How to apply for a 'Corporate Account' on Binance? (Business setup)

Eligibility Requirements for Binance Corporate Account

1. The business must be legally registered in a jurisdiction supported by Binance’s institutional services.

2. A valid business license, certificate of incorporation, or equivalent official document is mandatory.

3. At least one authorized representative must be identified with full KYC-compliant personal identification.

4. Proof of business activity—such as bank statements, tax filings, or audited financial reports—is required for verification.

5. Entities engaged in prohibited activities—including gambling, money transmission without licensing, or unregulated securities offerings—are automatically disqualified.

Document Submission Process

1. Log into your verified Binance account and navigate to the Institutional Services section under “Account”.

2. Select “Corporate Account Application” and choose the appropriate entity type: Limited Liability Company, Corporation, Trust, or Fund.

3. Upload high-resolution scans of all required documents: business registration certificate, articles of incorporation, shareholder register, and proof of physical address.

4. Submit certified translations if any document is not in English or Chinese.

5. Provide a signed letter on company letterhead authorizing the designated representative to act on behalf of the entity.

Verification and Compliance Review

1. Binance’s compliance team conducts an internal risk assessment using global sanctions lists and adverse media screening tools.

2. Ultimate Beneficial Owners (UBOs) holding 25% or more equity must undergo individual KYC verification, including source-of-funds documentation.

3. The corporate structure diagram must be submitted, clearly indicating ownership chains and nominee arrangements.

4. If the business operates in crypto-native sectors—such as mining pools, staking providers, or DeFi protocols—additional operational disclosures are requested.

5. Verification timelines vary between 5–15 business days depending on document completeness and jurisdictional complexity.

Account Activation and Onboarding

1. Upon approval, users receive an email notification with a unique corporate account ID and access credentials.

2. Multi-signature wallet setup is enabled for treasury management, supporting hardware wallet integrations like Ledger and Trezor.

3. API keys are generated with granular permission controls—withdrawal, trading, margin, and sub-account access can be toggled independently.

4. Dedicated institutional support channels become available, including encrypted email and priority ticket escalation.

5. Funds deposited into the corporate account are held in segregated cold storage wallets, distinct from Binance’s operational reserves.

Frequently Asked Questions

Q: Can a sole proprietorship apply for a Binance Corporate Account?A: No. Sole proprietorships are classified as individual entities and must use the standard KYC process. Only formally incorporated legal persons qualify.

Q: Is there a minimum capital requirement to open a corporate account?A: Binance does not enforce a fixed minimum deposit. However, accounts with less than $10,000 in cumulative deposits may face restricted API rate limits and delayed withdrawal processing.

Q: Are offshore companies accepted?A: Yes—if registered in jurisdictions compliant with FATF recommendations and not listed on Binance’s restricted territories list, such as the Cayman Islands, British Virgin Islands, or Singapore.

Q: What happens if a UBO refuses to complete KYC?A: The application is suspended until all UBOs with ≥25% ownership stake fulfill identity and source-of-funds verification. Partial submissions are not accepted.