Crypto exchanges with a personal IBAN

[JohnnyDoe]

Here is an alphabetical list of crypto exchanges that offer a personal IBAN. I will update it regularly and indicate those where I had a bad experience.

Why does having a personal IBAN matter?

A personal IBAN makes crypto look normal to the bank. Your name is on the account, so wires don’t get flagged like cartel money.
SEPA transfers become instant, cheap, and painless. No middlemen with excuses.
It’s a good way to build a serious bridge between fiat and crypto without constantly praying you won’t get the “we regret to inform you…” email from your bank.
In short: personal IBAN = crypto under the radar.

• Blockchain.com (they closed my account after years without reason)
• Bybit - you can connect it directly to your ZEN account (10k Eur limit per transaction)
• Crypto.com
• Ka.app
• Keytom
• Kraken
• KuCoin
• Mexc
• Mt Pelerin
• Nash
• Nebeus
• Nexo
• OKX - bad experience with them
• SwissBorg – it used to be good, but like everything Swiss it deteriorated
• Uphold
• Wirex
• Xapo
• Xbo
• YouHodler

 

[Columbus]

What about mexc.com ? I was able to buy crypto and withdraw fiat via sepa transfer seamlessly.

 

[JohnnyDoe]

What about mexc.com ? I was able to buy crypto and withdraw fiat via sepa transfer seamlessly.

I forgot it! I use it rarely but it seems fine. Added to the list.

 

[void]

Here is an alphabetical list of crypto exchanges that offer a personal IBAN. I will update it regularly and indicate those where I had a bad experience.

Why does having a personal IBAN matter?

A personal IBAN makes crypto look normal to the bank. Your name is on the account, so wires don’t get flagged like cartel money.
SEPA transfers become instant, cheap, and painless. No middlemen with excuses.
It’s a good way to build a serious bridge between fiat and crypto without constantly praying you won’t get the “we regret to inform you…” email from your bank.
In short: personal IBAN = crypto under the radar.

• Blockchain.com
• Bybit - you can connect it directly to your ZEN account (10k Eur limit per transaction)
• Crypto.com
• Keytom
• KuCoin
• Mexc
• Nash
• Nebeus
• Nexo
• OKX - bad experience with them
• SwissBorg – it used to be good, but like everything Swiss it deteriorated
• Wirex
• Xapo
• Xbo

any recommendation which of these services have decent OTC desk?

 

[JohnnyDoe]

any recommendation which of these services have decent OTC desk?

Wirex is surprisingly good.
Blockchain.com too

 

[void]

to my knowledge only a few in the list actually provide a personal IBAN and the money comes from an account in the name of the customer when withdrawing
it's Nexo, Wirex, Nash and Nebeus
Bybit also sort of counts as it supports direct connection with Zen (as mentioned by OP)

please correct me if I'm wrong and you have a true personal IBAN with any of the rest

the common denominator of all these is pretty high commission on trades and several ridiculous fees

the real game changer will be Kraken as they have this feature on the road map (unknown release date as usual 😉)

 

[JohnnyDoe]

to my knowledge only a few in the list actually provide a personal IBAN and the money comes from an account in the name of the customer when withdrawing
it's Nexo, Wirex, Nash and Nebeus
Bybit also sort of counts as it supports direct connection with Zen (as mentioned by OP)

please correct me if I'm wrong and you have a true personal IBAN with any of the rest

all those listed provide a personal IBAN. Personally tested.

the common denominator of all these is pretty high commission on trades and several ridiculous fees

Commissions on blockchain, bybit, kucoin, mexc, okx are fine.
Anyway I'm not considering this aspect for the purpose of this review.
If you like trading crypto, try Bullish.

the real game changer will be Kraken as they have this feature on the road map (unknown release date as usual 😉)

They are coming quite late to the party.

 

[void]

an example (message from KuCoin support)

 

[JohnnyDoe]

an example (message from KuCoin support)

View attachment 79

They provide a personal IBAN from France (Harmoniie SAS - HRSA) for deposits. I usually don't sell crypto for fiat and I have never tried to withdraw fiat from KuCoin.

 

[void]

They provide a personal IBAN from France (Harmoniie SAS - HRSA) for deposits. I usually don't sell crypto for fiat and I have never tried to withdraw fiat from KuCoin.

I see so that's probably it

in that case for example Kraken (and probably many more) belong to your list already because they provide personal IBAN for deposits - however this is pretty unimportant (at least to me) because it doesn't help much with anything (expect when the bank block outgoing transactions to well-known IBANs of the main exchange maybe - however such a bank is no good anyways)

however when withdrawing fiat to my personal account it makes a tremendous difference whether the money comes to my bank account from a third party or from an IBAN in my own name (as it makes it look like I'm just sending funds from another account of mine in a different bank) - the compliance implications are dramatically different and currently in the first case I'd be forced to justify why and where did the money come from, provide supporting documents and sometimes go way deeper and reveal where did the crypto I sold come from, how did I pay for it etc. - usual endless chain of hassle for no reason - none of this would be likely needed in the other case

 

[JohnnyDoe]

however when withdrawing fiat to my personal account it makes a tremendous difference whether the money comes to my bank account from a third party or from an IBAN in my own name (as it makes it look like I'm just sending funds from another account of mine in a different bank) - the compliance implications are dramatically different and currently in the first case I'd be forced to justify why and where did the money come from, provide supporting documents and sometimes go way deeper and reveal where did the crypto I sold come from, how did I pay for it etc. - usual endless chain of hassle for no reason - none of this would be likely needed in the other case

It depends on the amount and on the receiving bank. You can always be asked to justify an incoming transfer from an account in your own name, to show statements of that account, origin of funds etc. Banks can’t rely on the DD conducted by another bank.

 

[JohnnyDoe]

Added Uphold: Buy & Sell Crypto, Stablecoins and more | Trade Digital Assets to the list

 

[JohnnyDoe]

Kraken now offers personal IBANs for SEPA instant. MT or DE

 

[Marty McFly]

Kraken now offers personal IBANs for SEPA instant. MT or DE

This is great news!

 

[void]

Kraken now offers personal IBANs for SEPA instant. MT or DE

I can confirm my original LU personal IBAN changed to DE and both deposit and withdrawal is done using the same personal IBAN in my name
it's worth noting that the incoming payment reference contains "Kraken <txn_number>" which is a slight inconvenience

this doesn't apply to business accounts for now - mine still have LU and LI IBANs in Payward Ltd.'s name

 

[JohnnyDoe]

Also worth noting that EUR currency is not available for US based business accounts