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crypto friendly bank?

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Posts: 10
Community Member
Topic starter
(@nick4rv)
Member
Joined: 1 year ago

Hi, first time here.

Preparing our relocation to the Algarve. As everything starts with NIF and a bank account, I wonder if anyone could provide info on a crypto friendly bank? Any experiences?

15 Replies
Posts: 11
Community Member
(@ryanfromzion)
Member
Joined: 1 year ago

Hi Nick. Just wondering if you received any info on this, as i am also interested in this topic. I have watched a few youtube vids (heidi @ cryptotips) with crypto investors in portugal, but they uave not disclosed what banks they use. Good luck in yoir research. 

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2 Replies
VIP Member
(@juliet514)
Joined: 9 years ago

Member
Posts: 24

Hi both. I use Millennium and they have always been ok for crypto

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Community Member
(@nick4rv)
Joined: 1 year ago

Member
Posts: 10

@juliet514 Good to see a confirmation!  Thank you!

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Posts: 10
Community Member
Topic starter
(@nick4rv)
Member
Joined: 1 year ago

You are the first to reply to my post. So, no information from this community. Astonishing, as I thought crypto is one of the drivers to move to Portugal.  Seems that crypto is not of major interest here, although I saw signs of creating a crypto forum.

I´m still struggling to get information about crypto friendly banks in Portugal. Or it is not even an issue, as crypto are considered currency.

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Posts: 11
Community Member
(@ryanfromzion)
Member
Joined: 1 year ago

No worries. I am not yet in Portugal and was planning to do more research on banks when i land (plan for end of the year). What exchanges have you researched to exit to fiat? The only one that i feel somewhat safe about is Kraken, but there must be some small on/off ramp apps available in the Portuguese/EU market (we have many in Canada).

If you end up getting soke info, please let me know...i will do the same 🙂

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Posts: 10
Community Member
Topic starter
(@nick4rv)
Member
Joined: 1 year ago

I am a EU citizen using exchanges worldwide. But in EU we have Swissborg (Switzerland) and Bitpanda (Austria) which have good reputation and even banking licences. That should be pretty save for on/off ramp for fiat. Of course you have to comply with KYC/AML requirements.

We will be in the Algarve in winter (November to....?). Let´s keep in touch!

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2 Replies
Community Member
(@ryanfromzion)
Joined: 1 year ago

Member
Posts: 11

@nick4rv thanks for the tip on those 2 exchages, i will check them out.

When i land and get settled in, i also plan to spend my winters in the Algarve (with the rest in the north...Porto or Braga)...i have read that its nice and quiet 🙂

Ya, lets keep in touch...always nice to find a fellow crypto enthusiast. 

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Community Member
(@nick4rv)
Joined: 1 year ago

Member
Posts: 10

@ryanfromzion Super! You are welcome to visit us in our new home in Lagos!

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