Banking & Exchange Setup Archives - Digital Ascension Group
Banking & Exchange Setup
Which exchanges work for LLC accounts if I’m in New York, and what are the setup fees?
Last Updated: January 22, 2026Opening Exchange Accounts for Your LLC in New York New York makes everything harder with crypto. The state requires exchanges to get a BitLicense before they can operate there, and most exchanges have decided New York isn’t worth the regulatory...
What business type should I select on Kraken for a digital asset LLC, and what NAICS codes are appropriate?
Last Updated: January 22, 2026How to Fill Out Kraken’s Business Account Application Without Getting Flagged Kraken’s business account application has dropdown menus that determine whether you get approved or stuck in compliance review for weeks. Pick the wrong category and you’re explaining yourself to...
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)?
Last Updated: January 22, 2026What Documents Exchanges Actually Need (And What to Keep Private) You’re setting up a business account on a crypto exchange. They want documentation to verify your LLC is legitimate. You’re looking at your operating agreement wondering which schedules to upload...
What address do I give exchanges when they ask for “principal operating address” versus business address?
Last Updated: January 22, 2026Business Address vs. Principal Operating Address on Exchange Forms You’re filling out KYC paperwork for a crypto exchange. They ask for your business address. Two lines down, they ask for your principal operating address. You stare at the form wondering...
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?
Last Updated: January 22, 2026Why You Need to Season Bank Accounts Before Crypto Gains Hit You bought crypto when Bitcoin was at $15,000. Now it’s at $95,000 and you’re sitting on six figures in unrealized gains. You’re thinking about cashing out some profits. If...
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?
Last Updated: January 23, 2026Why Banks Reject Crypto Businesses (And How to Fix It) Your Wyoming LLC is formed. Your business plan is solid. You apply for a bank account and get rejected. Then rejected again. The bank won’t even tell you why, just...
How do I open a crypto-friendly bank account for my Wyoming LLC, which banks work best, and can your team help with this?
Last Updated: January 22, 2026Banking & Exchange Setup for Your Wyoming LLC You formed a Wyoming LLC for crypto. Smart move for privacy and asset protection. Now you need a bank account that won’t slam the door in your face the moment you mention...