How can foreign buyers use crypto-derived funds to purchase property in Turkey and obtain a DAB currency-exchange certificate?
From messages by 3 participants in 2 sources · Last activity: 44 days ago
From messages by 3 participants in 2 sources · Last activity: 44 days ago
TL;DR
According to the shared experience, buyers first open a Turkish bank account, convert funds into US dollars and deposit them. Before the property transaction, the bank issues a DAB certificate confirming the currency exchange for the purchase.
Open a Turkish bank account before the transaction, as it is used to handle the funds and obtain the bank paperwork for a property purchase.
The described process is to convert the funds into US dollars and deposit the dollars into your Turkish bank account rather than paying the seller directly in cryptocurrency.
Once the apartment has been selected, tell the bank that the exchange is for a property purchase. After converting the dollars, the bank issues a DAB certificate documenting the exchange for the real-estate transaction.