Banking & Exchange Setup
- Which exchanges work for LLC accounts if I’m in New York, and what are the setup fees?
- What business type should I select on Kraken for a digital asset LLC, and what NAICS codes are appropriate?
- What documents do I need to upload when setting up a business exchange account, and why should I exclude Schedule 3 (capital contributions) but include Schedule 1 (ownership percentage)?
- What address do I give exchanges when they ask for “principal operating address” versus business address?
- Why do I need to “season” my bank accounts before price appreciation, and what happens if I suddenly deposit large crypto proceeds into a personal account with no transaction history?
- Why do banks refuse to open accounts for crypto-related businesses, what NAICS codes should I use when talking to banks, and which banks are currently crypto-friendly?
- How do I open a crypto-friendly bank account for my Wyoming LLC, which banks work best, and can your team help with this?