Onboarding for larger crypto transfers – what's working?

asked by u/hugoschneider · 6d · 1 answers

Hey everyone, wondering if anyone has found a smoother process lately for onboarding new entities, especially for larger crypto transfers ($BTC or stablecoins). We've been running into more and more friction with KYC/KYB on the banking and exchange side. It feels like goalposts keep shifting, and what worked last month for a 7-figure wire is now causing delays with smaller amounts. Are certain PSPs or dedicated crypto banks really cutting through the red tape, or is everyone just gritting their teeth and waiting weeks for compliance teams to sign off? Really looking for practical experiences here, not just 'use a good lawyer' type advice.

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  • u/wkim· 3 pts· 6d

    We've seen similar issues; it seems like the compliance landscape is tightening across the board. Have you looked into any of the dedicated crypto-native financial institutions that are emerging? Some are building their KYB processes from the ground up specifically for digital assets, which might offer a more streamlined experience for larger transfers.

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