Key Takeaways
- You CAN open a CoinJar account with a business or entity
- This is a different process to opening an individual account
- Here's what you need to know.
If you're interested in buying or managing crypto through a company, CoinJar makes it possible to open an account under this entity. However, setting up an entity account involves different steps and documents compared to a personal account.
What is an Entity Account?
An entity account allows a business to trade and manage cryptocurrency in the name of that entity, rather than an individual. Please note that some CoinJar features aren't available with entity accounts.
Requirements for the United Kingdom
In the UK, CoinJar supports entity accounts for companies.
Your company must be based in the UK, and you’ll need to submit the following documents:
Memorandum and Articles of Association
Current Shareholders Register
Current Directors Register
Recent company bank statement
Board resolution authorising the CoinJar account
Board resolution authorising trading officers
If available, you should also provide:
3 years of audited accounts, or
Any available audited/unaudited accounts.
To start the UK verification process, submit a Support request so the CoinJar team can assist with digital verification.
How to Create an Entity Account
The sign-up process is as follows:
Register
Create a new CoinJar account using an email address dedicated to your company.
Log in via web browser
Head to the CoinJar website and sign in.
Begin verification
In the “Getting started” section, click ‘Verify your Info’ and hit Continue.
Select entity type
Choose your country (United Kingdom) and account type (Company) and submit.
Complete application
Fill out the required forms and upload your documents.
Application review
Once submitted, your application will show as “in progress” on your account dashboard.
How Long Does Verification Take?
After submission, CoinJar’s Compliance Team manually reviews your application. Typically, you’ll hear back within 10 business days. If more information is needed, they’ll contact you directly.
If you have questions at any stage, reach out to the Support Team.
When Will I Need to Verify My Identity?
If you’re listed as an associate (such as a director), you may be asked to complete personal identity verification. You’ll do this as an individual, even though you’re linked to an entity account.
Need Help?
Our Support Team is ready to assist with any questions about opening an entity account. Contact Support: support@coinjar.com
CoinJar
CoinJar is one of the longest-running cryptocurrency exchanges in the world. Since 2013, we’ve helped hundreds of thousands of people worldwide to buy, sell and spend billions of dollars in Bitcoin, Ethereum and dozens of other cryptocurrencies.
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