How to buy Gold ETF with crypto from offshore company?

[flyingadventures662]

Assuming offshore company without a bank account, operating 100% in crypto.
How can this company invest in Gold ETF?

Apart from eTORO it seems the most reputable brokers need bank deposit. I.E. I can't directly deposit my crypto in the broker to buy gold.

So I need to open bank of the offshore company and go through it which seems quite difficult.

Am I missing something?

Or alternatively are there any trading bank in Switzerland or anything similar where I can open the bank account of the offshore company and buy the gold ETF from there?

 

[apres777]

I think there's nearly no "serious" broker which will let you allow to fund your account with crypto only, especially not if the "future" account owner is an offshore company.

It might help though if you share where your company is located.

 

[Liam13]

You can buy real gold directly with BTC on sites like silverbullion

 

[flyingadventures662]

I think there's nearly no "serious" broker which will let you allow to fund your account with crypto only, especially not if the "future" account owner is an offshore company.

It might help though if you share where your company is located.

Gibraltar.

Interactive Brokers opens accounts from companies from much more shadier destinations like SVG but they ask for a bank and don''t accept crypto deposit.

I am wondering if there is any Swiss bank which would accept both to store my fiat money and buy gold via ETF (or storage there, I have no idea how it works, just obviously I don't want to see the physical gold myself just to buy and sell it on account).

You can buy real gold directly with BTC on sites like silverbullion

Thanks that looks interesting. I guess they store it for me and I can then just sell? It's just like buy and trade for gain purposes I don't want to get the physical gold, that's why I preferred an ETF.

Any other websites like them?

Update: I just found that Tether has a gold token which is the same like USDT stables but pegged to gold: Tether Gold | XAUt token | Digital Token Backed by Physical Gold

Need to do some research to see how reliable it is, but I guess it should be as reliable as keeping your funds in USDT stables.

Any feedback on this?

 

[sebastian]

I am wondering if there is any Swiss bank which would accept both to store my fiat money and buy gold via ETF (or storage there, I have no idea how it works, just obviously I don't want to see the physical gold myself just to buy and sell it on account).

Swissmoney ?

 

[flyingadventures662]

Swissmoney ?

Thanks, will look into them.

 

[apres777]

Gibraltar.

Interactive Brokers opens accounts from companies from much more shadier destinations like SVG but they ask for a bank and don''t accept crypto deposit.

I am wondering if there is any Swiss bank which would accept both to store my fiat money and buy gold via ETF (or storage there, I have no idea how it works, just obviously I don't want to see the physical gold myself just to buy and sell it on account).


Thanks that looks interesting. I guess they store it for me and I can then just sell? It's just like buy and trade for gain purposes I don't want to get the physical gold, that's why I preferred an ETF.

Any other websites like them?

Update: I just found that Tether has a gold token which is the same like USDT stables but pegged to gold: Tether Gold | XAUt token | Digital Token Backed by Physical Gold

Need to do some research to see how reliable it is, but I guess it should be as reliable as keeping your funds in USDT stables.

Any feedback on this?

Would also have recommended IBKR. Im not sure if XAPO Bank offers corporate accounts but they are based in Gibraltar and offer funding via Crypto + Bank Account in USD.

I used SwissMoney for low figures private person, but fees are quite high but you can also deposit / exchange / withdraw funds via crypto.

 

[flyingadventures662]

Thanks for all replies, after more research I already found two tokenized gold tokens on the ETH blockchain. One is Tether other is PAX Gold. I think they will be my easiest option.

 

[JohnLocke]

PAX Gold

This one is interesting and need some further research for stability and reliability.

I opened a new thread here if interested.
https://www.offshorecorptalk.com/th...wn-investment-grade-physical-gold-true.44547/

 

[Martin Everson]

Assuming offshore company without a bank account, operating 100% in crypto.
How can this company invest in Gold ETF?

https://naga-global.com
You can deposit crypto and for corporate account see here.

 

[flyingadventures662]

Would also have recommended IBKR. Im not sure if XAPO Bank offers corporate accounts but they are based in Gibraltar and offer funding via Crypto + Bank Account in USD.

I used SwissMoney for low figures private person, but fees are quite high but you can also deposit / exchange / withdraw funds via crypto.

I checked Swiss money and they ask for a proof of operating address.

The same reason I can't pass the Binance KYC.

 

[JimBeam]

https://naga-global.com
You can deposit crypto and for corporate account see here.

Do you know can you later transfer portfolio to other brokers (like IBKR for eg)?

 

[Martin Everson]

Do you know can you later transfer portfolio to other brokers (like IBKR for eg)?

No you can't yet which is a MAJOR downside I would say as that would be the first thing I would do...lol.

https://support.naga.com/en/article...er-my-account-from-to-another-broker-naga-pay

 

[jafo]

No you can't yet which is a MAJOR downside I would say as that would be the first thing I would do...lol.

https://support.naga.com/en/article...er-my-account-from-to-another-broker-naga-pay

Did I read this correctly?

Restricted countries: NAGA Capital Ltd does not provide services for the residents of certain countries, such as Afghanistan, Albania, American Samoa, Anguilla, Australia, Austria, Barbados, Belarus, Belgium, Bermuda, British Indian Ocean Territory, Bulgaria, Burkina Faso, Canada, Cayman Islands, Central African Republic, Christmas Island, Cocos (Keeling) Islands, Congo, The Democratic Republic of the, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Falkland Islands (Malvinas), Finland, France, Germany, Gibraltar, Greece, Guam, Haiti, Heard Island and McDonald Islands, Hungary, Iceland, Iran, Islamic Republic of, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jersey, Korea, Democratic People's Republic of, Latvia, Libyan Arab Jamahiriya, Liechtenstein, Lithuania, Luxembourg, Mali, Malta, Montserrat, Mozambique, Myanmar, Netherlands, New Zealand, Norfolk Island, Norway, Palestinian Territory, Occupied, Pitcairn, Poland, Portugal, Romania, Russian Federation, Saint Helena, Ascension and Tristan Da Cunha, San Marino, Senegal, Serbia, Slovakia, Slovenia, Somalia, South Georgia and the South Sandwich Islands, South Sudan, Spain, Sri Lanka, Sweden, Switzerland, Syrian Arab Republic, Trinidad and Tobago, Tunisia, Turks and Caicos Islands, Uganda, Ukraine, United Kingdom and any other countries where the citizens have British proof of identity (i.e. British Virgin Island, Gibraltar, Isle of Man etc.), United States, U.S. Minor Islands, Vanuatu, Virgin Islands, British, Virgin Islands, U.S., Yemen, and Zimbabwe.

At least Monaco, Singapore, Hong Kong, and China are NOT on the list! Switzerland is a restricted country? WTF???!!!

 

[Martin Everson]

At least Monaco, Singapore, Hong Kong, and China are NOT on the list!

And Bahamas

 

[wellington]

Not ETF but physical Swissbullion.eu accept crypto to physical - UK/EU/Swiss entity

Their partners carry out KYC/AML and they work with entities

Did I read this correctly?



At least Monaco, Singapore, Hong Kong, and China are NOT on the list! Switzerland is a restricted country? WTF???!!!

Naga was a money grab in 2017/18

Some real shady s**t went down.

Otherwise why not just buy crypto gold tokens - exposure and 24/7 liquidation with onchain spot prices generally speaking you have a chance to obtain spot whereas with physical you don’t stand a chance usually speaking

 

[vesser]

Assuming offshore company without a bank account, operating 100% in crypto.
How can this company invest in Gold ETF?

Apart from eTORO it seems the most reputable brokers need bank deposit. I.E. I can't directly deposit my crypto in the broker to buy gold.

So I need to open bank of the offshore company and go through it which seems quite difficult.

Am I missing something?
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Or alternatively are there any trading bank in Switzerland or anything similar where I can open the bank account of the offshore company and buy the gold ETF from there?

Investing in a Gold ETF as an offshore company operating solely with cryptocurrency can be challenging, as most reputable brokers require traditional bank deposits. However, there are emerging platforms that may allow for such investments using crypto assets. It’s essential to research thoroughly to find a service that offers the level of security and compliance you require.

For opening a bank account in Switzerland, there are banks that cater to offshore companies, but they will have stringent compliance checks. It’s advisable to consult with a financial advisor or legal expert specializing in Swiss banking and offshore company structures to navigate this process effectively. Remember, regulations and services are constantly evolving, so staying informed about the latest developments is crucial.

 

[clemens]

Assuming offshore company without a bank account, operating 100% in crypto.
How can this company invest in Gold ETF?

Crypto related coins which are backed by real Gold PAX Gold for instant.

 

[kislokan]

Investing in a Gold ETF as an offshore company operating solely with cryptocurrency can be challenging, as most reputable brokers require traditional bank deposits. However, there are emerging platforms that may allow for such investments using crypto assets. It’s essential to research thoroughly to find a service that offers the level of security and compliance you require.

For opening a bank account in Switzerland, there are banks that cater to offshore companies, but they will have stringent compliance checks. It’s advisable to consult with a financial advisor or legal expert specializing in Swiss banking and offshore company structures to navigate this process effectively. Remember, regulations and services are constantly evolving, so staying informed about the latest developments is crucial.

This from ChatGPT or what

 

[JohnLocke]

Not ETF but physical Swissbullion.eu accept crypto to physical - UK/EU/Swiss entity

Their partners carry out KYC/AML and they work with entities


Naga was a money grab in 2017/18

Some real shady s**t went down.

Otherwise why not just buy crypto gold tokens - exposure and 24/7 liquidation with onchain spot prices generally speaking you have a chance to obtain spot whereas with physical you don’t stand a chance usually speaking

you mean like the listed here
https://coinmarketcap.com/view/tokenized-gold/