USA LLC with Mercury.com bank account & Crypto

[DunningKruger]

Hello guys,
This is my first message here.

Any body used/tested Mercury.com USD account which owner by a WY LLC (Non-US Resident company) receive/send to Crypto exchanges ? And also which crypto exchange is perfect with mercury.com (If mercury crypto firendly)
Or any US Bank account and crypto exchange suggestion with lower costs.

thanks

 

[JohnLocke]

Personally I have been in touch with them a few times, very responsive and polite‌ to answer questions.

Actually I was through the entire process with them with a Wyoming‍ LLC but never really got started.

Below are other similar threads that you may find⁠ very helpful:
https://www.offshorecorptalk.com/threads/bank-account-and-money-transfering-for-us-llc.32622/https://www.offshorecorptalk.com/threads/mercury-bank.33497/https://www.offshorecorptalk.com/threads/getting-accepted-on-mercury.31711/

 

[Piano]

firstbase looks good ...why you don’t ask Mercurybor Relay about crypto ?

 

[Piano]

Can you send SWIFT transfers with Mercury worldwide ?

 

[isyet]

Yes it is possible. We⁤ tested it.

 

[Novice]

I'm using Kraken to receive Mercury wire payments. We have a Wyoming LLC.

Pretty good‌ but you'll have to get every single deposit approved manually by Kraken (using support ticket‍ every single time I make a deposit) as the payment doesn't come directly from your⁠ own Mercury Bank account. It comes from their partner bank. Open a support ticket and⁤ attach the deposit receipt of each payment.

You'd get your payment approved from 4-12 hours.⁣ (I've recently been upfront with them and I get it approved ~ 4hrs after the⁢ wire hits their account)

 

[isyet]

Cryptocurrency can be risky on Mercury. Better to openly ask Mercury before making a⁠ transfer. Don't risk it.

 

[JohnLocke]

I totally agree.

OP if you are‍ afraid of losing your account you want to contact them from a different handle which⁠ they can't connect to you. I know they are very responsive also to non customers.⁤

 

[Tr0nad0r]

@DunningKruger Let us know how things go with your testing.

Talking with the Mercury team‌ they confirmed that they don't have troubles per se with crypto business or crypto transactions‍ but that some exchanges, like Gemini, reject their wire transfers because the business name isn't⁠ listed as the sender of the wire.

About crypto businesses:

 

[juancho]

Hi guys, has anyone been able to fund any crypto exchange with a Mercury Bank‌ account? I've opened one, they said theey have no troubles with me funding an exchange,‍ but as previously mentioned, some exchanges reject the deposits because Mercury uses a third party⁠ for international transactions. So, I sent a deposit to Kraken, which I think it should⁤ go through but can take up to 5 days, so I was wondering if you've⁣ found a way which takes less time. Been googling about it but I just keep⁢ finding walls.

 

[Novice]

You will need to contact kraken with the receipt (from mercury) for each deposit you‌ make.

They will approve it within few hours.

 

[juancho]

Hi Novice, thanks for replying. I got a message from Mercury tho, saying they didnt'‌ process the wire transfer

That was after they⁣ confirmed via chat they didn't have any restrictions

I have messaged them to see what they come back with. Thanks

 

[Novice]

You used "MVB BANK, INC" deposit method in Kraken right?

 

[juancho]

Hi, I used Bank Frick And Co option, because that's the one that offered both‌ SWIFT and IBAN codes which are required to setup the transfer?

Have you by any‍ chance used Paxful? As I see I can use that with my debit card. I⁠ added my Mercury Debit card to my Paypal Account. I guess I could just fund⁤ my account that way?

 

[Novice]

Use MVB Bank. It's the best and cheapest. Don't buy with Credit cards.

What state‌ is your LLC Registered in?

 

[juancho]

I will check it out later, is that one of the funding options for Kraken‌ then?

As for the state of my LLC , it's registered in New Mexico.

 

[Novice]

Yes. That's one of the deposit options.

 

[cuno]

did it worked afterwards or do you still have troubles with them⁤ ?

 

[lucaslucas]

Hi there! Is this still working︀ for you?

 

[Novice]

No. Kraken‌ stopped accepting deposits from sundry bank accounts.

What bank accounts do you have beside mercury?‍