Operational account for Polish Crypto exchange

[Kimi]

Hi everyone,

I am looking to open a regular operational account (SEPA, swift if possible) preferably in the EU for a company licensed in Poland.
The company has a certificate of registration for virtual currency activities.
Business activity is Crypto exchange, trading, and digital wallet.
Since this is a new company just registered last year, it does not have any operational accounts.
We applied with Mistertango, Finductive, Paysera, Payally, Narvi, ModulR (but they want a set up fee of 10K a month with 5K monthly fee-crazy), but no luck so far

Any ideas?

Thanks

 

[TheCryptoAnt]

Try Bankera, or Zen.

Zen started working with Bybit for EUR tx 'recently'.

ADVCash will open you an account by next week too. I know its not perfect but for crypto its great.

but they want a set up fee of 10K a month with 5K monthly fee-crazy

I dont think its that high tbh, crypto fees will pay for this in no time.

Share a link to your exchange pls.

 

[diatessaron]

Off-topic: What rates did Modulr have? Anything specific?

 

[Kimi]

Off-topic: What rates did Modulr have? Anything specific?

We saw the rates I mentioned and immediately gave up ) I do not however remember other rates in particular, it as a few months ago.

 

[AlexPCS]

Hi everyone,

I am looking to open a regular operational account (SEPA, swift if possible) preferably in the EU for a company licensed in Poland.
The company has a certificate of registration for virtual currency activities.
Business activity is Crypto exchange, trading, and digital wallet.
Since this is a new company just registered last year, it does not have any operational accounts.
We applied with Mistertango, Finductive, Paysera, Payally, Narvi, ModulR (but they want a set up fee of 10K a month with 5K monthly fee-crazy), but no luck so far

Any ideas?

Thanks

We have positive experience with major polish banks + exchanges like kraken, exmo, binance. However here I am talking about personal accounts. Have you tried opening usual corporate bank account in a polish bank and then setup a corporate crypto exchange account?

 

[TheCryptoAnt]

Another option is to open an UAB in LT and get an EMI license

 

[cosmosresident]

Another option is to open an UAB in LT and get an EMI license

but he will need 350,000 capital with LT EMI License. Not so a good option. There are a lot of EMIs and Distributors which can onboard you as you have a license and offer you both and operation account and c2b account.

 

[CyprusLawyer101]

Hi everyone,

I am looking to open a regular operational account (SEPA, swift if possible) preferably in the EU for a company licensed in Poland.
The company has a certificate of registration for virtual currency activities.
Business activity is Crypto exchange, trading, and digital wallet.
Since this is a new company just registered last year, it does not have any operational accounts.
We applied with Mistertango, Finductive, Paysera, Payally, Narvi, ModulR (but they want a set up fee of 10K a month with 5K monthly fee-crazy), but no luck so far

Any ideas?

Thanks

Is this for own funds trading or it will be providing exchange services to third parties ?

 

[TheCryptoAnt]

but he will need 350,000 capital with LT EMI License. Not so a good option. There are a lot of EMIs and Distributors which can onboard you as you have a license and offer you both and operation account and c2b account.

word but he running a crypto exchange. Fees come in hot.

 

[Forester]

Hi everyone,

I am looking to open a regular operational account (SEPA, swift if possible) preferably in the EU for a company licensed in Poland.
The company has a certificate of registration for virtual currency activities.
Business activity is Crypto exchange, trading, and digital wallet.
Since this is a new company just registered last year, it does not have any operational accounts.
We applied with Mistertango, Finductive, Paysera, Payally, Narvi, ModulR (but they want a set up fee of 10K a month with 5K monthly fee-crazy), but no luck so far

Any ideas?

Thanks

If your certificate of registration can be treated as some kind of licence (it's not clear to me), you can go well with Intergiro, but only for SEPA (they are not able to offer SWIFT to crypto companies).
Zen is a good option, too. Perhaps less solid than Intergiro but I guess you can obtain SWIFT and you need not to be specially licensed.
What about Bunq?
Or, if you have some ambitions and something reasonable to deposit, SEBA Bank is worth to consider.

P.S. I am also not surprised by Modulr fees, they target at institutional clients (e.g. backing Revolut) and in this context it is really not much.

 

[Cons Mark]

Hi everyone,

I am looking to open a regular operational account (SEPA, swift if possible) preferably in the EU for a company licensed in Poland.
The company has a certificate of registration for virtual currency activities.
Business activity is Crypto exchange, trading, and digital wallet.
Since this is a new company just registered last year, it does not have any operational accounts.
We applied with Mistertango, Finductive, Paysera, Payally, Narvi, ModulR (but they want a set up fee of 10K a month with 5K monthly fee-crazy), but no luck so far

Any ideas?

Thanks

You can try Bankera and/or Payset.

 

[Kimi]

If your certificate of registration can be treated as some kind of licence (it's not clear to me), you can go well with Intergiro, but only for SEPA (they are not able to offer SWIFT to crypto companies).
Zen is a good option, too. Perhaps less solid than Intergiro but I guess you can obtain SWIFT and you need not to be specially licensed.
What about Bunq?
Or, if you have some ambitions and something reasonable to deposit, SEBA Bank is worth to consider.

P.S. I am also not surprised by Modulr fees, they target at institutional clients (e.g. backing Revolut) and in this context it is really not much.

Hi, thanks for a very good reply. Can you please share Zen's website, I am stuck as I never heard about them?

 

[Forester]

Hi, thanks for a very good reply.

You are welcome.

Can you please share Zen's website, I am stuck as I never heard about them?

It's really straightforward: Home