubai freezone company with ENBD bank account.

 

[Punk92]

We receive EUR from Bitfinex to our Dubai bank account just fine. USD sometimes have to wait for a month though. We use a Dubai freezone company with ENBD bank account.

Not interested in Dubai
I want a bank in Europe.

 

[7889]

Try LHV in Estonia then

 

[Flatworld]

We receive EUR from Bitfinex to our Dubai bank account just fine. USD sometimes have to wait for a month though. We use a Dubai freezone company with ENBD bank account.

...one month? are you kidding...

 

[7889]

...one month? are you kidding...

That's actually less than average time. And you'll never know what obscure money institution your money will come from (if they do come after all). Better yet, more often than not after few weeks they can tell you your withdrawal can not be processed. Seriously, this drives me mad, given how big they are, their fiat service is literally unusable. Stay away.

 

[OTR365]

And you'll never know what obscure money institution your money will come from...

These obscure sources will create AML concerns at the receiving bank and may cause a lot of damage for the receiver. Bitfinex has great liquidity and UI design, but for fiat transfers there are much better exchanges such as Kraken, Bitstamp etc.

I find it unlikely Bitfinex would gain reputable banking connections in the foreseeable future.