Best Business Crypto Accounts

The best business crypto accounts offer secure transactions, low fees and excellent customer service. Get started with Coinbase or Interactive Brokers.

In today’s fast-paced digital economy, businesses need financial solutions that meet their evolving needs. Crypto accounts designed specifically for businesses offer seamless transactions, enhanced security and access to a global marketplace. Whether you’re a startup or a large corporation, finding the right crypto account can give you a competitive edge. Read on to discover the best options for efficiently and confidently managing your business’s cryptocurrency.

Quick Look at the Best Business Crypto Accounts:

• Best for Beginners: Coinbase
• Best for Low-Cost Trading: Interactive Brokers
• Best for Institutional Features: Gemini
• Best for User-Friendly Trading: Robinhood
• Best for Business Crypto Accounts: Kraken
• Best for Strategy Tools: ICONOMI
• Best for Versatility: Wirex
• Best for Security: Paybis

Best Business Crypto Accounts

Here is the list of the best crypto exchanges for businesses in 2024:

1. Best for New Investors: Coinbase

Founded in 2012, Coinbase has emerged as one of the most popular cryptocurrency trading and storage platforms. Known for its intuitive interface, robust security measures and a broad selection of over 240 cryptocurrencies, Coinbase is a solid choice for businesses seeking a reliable crypto account. The platform offers business-friendly features such as Coinbase Invoices, allowing companies to seamlessly send invoices and accept crypto payments from clients. Coinbase simplifies crypto management for businesses entering the digital asset space with a hassle-free setup and transparent processes.

Key Business-Specific Features

• Coinbase Invoices: This feature enables businesses to issue professional invoices that clients can pay with cryptocurrency, offering a modern, global payment solution.
• Secure Storage: Coinbase's insured wallets and offline cold storage options provide peace of mind for businesses handling large volumes of crypto assets.
• Crypto Staking: Businesses can earn up to 12% APY on eligible assets, creating an additional revenue stream.
• Beginner-Friendly Platform: Designed for ease of use, Coinbase is ideal for businesses new to cryptocurrency, with straightforward navigation and accessible support.

How It Works
Coinbase allows businesses to set up accounts for trading, receiving and storing cryptocurrencies. Through its invoicing system, businesses can accept payments in multiple crypto options, converted into fiat currency if desired. The platform's transparent fee structure – from 0% to 3.99% – ensures clarity in every transaction.

Why We Picked It: Coinbase’s commitment to user-friendly features and secure infrastructure makes it a standout choice for businesses, particularly those new to cryptocurrency. With its beginner-friendly interface and innovative invoicing tool, Coinbase bridges the gap between traditional payment methods and blockchain technology.

2. Best for Active and Global Traders: Interactive Brokers

Interactive Brokers (IBKR) entered the cryptocurrency space in 2021, bringing its reputation for low fees and robust trading tools to digital assets. The platform provides businesses seamless access to major cryptocurrencies like Bitcoin, Ethereum, Litecoin and Bitcoin Cash, combining its expertise in traditional markets with modern crypto solutions. While IBKR lacks features like staking or crypto-crypto trading pairs, it excels in low trading costs, strong security protocols and withdrawal flexibility, making it an attractive option for businesses seeking a cost-efficient crypto account.

Key Business-Specific Features

• Low Trading Fees: IBKR charges only 0.12% to 0.18% of trade value with no additional spreads, markups or custody fees. Fees are capped at 1%, with a minimum of $1.75 per order.
• Secure Transactions: Crypto trades are executed through regulated entities such as Paxos Trust Company and Zero Hash LLC, ensuring compliance with strict U.S. financial regulations.
• Direct Wallet Withdrawals: Unlike many traditional brokers, IBKR allows businesses to withdraw cryptocurrencies to their wallets, enhancing asset control and flexibility.
• 24/7 Trading Access: Businesses can trade cryptocurrencies anytime, accommodating global operations and responding to market volatility.

How It Works

Businesses can use their IBKR accounts to trade cryptocurrencies via Paxos Trust Company and Zero Hash LLC partnerships. By integrating digital asset trading into its well-established platform, IBKR allows businesses to manage crypto alongside stocks, ETFs and other financial instruments. The streamlined fee structure minimizes costs while ensuring price transparency. Additionally, robust security features protect users, with oversight from FinCEN and the New York Department of Financial Services.

Listmaker of Benzinga's FinTech Awards for Best Day Trading Software, Best Broker for Short Selling & Winner for Best Paper Trading Platform.

Why We Picked It: Interactive Brokers stands out for its low-cost trading model and regulatory safeguards, offering businesses a secure and efficient way to incorporate cryptocurrencies into their financial strategies.Although IBKR does not support advanced crypto-specific functionalities like staking, its low fees, withdrawal options and commitment to security make it a dependable choice for businesses entering the crypto market.

3. Best for Easy Onboarding: Gemini

Gemini is a trusted cryptocurrency platform known for its strong security measures, diverse digital assets and tools catering to individual and institutional investors. Founded with a "security-first" approach, Gemini offers over 80 cryptocurrencies, hundreds of trading pairs and services like staking, NFTs and institutional-grade portfolio management. Its user-friendly interface makes it accessible for beginners, while advanced tools like ActiveTrader and Gemini Institutional provide sophisticated features for experienced investors and businesses.

Key Business-Specific Features

• Gemini Institutional: Designed for businesses and institutional investors, this service provides advanced charting tools, multiple order types and secure portfolio management. Features like Gemini Custody protect cold storage with multi-signature technology and role-based governance.
• ActiveTrader Platform: This platform offers high-speed order execution, deep order books and real-time market tracking for businesses needing rapid, strategic trading.
• Staking and Earning Programs: Businesses can earn staking rewards on select cryptocurrencies, with rates like 3.58% APR for Polygon and 3.57% APR for Ethereum.
• eOTC Platform: Enables institutional clients to access real-time price visibility and execute large trades with minimal market impact.
• NFT Marketplace: Through Nifty Gateway, businesses can trade, store and display NFTs, diversifying their digital asset portfolios.

How It Works

Gemini provides a seamless trading experience through its web and mobile platforms. Businesses can strategize investments using tools like recurring buys, price alerts and detailed market research. The platform’s ActiveTrader feature supports sophisticated trading strategies with APIs and market comparison tools. For institutional clients, Gemini Institutional delivers customizable account management with secure custody options and the ability to appoint specific roles like managers and auditors.

All assets are stored securely, with the majority held in offline cold storage. Accounts feature two-factor authentication, providing enhanced security against unauthorized access.

Why We Picked It: Gemini’s combination of institutional-grade tools, regulatory compliance and advanced security protocols makes it an excellent choice for businesses seeking a reliable crypto account. However, Gemini’s fees are relatively high and its complex structure may deter cost-sensitive users. However, its advanced tools and security-first ethos outweigh these drawbacks for many crypto business clients.

4. Best for Stocks and Crypto: Robinhood

Robinhood is a U.S.-based financial services platform that gained prominence for its zero-commission trading model. Known for its user-friendly interface, Robinhood allows businesses and retail investors to seamlessly trade stocks, ETFs, options and cryptocurrencies. Robinhood offers a cost-efficient solution for those entering the crypto market with commission-free trading and no inactivity or withdrawal fees. Although the platform currently supports a limited selection of seven cryptocurrencies, including Bitcoin, Ethereum and Dogecoin, its gradual rollout of crypto wallets adds functionality for businesses managing digital assets.

Key Business-Specific Features

• Zero-Commission Crypto Trading: Businesses can trade cryptocurrencies without incurring additional commission fees, unlike competitors that charge up to 4% of trade value.
• Fractional Crypto Trading: Invest in cryptocurrencies with as little as $1, offering flexibility for businesses testing crypto investments.
• Crypto Wallets: Robinhood has begun rolling out crypto wallets, allowing businesses to store, deposit and withdraw cryptocurrencies like Bitcoin, Ethereum and Dogecoin securely.
• All-in-One Financial Platform: Robinhood integrates crypto trading with traditional financial services like stock and ETF trading, making it a versatile option for businesses managing diverse portfolios.
• Transparent Fee Structure: ACH transactions do not incur inactivity or withdrawal fees, although a $75 fee applies for transferring assets to external accounts.

How It Works

To start trading crypto on Robinhood, businesses must create an account on its mobile or web platform. The process involves:

1. Logging into the platform.
2. Searching for a cryptocurrency.
3. Navigating to the detail page of the selected crypto.
4. Entering the desired purchase amount and confirming the order.

Robinhood’s custodial wallets store crypto assets securely and give users access to private keys. Once the feature is fully available, businesses can transfer their crypto to external wallets for added flexibility.

Why We Picked It: Robinhood’s zero-commission trading, ease of use and expanding business crypto wallet functionality make it an ideal choice for cost-conscious businesses exploring cryptocurrency investments.While Robinhood excels in simplicity and cost-effectiveness, it supports only seven cryptocurrencies and lacks advanced features like staking or crypto-crypto trading pairs. However, its commitment to innovation, including the rollout of crypto wallets, positions it as a competitive crypto business account market player.

5. Best for Cryptocurrency Availability: Kraken

Kraken is a well-established cryptocurrency exchange founded in 2011. It offers a comprehensive platform for buying, selling and trading over 300 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH) and many others. It caters to individual and institutional investors, providing services from basic spot trading to advanced futures trading. The platform is renowned for its user-friendly interface and competitive exchange fees, making it suitable for novice and experienced crypto traders alike. 

For businesses, Kraken provides several features that enhance the experience of managing crypto assets. One standout feature is Kraken Invoices, which allows businesses to create customized invoices to send to customers. This makes it easier for businesses to accept cryptocurrency payments, track transactions and manage their crypto holdings seamlessly. Kraken also supports fiat currencies, including USD, EUR and GBP, facilitating a smooth exchange between crypto and traditional currencies for global businesses. Additionally, Kraken offers staking options, enabling businesses to earn passive income on their crypto holdings by participating in the network security of certain coins.

One key advantage of Kraken is its Kraken Pro platform, which provides lower trading fees and more sophisticated tools for active traders. However, Kraken Pro may be overwhelming for beginners, so the main Kraken platform is a good starting point for those new to crypto. Kraken also emphasizes security, offering two-factor authentication (2FA) and an option for account locks to protect business assets. The platform supports over 300 cryptocurrencies and fiat currencies, offering businesses flexibility and a broad selection of assets.

Why We Picked It: Kraken’s low fees, advanced trading options and features like Kraken Invoices make it an excellent choice for businesses looking to manage crypto transactions efficiently.

6. Best for Businesses Wanting Exposure to Cryptocurrency: ICONOMI

ICONOMI is a comprehensive platform for individual and institutional investors to manage cryptocurrency portfolios efficiently. With over 150 cryptocurrencies and 10,000 pairs to trade, it provides powerful tools to help businesses and institutional investors diversify and manage their digital assets. Whether you're a bank, a family office or an investment fund, ICONOMI offers tailored solutions that streamline investment and trading processes.

One of the standout features of ICONOMI is its crypto strategy management. Businesses can create their own Crypto Strategies or copy strategies from seasoned crypto experts. These strategies allow businesses to diversify their investments, mitigate risk and potentially increase returns. The platform's smart trading engine automates key tasks like portfolio rebalancing, buy/sell price optimization and recurring investments, making it easier for businesses to handle digital assets without constant monitoring.

ICONOMI also offers advanced security protocols, ensuring that users' funds and personal information remain protected from cyber threats. Its business-specific features like affiliate programs and multi-exchange aggregation allow companies to achieve optimal pricing and liquidity for their crypto assets.

For businesses looking to explore the cryptocurrency market, ICONOMI provides a beginner-friendly yet feature-rich environment that allows for seamless integration of digital assets into their portfolios.

Why We Picked It: ICONOMI stands out for its powerful and automated crypto investment platform that simplifies the process for businesses to manage and diversify their crypto portfolios while ensuring ease of use and robust security.

7. Best for Secure Accounts: Wirex

Wirex is a borderless digital payment platform designed to make traditional currencies and cryptocurrencies equally accessible to businesses worldwide. It combines powerful features that streamline crypto payments, secure storage and instant exchanges, making it an ideal solution for businesses looking to manage multiple currency types seamlessly. Whether you're a startup or an established enterprise, Wirex offers a comprehensive business crypto account solution with an intuitive mobile app, a range of payment tools and zero hidden fees.

One feature of Wirex is its ability to support over 150 fiat and cryptocurrencies, enabling businesses to transact globally. Whether you want to pay suppliers in Bitcoin, exchange euros to U.S. dollars or receive payments in Ethereum, Wirex makes it easy. The platform also supports key business-specific features that enable businesses to accept crypto payments for goods and services securely and simply. Additionally, Wirex’s multicurrency accounts allow seamless transactions across a wide range of global currencies, helping businesses manage crypto and traditional funds from a single account.

Key Features:

• Global Payment Support: Wirex allows you to spend and accept over 150 fiat and cryptocurrencies, making it ideal for businesses with international operations.
• Wirex Card: The Wirex card enables you to make payments worldwide at over 54 million locations, using either fiat or crypto. You can also earn up to 8% Cryptoback™ rewards on purchases.
• Business-Specific Tools: Wirex offers tools to help businesses manage payments and multicurrency exchange without extra fees.
• Live In-App Support: Enjoy 24/7 live chat support for quick issue resolution, ensuring smooth transactions.
• X-tras Rewards Program: Businesses can maximize their crypto holdings with rewards like up to 16% interest through X-Accounts and earn Cryptoback™ rewards on purchases.

8. Best for Broad Range of Crypto Assets: Paybis

Paybis is a popular cryptocurrency exchange that offers a reliable platform for businesses to buy, sell and manage digital assets. It stands out as one of the best options for business crypto accounts because of its robust set of features tailored to business needs, including easy integration for payment processing, secure transaction handling and a wide variety of cryptocurrencies available for trading. Paybis supports a seamless, secure payment gateway for businesses, allowing them to accept payments in multiple cryptocurrencies, making it easier for companies to cater to customers who prefer to transact in digital currencies.

Some of Paybis's key business-specific features include its corporate account solutions, which enable businesses to manage their crypto funds effectively, its instant cryptocurrency exchange services and its support for large transactions. Additionally, Paybis offers features such as Invoice integration, which is useful for businesses to issue invoices in cryptocurrency and automate payments. Paybis also provides robust security measures such as two-factor authentication (2FA) and identity verification, ensuring that business transactions are secure and compliant.

The platform's simple interface, combined with its tailored services for businesses, ensures that even companies new to crypto can easily start using it for operational transactions, payments and investments.

Why We Picked It: Paybis is ideal for businesses seeking an easy-to-use, secure platform that supports cryptocurrency payments and offers essential features like multi-crypto support.

How to Choose the Best Business Crypto Account

Choosing the best business crypto account requires careful consideration of several factors to ensure the platform meets your company's needs while prioritizing security, regulatory compliance and cost efficiency. Here's what to focus on when selecting the right account:

• Evaluate security features: Look for platforms offering multi-signature (multi-sig) authentication and cold storage to safeguard digital assets. Additionally, check whether the platform offers insurance coverage to protect your funds in case of a breach, providing peace of mind that your business's assets are secure.
• Verify regulatory compliance and licensing in your jurisdiction: Ensure the platform adheres to local regulations and holds licenses that allow it to operate legally in your jurisdiction. This helps ensure your business complies with financial laws and minimizes the risk of legal issues.
• Check supported cryptocurrencies and trading pairs: Choose a platform that supports the cryptocurrencies your business uses or intends to use. Consider the variety of trading pairs available to ensure you can easily exchange crypto assets as needed and explore if the platform adds new coins regularly to meet evolving business demands.
• Review fee structures: Understand the trading, withdrawal and deposit fees, along with any limits and processing times. Transparent and competitive fee structures will help reduce operational costs, while fast and low-fee transactions ensure your business runs smoothly without unnecessary delays.

Accepting Crypto Payments for Your Business

As cryptocurrencies gain popularity, many businesses are adopting crypto payments to tap into a new consumer base and enjoy benefits like lower transaction fees and faster processing times. Businesses have two main options for accepting crypto payments: direct acceptance and using third-party payment processors.

For direct acceptance, businesses need a digital wallet, either a software wallet (accessible via apps) or a hardware wallet (offline storage for extra security). However, this method requires securely managing private keys. Alternatively, third-party processors like BitPay or Coinbase Commerce handle the technical aspects, including converting crypto into fiat currency instantly, reducing exposure to volatility.

Integrating crypto payments into your business involves registering with a payment processor, adding plug-ins to your website and enabling crypto options at checkout. Compliance with regulations is also crucial – businesses must adhere to anti-money laundering (AML) and know-your-customer (KYC) rules, verifying customer identities and reporting large transactions.

To open a business crypto account, businesses must research payment processors, create an account by providing necessary documentation, configure payment settings and run test transactions to ensure everything functions smoothly. By accepting crypto payments, businesses can attract new customers and enhance their competitiveness in the digital economy.

Pros and Cons of Business Cryptocurrency Accounts

Here are the pros and cons of business cryptocurrency accounts:

Pros

• Lower Transaction Fees: Cryptocurrency payments often have lower fees than traditional credit card transactions, improving profit margins.
• Faster Transactions: Crypto payments can be processed quickly, particularly for international transactions, without the delays associated with traditional banking systems.
• Access to a New Customer Base: By accepting cryptocurrency, businesses can attract a growing demographic of crypto-savvy consumers who prefer digital currencies.

Cons

• Price Volatility: Cryptocurrencies are known for their volatility, which can lead to sudden fluctuations in the value of payments received.
• Regulatory Uncertainty: Cryptocurrency regulations are still evolving and businesses may face challenges navigating compliance requirements in different jurisdictions.
• Security Risks: Despite the advanced security features of crypto wallets, the risk of hacking and fraud remains a concern, requiring businesses to implement robust security measures.

Exploring the Best Business Crypto Accounts

Incorporating cryptocurrency into your business operations can unlock new opportunities, from lower transaction fees to attracting a tech-savvy customer base. While there are risks, such as price volatility and regulatory concerns, the benefits often outweigh the challenges, especially with the right tools and security measures. If you’re ready to stay ahead of the curve, now is the time to explore business crypto accounts. Open an account today and step into the future of finance.

Frequently Asked Questions