Opening a crypto account with Prominence Bank is similar to opening any other account. You’ll need to go through our application process (providing KYC documents – passport, etc., the same as for a fiat account). The one-time account opening fee is €25,000, just like our standard account fee . Once open, the minimum balancerequirement for a crypto account is very low – only about $100 (in crypto) needs to remain in the account . There aren’t monthly fees specific to crypto accounts beyond what normal accounts have. After activation, we’ll provide you with wallet addresses or instructions to deposit cryptocurrency. One important note: you cannot use incoming crypto to waive the opening fee – the fee must be paid upfront (via SWIFT or USDT) to activate the account . But after that, you can freely move crypto in and out. Essentially, the cost is the same entry fee as our other services, and then it operates as a secure crypto custody service under our bank.
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