Business friendly crypto exchange?

My company has accounts with 3 crypto exchanges of which 2 are major brands and the other a local. In every case we had to jump through extra hoops for KYC, etc. But I can’t say its been a great experience. Our local exchange is a bit limited and the majors are not what I would call “business-friendly”. I see there are a bunch to choose and I am seeking feedback.

No affiliate links please. Also bear in mind this enquiry is for an incorporated company. Personal experience may not reflect that of a business account so I need feedback from people who have worked through this issue.

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What king of features you are pursuing?

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Much the same stuff as Binance and other majors do but without the SWIFT only payment hassle.

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Not sure if you were unhappy because KYC was difficult and you didn’t get finished, or you did the KYC but were not happy with the exchange. I use Gemini for cash purchases and most swaps. For coins not traded on Gemini I swap coins I do have for other coins on Coinex which does not require KYC if swapping coins for coins. Their withdraw limit with no KYC is $ 10,000 a day in value. You can swap any amount but can withdraw $10K daily. Gemini does not have withdrawl fees, Coinex fees are low.

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The KYC is quite a bit of work but got my business through that and “verified” to the highest trading limits level.

The issue is I then discover 2/3 of the exchanges they only accept payment through SWIFT. Which sucks, quite frankly.

Not after no-KYC. Want a good neighbourhood.

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Gemini accepts wired money or if it is a US based Bank does an ACH transfer from your checking account which involves no banker participation. They allow me to move $25,ooo a day and can trade it immediately. About a 5 day hold on position until able to transfer it out. Your bank will tell you what the limit is on your account for ACH transfers in a one month cycle.

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Thanks for that. Is yours a business account in a company name with payments from a business account?

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I opened it as a personal account.

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So far everything I have seen shows business accounts are treated differently.

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I have finally managed to solve this issue. It just took a lot longer then I would have liked.

But I thought I would follow up this thread because I had a Zoom conversation with a representative of “Huobi Global” tonight, and I would have to say their approach and attitude was incredibly rude.

I recommend other people avoid them.

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The solution is to use the 1720 network in your Ledger nano S and then open the Metamask extension in chrome (or firefox), then select the 1720 network, and then select the “Legacy dApp Browser” at the bottom of the dropdown menu.

You will then be able to access the “Huobi Wallet” and select the “Huobi Global” option.

I hope this helps some of you.

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Since you are looking for an exchange that offers payment methods other than Swift, you can try Capitalwallet. They allow bankwire and digital currencies.

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To help you determine the best crypto exchanges in terms of important aspects, we have written an article. You can check out the article at hivelance website

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