Yes.
I have been with both of them since the beginning. At that time, Amina was SEBA. For me, the onboarding process was easy back then. It was so long ago (2013?)
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Private bank options for crypto source of wealth (8 figs)
- Thread starter OKboomer
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I have been with both of them since the beginning. At that time, Amina was SEBA. For me, the onboarding process was easy back then. It was so long ago (2013?)
For this purpose you need 1-2 private banks.
1st one is Bank Frick
2nd one is any of the following: Turicum (GBZ), Maerki Baumann (CH)
You can use Bank Frick as a proxy for withdrawals from Kraken and then send the funds anywhere you want. For investments it's fine, never had a problem with a transfer. For real estate - some AML fascist EU countries where you want to buy real estate prefer you to wire the funds from your country of residence. So create a proper setup like Gibraltar CAT2+Turicum bank and go shopping from there.
If they decline you with account opening this means your docs are not in order (for 8 figs they have to be, it's the only option).
Hi. I had a similar situation (and similar experience indeed). Care to elaborate a bit on your situation (source of funds, your country of passport / residence) and share some names of banks / useful details?
The suggestions above are good, those are the most crypto-friendly banks, but in my experience it's a bit more difficult than just choosing a crypto-friendly bank.
I repeat my advice you need a top tier introducer then it works. Private Banks are super scared if someone just calls and writes.
With an intro you can get big banks like HSBC, BNP etc. but do you really need them if the goal is to do a few real estate deals
Banks I mentioned work perfectly fine
Bank Frick, Turicum, Maerki Baumann, Kaiser Bank - you don't need an introducer
They'll ask you for a min. deposit and SoF
I get I get it. What you don't understand is that you either have it from the start or you don't.
When you don't have it you don't chase an introducer who knows an introducer who will introduce you to the CEO or whoever because this is irrelevant.
You just walk in, provide what they ask you to provide and you're set. Then the SEPA transfer hours are same for all clients.
This is also how I have opened local bank accounts, introducer was only required where the bank does not want to deal with customers directly.
Crypto SoF + offshore , so I imagine not the easiest for compliance. But also no dirty stuff / pep / criminal or whatever
Yet it never ceases to amaze me how private bankers make face when seeing offshore (even respectable offshore) stuff. Well duh, if I were in a high tax country, I wouldn't probably be in your office offering a large deposit...
OTC, and then speak to them about their recommended banking partners, if you have a sizeable amount you will be offered a liquidity opportunity, and of-course banking.
I've suggested Swiss Mt. Pelerin, could you recommend other OTC + Banking service providers?
I mean "I'm German, moved to Bahamas in 2010 (here is my residency permit and utility bill from that time), bought BTC in 2012 (here is the receipt and bank statement), I worked as a software developer then (here is salary slip and bank statement), that coins never moved to other address, want to sell" is easy. Mt. Pelerin should work I guess. Another one which should work is alt.co | Digital Assets Compliance & Cash-Out Expertise
If it's not that easy for you, your situation is probably different. Then depending on details there may be different options.
What's your case? Being North Korean? Trading DeFi for years without keeping any records and ending with basically no SoF for where from are the coins? Launching ICO via Panama enity ignoring all securities-KYC-etc regulations?
Bitcoin is here so you can be your own bank.
Forget about the banks and their corporate interests, they want you to be poor and dependent on the state - FK them!
Self-custody your wealth/BTC, that's the way
Take proper ones like Zerocap Zerocap - Zero friction, borderless finance or Amber Amber Group: Premium Digital Wealth Management or Base58 Switzerland Trading and several others with skin in the game and bespoke customer service
Or exchange OTCs like https://www.kraken.com/institutions/otc
But negotiate the fees down as the bigger size you trade, the better bps you get
Got also experience with other OTC desks -- every desk has its pros/cons
Be vary of bank OTC desks as they often charge way higher exchange rates
100% agree! I learned this the hard way!Bitcoin is here so you can be your own bank.
Forget about the banks and their corporate interests, they want you to be poor and dependent on the state - FK them!
Self-custody your wealth/BTC, that's the way
Of course, we can't deny that there are some real gems in this thread.
The fashion industry is less snobbish, at least they’re coherent…
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