Dubai Golden Visa Bank Deposit - Crypto

bwy said:

Dubai offers the Golden Visa by depositing 2M AED into a 2-year fixed-term savings account.

Any recommendations on how to do this via crypto? Would cashing out directly into the savings account raise any issues? Are there better OTC options?

If you had the funds only in crypto, how would you go about it?

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I moved to Dubai around may june last year after considering few places and i've learned a lot about it and crypto. No option to pay the golden visa with crypto directly as i know but you can get a managers check at otc desks. I confirm that works. Banks don't want to hear about crypto personal accounts linked to exchanges get blocked. P2p like binance p2p is risky despite what people on reddit say im saying from banking perspective one day one of your p2p friends might get their account checked then all transacted accounts get closure. Common stories here my friend...


Managers checks look around the dubai marina very decent otcs there make sure they are regulated and for those amounts they'll take your kyc information as most places now do. Crypto to cash is fine if it 20-30k euro at once i can confirm that too. If your crypto can be proven history you can check out rain bahrain exchange and they will deposit without issue. i suggest sending from one big exchange like coinbase to rain. Such process results in smooth transactions for me and so far i've personal exchanged over 700k usd since arriving here


That is my experences from here oct is great place to search for content it helped me make decisions which now resulted in better lifestyle new friends and new business opportunities!

So UAE banks freak on direct deposits from crypto exchanges, but are happy with banker's cheques from OTC?