Required Legal Notice: Virtual currencies, real risks. The only guarantee in crypto is risk. Read more

How to get verified for a Business account

Last updated: 9 чэрвеня 2026 г.

The Business verification process is exclusively for business entities, and isn't required for personal accounts. Bank deposits and withdrawals can only be transferred to and from a business bank account registered under the business name and not in your personal name.

If you're interested in setting up a personal account, sign-up here.

With a business account you will enjoy the following benefits:

Estimated account creation processing times:

  • •

    The standard processing time for applications is five business days.

  • •

    To expedite processing, ensure all requested documents are submitted accurately and completely as outlined in the application form.

  • •

    Verification times may increase if additional information or documentation is required by our team.

  • •

    During periods of high demand, processing times may be delayed.

  • •

    If you experience a delay, it does not necessarily indicate an issue with your application. Our team will notify you if any further action is needed.

Should you need to pause the onboarding process and resume at a later date, you have the option to save your application by clicking the “X” icon in the top right corner.

How to apply:

  1. 1

    Select Sign up in the upper righthand corner of the page.

    General_CreateAccountButtonUpdate_07092021.png
  2. 2

    Next, click on the Business tab.

    BusinessAccount.png
  3. 3

    Then, fill out your new account details, and click on the Create account button.

    BusinessAccount_CreateAccount.png
  4. 4

    An activation message will be sent to your email inbox. You can use the purple Activate account button, or the 6-digit 2FA code found at the bottom of the email.

    BusinessAccount_CreateAccount.png
  5. 5

    Once your account is activated, you must secure your account by adding at least one form of Sign-In Two-Factor Authentication (2FA).

  6. 6

    After adding 2FA, navigate to the Homepage.

    Verify identity

  7. 7

    Select Verify to access the application form.

  8. 8

    You can save your application at the bottom of the form if you would like to return to it later. To access it later, repeat Step 6 by clicking the Verify identity button.

  9. 9

    Fill out the required information in each section.

  10. 10

    Once you have completed a section, you will see a green checkmark next to the section title, which indicates that the section is complete. Only once you have completed all of the sections of the application will you be able to submit your application.

    Verification_BusinessInformation_02092021.png
  11. 11

    Once you have entered all of the required information and included the necessary documentation, hit Submit.

A Business Account is designed for individuals or entities trading on behalf of a business. If you plan to fund your Kraken account using a business bank account or a business-owned crypto wallet, this account type may be the right fit for you. Below are the key details:

  • •

    Bank deposits and withdrawals can only be transferred to/from a business bank account registered under the same business name.

  • •

    Crypto deposits/withdrawals must be from a business-owned wallet (no third-party wallets).

  • •

    Trading fees are the same for Business and Personal accounts, but Kraken’s discount schedules reward frequent and high-volume activity.

  • •

    In order to apply for a business account, you will need to provide valid business documents and personal documents.

Various corporate entity types can open a business account at Kraken. Some of those types include: 

Yes, you can open a business account for an SMSF. When applying for a business account, please include a self-certified copy of your SMSF trust deed. You can upload the trust deed as a form of Corporate Formation Document.

Yes, you can open an account if you do business under a DBA or trade name. During the application process you will have an opportunity to supply your company's registered name along with your DBA or trade name. When submitting the required documentation, please also include legal documents that allow you to operate under your DBA or trade name.

Required documents and information:

To verify your business account, you will be required to submit general business information (i.e. name of the entity, registration number, registration date, registered and operating address) as well as the following documents: 

  • •

    Corporate Formation Documents: Certificate of Formation, Articles of Incorporation, Certificate of Organization, Trust Deed/Agreement, or Equivalent Legal Documents.

  • •

    Company Share Registry: A comprehensive record of Ultimate Beneficial Owner (UBO) shareholders, including details on percentage capital stake and voting rights.

  • •

    Organizational Chart & Corporate Structure Document: If your business entity is owned by another entity, this document should clearly outline ownership by the parent company or companies.

  • •

    Proof of Business Operating Address (POBOA): A document verifying your company's physical address, which must include the business name. Acceptable documents include a business bank statement, credit card statement, lease agreement, or utility bill. The document must be issued within the last three months.

  • •

    Cryptocurrency ATM Due Diligence Questionnaire & Attestation

  • •

    Anti-Money Laundering Questionnaire & Attestation

*We also require personal documentation for each beneficial owner and account accessor.

Please note that corporate documentation may vary significantly depending on the country of incorporation. To ensure that you submit the right documents, please reference the information provided below. Additional documentation may be requested during the application process.

In addition to the required business documentation, you will be asked to provide personally identifiable information (such as name, address, email address, phone number, and Social Security Number, where applicable), along with personal verification documents for the following individuals:

  1. 1

    Beneficial owners: Depending on the regulatory requirements of the jurisdiction in which your company is registered, you may be required to disclose information regarding the beneficial ownership of the business entity. This includes identifying individuals who hold a significant level of ownership, equity interest, or voting rights. Thresholds and definitions of beneficial ownership vary by jurisdiction, and you will be asked to provide this information in accordance with applicable local laws and regulations.

  2. 2

    Individuals with significant managerial control: This includes anyone who has direct or indirect authority to appoint or remove a majority of the board, or who exercises significant control over the company's operations (e.g., CEO, CFO, Owner, or equivalent roles).

  3. 3

    Individuals associated with a trust or partnership structure: Such as trustees, beneficiaries, settlors, protectors, or members of a firm who exercise significant control over the company.

  4. 4

    Account accessors: Any individual who will have access to the account.

A valid Corporate Formation Document is a key piece of documentation that was issued upon the successful registration of your company with the regulatory body in the country of registration.

A valid Share Registry document displays full shareholder structure and is issued by a regulatory body. Depending on the type of business, it could be a corporate document displaying full ownership of the shares issued by the company or it may mention a sole member / sole proprietorship and show the name of the owner.

A valid Proof of Business Operating Address (POBOA) document contains the legal name and the physical address of the company (i.e. the place where the day-to-day business takes place) and is dated less than three months from the date of submission. We do not accept P.O. Box addresses from any country.

POBOA documents include:

  • •

    Business bank statement

  • •

    Credit card statement

  • •

    Lease agreement

  • •

    Utility bill

  • •

    Registered lease/rent document 

  • •

    Property ownership title deed registered in the name of the institution, duly stamped and signed

In order to operate as a regulated crypto exchange in a wide array of jurisdictions, we are required to ask for key documents and information from our clients. We must keep these documents on file for each of our clients that opens a business account at Kraken in order to comply with these regulations.

Reselling Services include any type of service where a business offers to buy and sell cryptocurrencies on behalf of any 3rd party.

We are required to know the source of any funds that are added to a business account at Kraken. The SOF indicates how the funds were originally generated.

In addition to the required business documents, you will also be asked to provide personal identifiable information (i.e. name, address, email address, phone number, SSN) and personal verification documents.

Need more help?