Don’t invest unless you’re prepared to lose all the money you invest. This is a high‑risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
How to Set Up a CoinJar Account for Your Company in the United Kingdom
You can set up a CoinJar account for your company or business entity. Here are the steps you can follow to achieve this.
In this article...
- You CAN open a CoinJar account with a business or entity
- This is a different process to opening an individual account
- Here's what you need to know.
If you're interested in buying or managing crypto through a company, CoinJar makes it possible to open an account under this entity. However, setting up an entity account involves different steps and documents compared to a personal account.
What is an Entity Account?
An entity account allows a business to trade and manage cryptocurrency in the name of that entity, rather than an individual. Please note that some CoinJar features aren't available with entity accounts.
Requirements for the United Kingdom
In the UK, CoinJar supports entity accounts for companies.
Your company must be based in the UK, and you’ll need to submit the following documents:
Memorandum and Articles of Association
Current Shareholders Register
Current Directors Register
Recent company bank statement
Board resolution authorising the CoinJar account
Board resolution authorising trading officers
If available, you should also provide:
3 years of audited accounts, or
Any available audited/unaudited accounts.
To start the UK verification process, submit a Support request so the CoinJar team can assist with digital verification.
How to Create an Entity Account
The sign-up process is as follows:
Register
Create a new CoinJar account using an email address dedicated to your company.
Log in via web browser
Head to the CoinJar website and sign in.
Begin verification
In the “Getting started” section, click ‘Verify your Info’ and hit Continue.
Select entity type
Choose your country (United Kingdom) and account type (Company) and submit.
Complete application
Fill out the required forms and upload your documents.
Application review
Once submitted, your application will show as “in progress” on your account dashboard.
How Long Does Verification Take?
After submission, CoinJar’s Compliance Team manually reviews your application. Typically, you’ll hear back within 10 business days. If more information is needed, they’ll contact you directly.
If you have questions at any stage, reach out to the Support Team.
When Will I Need to Verify My Identity?
If you’re listed as an associate (such as a director), you may be asked to complete personal identity verification. You’ll do this as an individual, even though you’re linked to an entity account.
Need Help?
Our Support Team is ready to assist with any questions about opening an entity account. Contact Support: support@coinjar.com
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Standard Risk Warning: The above article is not to be read as investment, legal or tax advice and it takes no account of particular personal or market circumstances; all readers should seek independent investment advice before investing in cryptocurrencies.
The article is provided for general information and educational purposes only, no responsibility or liability is accepted for any errors of fact or omission expressed therein. Past performance is not a reliable indicator of future results. We use third party banking, safekeeping and payment providers, and the failure of any of these providers could also lead to a loss of your assets.
We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets.
Capital Gains Tax may be payable on profits.
CoinJar's digital currency exchange services are operated in the UK by CoinJar UK Limited (company number 8905988), registered by the Financial Conduct Authority as a Cryptoasset Exchange Provider and Custodian Wallet Provider in the United Kingdom under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, as amended (Firm Reference No. 928767).
In the UK, it's legal to buy, hold, and trade crypto, however cryptocurrency is not regulated in the UK. It's vital to understand that once your money is in the crypto ecosystem, there are no rules to protect it, unlike with regular investments.
You should not expect to be protected if something goes wrong. So, if you make any crypto-related investments, you're unlikely to have recourse to the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service (FOS) if something goes wrong.
The performance of most cryptocurrency can be highly volatile, with their value dropping as quickly as it can rise. Past performance is not an indication of future results.
Remember: Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
UK residents are required to complete an assessment to show they understand the risks associated with what crypto/investment they are about to buy, in accordance with local legislation. Additionally, they must wait for a 24-hour "cooling off" period, before their account is active, due to local regulations. If you use a credit card to buy cryptocurrency, you would be putting borrowed money at a risk of loss.
We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets.
Your information is handled in accordance with CoinJar’s Privacy Policy.
Cryptoassets traded on CoinJar UK Limited are largely unregulated in the UK, and you are unable to access the Financial Service Compensation Scheme or the Financial Ombudsman Service.
We use third party banking, safekeeping and payment providers, and the failure of any of these providers could also lead to a loss of your assets.
We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets. Capital Gains Tax may be payable on profits.
CoinJar’s digital currency exchange services are operated in the UK by CoinJar UK Limited (company number 8905988), registered by the Financial Conduct Authority as a Cryptoasset Exchange Provider and Custodian Wallet Provider in the United Kingdom under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, as amended (Firm Reference No. 928767).
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