Opening a digital asset account through digital banking has become more and more trendy as digital assets continue to gain in popularity and usage.
Many traditional banks are still hesitant about providing direct digital asset banking services, but digital banks have risen to the challenge by allowing customers to store, trade and transfer digital assets securely from their bank account.
One emerging powerhouse in digital banking and digital asset use is Cyprus. In this article, let’s see how you can open a digital asset account in Cyprus online with a digital bank.
Can I Open a Digital Asset Account with Digital Banking in Cyprus Online?
The short answer is yes - you can open a digital asset account in digital banking entirely online from anywhere in the world if you choose a digital bank in Cyprus.
Cyprus has established a highly advanced regulatory framework for digital asset enterprises. Thus, a few of the best digital banks that provide digital asset bank accounts online have now started operating on the island.
One such digital bank is Jetonbank. A fully licensed and authorised Cyprus bank, Jetonbank makes it possible for foreigners to open personal and business bank accounts online.
What is distinct with Jetonbank is that you will get a digital asset account built into the bank account that lets you store, trade and use all of the major digital assets right out of the bank account.
This makes it easy to store your fiat money and your digital assets together.
What is the Process to Open a Digital Asset Account in Digital Banking of Cyprus?
A digital asset account with Jetonbank is easy and only involves a few basic steps which can all be accomplished via a remote connection:
- Apply and provide ID verification - Head to the website of Jetonbank and submit a simple online application form with your basic details. Clear scans of your photo ID and current proof of address will be required. Jetonbank uses high-end verification technology to verify your identity.
- Fund your account - Upon approval of your application, you will be able to open a new Jetonbank account and deposit €250 in the form of a first transfer into your new account. You can also connect an authorized payment option such as credit/debit cards.
- Start using your digital asset account - Within 1 – 2 business days of deposit, your digital asset account will be live and operational. Major digital assets are now listed for purchase, sale and exchange directly from the Jetonbank website. You keep your digital assets in encrypted digital wallets.
The whole account setup process can take only a few days, provided you have all the necessary documents. Jetonbank is an all-in-one online onboarding company.
What Documents are Needed to Open a Digital Asset Account in Online Banking?
According to Know Your Customer regulations, Jetonbank will be asked to produce the following standard documents during identity verification as required by Know Your Customer requirements:
- Passport or National ID card - This must be a color copy of your current state-issued non-expired photo ID.
- Proof of address - A recent, less than 3 months old proof that contains your name and home address, such as a utility bill, bank statement, or tax return.
- Selfie photo - You’ll need a recent selfie picture in order to compare your face to your ID pictures.
No further documents are required to open a digital asset account in the bank.
Jetonbank has tried to keep the onboarding process as easy and frictionless as possible while meeting all regulatory requirements.
What Digital Assets Can I Hold in a Digital Asset Bank Account in Cyprus?
You can choose from several popular digital assets with Jetonbank and withdraw them through your online bank account.
It applies to the majority of the largest digital assets by market cap. The Jetonbank is also looking to continually support new and upcoming digital assets as well.
You can purchase, sell, and transfer between these holdings directly from your embedded digital asset banking account.
Can I Trade Digital Assets Directly from My Online Bank Account in Cyprus?
Another key advantage of using a digital bank such as Jetonbank is that you can trade digital assets from your online bank account.
Once your account is topped up and your digital asset account logged in, you can easily buy and sell supported currencies instantly with just a few clicks.
Jetonbank offers a very easy digital asset trading interface where you choose the currency pair, enter your amount, and place your order. Orders are instantaneously matched and filled based on market prices. For advanced trading you can also place limit and stop orders.
Everything you buy, sell and deposit in digital assets is instantly recorded in your integrated digital asset bank account. This gives you a holistic overview of your fiat money and digital assets for a seamless portfolio management.
With the power to sell digital assets directly from your bank account, it is a very convenient feature for the busy digital asset traders and investors at Jetonbank.
As this guide has shown, a digital asset account with digital banking in Cyprus provided by providers such as Jetonbank is an easy solution for entering the digital asset banking industry.
All you need is basic identity proof and a single deposit to open a full digital asset account online in Cyprus that will allow you to store, buy, sell and trade major digital assets.
Based digital banking is democratizing digital assets by seamlessly marrying it with traditional banking. If you are ready to enter the digital asset game but wish for the convenience and safety of a regulated bank, then contact Jetonbank and create your digital asset account today.
Check out Jetonbank to get started on setting up your digital banking center for fiat and digital assets.
