Withdrawing Crypto from a wallet to a Business Bank Account in Europe

[maks23092004]

I accept cryptocurrency payments for my services and have a registered company in Poland. However, since Binance left the market, I've been struggling to find a reliable way to convert crypto into fiat and withdraw the fund directly to my company's bank account.

White exchange or crypto-to-fiat services would you recommend trying for business use?

Another issue is my residence permit application, which is still pending. Many exchanges have rejected my application because they don't accept the stamp in my passport confirming that my residence permit application is being processed, even though it allows me to legally stay in Poland while I wait for a decision.

Has anyone faced a similar situation ? I'd appreciate recommendations based on personal experience.

 

[Nikolaos]

I accept cryptocurrency payments for my services and have a registered company in Poland. However, since Binance left the market, I've been struggling to find a reliable way to convert crypto into fiat and withdraw the fund directly to my company's bank account.

White exchange or crypto-to-fiat services would you recommend trying for business use?

Another issue is my residence permit application, which is still pending. Many exchanges have rejected my application because they don't accept the stamp in my passport confirming that my residence permit application is being processed, even though it allows me to legally stay in Poland while I wait for a decision.

Has anyone faced a similar situation ? I'd appreciate recommendations based on personal experience.

Etoro may be able to solve that problem but you need to have an EU ethnicity. What I mean is that you can transfer crypto from any wallet/exchange to etoro, convert it to fiat and then send it to your bank account.

 

[sam2026]

Have you been able to try Bybit?

 

[Cyb3rVolt3x]

I use Kraken for business SEPA withdrawals - they accepted my Polish company registration and let me convert crypto to fiat without needing a residence stamp. If an exchange rejects the stamp, try Bitstamp and supply a utility bill as address proof instead.

 

[Alice9090]

Since you have a registered company in Poland, I'd look for an exchange that offers business accounts rather than using a personal one. The residence permit issue might be worth discussing directly with their compliance team. Some providers may accept other documents to confirm your legal stay and company details.

 

[rgwadulw]

Btw how did you get poland business account i guess you are not from there lol. You can try bybite since they offer cards and you cans spend your crypto that way you dont need anymore to withdraw to your bank...... that is a big plus i think and are other services like these where they offer cards and you can spent the money from there

 

[tatova]

Kraken is what I’d go with, you can quite easily create a business account, I know that Coinbase also has that possibility but they support less countries so depends on your region.

I use kraken myself, as a personal account.

 

[maks23092004]

I use Kraken for business SEPA withdrawals - they accepted my Polish company registration and let me convert crypto to fiat without needing a residence stamp. If an exchange rejects the stamp, try Bitstamp and supply a utility bill as address proof instead.

Unfortunately, Kraken didn't approve my verification. Does Bitstamp have a SEPA license or support SEPA withdrawals for business accounts ? I'm looking for a reliable option for withdrawing crypto to ma Polish company bank account.

 

[chikura]

Does Bitstamp have a SEPA license or support SEPA withdrawals for business accounts

Yes they do, but I’m pretty sure you’ll have the same issues with passing their KYC/KYB checks fud to your documents being temps. Kraken is most likely the most lenient platform when it forms to verifications and if they denied your application it’s going to be a pretty hard one.

 

[Tiktiki]

I use Kraken business, verify with my company registration and withdraw fiat to a Polish IBAN.
Bitstamp took a scanned residence permit for KYC, so it worked for my Polish company.

 

[klutzynote]

I accept cryptocurrency payments for my services and have a registered company in Poland. However, since Binance left the market, I've been struggling to find a reliable way to convert crypto into fiat and withdraw the fund directly to my company's bank account.

White exchange or crypto-to-fiat services would you recommend trying for business use?

Another issue is my residence permit application, which is still pending. Many exchanges have rejected my application because they don't accept the stamp in my passport confirming that my residence permit application is being processed, even though it allows me to legally stay in Poland while I wait for a decision.

Has anyone faced a similar situation ? I'd appreciate recommendations based on personal experience.

Try and get a business kraken or Revolut Business account. It is easier this way. I always buy my kraken accounts from verifyhub. net then apply for crypto cards especially on Revolut then spend with it. Good luck

 

[maks23092004]

Btw how did you get poland business account i guess you are not from there lol. You can try bybite since they offer cards and you cans spend your crypto that way you dont need anymore to withdraw to your bank...... that is a big plus i think and are other services like these where they offer cards and you can spent the money from there

I'm actually from Poland. Before the new MiCA rules cam into effect, it was much easier to operate with Binance here. Unfortunately, things have become more complicated since then.