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sublety22

New member
Well we face no issues with UAE banks to the EUR SWIFT Bank Frick account of Kraken.

Just double check the SWIFT CODE of the UAE sender bank upfront with Kraken and when they say no issues with latest deposit/withdraw you are good to go.
Do you mean to open a bank account with Bank Frick and withdraw to your bank account there before sending the funds to your local UAE bank or were you referring to that Kraken has a bank account with them that they can use to transfer funds directly to your UAE account?

In case of the former, would not this cause Bank Frick to exchange CRS details to home citizen country in Europe ?
 

azb1

Entrepreneur
How to Sell Crypto & Avoid Taxes Legally (Cashing Out)

For small amount $10,000 Nexo->Emirate NBD, works as person claim in this video.
 

Cryptohodler

New member
Hello everyone!

I’ve received Emirates residency and looking for crypto-friendly bank in UAE to set up account.

Despite I can provide proof of legality of my crypto and fiat funds there was information that not all UAE banks like transfers to/from cryptocurrency exchanges for whatever reason.

I would really appreciate if you can give me any clue of what banks in UAE more crypto-friendly than others.
Hello , were you able to find any local UAE crypto friendly banks
 
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TheCryptoAnt

Active Member
Do local UAE banks have any problems with sending USD from usd currency account to crypto exchanges like binance ? I don't need to cash out of crypto.just need to buy

Depends on the bank and the relationship you have with them.
You can make it work with NBD but they have to approve it.

If you are doing crypto through a FZCO and dont have a lot of capital/dont get approval,
there're better options to work with than UAE banks.
 

Cryptohodler

New member
Depends on the bank and the relationship you have with them.
You can make it work with NBD but they have to approve it.

If you are doing crypto through a FZCO and dont have a lot of capital/dont get approval,
there're better options to work with than UAE banks.
Please share alternatives to UAE banks for sending usd to binance etc
 

TheCryptoAnt

Active Member
What are you talking about silvergate bank not being a SWIFT member.following is it's SWIFT code
Silvergate Bank. 4250 Executive Square Suite 300. La Jolla, CA 92037. SWIFT/BIC Code: SIVGUS66

Please share alternatives to UAE banks for sending usd to binance etc

you just mentioned one I use for USD, Silvergate.
Onboarding is straightforward and took 2 weeks for me.

Bankera for Euro, ob is a pain tho.
Turkey and Kazakhstan banks are friendly to FZCO too.
 

Cryptohodler

New member
you just mentioned one I use for USD, Silvergate.
Onboarding is straightforward and took 2 weeks for me.

Bankera for Euro, ob is a pain tho.
Turkey and Kazakhstan banks are friendly to FZCO too.
Silvergate onboards free zone companies ? I didn't know that.
Do they onboard just a company that trades with its own funds ? My volumes will be around 3 million USD per annum
 

TheCryptoAnt

Active Member
Silvergate onboards free zone companies ? I didn't know that.
Do they onboard just a company that trades with its own funds ? My volumes will be around 3 million USD per annum

They did when I got the account. I dont know if the policy has changed.
In my case its company + clients funds.

Just send them an email
 

TheCryptoAnt

Active Member
Turkey and Kazakhstan banks in UAE, or at their respective countries? do you mind mentioning some?

At their respective countries.

Sberbank KZ could be useful too.
 

overnbeyond

Mentor Group Gold
what like to hear from anyone who has a good suggestion to find such a bank! ??
as long as you can show trading records or SOF you are good, can't do this under a company though.
 

overnbeyond

Mentor Group Gold
This means my company paying me a salary into a personal account and using that to trade. Will most local uae banks be ok with this setup and allow me to send money to exchanges like binance or kraken ?
thu&¤#
thu&¤#
 
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