possible Exchanges


I (Merchant) started to chat with krakens support to ask a few first questions, will try to gather the info here.


A business account with Pro limits 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 Kraken account from your business bank account, 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. If you would like to transfer funds to and from your personal bank account, while still enjoying many of the benefits that come with a business account, then a Personal account with Pro limits may be right for you.

Trading fees: Trading fees are the same for Business and Personal accounts, but Kraken’s 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. (→ this means that paying invoices with the acc is impossible and we need a proper bank acc)

How soon is now?

according to krakens support chat, such an acc takes about 2 weeks to be set up once the needed docs are provided

The estimated processing time is five days. 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. During periods of high demand, processing times can be slowed down considerably. If you experience a delay, it doesn't necessarily mean there is something wrong with your application.

KYC and business docs requirements


Individual KYC

For any individuals that maintain significant managerial control over the corporate entity (→ Rule of thumb: everyone who needs access to the account.)