A business account is designed for those who would like to trade for business purposes or on behalf of a business entity. If you would like to fund your account from your business bank account, or a business crypto wallet, then a business account could be right for you. 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.

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

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

Crypto deposits and withdrawals may only come from or go to external wallets possessed by your business. Crypto funding should not involve a third party. (ex. business client wallets).

Document requirements: In order to apply for a business account, you will need to provide valid business documents and personal documents. To make sure you have all of the documents ready before you apply, review this article. For more details visit: KYC for business accounts

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

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.

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: 

*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 documents, you will also be asked to provide personal identifiable information (i.e. name, address, email address, phone number, SSN) and personal verification documents for:

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:

To operate as a trading platform, 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 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.

Due to current volumes, your application may take two weeks or more to process.

To speed up processing, please provide all documents that are requested in the application form. Verification times can increase pending any additional information or documentation that may be requested by our team.

We can only begin processing your application when all of the required documents have been received.

Yes, you can use your company credit or debit card to fund your Business account with Pro limits. Please note that standard credit and debit card transaction limits apply. Please checkout our Credit & Debit Card FAQ to learn more.

No, you cannot transfer funds between your business and personal accounts.

If you have a personal account that has already been verified, you may be able to convert it to a business account if you have no transaction history on the account. To request an account conversion, please submit a request to our Support team.

If you mistakenly applied for the wrong account type (i.e. you applied for a personal account but would like to apply for a business account instead, or vice-versa) you may be able to convert your account to the correct type if you have no transaction history on the account. To request an account conversion, please submit a request to our Support team.