Crypto Banks: Best Banks to Cash Out Millions
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- เผยแพร่เมื่อ 4 ก.พ. 2025
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DISCLAIMER: This video is not tax and/or financial and/or investment advice. Any information or advice I give is purely based on my own experience and research. I am not a tax professional and/or lawyer and/or accountant so I am not liable for any steps you take to lower your taxes. I'm not a financial advisor nor do I pretend to be. Always do your own research.
There is no best bank. Just do your taxes correctly and let this do from a tax consultant if you are knowing you are getting high amount of money out. Than you will never have problems with any bank. Always talk with your bank before doing any bigger transaction to be safe and discuss everything needed before any cashing out.
No, many of us took the entire risk with our private already taxed money, not to mention the effect on health, the Tax departments globally did Sweet FA to take on a share of the cost and stress and risk but merely hold their hand out.
They can go F themselves.
EXACTLY what I tell anyone interested in crypto investing. Due your due diligence both in the beginning and get into projects that are stable and run well. Then, when its time to take profits, work with a business attorney and CPA to make sure you pay only as much as you owe in state and federal taxes. Don't leave yourself open for audits and the government stepping in and taking your property.
Dont fall for this, eventhough you cashed your crypto in Swiss bank, once you transfer to to your country local bank, they will ask proof for source of fund, who is the sender and what you sold for this cash.. Full Audit will happen while receiving , it happen to me
This is why Crypto to crypto transfers are the way to go. Probably be very popular payment choice off world 😂
I got citizenship of Vanuatu, through their investment program. There is no taxes here and no one gives a fuck and where you have bank accounts and how much you earn.
You don't transfer large amounts of money into any bank in any country where you actually live. You use Teather to get cash in hand P2P.
What if you just use your money with that swiss bank credit card and don´t transfer it to your country bank?
are you ok though? did they make it hard to get anything sorted
Wise will screw you up
100%. i got my wise account shut down for sending crypto. Wouldn't recommend it.
Did either of you send dollars? He mentions to only use euros...
@@604xrp8 Thought they don't support it. Was it a business account?
I stopped using Wise for Crypto
It's too useful to risk being shut down
I Also had some problems with Wise....
I will forever be indebted to you Ms. Lucca Marie. You changed my whole life, I will continue to preach your name for the world to hear. You saved me from huge financial debt with the little I had. Thank you Ms. Lucca Marie.
I am surprised that you just mentioned Lucca Marie here. I met this woman at a conference in 2021 and we have been working together ever since.
I am very happy that Ms. Lucca Marie is mentioned here. A friend of my family recommended her to me when I was in Italy during the Corona crisis. She is amazing.
How did you do that please? I am a beginner in investing. Can you guide me?
She's mostly on Telegrams, with the user name.
@ExpertLuccaMarie, that is her name..
Sending crypto money to Wise is a really bad idea
It is explicitly against their terms of service, it will likely get you closed eventually
I agree, I had received a warning from them, although it was 2-3 years ago
I just checked wise site. here is what it says: We never accept cash, cheques, or any cryptocurrency (crypto). You can receive money to your Wise account from a platform that deals with cryptocurrencies - as long as the platform is regulated.
so sounds like as long you are sending your crypto as fiat from a regulated platform... to wise... that should be ok... interestingly they say you can't send from binance (odd, i thought they were regulated) "Note: we're not able to receive any payments from Binance."
What about buying crypto with a Wise Euro debit card🤔
I think it depends on the exchange
Just letting you know that they changed this.
Receiving money
You can receive money to your Wise account from a platform that deals with cryptocurrencies - as long as the platform is regulated and/or supervised in the EU or UK and is within Wise’s risk appetite and per Wise’s discretion.
For example, we’re not able to accept any payments from Binance or Coinbase.
I just send Crypto from my Ledger to my Nexo, CL or Coinbase account and use my Nexo, CL or Coinbase Cards to spend it. So much easier
Two questions if I may: 1) What is CL? 2) Any purchases you make with those cards are still deemed to be "taxable events " by your local taxation authorities, are they not?
@@jamesdonalfaulkner - CL = Crypto Life Card. It’s part of the Ledger Ecosystem
@@jamesdonalfaulkner - Sorry, I thought I had already replied to your question. CL = Crypto Life Card. It’s got something to do with Ledger. Search ‘CL Card’ on TH-cam and you’ll see it. Not too sure about the tax side of things. But, I live in Barbados and they don’t tax Crypto anyway
@@jamesdonalfaulkner - no idea why my reply to you keeps getting deleted 🤷🏾♂️
@@jamesdonalfaulkner CL Card from Ledger
Wasn’t Cryptos specifically Bitcoin designed to take the middleman out of the equation why do we still need banks?
😂😂 lol
As long as crypto is not widely accepted as a transactional currency, one needs a middleman to convert it to fiat.
it's still designed to take the middleman out. the acceptance just isn't there yet. at least, not always there yet.
Because crypto is an asset and you send to bank to convert it into currency.
It is designed to take the middleman out. The issue is it’s not accepted anywhere except like El Salvador . For example I wanna buy a BMW, when I tell them I wanna send them in crypto, they won’t accept. So what we do is convert it to fiat
Switzerland the best country in the world 🙏🏻🇨🇭
Yes, for hybrids reptilians.
Isn't really expensive there?
@@mrweeed5066it’s expensive in coastal towns in Mexico. $1000 USD per night for a hotel.
@@mrweeed5066if you are loaded, no
@mrweeed5066 Switzerland IS expensive, (although VAT rates are much lower there). But Swiss workers EARN much more
Wise was terrible for me... allowed me some crypto related transfer (they even confirmed this was ok), then suddenly just closed me down completely after a small deposit to another exchange... No warning, no explanations, nothing.
The Wise website is pretty clear to be honest: you can receive money from EU crypto exchanges. Receiving from other crypto exchanges is banned. Sending to any crypto exchange, no matter where they're based, is banned. Depending on the location of your own private account there may be additional restrictions.
I was banned from revolut and wise a long time ago with no reason given
Wise is horrible. I have about $2k stuck with them, doubt i'll ever get it back
Same. I suppose the reason cuz i used it to buy crypto via binance
Don't listen to this stupid guy . He is trying to create content that's all
@@bu_mogsaRevolut dissolved their relationship with binance..
Yes... they made a.cleanup a year ago..they hate the p2p
You can use Indonesia. Set up a company or get a digital nomad visa and open a bank account. With 0.31 percent fee includes tax and then you can use the card
Interesting! What exchange do you use?
Which bank did you use?
Possible for foreigners mas?
@@SriRam-fp1kt yes . If you have kitas
Sick channel man, subbed definitely looking for this kind of info
I heard that Armenia has crypto friendly banks
He didn't mention the best way which is through Caleb & Brown and which will work with any bank account in any country that you fancy.
Can't use in the UK unfortunately.
So what is "Caleb and Brown"?
@@jamesdonalfaulkner crypto broker.
@jamesdonalfaulkner google it and you'll find their web page which goes into detail.
@@jamesdonalfaulkner Australian based crypto trader.
Thanks for sharing the information. Does the Swiss bank accept USDT or only BTC?
Swiss banks are best banking in the world you can cash out crypto currency any one usdt, tether, Bitcoin or Etherum
Excellent summary video. What are your overall experiences with Nexo?
I'm thinking of getting into investing but feel a bit lost and confused. Any friendly advice or contacts you recommend for guidance?
It's a wise idea to seek expert advice when you're setting up an investment portfolio because it can be a bit complicated.
Getting advice & guidance from financial experts like Hailey Gassmann to adjust your investment is a wise move.
So you guys also familiar with her? Whoa! She is amazing and the reason my spouse and I possess our own home and car
Hailey has been managing my investment. All I do is sit at home and make withdrawals every week without any knowledge of trading. She does everything by herself
I make a lot of money without relying on the government Investing in stocks and digital currencies is beneficial at this moment.
Can you also please name those Swiss private banks that accept large crypto deposits?
Very Useful. Thank You!
Dubai banking in a week? Sign me up! 🌟 But seriously, how slow do we have to go to avoid issues?
Tangem card coming soon
Nexo also offer non custodial wallet, same with wirex.
Great video, I'll follow more of your content.
What is the best bank in the UK ?
Isn’t it better to borrow against large stocks/crypto holdings than sell them?
I make $150k a year. Mind you I have no children and zero debt. I have a six figure portfolio (Stocks, crypto crowdfunding real estate, savings, and CD's) it wasn't easy. I hustled, saved, and invested my money. I always tell people "Money can't fix stupid"
Sir. Why on earth would you cash out from bitcoin. The only asset in the world that protects you from cash inflation.
Now do one for Americans
Isn't it easier to just keep the crypto in your wallet and use a crypto debit card to spend the crypto instead of converting back to fiat?
Hi, can't find via card. Do you have a link?
its Via Carte
Any links for the Via Card?
Why didn't he name the crypto country El Salvador?
Poor countries typically have weak banks
The Crypto market is pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.
i feel right now e commence among other sectors are expected to really see growth but who know i might be wrong, These days the market is filled with surprises.
If i'm to say Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an expert, before I started seeing any significant results happens in my portfolio, been working with the same expert and I’ve scaled up 750k within 2 years.
Interesting, I’ve actually been looking into getting one, lately the news I've been seeing in the market hasn't been so encouraging. If you don't mind me asking who's the person guiding you?
Well Nancy Magaret Delony is the licensed expert I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
thanks for putting this out, it has truly rekindled the fire to my goal..
Xapo just upped their prices to $1000/yr from $120 or so. Huge hike not worth it.
1000 is crazy
Agree. They couldn't even provide a USD bank account last time I checked
@@stevey-xw4gz there is now, but you can only send USD from your own USD bank account through ACH network
DO you have any alternative to Xapo? I need IBAN with SEPA instant
Disagree re: Wise - they cancelled a transfer from a renowned exchange (despite it being not an issue for 5 years prior). Revolut much better -they even have their own exchange.
Any thoughts on Deltec bank? I think they’re in the Bahamas. Crypto specific bank
My helpline are as follows
…Firstly, plus 1628
…S3condly 285
…Lastly 6114.
…wanna enlightening…
I will be expecting it on w@pp
Revolution does perform like wise
Your videos have been great !! I am part of your viewers and i’ve been watching your videos lately. I’m interested in trading but I still can’t figure out the right trading to engage in . I’ll appreciate any help out here.
Yes, it's true, there's been a lot of talk about investing lately, but I'm new and also curious how I can get started. Can anyone explain how to invest and how to get started ?
In my opinion, investing is not about getting rich but about gaining financial independence. I rely on strategies from a source that ensures my monthly dividend,
How can I connect to your source for success tips!?
Shana Heckel
She's on INSTAGRAM
What are the pmswiss private banks in question ? Julius Bär ?
My helpline are as follows
…Firstly, plus 1628
…S3condly 285
…Lastly 6114.
…wanna enlightening…
I will be expecting it on w@pp
Wise app with Australia account, crypto is not accepted
Bro we are fuked in Australia. It is becoming scary here 😢 tax is getting too high. They just raised Corporate tax to 45% over 190k its insaine.
You can withdraw from Nexo to Wise? Can you also top up from Wise to Nexo?
Yes both
Philippines crypto to cash = Moneybees.
How much the fee on via carte and how do we register ?
Any Ultimo offshore bank users here? I would like to open an account with them, although I live near Swiss border it’s not that simple in Switzerland, gates are closing for normal people (
I did, got the card via dhl, works great
@@vanillafunk ..Ive heard people have been scammed by Ultimo ..any thoughts?
@@RobertDiaz-f3n have it for 6 month.. all peefect
It is illegal in Thailand to use crypto for commerce (like buying real estate). Also, you'll need to fill out tax paperwork and be taxed on all funds brought into the country.
is it correct? I have heard that lawyer can make some papers that will accept by constractor
Can we get an invitation code for via carte ?
Can u add invitation code for Via card?
So if you already have an account and credit card with Tower Bank of Panama then it sounds like Viacarte would be redundant.
Not your keys, not your crypto
What about the banks in Monaco?
they're on FATF grey list.
@@ririr2
Monaco has been on the grey list since June 2024. It's strange that no one mentions El Salvador, they are on the white list.
3:16...dammit oh well, 999,999 at a time 😄
Best banking to cash out without any quastion is Monaco or Cayman island
Are u speaking of experience? And I mean experience like AT LEAST transferring 100K€
Hi are you bank crypto in binance ?
There’s another bank that is offshore where you can sell btc to the currency you use. I won’t say do your homework like I did
Anyone cashed out crypto through Mexican bank accounts? Any suggestions?
Banco Azteca
Why not use binance directly for example?
I mean they have a card too
Nexo 🤝
What about Deltec in Bahamas
can i use viacarte creditcard in india or dubai?
Yes
Wise does not support crypto . They will close your account
Does spending money with a crypto debit card trigger a taxable event? What if I withdraw from an ATM? How about transfer money from crypto card to a different bank account does the crypto get automatically transformed in FIAT and trigger a sale event?
Wise is not working with crypto companies anymore as far as I know.
Please show a list including China.
…but you didn’t name the Swiss banks?
Rapeal, please can you do a video on Revolut and Crypto info...Thanks
Living in Pakistan can I open bank account digitally and get a debit or credit card for cash out crypto please suggest a lot issues facing from banking living in Pakistan.
Being a part of the Web3 Infinity revolution inspires me. Let's change the planet!
Which private swiss banks specifically?
I like Migro's bank.
@@eddiebeer4516 can non-resident opens it?
@@batabaka I'm not sure about that. When I asked they said I could open an account as a non resident, but I hold a Swiss passport. You may be able to open an account unless you are a US citizen. US citizens have a hard time opening foreign bank accounts. You could try calling Migros Bank and just ask.
I'm admittedly bummed that I didn't go with my gut instinct & buy bitcoin few months back when it was 50k - 55k range. is it too late to get in and make profits? i have set aside $150k to get fully invested this year
It isn't, in my opinion. Bitcoin becomes the new bottom once it surpasses its all-time high. A excellent purchase is anything under 69k. Working with a fiduciary advisor is still advised rather than depending just on conjecture.
Like everyone else, your fear of losing out is the only problem you may have. Although many people doubt the ability of financial advisors to investigate new markets, I have had a financial advisor continuously reorganise and diversify my portfolio and expenses over the last ten years, and I have generated over $400K in returns. That may not seem like much, but I am financially comfortable.
The way the market behaves can be complicated and uncertain. Would you mind if I asked you to suggest this specific advisor to someone you have worked with?
Annette Marie Holt is the Financial advisor i use
I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you
why woulda bank give you their money for your computer code?
Any invitation code for viacarte ? They ask to open an account
your mic is upside down
Genuinely don’t care
I keep on hearing
"Arrested"
Given recent crash there are two options. If you don't have usdt hold. Selling now is same as selling potentially life-changing lottery ticket. If you have USDT buy more. My top pick for buying are Cortux, Kaspa, Injective. I belive there is minimum 10X return on each of them.
Thanks for your video. Have you already tried to send it straight from Nexo to ENBD or Mashreq?
Wonder which of these is best in terms of privacy and tax reporting.
If you've got US citizenship, tax avoidance isn't easy, but I don't think it's impossible.
@@dlukton my user handle hopefully tells you I'm not from the US 😁
Ultimo debit card. Based in Laos
can i get a code for viacarte
Which is the best crypto friendly bank in Dubai?
This past few days watching my crypto portfolio decline is very disheartening. Holding doesn't really profit much. Any idea on how to earn better in the short run?
Trading without a professional guide....Hud i laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional .
Addilyn Madris Ambrose was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Addilyn Madris.
She is my family's personal broker and also a personal broker in many families I'm United State, she's a licensed broker and a FINRA AGENT in United states
I've come across this name before, please can i reach her?
just understand that you will eventually pay a tax if you are american unless you move to non CSR countries but those countries might be unstable. if you give up your passport they will know exactly what you have and be taxed.
No Singapore ??
😂😂😂 you can't unless you are 100 millionaires
@@MrRayandavenot true.
Said you don’t like Georgia please be clear you mean you don’t like Georgia like country or you don’t like banking system in in Georgia?
What about Cyprus and Portugal?
Ultimo debit card. Can use worldwide and privacy focused
@@richardortyl7550Thanks, looks very interesting. Are you happy with their service?
You can send crypto to a swiss private bank and they cash out for you. But you can also send them €/CHF from a reputable exchange and it will be ok, right ?
Dont use revolut, please.
Why
@@capitanfullpowerhe probably doesn’t want too many eyes on them. I’ve had no issue so far.
Your advice on this channel only directed to very wealthy individuals.
If you're unburdened by US citizenship, get a crypto debit card. As a US citizen, you can still get a crypto debit card, but the FinTech company will report your transactions to the IRS.
Because cashing out 100K is easy as fuck, the problem is when like some of us you're trying to cash out 7/8 digits and have literally no options.
How can you get atrust at the Cook Islands?
Probably best to hire someone to set it up; but if you're burdened by US citizenship, you'll have to report the trust to the US government.
All videos are about cashing out crypto, now explain the opposite to us in one video. How can you buy millions of dollars of crypto currency or buy tens or hundreds of millions of crypto currencies at once? Private brokers or exchanges? In embargoed countries where banks are embargoed, like Iran, how should we transfer our own money and convert it into crypto?
For that kind of money, just bribe some government officials and buy a banking license and do p2p through business accounts, but you can also have some brokers to transfer your money in USD to other countries and then buy crypto there.
Interesting 🤔
crypto was created to replace Dollars, so why woulld you
9:22: you can koppel you Revolut card….to that bank account…?
you can’t sent crypto to wise account !! so your video don’t make sense cos’è you need to sell your crypto somewhere else then to wise … but it is not a direct platform to exchange crypto to euro
I just have to applaud your content man, well done😃 Long term investors know that the market and economy will recover eventually, and investors should be positioned for such a rebound. I gained $180k from bitcoin in 2021 before the market crash and now I'm buying again, adding more at a time. Having a good financial advisor like Florence Monroe, it will add to your success in the crypto market.
Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️
I'm 37 and have been looking for ways to be successful, please how??
Sure, the investment-advisor that guides me is..
Elizabeth stark
Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!
😱Sounds familiar, I have heard her name on several occasions.. and both her success stories in the wall Street journal!
I know nothing about trading/ Investing and I'm keen on getting started . What are some strategies to get started with ?
As a beginner, it's essential for you to have a mentor to keep you accountable.
I'm guided by a widely known crypto consultant
This is correct, Ashley Petra strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started.
Ashley is considered a key Crypto Strategist with one of the best copy Trading portfolio and also very active in the cryptocurrency space.
Isn't that the same Ashley Petra that my neighbours are talking about, she has to be a perfect expert for people to talk about her so well
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
Are you a ransomware mastermind? Where are you getting all dis crypto?
But what kind of swiss bank account u mean? U just say swiss bank account
sucker wise
If the US left NATO, Switzerland would stop being the best place to have a bank account
Why is that?
Will Trumps team solve the U.S. Chokepoint 2.0 problem and let us cash out through our normal banks? What's the word since you have this type of company?