Banks/EMI for crypto offramp (non-EEA resident)

[foreverdoomed]

Hello,

What would you recommend as a bank that I can open remotely with the following requirements:

- relatively easy offramp around 200k+ USD (from KRAKEN mostly), not a pain/high fees to move money around
- can hold USD in the accounts and access to basic yield
- lets me open the account remotely & has a credit/debit card; I'm european but living in Asia and several EMIs rejected my application for that reason, also they don't want to send credit/debit card here

So far haven't seen many options, looking at HSBC expat or singapore banks (but idk if i can hold USD in those)
Thanks for your suggestions

 

[Martin Everson]

Have a look at Nebeus and see if it works for you.

As long as your country not on restricted list below should be fine.

https://support.nebeus.com/portal/en/kb/articles/countries-eligible-for-nebeus-account-creation

 

[daniels27]

So far haven't seen many options, looking at HSBC expat or singapore banks (but idk if i can hold USD in those)

Yes, you can. But they may not like crypto that much.

 

[Lincoln Burrows]

Why USD and not EUR?

You'll have difficulty opening a USD account anywhere in the world knowing that you'll primarily use it to receive international SWIFT transfers from a crypto exchange, especially with the figures you mentioned.

 

[foreverdoomed]

Have a look at Nebeus and see if it works for you.

As long as your country not on restricted list below should be fine.

https://support.nebeus.com/portal/en/kb/articles/countries-eligible-for-nebeus-account-creation

never heard of it, will try thanks. would you keep a significant % of your networth there?

Why USD and not EUR?

You'll have difficulty opening a USD account anywhere in the world knowing that you'll primarily use it to receive international SWIFT transfers from a crypto exchange, especially with the figures you mentioned.

easier for me as I trade in USD, almost all my assets are USD now. also EUR rates are dropping I dont feel comfortable holding a large amount
that said if it's really the only alternative I'll have to go with it