Crypto Friendly Banks (Portugal vs UAE vs Other Countries)

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Today we are talking about crypto-friendly banks. We'll compare Dubai, Portugal, and some other countries.
Where should I bank for crypto? Which countries are crypto-friendly? Which banks are crypto-friendly? These are the questions that I get very often.
How's the situation in Dubai banks? Are they open to accepting crypto money? Is Portugal better in that regard?
Here we are covering what you need to know about crypto banking, and which country should you go to.
Who are we and what do we do?
We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
We have lots of interesting articles on different topics, we have relevant information up to date.
Author: Michael Rosmer
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/ @offshorecitizen

[@ng7306]

Michael, thank you for making a video about this! I am humbled and pleasantly surprised you actually made a video about this topic after I posted it as a suggestion in your comments. This shows you actually listen to feedback from your audience. Keep it up! 👍 👍 👍

[@OffshoreCitizen]

Always our pleasure. Thank you for your support, we truly appreciate it! How did you like the video?😄

[@libertarianspirit]

My preliminary talks with banks reveal that Switzerland is the place to be for individual crypto investor. They have banks who are actually willing to do due diligence instead of rejecting you on the basis of your nationality and word “crypto”. Hong Kong is probably the worst. DBS and Julious Baer were xenophobic towards me as it was clear they don’t want to deal with me because I’m Russian, even if I’m living here for years. They are unwilling to do due diligence even if you can prove every single transaction.

[@matthiasschaaf8962]

True and can recommend Sygnum Swiss and also very good Private Banks are open for Crypto.

[@matthiasschaaf8962]

I know this also from Russian Friends which are based in Cryptus now. Lets meet and discuss crypto, investments, freedom etc. if youre interest, im also libertarian and based in zürich; cheers to freedom.

[@rohanindurkar6466]

Also make video on crypto Friendly private client banking in Switzerland and Singapore.

[@OffshoreCitizen]

Will see what we can do 👍 How did you like this one?

[@rohanindurkar6466]

@@OffshoreCitizen I is good I am looking forward to starting a crypto venture in Dubai I found this information useful.

[@braveheart8318]

@@rohanindurkar6466 just curious would you open a bank account in some other country for crypto and transfer the funds to uae. How would that work?

[@TimC883]

Thank you for this video after my comment yesterday as well. Much appreciated!

[@OffshoreCitizen]

Always our pleasure ☺ How did you like the video?

[@Docfreitag]

Nothing in Georgia? I had an impression Bank of Georgia and TBC Bank had good services.

[@ikxikx1]

May u go deeper about OTC services in Dubai???? Are u talking about OTC services in a bank or others offices????? Thanks

[@OffshoreCitizen]

That's a good suggestion! How did you like this video?

[@NightOwl577]

When you say for personal banking in Portugal, what amount are we talking? Can you withdraw 50k, 100k, 500k to your account? And which banks in portugal are the most crypto friendly?

[@souiritv8355]

All banks in Portugal are crypto friendly.

[@peterbyrne3228]

​@SOUIRI TV Portuguese banks are not crypto friendly. But if you hold crypto more than a year there's no CG tax

[@Bri-wi8kq]

Thought you were about to say Andorra at 4.00 Michael. Thank you for another very different and interesting video.

[@OffshoreCitizen]

You're welcome! Always a pleasure 😄 Any crypto friendly banks you know of?

[@snterp]

Another great video. Starting to get ready for the move back to Switzerland. If you happen to see this, I'm still curious about this question from yesterday: Do you have any news about the 2-year active investor option for 50,000 dollars for Dominica CBI, where you have to spend 90 days per year over 2 years? I've seen many rumors about this but I don't know if it ever became official or not.

[@avrinrose5457]

In my fictional world, all countries have a crypto friendly banks

[@digit313]

How about Caymjan Island off shore bank vs El Dalvador Banks. Also, Hong Kong off shore Banks. Btw the most Imp Topic!

[@blue7lvn245]

hasnt this changed in dubai with the big banks becoming more friendly with crypto

[@alexanderprykhodko8769]

What USA banks can open corporate bank account for a non resident usa company? Thank you and really a great video 👍

[@sonotu8510]

N26 is good and some Sparda bank from Germany. Worst is Revolut

[@DylanP7]

Hey Michael, if you renounce your US citizenship without another citizenship say you have a Dubai and Swiss residence. What happens? Thanks

[@BoxingPrinceTV]

U can’t be stateless .. have to have a citizenship/nationality

[@BobSmith-br7hk]

You would be stateless. It would be hard to travel (understatement). This is why CBI programs exist.

[@jeremywright5036]

You cannot renounce if it makes you stateless. We are all slaves and need to have an owner lol.

[@amarkmanpeters]

What is meant by “OTC services”? Thanks in advance.

[@larsolofrosen9737]

over the counter

[@braveheart8318]

Over the counter

[@Havoc104]

@@larsolofrosen9737 So meaning standard customer banks?

[@liamhiggins4301]

Awesome ! Thanks Michael

[@OffshoreCitizen]

You're welcome!😄 Anything else you'd like to see?

[@liamhiggins4301]

@@OffshoreCitizen Have you shot a video for crypto traders? The best way to go about setting up a business/bank account for carrying this out? Countries for doing this, pros and cons ? Would love that

[@wizardramen]

Hello anyone from ASEAN countries? What would be the best options for people from Asian countries?

[@johnmcafee2751]

Banks ? What is this, the Middle Ages ?

[@OffshoreCitizen]

Lol What do you recommend?😄

[@Edward-ii8se]

hey what are your thoughts, on some of the uk territories, isle of man, Gibraltar and channel islands ect. seems to be great banking and safety, whats the catch?

[@Mr_Enigma_Boss]

PLEASE GIVE US MORE SPECIFIC NAMES IN XYZ COUNTRIES PLEASE. THANKS

[@CryptoYagami]

Thanks for this video Michael. Can you list a few great OTC services in Dubai?

[@johnclark7973]

My first video! 😃 Interesting stuff. I am thinking about subscribing. I am getting educated currently in crypto trading/investing. I live in the US. What are the good crypto friendly banks here? How about Wells Fargo, Bank of America...? Thank you 🙏

[@rdix2501]

Thank you so much. I was looking into this information. I have created a Discord crypto country server and I have drawn out a crypto website but I have not coded it yet. I'm doing it for myself and also to maybe help others. Ofcourse I don't want to share to much information on KZbin about my idea.

[@OffshoreCitizen]

Sounds like a great project! Keep us updated 😄

[@Havoc104]

Hi Michael. I am based in Dubai and have an ENBD personal account. What do you mean by OTC services?

[@lvishal]

does ENBD allow crypto transactions fund transfers? RAK bank guys stopped my transfer to Binance.

[@Havoc104]

@@lvishal Yes, ENBD allows customers to fund Binance accounts

[@morocco9545]

@@Havoc104 how much is the withdrawal limit from binance to uae bank account ?

[@piero3197]

Hi Michael! Thanks for the video... I have a question and I know is not a financial advice but I need to understand. If you are a crypto investor and you decide to move from Canada... Is it true that you have to Deem Dispose all your crypto assets? Even if they are in your Digital Wallets as unrealized gains? Thank you again and hope someone can help with an answer!

[@sonotu8510]

Thank you

[@OffshoreCitizen]

Our pleasure! Anything you'd like to see next?

[@avin7922]

What banking services do you recommend for people attaining Caribbean CBI ? Thank s in advance :)

[@RA-gk5zg]

What about Antigua? I like their CBI program.

[@RedHotAmarth]

hello! Can you give more info about cashout due OTC, even in this case bank would ask about funds history, so invoice of OTC is enough to be calm about not blocking funds?

[@OffshoreCitizen]

Please send a message through www.offshorecitizen.net

[@leartis]

Great video Michael. Just what the doctor ordered :)

[@OffshoreCitizen]

Haha happy to hear you enjoyed it! Anything else you'd like to see?

[@william_8844]

Please cover trusts and residency tax

[@OffshoreCitizen]

We already have videos on those topics: kzbin.info/www/bejne/aIa5qoVnZZl8r9E kzbin.info/www/bejne/bmjVh3iGj8llic0 kzbin.info/www/bejne/rHvZkKOlnduMoZY kzbin.info/www/bejne/r6PJYYl3qLOmm68 kzbin.info/www/bejne/b2PdYqZ-mbyela8 kzbin.info/www/bejne/rnezm6dupq2aZ68 kzbin.info/www/bejne/lZanp6Owgs6aY6c kzbin.info/www/bejne/bWGVmqZjadOrjck kzbin.info/www/bejne/oWLdeIyiatSEftk Hope you enjoy! Let us know what you think :)

[@myronbourne6937]

Any intel on Malta?

[@peterbyrne3228]

Grey listed dude

[@avin7922]

Hows deltec bank in bahamas ?

[@jemmaye9781]

Hi Michael, Is there any bank available for BVI company for OTC service?

[@OffshoreCitizen]

Sometimes yes but they are picky on your business and how you carry it out

[@shantadahal755]

Is foreign based bank is cryptocurrency friendly in uae

[@OffshoreCitizen]

Generally it's not that easy to open foreign accounts for UAE companies but possible

[@johnmiller6991]

Bro why you speak like you are whispering.

[@parampalgill53]

I agree to you

[@J10044]

Nuri and Revolut

[@brightlight6113]

Revolut is not crypto friendly. You can only deposit btc. My deposit from Bybit was not accepted because they do not support Bybit wallets. They could not tell me what wallet they do support.

[@bsinghsidhu822]

🌺❤️👍

[@OffshoreCitizen]

How did you like the video?😄