Dukascopy bank any review?

[uranium]

I am looking to withdraw my crypto holdings to dukascopy Bank. Not broker
What you guys think?
It has finma regulation. So it has a real banking license.
Someone here mentioned that owners are russians and not trust worthy
I checked their review on trustpilot and it has bad reviews
I read somewhere they even impose limits and ask for documents for every transaction
However from what I understood account opening could be done online
As long as they have 100k deposit protection. I think I can use them for crypto cashout and later transfer to another more reliable bank
What do you think?

 

[jafo]

I am looking to withdraw my crypto holdings to dukascopy Bank. Not broker
What you guys think?
It has finma regulation. So it has a real banking license.
Someone here mentioned that owners are russians and not trust worthy
I checked their review on trustpilot and it has bad reviews
I read somewhere they even impose limits and ask for documents for every transaction
However from what I understood account opening could be done online
As long as they have 100k deposit protection. I think I can use them for crypto cashout and later transfer to another more reliable bank
What do you think?

I have had them for a while. Indeed the reviews are bad. It depends on where you are. If you are close to their offices and you can hop into Geneva and knock on their door, they are very nice and understanding.

Good luck!

PS. I would warm the account up though. I would also go by their offices PERSONALLY if you are planning to do more than €100K. If you are going to swing by their offices, rent yourself a former FINMA lawyer or regulator. It always leaves a "good" impression.

 

[EliasIT]

Lots of information and threads already posted about them here:

Dukascopy is reintroducing debit cards

Just received an email that Dukascopy bank are going to continue issuing their cards Q3 2022. They invite people to preorder their card. Source: Dukascopy Bank

www.offshorecorptalk.com

Is Dukascopy Bank SA a trustworthy bank?

Hi all. I have read through most of the threads here regarding the lost of offshore banks available. In some of the threads, somebody mentioned a swiss digital bank regulated by FINMA. I understand that this company was founded as a broker at first and transformed itself into a bank. Dukascopy...

www.offshorecorptalk.com

Dukascopy Card Services Suspended. Any other Recommendations?

As I prepare to Travel this week I transferred money to my dukascopy debit card only to get this email below today. I am looking for another solution. the issue is my country doesn't have foreign currency and from having a $20,000 daily limit on my debit credit card we are now subjected to $250...

www.offshorecorptalk.com

The money held in the Dukascopy card disappeared

Today the money held in the Dukascopy card, which was suspended about 1 week ago, dissapeared and now the balance of my Dukascopy card is Zero. I contacted them but still now they have not replied to me. Anyone else had the same experience?

www.offshorecorptalk.com

Google search the forum and you find even more!!

site:offshorecorptalk.com dukascopy

 

[Burak]

Dukascopy is good but their transaction limits are very low as default. But they provide multicurrency personal Swiss IBAN, which is really cool. Their card is working well but avoid using in other currencies because they don't have "exact" rates for currency exchange. In my country I lose around 3% when I pay with Dukascopy card.

 

[uranium]

Dukascopy is good but their transaction limits are very low as default. But they provide multicurrency personal Swiss IBAN, which is really cool. Their card is working well but avoid using in other currencies because they don't have "exact" rates for currency exchange. In my country I lose around 3% when I pay with Dukascopy card.

Transaction limits for deposit or withdrawal?
How much is it?

 

[Burak]

Transaction limits for deposit or withdrawal?
How much is it?

I think they allow to keep up to 50,000 EUR in the account. But the problem is quarter limit. There is $3,000 incoming/quarter limit on my account. I don't know if this is different for others, but probably similar.

 

[Jbb1]

I think they allow to keep up to 50,000 EUR in the account. But the problem is quarter limit. There is $3,000 incoming/quarter limit on my account. I don't know if this is different for others, but probably similar.

It depends on your salary or declared income. You can easily upgrade it.

 

[uranium]

Do they offer crypto custody?

 

[backpacker]

Do they offer crypto custody?

Did you ever check the bank's website?

 

[uranium]

Did you ever check the bank's website?

I did
I found only crypto trading
Nothing regarding crypto custody

 

[Alexmorgan]

as i saw so many reviews

They close accounts even if you didnt reach the limit

Their limit changeable per qaurter and thats one problem


Besides bad support

 

[EuroKiss]

All smooth with them, I also invested in Eth and gold ETF from the App. The only issue is the limit (€2,000 quarterly) but they work really fine and I love their chat-style App.

 

[backpacker]

I did
I found only crypto trading
Nothing regarding crypto custody

Well, if you did check the first page, you will know that they have two!
Check again and scroll towards the end to see a link to the other website.

 

[Forester]

I think they allow to keep up to 50,000 EUR in the account. But the problem is quarter limit. There is $3,000 incoming/quarter limit on my account. I don't know if this is different for others, but probably similar.

It depends on your salary or declared income. You can easily upgrade it.

Well... I'd not say easily; but it's possible, nevertheless beware that it is not a quick process. And generally, fees for the balance over 50k are ugly.

 

[Marshal]

Can someone share what questions do they usually ask during Identity Verification? To be more precise during video identification. Thanks

 

[Alexmorgan]

Can someone share what questions do they usually ask during Identity Verification? To be more precise during video identification. Thanks

They will contact your country of residence to open the account besides the reporting they do of any financial activity you do when you use your account

They will ask you in a video call they will tell you to say your first name and your last name then they will ask you to take picture of your passport and your national ID in the video

Thats it

 

[zzzzzz]

They will contact your country of residence to open the account besides the reporting they do of any financial activity you do when you use your account

They will ask you in a video call they will tell you to say your first name and your last name then they will ask you to take picture of your passport and your national ID in the video

Thats it

They will contact my country of residence when opening account? What are you talking about?

 

[Jbb1]

They will contact my country of residence when opening account? What are you talking about?

They won't contact your country of residence. They will just ask for proof of address.

 

[Alexmorgan]

They won't contact your country of residence. They will just ask for proof of address.

One of my friends they asked him the national ID thenlater they asked him to get in to government website of his residence country to take screenshot of his expiry date of his residency

No one in the world knows about this website unless you live in that country


They are following instructions from that government to open him an account

Now he is more than 10 days waiting to get approval from Dukascopy which is clearly not from dukascopy alone

They will contact my country of residence when opening account? What are you talking about?

If you live in some countries that have a restrictions on opening an account out of thier control

 

[Marshal]

They will ask you in a video call they will tell you to say your first name and your last name then they will ask you to take picture of your passport and your national ID in the video

Thats it

Thanks. That's what I was asking about. Do they specifically ask for both passport and national ID, or one of them is sufficient?