What banks allow crypto business accounts?
The list of the best crypto-friendly banks is growing rapidly. Although most of the traditional banks are still stuck behind the wall, several are already allowing their business clients to transact with cryptocurrencies, and to exchange between fiat and digital currencies.
Can you open a business account for crypto?
Not all banks currently permit deposits, withdrawals or transactions in digital currencies. For your business to be able to handle these, you should either move over fully to a crypto-friendly bank, such as the ones we have identified in the table above, or else split your banking across the barrier by opening a secondary account at a crypto-friendly Fintech or EMI.
Can an LLC open a crypto account?
In general, to open a crypto corporate bank account, the same rules apply as for all banking. As long as the bank has the facilities to transact on your behalf, there should be no barrier to a Limited Liability Company (LLC) moving all or some of its banking over into a crypto business bank account. However, it may be necessary to check the corporation’s Articles of Association to see whether there are any restrictions that could prevent trading in other currencies such as crypto.
Best Crypto business bank account
Deciding which crypto-friendly banks for business offers you the best facilities can be difficult. You are well advised to engage with expert services from us. GBO has over a decade of experience in helping businesses negotiate with European banks and we can give you the right advice to help you make the proper decision in the shortest possible time.