Cryptocurrency trading is no longer limited to individual investors. With the growing adoption of digital assets, more businesses are exploring ways to enter the crypto market through corporate accounts. Bybit, one of the leading cryptocurrency exchanges, supports corporate account registration—offering enhanced withdrawal limits, tax efficiency, and institutional-grade security. This guide walks you through the entire process of opening a corporate account on Bybit, understanding tax implications, and ensuring compliance.
Whether you're a startup investing in Bitcoin (BTC), an NFT-focused firm, or a fintech company diversifying into digital assets, setting up a corporate account can streamline operations and improve financial planning. Let’s dive into the key steps and considerations.
Step-by-Step: How to Open a Corporate Account on Bybit
Opening a corporate account on Bybit is simpler than many expect. Unlike some exchanges that don’t support business entities, Bybit allows corporations to register using the same interface as individual users. There’s no separate “corporate registration” page—instead, you begin with personal sign-up and later upgrade your profile.
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Here’s how:
- Register an Account
Visit the Bybit website or app and complete standard user registration with your email and password. - Complete Identity Verification (KYC)
Submit government-issued ID and proof of address to verify your identity at Level 1 or higher. - Change Your Username to a Legal Entity Name
After logging in, click your avatar in the top-right corner → select Account & Security → edit your nickname field and enter your official company name. - Submit Corporate Documentation
Navigate to the verification section and upload required business documents (detailed below).
Once approved, your account will be recognized as a corporate entity within the platform.
Required Corporate Documents for Verification
To confirm legitimacy, Bybit requires comprehensive documentation. Ensure all files are clear, valid, and in PDF, JPEG, or PNG format.
- Certificate of Incorporation – Official registration document from your jurisdiction.
- Articles of Incorporation – Outlines company structure and governance.
- Latest Shareholder List – Must reflect current ownership.
- Latest List of Officers – Includes directors and executive roles.
Ultimate Beneficial Owner (UBO) Information
- UBO Name
- UBO Nationality
- If multiple UBOs exist, include all individuals holding 25% or more equity.
Proof of Identity (POI) for Officers
- Government-issued ID (passport, national ID)
Proof of Address (POA)
- Utility bill or bank statement issued within the last 3 months
Organization Chart (Optional)
- Recommended for larger firms to clarify hierarchy
All documents must match the registered business name. Inconsistencies may delay approval.
Higher Withdrawal Limits for Corporate Accounts
One major advantage of upgrading to a corporate account is increased liquidity access. Verified corporate users enjoy significantly higher daily withdrawal limits compared to personal accounts.
- KYC Level 1: Up to $1 million USDT per day | Monthly: Unlimited
- KYC Level 2: Up to $2 million USDT per day | Monthly: Unlimited
- KYC Level 3: Up to $2 million USDT per day | Monthly: Unlimited
These elevated limits make it easier for businesses to manage large-scale transactions, rebalance portfolios, or distribute funds across departments without bottlenecks.
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Why Use a Corporate Username?
Using your legal business name as your username isn’t just symbolic—it strengthens audit trails and reinforces transparency during tax filings. When profits and losses are recorded under a registered entity, it becomes easier to justify crypto activities as legitimate business operations rather than personal speculation.
Additionally, having a clearly identified corporate presence enhances credibility when interacting with partners, auditors, or regulators.
Tax Implications: Corporate vs. Personal Crypto Accounts
Understanding tax treatment is crucial before transitioning to a corporate structure. The differences can significantly impact profitability and long-term strategy.
Profit and Loss Aggregation
Individual traders cannot offset crypto gains with losses from other business activities. However, corporate accounts allow full aggregation of profits and losses across all revenue streams. This means if your company incurs a loss in crypto trading, it can reduce taxable income from other operations—potentially lowering your overall tax burden.
Deficit Carryforward: A Long-Term Advantage
Losses realized in a corporate account can be carried forward for up to 10 years, subject to local regulations. This feature offers strategic flexibility—if your firm experiences volatile market conditions, past losses can offset future gains, deferring tax liabilities.
In contrast, personal accounts typically offer no such provision.
Registration and Maintenance Costs
While corporations benefit from favorable tax treatments, they also face additional costs:
- Business registration fees
- Annual reporting requirements
- Mandatory payment of local taxes (e.g., inhabitant tax), even during unprofitable periods
These ongoing expenses should be weighed against potential tax savings.
Important Compliance Considerations
Even with a verified corporate account on Bybit, final classification depends on your local tax authority—not the exchange.
Determined by the Tax Office
Bybit enables corporate registration, but your jurisdiction’s tax office decides whether your activity qualifies as corporate or personal. Simply naming your account after a company doesn’t automatically grant tax benefits. You must operate the account in alignment with corporate governance—maintaining proper books, conducting regular audits, and demonstrating genuine business intent.
Deposit and Withdrawal Must Match Corporate Name
All incoming and outgoing transactions must originate from or go to wallets or bank accounts under the same legal entity name. For example:
- If depositing via bank transfer, the sender must be your registered company.
- Crypto withdrawals must go to a wallet controlled by the corporation.
Mismatched names may result in rejected transactions or compliance flags.
Income Classification: Business vs. Miscellaneous
Profits from crypto trading under a corporate account are generally treated as business income, not miscellaneous income. This distinction matters because:
- Business income allows deductions for related expenses (e.g., software, subscriptions, electricity).
- It falls under corporate tax rates, which may be lower than personal income tax brackets.
However, misclassification can lead to penalties. Always consult a licensed tax professional before filing.
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Frequently Asked Questions (FAQ)
Q: Can any company open a corporate account on Bybit?
A: Most registered businesses can apply, but approval depends on jurisdiction and document validity. Entities in restricted regions may not qualify.
Q: Do I need to pay to open a corporate account?
A: No direct fee is charged by Bybit for account creation. However, business registration and legal setup involve third-party costs.
Q: Can I switch back from a corporate to a personal account?
A: While possible, reversing this change may require re-verification and could affect transaction history continuity.
Q: Are there special fees for corporate trading?
A: No—corporate users enjoy the same competitive fee structure as retail traders, including maker-taker models and volume-based discounts.
Q: Is two-factor authentication (2FA) mandatory for corporate accounts?
A: Strongly recommended. While not always mandatory, enabling 2FA enhances security for high-value business accounts.
Q: Can multiple team members access the corporate account?
A: Yes—though Bybit does not natively support sub-accounts, you can use API keys with restricted permissions for team access under supervision.
Final Thoughts
Opening a corporate account on Bybit offers tangible benefits: higher withdrawal limits, better tax planning, and institutional credibility. However, success hinges on proper documentation, consistent compliance, and alignment with local tax laws.
As the crypto landscape evolves in 2025, businesses that adopt structured approaches will gain a strategic edge—turning digital asset investments into sustainable growth engines.
By combining robust platform features with sound financial practices, your corporation can confidently navigate the world of cryptocurrency trading.