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:
- •Personalized deposit & withdrawal limits
- •Access to Kraken's Over-The-Counter (OTC) Trading Desk.
- •Margin Trading, if you are eligible to trade margin.
- •Futures Trading, if you are eligible to trade futures.
- •Higher API limits.
- •Trade using Kraken Pro.
- •Receive staking rewards, if you are eligible to stake.
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:
How do I apply for a business account?
Is a business account right for me?
Which types of corporate entities can open a business account at Kraken?
Can I open a business account for an Australian Self-Managed Super Fund (SMSF)?
Can I open an account if I operate my business under a DBA or trade name?
Required documents & information:
What business documents are required?
What documents are required for each beneficial owner or account accessor?
What is a valid Corporate Formation document?
What is a valid Share Registry document?
What is a valid Proof of Business Operating Address (POBOA) document?
Why does Kraken require these documents to open a business account?
What are “Reselling Services”?
What is “Source of Funds” (SOF)?
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.