just trying to get ahead of myself by creating a few exchange accounts. Can't start the bank account application process until EIN which will take at least a few weeks...so Kraken is likely months out.
Checking a few others this week and will share if find anything useful.
Yep; seems that way - exchanges, banks...they all want the damn EIN (and it looks like Coinbase would also like $1,000!).Yes you need to wait for the mighty IRS fax machine to process it. You can’t do anything without an EIN.
I recommend you call them Monday-Friday when they’re open and inquire, as generally it’ll get it done faster than waiting in a queue up to ~120 days.Yep; seems that way - exchanges, banks...they all want the damn EIN (and it looks like Coinbase would also like $1,000!).
Crank up that fax machine and prepare for action!
Mercury is crypto friendly and very stable.If I manage to open an account on Kraken for US LLC with what bank is the best way to link it to avoid closing my bank account?
8 Weeks, why does it take so long? I thought in the US they were 20 years ahead of Europe. Even in Germany (the opposite) it takes only 4 business days for a tax id. In Denmark you have it within an hour or so.Yeah, but I need to get the EIN before can finish/submit the application.
It's in progress, but I've been told it could take up to 8 weeks (non-resident).
Do you have experience with high volumes and which exchanges work well?
Didnt they ask you all kind of weird stuff like virtual tour of office and such ducked things?Took me a day with Kraken and my WY LLC. It was a relatively simple process. You can expedite the EIN process if you fax the papers yourselves and call the IRS frequently. Sometimes they will just give you the EIN over the phone and you can utilize it while you wait for the formal faxed papers back.
Didnt they ask you all kind of weird stuff like virtual tour of office and such ducked things?
They did for me, so I ditched them.
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