How do I open a business account?

Bitonic offers the option to open a business account, allowing your company to easily buy, sell, store, and save Bitcoin (BTC). The onboarding process is quick and usually completed within 1 to 3 business days.

1. Start the Verification Process

Visit our verification page and select ‘Business’. Enter your email address and IBAN.

To open a business account, you must:
- Be at least 18 years old and authorized to act on behalf of the company.
- Not fall under the legal classification of a ‘US person’.
- Accept our terms and conditions and privacy policy.

2. Verify Your Email and Phone Number

Enter the code sent to your email to confirm your email address. Then, enter the code sent via SMS to verify your phone number.

3. Enter Your Company Details

Provide your company information exactly as listed in the Trade Register Extract from the Chamber of Commerce (KvK). Also indicate how much Bitcoin your company expects to buy or sell monthly.

4. Add the Representative’s Information

Enter the details of the person legally authorized to represent the company. This authority is outlined in official documents such as the KvK extract, articles of association, partnership agreement, or a power of attorney.

You will need the representative's passport details. Specify their role within the company and select all applicable positions, for example, ‘sole shareholder and director.’

5. Add Shareholder(s) and Ultimate Beneficial Owner(s) (UBO)

If there are multiple shareholders or UBOs, add their information. You can choose between a legal entity (company) or a natural person.

For more information about UBOs, visit the KvK website.

6. Complete the Business Activities Questionnaire

Provide a clear and detailed explanation of the company’s activities. This helps prevent additional questions and speeds up the verification process.

7. Upload the Required Documents

Make sure you have the following documents ready:
- KvK extract (issued within the last three months)
- Articles of association (deed of incorporation)
- Shareholder register
- Organizational chart
- Passport(s) of the representative(s)

Ensure all documents are clear and of high quality to avoid delays.

8. Confirm the Business Verification

On the final screen, you will confirm that all provided information is accurate and complete. You also agree to inform Bitonic of any significant changes, such as:
- Changes in ownership structure, management, or UBOs
- Status as a ‘US Person’
- Significant changes in the products/services offered or target markets

Once all steps are completed, we will review your application and finalize the activation of your business account.

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