Given that cryptocurrency is often seen as the opposition of traditional banking and fiat currency, some readers might be surprised that cryptocurrency investors, entrepreneurs, and even cryptocurrency-related projects want to open traditional bank accounts.

But the reality is that having a traditional bank account is usually a requirement to support operations, cover expenses, pay employees, and live in today's world.

At Foster Swiss we seek international solutions in terms of the creation of complex corporate structures such as Financial Companies, Patrimonial Companies, Investment Companies.

As international banking consultants, we offer you alternatives adapted to your needs. Our experts are available to ensure that the company registration meets all your expectations, always adjusting to your interests and future projects.

Unlike opening a traditional fiat bank account, opening an account for cryptocurrencies can mean many different things. Knowing this, it's worth noting that some banks are adapting their own products and services for crypto clients, from direct investments and crypto lending, to supporting the crypto startup ecosystem and providing their own platforms for trading.

Today, only a small number of countries offer a legal framework for cryptocurrency businesses. Estonia is a country where cryptocurrencies are strictly regulated by law.

Therefore, crypto companies in Estonia have full legality of work and are protected by the credibility and stability of government regulations.

It is not possible to open an account in an Estonian bank because none of the Estonian banks work with high-risk companies such as cryptocurrency companies, gambling, among others.

It is also critical to consider that opening and maintaining an account for a company operating within a high-risk industry is more expensive and complicated compared to other business areas. The most challenging part is collecting all the required documents and complying with all regulations.

If you are thinking about opening a cryptocurrency account, but don't know how to get started, please contact our consultants. Foster Swiss can advise you. We help you in practically everything, we provide personalized advice from the moment of choosing the bank that best benefits you, until the opening.

For more information on this topic or any requirement related to our services, you can contact us directly through info@fosterswiss.com