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FreeBit

New member
Can you please elaborate on this as I am also looking into the UAE solution.

Have you already talked with Fred and CaptK? Do they not seem trustworthy to you?
Not trustworthy.
Fred claims to be a cryptomillionaire but he's 24/7 on this forum trying to get some people to dubai just to help.
No millionaire does that. CaptK does not want to live in dubai neither
They're set up cost is the best. Their fee is probably when you sell and the dubai millionaire costs you 10% fee. 5% for them.
There are better cost/benefit/risk options IMO
 

CaptK

Nominee Company Bank Account Real Estate Passport
Mentor Group Gold
Not trustworthy.
Fred claims to be a cryptomillionaire but he's 24/7 on this forum trying to get some people to dubai just to help.
No millionaire does that. CaptK does not want to live in dubai neither
They're set up cost is the best. Their fee is probably when you sell and the dubai millionaire costs you 10% fee. 5% for them.
There are better cost/benefit/risk options IMO
For personal reasons I can not live in the UAE but I am there at least once a month, COVID dependant. There are a few members I have serviced in and out of the UAE as I have an office there.
 

Mercury

New member
Not trustworthy.
Fred claims to be a cryptomillionaire but he's 24/7 on this forum trying to get some people to dubai just to help.
No millionaire does that. CaptK does not want to live in dubai neither
They're set up cost is the best. Their fee is probably when you sell and the dubai millionaire costs you 10% fee. 5% for them.
There are better cost/benefit/risk options IMO

What you write is concerning, because Fred mentioned about 1% total cash out fees .....?

Indeed, it would be great to get some real total costs feedback from people who have already cashed out significant amounts using DLS Dubai solution.

@FreeBit Would you mind listing the better cost/benefit/risk options?
 

carz

Mentor Group Gold
Not trustworthy.
Fred claims to be a cryptomillionaire but he's 24/7 on this forum trying to get some people to dubai just to help.
No millionaire does that. CaptK does not want to live in dubai neither
They're set up cost is the best. Their fee is probably when you sell and the dubai millionaire costs you 10% fee. 5% for them.
There are better cost/benefit/risk options IMO
What are better benefit/risk options, in your opinion?
 

uplana

Corporate Services
Mentor Group Gold
Not trustworthy.
Fred claims to be a cryptomillionaire but he's 24/7 on this forum trying to get some people to dubai just to help.
No millionaire does that. CaptK does not want to live in dubai neither
They're set up cost is the best. Their fee is probably when you sell and the dubai millionaire costs you 10% fee. 5% for them.
There are better cost/benefit/risk options IMO
Your post makes no sense, you claim they are wrong but you don't argue which alternatives there are?
 

polonieth

Active Member
Your post makes no sense, you claim they are wrong but you don't argue which alternatives there are?
The part that does make sense is why would a self-proclaimed crypto millionaire want to handhold noobs on this forum? That is a pretty good question.
 

uplana

Corporate Services
Mentor Group Gold
The part that does make sense is why would a self-proclaimed crypto millionaire want to handhold noobs on this forum? That is a pretty good question.
Well even a crypto millionaire need something to do!

Where did you get this "self-proclaimed" crypto millionaire from, did he told you that?
 

carz

Mentor Group Gold
I think the main sticking point for some ppl is cashing out crypto through a company with invoices not related to crypto, which I 100% understand. This is especially true if your coins are legal and clean; and you come from a high tax/anal home country - people rightful say "why add a risk factor which isn't needed?". The pertinent question here is: can you cash out crypto in dubai legally without this masking? You're at the mercy of the banks I feel.

Whether fred or whoever is a crypto millionaire or not is irrelevant. I don't know anyone, and will not defend anyone, but some of the most successful people in the space are still hustling like they're on food stamps.
 

azb1

Entrepreneur
I think the main sticking point for some ppl is cashing out crypto through a company with invoices not related to crypto, which I 100% understand. This is especially true if your coins are legal and clean; and you come from a high tax/anal home country - people rightful say "why add a risk factor which isn't needed?". The pertinent question here is: can you cash out crypto in dubai legally without this masking? You're at the mercy of the banks I feel.

Whether fred or whoever is a crypto millionaire or not is irrelevant. I don't know anyone, and will not defend anyone, but some of the most successful people in the space are still hustling like they're on food stamps.
Valid Point.
If government or authority come after you they can easily find out that Invoices are fake. You will lost sleep at night . For small amount I think nobody cares. for high amount You can easily caught.


I started New Thread for this legally earn bitcoin (Crypto) cashout method without any setup in Dubai or any other juridication
 

JosephLL

New member
What you write is concerning, because Fred mentioned about 1% total cash out fees .....?

Indeed, it would be great to get some real total costs feedback from people who have already cashed out significant amounts using DLS Dubai solution.

@FreeBit Would you mind listing the better cost/benefit/risk options?
@Mercury, can you point to the post (here or elsewhere in forum) where @Fred said that?

I too agree that Fred's millionaire status is not the topic here. I also understand him, out of care for already served clients, not being willing to disclose his proprietary technique for the key crypto-to-fiat contact surface. However, as an almost certain customer in near future, I do think there were 2 valid points raised here where we deserve more transparency in advance:

1 - Estimate of the total cost of the cashout. Mainly estimation of btc-to-fiat exchange rate as it is the deciding factor.

2 - aml/tf risks of the simulated business activity. He needs to find the right balance to assure everyone without uncovering&harming his own service model. I'm willing to pay for a well thought service but don't want my e-commerce shop to sell , let me paint this bluntly, a truck liad of usb sticks to Iranian mulah, for example.
 

CaptK

Nominee Company Bank Account Real Estate Passport
Mentor Group Gold
@Mercury, can you point to the post (here or elsewhere in forum) where @Fred said that?

I too agree that Fred's millionaire status is not the topic here. I also understand him, out of care for already served clients, not being willing to disclose his proprietary technique for the key crypto-to-fiat contact surface. However, as an almost certain customer in near future, I do think there were 2 valid points raised here where we deserve more transparency in advance:

1 - Estimate of the total cost of the cashout. Mainly estimation of btc-to-fiat exchange rate as it is the deciding factor.

2 - aml/tf risks of the simulated business activity. He needs to find the right balance to assure everyone without uncovering&harming his own service model. I'm willing to pay for a well thought service but don't want my e-commerce shop to sell , let me paint this bluntly, a truck liad of usb sticks to Iranian mulah, for example.
The biggest issue is the credibility of your buyer. If your buyer is not established and you receive a payment from them, you will have problems.
Your buyer can tell his bank he is buying coin but your bank will accept it then give you greif.
The BUYER is the key!!!!
 

Fred

Dubai Expat
Mentor Group Gold
Commercial Service
What we recommend has nothing to do with P2P or OTC.

You simply stick to an Exchange that isn't flagged as something Crypto related by the local UAE banks - so in the case of our clients they sell it to on an exchange.

That's it - no magic or 3rd parties involved.
 
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