1.Quick Overview
This section provides an overview of Bitunix Business Account registration and KYB Verification, covering key information such as processing timelines, application channels, fees, eligibility requirements, and account features. It helps users quickly access essential information and efficiently complete the application process.
| Key Item | Details |
|---|---|
| Application Channels | Business Account Registration: Available through the Bitunix official website and official app, supporting registration via Email, mobile number, and Google account. KYB Verification: Available exclusively through the Bitunix official website. |
| Processing Time | After all required information is submitted completely and accurately, Bitunix will complete an initial review and provide updates on the next steps via email. The complete verification process typically takes 1–3 business days. If additional information or document updates are required, the processing time may be extended. |
| Fees | Bitunix Business Account registration and KYB Verification are completely free. No verification service fees or account opening fees are charged. |
| Eligibility Requirements | Businesses must complete corporate qualification verification, provide Ultimate Beneficial Owner (UBO) information, complete KYC Level 2 verification for directors and senior executives, verify a bank account, and pass Bitunix's risk control review before Business Account access is enabled. |
| Account Features | Supports businesses in conducting digital asset-related activities in compliance with applicable requirements. Bitunix maintains compliance and risk control records throughout the process and provides ongoing monitoring and screening services. |
2.Product Definition
A Bitunix Business Account is a dedicated account designed by the Bitunix platform for corporate and institutional users, providing compliant trading and asset management services. Unlike individual user accounts, Business Accounts are specifically designed to provide standardized digital asset services for businesses, institutions, and corporate entities.
KYB (Know Your Business) Verification is a corporate identity verification process established by Bitunix in accordance with international Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF) requirements, and the standards set by the Financial Action Task Force (FATF). This verification is a mandatory prerequisite for businesses to access all features of a Bitunix Business Account and use platform services, including trading, asset management, and fund transfers.
3.Step-by-Step Application Guide
I. Corporate Account Registration
You can register a corporate account on the Bitunix official website at https://www.bitunix.com/register or via the official app using your email address, phone number, or third-party login methods such as Google.
II. Selecting Corporate Account KYB
- Currently, the KYB (Know Your Business) process for corporate accounts is only available on the web platform.
- After logging in, click the profile icon in the top-right corner to access the User Center.
- Select “Verification” from the left menu, then choose the third option — “Institutional Certification.”
- Follow the instructions to complete the required information and submit your application.
- Once received, we will conduct an initial review and contact you by email with the next steps.
III. Corporate Information Collection and Verification
Required Information:
- Company name
- Country or region of registration and full registered address
- Company registration number
- Date of incorporation
Required Documents:
- High-resolution copy of the Certificate of Incorporation
- High-resolution copy of the Articles of Association or equivalent official document
- Proof of registered address issued within the last three months
IV. Ultimate Beneficial Owner (UBO) Identification and Verification
- Provide a shareholding structure chart. If any shareholder is a legal entity, disclose further shareholding until natural persons are identified.
- All natural persons holding 25% or more of shares, directly or indirectly, must complete standard KYC Level 2 verification (25% threshold aligns with international standards and FATF Recommendation 10).
- Screening against Politically Exposed Persons (PEP) and sanctions lists.
- If held by a trust, provide a copy of the trust deed.
- For sole proprietorships owned 100% by an individual, submit a signed declaration confirming the individual as the sole direct UBO holding all shares.
V. Director and Key Management Personnel (KMP) Identification and Verification
- Provide a list of directors and key management personnel stamped with the company seal. We will verify director identities.
- All listed individuals must complete standard KYC Level 2 verification.
- Screening against PEP and sanctions lists.
VI. Business Nature Review
- Required Information:
- Description of main business activities
- Business commencement date
- Primary operating address
- Client types and geographic locations
VII. Bank Account Verification
Submit a high-resolution copy of a bank statement issued within the last three months, clearly showing the company name and bank account number, with the bank’s official stamp.
VIII. Ongoing Monitoring
Regular screening of the company’s UBOs, directors, and key management personnel against PEP and sanctions lists will be conducted.
4.Risk Control and Important Notes
- KYB Verification is only available through the Bitunix official website. Do not submit any information through third-party links, unofficial apps, or unknown channels to avoid phishing scams and potential information security risks.
- All corporate documents must be clear, complete, unaltered, and unobstructed. Documents that do not meet the requirements may result in verification rejection and extend the processing time.
- During the verification process, please do not modify key business information, ownership structure, or management personnel details without proper review. Any required changes should be submitted after the current verification process is completed. Frequent changes to submitted information may trigger risk control alerts.
- After the Business Account is activated, users must use platform services in compliance with applicable requirements. Business Accounts must not be used for illegal activities, including money laundering, cash-out activities, or unauthorized fund transfers. Bitunix continuously monitors transaction activities, and violations may result in permanent account suspension and reporting through applicable compliance procedures.
- Please regularly check your registered email address and promptly review verification notifications from Bitunix. Failure to provide required supplemental documents within the specified timeframe may result in automatic rejection of the verification application, requiring a new submission.
5.Frequently Asked Questions (FAQ)
Q1: Can I complete Business KYB Verification through the Bitunix app?
No. Currently, Bitunix Business KYB Verification is only available through the official Bitunix website. The verification channel is not yet available on the app. All Business KYB Verification applications must be completed by logging in to the Bitunix official website.
Q2: Do shareholders holding less than 25% ownership need to complete KYC Level 2 verification?
No. Bitunix strictly follows FATF international standards and only requires individuals who directly or indirectly hold 25% or more ownership of the business to complete KYC Level 2 verification. Shareholders below this ownership threshold are not required to submit personal verification documents.
Q3: What additional documents are required for sole proprietorships or businesses with trust-based ownership structures?
For sole proprietorships with 100% ownership held by an individual, a designated declaration document must be submitted to confirm the identity of the sole individual beneficial owner.
For businesses with trust-based ownership structures, a complete and valid copy of the trust agreement must be uploaded to complete ownership verification.
Q4: What are the requirements for corporate bank account statements?
A bank statement issued by the bank within the past three months must be provided. The document must include the bank's official stamp, be clearly scanned, and contain complete information. It must clearly display the company name and key corporate bank account details.
Screenshots, documents without an official bank stamp, and expired documents will not be accepted.
Q5: Can I reapply after a failed Business KYB Verification?
For verification rejections caused by missing information or incorrect document formats, users may correct the information and resubmit the application directly.
However, verification failures caused by false information, abnormal risk control screening results, or compliance violations may result in restrictions on future applications. For specific requirements to restore application access, please contact Bitunix official customer support.
Disclaimer
This article is not intended to provide:
(i) investment advice or investment recommendations;
(ii) an offer or solicitation to buy, sell, or hold digital assets; or
(iii) financial, accounting, legal, or tax advice.
Digital assets (including stablecoins and NFTs) involve high risk and may be highly volatile. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation. For your specific circumstances, consult your legal, tax, or investment professionals. You are responsible for understanding and complying with all applicable local laws and regulations.